Pharmacies - Switzerland

  • Switzerland
  • The revenue in the Pharmacies market in Switzerland is forecasted to reach CHF US$9.16bn in 2024.
  • It is expected to experience an annual growth rate (CAGR 2024-2029) of 3.14%, leading to a market volume of CHF US$10.69bn by 2029.
  • In comparison to other countries, United States is projected to generate the highest revenue in the Pharmacies market, with CHF US$387.30bn in 2024.
  • When considering the total population, in Switzerland is estimated to generate CHF US$1.03k per person in revenue in the Pharmacies market in 2024.
  • Switzerland's pharmacies are thriving due to the country's high healthcare standards and demand for quality pharmaceutical products.

Key regions: United States, China, Germany, Japan, Europe

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Pharmacies market in Switzerland has been experiencing steady growth in recent years.

Customer preferences:
Swiss customers have a strong preference for high-quality and reliable healthcare products. They value personalized service and expert advice when it comes to their health and well-being. Swiss consumers also prioritize convenience and accessibility, which has led to an increase in online pharmacy services.

Trends in the market:
One major trend in the Swiss Pharmacies market is the growing demand for natural and organic healthcare products. Swiss consumers are increasingly concerned about the ingredients and environmental impact of the products they use, leading to a rise in the popularity of natural remedies and organic supplements. Another trend is the increasing popularity of online pharmacies, which offer a wide range of products and the convenience of home delivery. This trend has been further accelerated by the COVID-19 pandemic, as more consumers are opting for online shopping to reduce their exposure to crowded places.

Local special circumstances:
Switzerland has a highly regulated healthcare system, which ensures the quality and safety of pharmaceutical products. The country has strict regulations on the sale and distribution of prescription drugs, which can only be obtained from licensed pharmacies. This has created a competitive advantage for traditional brick-and-mortar pharmacies, as they are the only authorized sellers of prescription medication. However, online pharmacies have also gained traction in the Swiss market, offering over-the-counter products and supplements that do not require a prescription.

Underlying macroeconomic factors:
Switzerland has a high standard of living and a well-developed healthcare system, which contributes to the growth of the Pharmacies market. The country has a strong economy and a high per capita income, allowing consumers to afford quality healthcare products. Additionally, Switzerland has an aging population, which drives the demand for healthcare products and services. The government also plays a significant role in the healthcare sector, providing universal healthcare coverage and promoting the use of generic drugs to reduce healthcare costs. These factors contribute to the overall growth and stability of the Pharmacies market in Switzerland.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our 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 healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Users
  • Volume
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)