Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Switzerland

Switzerland

In Switzerland, the revenue in the market Connected Biosensors is projected to reach €70.92m in 2024.
Looking ahead, this sector is expected to exhibit an annual growth rate (CAGR 2024-2029) of 5.62%, resulting in a projected market volume of €93.20m by 2029.
The user penetration rate is expected to be 3.47% in 2024 and is anticipated to reach 3.53% by 2029.
Furthermore, the average revenue per user (ARPU) is expected to amount to €231.10.
In terms of global comparison, it is worth noting that the majority of revenue in the Connected Biosensors will be generated China, amounting to €4,166.00m in 2024.
Switzerland's strong focus on precision engineering and healthcare innovation positions it as a leading hub for the development of state-of-the-art connected biometric sensors in the digital health market.

Key regions: Italy, Germany, France, United Kingdom, India

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Analyst Opinion

The Connected Biosensors market in Switzerland is seeing a surge in demand and innovation, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: Swiss consumers are increasingly valuing convenience and efficiency in healthcare solutions, leading to a growing preference for connected biosensors that offer real-time monitoring and data tracking. The tech-savvy population in Switzerland is embracing digital health technologies, including smart thermometers, blood glucose meters, and blood pressure monitors, for proactive health management.

Trends in the market: In Switzerland, there is a notable trend towards the integration of connected biosensors with telemedicine services, enabling remote patient monitoring and virtual consultations. This trend is particularly relevant in the context of Switzerland's mountainous terrain, where access to healthcare facilities can be challenging for some residents. Additionally, the emphasis on preventive healthcare in Switzerland is driving the adoption of smart biosensors that help individuals monitor their vital signs and detect early signs of health issues.

Local special circumstances: Switzerland's strong focus on data privacy and security is influencing the development of connected biosensors in the market. Companies operating in the connected biosensors space in Switzerland are placing a high priority on ensuring compliance with the country's stringent data protection regulations. This emphasis on privacy and security is shaping the design and features of smart biosensors available to Swiss consumers, enhancing trust and adoption rates.

Underlying macroeconomic factors: The affluent population in Switzerland, coupled with the country's well-established healthcare system, creates a conducive environment for the growth of the connected biosensors market. With high disposable incomes and a willingness to invest in health and wellness, Swiss consumers are more inclined to purchase premium smart biosensors that offer advanced features and seamless connectivity. Moreover, the increasing prevalence of chronic diseases in Switzerland is driving the demand for connected biosensors that enable continuous monitoring and management of health conditions.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.