Switzerland Digital Health Market Analysis Report 2022 to 2030

Switzerland Digital Health Market Analysis

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Switzerland's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022-30. The market will be driven by the progression of digital technologies and the advancing aging population with an increased rate of chronic diseases. The market is segmented by solution, by deployment & by end-use. Some of the major players include Medgate, Medtech & Artimplant AB.

ID: IN10CHDH005 CATEGORY: Digital Health GEOGRAPHY: Switzerland AUTHOR: Vidhi Upadhyay

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Switzerland Digital Health Market Executive Summary

Switzerland's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022-30. According to the data from the World Health Organization Global Health Expenditure database, the health expenditure (% of GDP) of Switzerland saw a fall from 11.38% in 2018 to 11.29% in 2019 owing to the pandemic. It is expected to increase further by 15% by the year 2050.

The Swiss government and private sector entities have made investments in the development and deployment of digital health technology and services. Telehealth, chronic patient remote monitoring, chronic illness self-diagnostics, unified electronic health record (EHR), and e-prescription are the six primary technologies that have previously been investigated in peer countries and have the most potential to improve Swiss healthcare.

There are a lot of start-ups and companies working on digital health in Switzerland, making it a very dynamic and innovative field. In August 2022, Agora Care SA became the first company to create a platform that aids medical image storage and communication allowing patients to share the results of imaging procedures with medical practitioners and healthcare providers anywhere in the world at any time.

switzerland digital health market analysis

Market Dynamics

Market Growth Drivers

The outbreak of COVID – 19 generated space for progression of the digital technologies, Switzerland is a rich field for innovation due to the demand for digital health and a mobile technology-friendly Swiss populace. By October 2021, a total of 9 new digital health start-ups were added to the existing pool which adds up to the growth of the sector. Moreover, factors such as the aging population, the growing rate of chronic conditions amongst the population contribute to the additional growth of the digital health market in Switzerland.

Market Restraints

Switzerland is well-known for its excellent healthcare system. However, in comparison to other nations, Switzerland has yet to fully capitalize on the prospects presented by healthcare digitalization. Health-technology developers are intently tracking ongoing significant legislative developments that, if left unaddressed by market operators, may create a lag for innovation and halt the impulses already generated by the pandemic. Different standards for digital health applications across different cantons cause difficulty due to a lack of uniformity and interoperability, lack of remuneration models in place for digital health services are more factors holding back the growth of the digital health market in Switzerland.

Competitive Landscape

Key Players

Medgate: this firm is a market leader in telemedicine services. They provide online medical consultations, as well as e-prescriptions and online self-care resources
Medtech: This organization is a market leader in the development of digital health technologies. They provide various services such as electronic health records, telemedicine, and online self-care tools
Artimplant AB: This organization is a market leader in digital health solutions for orthopedic surgery. They provide instruments and software for surgical planning and execution, including the use of 3D printing technology
MindMaze: Its products include a transportable neurorehabilitation system for hospitals developed for fine motor skill rehabilitation, as well as a gamified neurorehabilitation system for both the hospital and the home

Healthcare Policies and Regulatory Landscape

In Switzerland, digital health is governed by a mix of federal, cantonal, and private-sector entities. The Federal Office of Public Health (FOPH) is in charge of developing national digital health recommendations and standards. The FOPH is also in charge of overseeing the implementation of digital health projects like the E-health Switzerland program. Furthermore, the FOPH collaborates closely with the Swiss Confederation and cantons to oversee the appropriate utilization and safeguarding of individual health data.

Reimbursement Scenario

In Switzerland, reimbursement for digital health services varies according to the region and the insurance company. Some regions and insurance companies cover telemedicine consultations, while others do not. Some digital health services, like as teleconsultations and e-prescriptions, are covered by the Swiss national health insurance (LAMal), however, coverage and payment may vary on multiple factors. Though coverage for digital health services is not uniform in Switzerland, the nation has a very high number of individuals with private health insurance, which may play a role in reimbursement for specific digital health services.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Digital Health Market Segmentation

The Digital Health Market is segmented as mentioned below:

By Solution (Revenue, USD Billion):

Software
Services

By Deployment (Revenue, USD Billion):

Cloud-based
On-premises

By End-use (Revenue, USD Billion):

Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.