Market Research
Switzerland Global Enterprise
PROJECT INFORMATION
The project aimed to explore opportunities for Swiss medical device manufacturers to penetrate the Israeli market, partner with strategic re-exporters, and digitize legacy medical products.
Assignment
Recognizing Switzerland's expertise in precision manufacturing of medical devices and technologies, and Israel's prominent role as a high-end medical system provider and a major re-exporter to the developing world, the project sought to open new markets for Swiss companies amidst changing European regulations.
Project Stages
- Understanding Swiss Company Needs: Researching Swiss companies to identify areas where value could be added in the medical sector.
- Israeli Market Research: Analyzing over 1700 Israeli Med Tech companies, including startups, accelerators, and multinationals with R&D centers.
- Sector-Specific Analysis: Building a list of relevant sectors, hospitals, academics, and VCs.
- Market Trend Analysis: Identifying trends and tender opportunities for new hospitals and clinics in Israel.
- Expertise Mapping: Detailing Israel's diverse expertise in digital health, sensors, robotics, and various research areas.
- Cultural and Market Development Insights: Providing insights into the historical development of Israel's medical market and cultural nuances for effective business operations.
- Trade Mission Preparation: Laying the groundwork for a Swiss-Israeli trade mission aimed at fostering collaborations.
RESULTS
- The analysis catalyzed interest in the Israeli market, leading to the planning of a trade mission and an upcoming road show.
- Expected outcomes include joint ventures, research collaborations, and new funding opportunities.
Statistics:
- Conducted research on over 1800 companies in more than 10 technology sectors.
- Identified a total investment of $14B in the Israeli Med Tech market.
Conclusion
The Switzerland Med Tech Market Analysis by Nomadigo stands as a testament to the power of detailed market research in bridging international industries. By aligning Swiss manufacturing excellence with Israel's cutting-edge medical technology sector, the project not only opens new market avenues for Swiss companies but also sets the stage for innovative collaborations and advancements in the global medical technology landscape. This strategic initiative showcases how market analysis can be a key driver in facilitating international trade and technological synergy.