Switzerland Healthcare & Medical Tourism Market Size to Surpass USD 128.11 BN by 2032
The Switzerland healthcare & medical tourism market size was estimated at USD 62.16 billion in 2022 and is expected to surpass around USD 128.11 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period 2023 to 2032.
Key Takeaways:
Switzerland Healthcare & Medical Tourism Market Report Scope
| Report Attribute | Details |
| Market Size in 2023 | USD 66.82 Billion |
| Market Size by 2032 | USD 128.11 Billion |
| Growth Rate From 2023 to 2032 | CAGR of 7.5% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | End-use, service |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Key Companies Profiled | Klinik Hirslanden; Swiss Medica XXI Century S.A.; Biologic Aesthetic Dentalcare; Berit Klinik; Clinique de Genolier; Clinique de Montchoisi; Hirslanden Clinique Cecil; Private Clinic Mentalva; Rehabilitation Clinic Zihlschlacht; Grand Resort Bad Ragaz; Clinica Sant’Anna; The Waldhotel; Swiss Medical Network; The Swiss Leading Hospital; Privatklinik Hohenegg AG; Klinik Im Park; Private Clinic Meiringen; Hirslanden Klinik Aarau; Pyramide am See Clinic; Salem-Spital; Schmerzklinik Basel; Klinik Beau-Site; Clinique La Colline; SW!SS REHA; Berit Klinik; BESAS Bern Hospital Center for Geriatric Medicine; cereneo Schweiz AG; CLINIC BAD RAGAZ; LEUKERBAD CLINIC; Clinique de Maisonneuve; Clinique Valmont; Hochgebirgsklinik Davos; Hof Weissbad AG; Klinik Schloss Mammern; Oberwaid AG; Rehaklinik Dussnang AG; Salina Rehabilitation Clinic |
The increasing adoption of initiatives to promote medical tourism, along with the high quality of medical care, is expected to boost the growth of the market. The Switzerland healthcare industry has established a reputation for good and efficient healthcare services. Although there is a regional disparity in healthcare-related satisfaction among citizens, the overall scenario seems to be positive in the country. Moreover, the established healthcare system in the localities enables the health industry to focus on the incoming medical tourists.
Switzerland is one of the major medical tourism destinations, and efforts are being made to improve medical tourism services. Switzerland Tourism (ST) took the initiative to partner with hospitals and clinics, with a focus on the quality of infrastructure, medical expertise, and location in a relaxing environment and natural setting. In 2019, ST successfully partnered with 26 hospitals and clinics in the region, and with the help of its 33 regional offices worldwide, it offers its partners an opportunity to increase their visibility in foreign markets. Moreover, in 2020, ST launched its magazine and website, contributing to its marketing strategy and further plans to participate in various events in Russia, China, and Gulf countries to showcase Switzerland's health tourism facilities. Such activities have helped establish Switzerland as a medical tourist destination on the global platform.
Switzerland is home to numerous medical offices, hospitals, and wellness facilities that provide patient-centered care.H+ Swiss Hospitals is a leading association in Switzerland comprising both public and private hospitals, clinics, and institutions for special care. It has 263 hospitals, clinics, and institutes for special care, spread across 369 different locations.
Even though the cost of medical care is high compared to other European countries, Switzerland has always been a popular destination for medical tourism. This can be attributed to the well-established healthcare infrastructure with the presence of trained healthcare professionals, high-quality care, high patient privacy standards, and beautiful locations.
Access to technologically advanced medical devices, diagnostic procedures, and robot-assisted minimally invasive surgeries, the availability of luxurious facilities are the primary factors for patients visiting Switzerland for medical treatment. For example, Hirslanden Klinik Aarau provides surgical robotic procedure services for international patients. Innovations in surgical techniques can help in reducing the cost of medical treatment in Switzerland. As per the Organization for Economic Co-operation and Development (OECD), Switzerland has one of the longest durations of hospital stay. Technological advancements in minimally invasive surgeries can result in a significant reduction in length of stay and in-patient costs.
