18. Juni 2025|
AI
|6 months agoSwiss Medical Device Industry Faces US Tariff Challenge
Swiss medical device manufacturers grapple with potential impact of US tariffs on crucial healthcare products including insulin pens and orthopaedic implants.
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Generated IllustrationKey Takeaways
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- Switzerland is home to approximately 1,400 active medical equipment companies.
- Swiss medical device exports to the US faced a potential tariff hike to 31% announced on April 2, 2025.
- The US President suspended the severe reciprocal taxes for Switzerland and the EU until July 9, 2025.
- The US is the primary destination for Swiss medical device exports outside of Europe.
By The Numbers
CHF 2.8 billion
Export Value to US (2024)
CHF 800 million
Potential Tariff Cost
23%
Share of Exports to North America
10%
Current Tariff Rate
They Said
"A 31% tariff would basically kill the chances of companies to sell in the US."
"It is a frightening moment, because Switzerland is expensive and it’s a small country, so you can’t scale your production as much as competitors."
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