End-use Insights
In terms of end-use, the public care segment held the largest revenue share of 75.7% in 2022. This is attributed to strong government support and increased healthcare spending. Medical tourists have given a major boost to the country’s medical tourism industry, and they prefer public centers as compared to private care providers. Initiatives by Switzerland Tourism such as business partnerships to support targeted marketing campaigns contribute to the increase in medical tourists.
The private care segment is anticipated to grow at the fastest CAGR of 8.2% during the forecast period. The presence of large private hospital groups with dozens of private clinics and hospitals at various sites with world-class healthcare facilities is favoring the demand for private hospitals in Switzerland. For instance, Hirslanden Private Hospital Group comprises 17 private hospitals across various locations in Switzerland. Similarly, the Swiss leading hospitals are a network of 18 private hospitals and 236 doctors across Switzerland. These hospitals are renowned for their medical expertise and quality among international patients. The growing network of these large hospitals by the establishment of more clinics and centers is fueling the growth of the private care segment.
Medical tourists coming from Gulf countries have given a major boost to the country’s medical tourism industry. Switzerland Tourism is taking active steps and measures such as collaboration with clinics and sponsorships to attract medical tourists to Switzerland. For instance, in 2020, Switzerland Tourism generated USD 7.2 million through business partnerships to support targeted marketing campaigns. However, the high cost of medical care, high tariffs for surgical procedures, and increased out-of-pocket expenses are important factors restricting the segment growth.
Service Insights
In terms of service, the radiology segment held the largest revenue share of 25.0% in 2022. Among various techniques, Computed Tomography (CT) has observed an increase due to its application in minimally invasive surgeries, such as percutaneous biopsy and percutaneous abscess drainage, along with diagnostics. Health services are benefiting from the availability of innovative products in the market, thus increasing the efficiency of treatment.
The service segment faces certain challenges such as a shortage of local healthcare workers due to the inadequate supply of workforce from training institutes, difficulty in maintaining work-life balance due to overwork, and a continuous increase in demand for healthcare services. Specifically, a significant shortage of nurses in long-term care facilities is a concern, considering the continuously increasing geriatric population in the country.
The cardiovascular treatment segment is anticipated to register the fastest CAGR of 8.9% over the forecast period. Switzerland offers a wide range of cardiovascular treatment services, including diagnosis, prevention, and intervention for various cardiovascular conditions. Switzerland boasts of highly skilled healthcare professionals and renowned cardiovascular specialists who are trained in the latest techniques and advancements in cardiovascular care. The country's hospitals and clinics are equipped with state-of-the-art technology and facilities to provide cutting-edge treatments.
Switzerland Healthcare And Medical Tourism Insights
Switzerland has a reputation for delivering high-quality healthcare services, with a focus on patient safety, precision, and personalized care. The country consistently ranks among the top in global healthcare quality indices, assuring patients seeking services such as cardiovascular treatment, dental treatment, fertility, and gynecology treatment, pain management, and others.
The medical tourism industry in Switzerland is witnessing remarkable growth owing to the influx of international patients in the country for medical purposes. As the majority of private hospitals are located in Zurich, Geneva, Bern, Basel, and Lausanne, these regions receive the most medical tourists. Both private and public hospitals in the country have established their reputation for the quality of care.
According to the OECD, in Switzerland, 100% of the population is eligible for core healthcare services. Furthermore, there are 4.3 practicing physicians per 1,000 inhabitants, which is close to the OECD average, and 17.2 practicing nurses per 1,000 inhabitants, which is above the OECD average. Thus, the well-developed healthcare infrastructure and the growing popularity of Switzerland for medical tourism are anticipated to drive the market.
Key Companies & Market Share Insights
The Switzerland market for healthcare and medical tourism is fragmented with several players operating in the market. The expansion of the services portfolio, the launch of new facilities, and partnerships and collaborations are the key strategic undertakings of the companies to increase market share. For instance, in January 2020, Clinique de Montchoisi announced extending its orthopedic services by opening a new physiotherapy and occupational therapy department. Some prominent players in the Switzerland healthcare & medical tourism market include:
Segments Covered in the Report
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the Switzerland Healthcare & Medical Tourism market.
By End-use
By Service
Cross-segment Market Size and Analysis for Mentioned Segments
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers