5 life science trends that are reshaping the Swiss market

Posting date: 15 September 2023
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The life sciences industry, with its remarkable innovations and groundbreaking discoveries, continues to push the boundaries of human knowledge.

It's redefining what is possible in the healthcare, chemical, and research industries.

In this era of rapid technological advancements, making an incredible impact on healthcare and life sciences, it is essential for candidates and businesses alike to understand the latest trends. 

Whether you’re an aspiring life sciences professional or an entrepreneur, we’re here with insights to help you stay ahead of the transformative trends that are shaping the Swiss market:

1. R&D agreements

Switzerland has entered into various research and development (R&D) collaborations, including a major science co-operation agreement with the United Kingdom. Together both nations have 10 of Europe’s top 20 research universities. 

This agreement opens up greater opportunities for collaboration and deepened relationships across shared focus areas, such as deep science and industrial commercialisation.

But you might be wondering why is research and development important for the Swiss market. UNESCO reports that global spending on R&D has reached an astounding high of almost 1.7 trillion dollars.

Plus, many countries have pledged to increase public and private spending in this area, as well as the number of researchers by 2030 – making it an attractive field for life science professionals. 

Agreements with key global partners help to drive economic growth in Switzerland by facilitating knowledge exchange, joint research projects, and innovation collaborations. This can in turn foster technological advancements, improve efficiency in agriculture, and promote environmental sustainability.

2. Trade agreements 

Switzerland's engagement in trade agreements is another crucial trend. The country has been actively pursuing agreements with various nations, including Canada to boost research ties. 

The two countries have signed a joint statement pledging to expand cooperation in science.

Trade agreements enhance market access, promote economic cooperation, and facilitate the exchange of goods and services. 

With a keen focus on climate and sustainability, life sciences and health, artificial intelligence and more, these agreements are set to create new opportunities for Swiss businesses, expand their customer base, and contribute to increased trade volumes.

3. Sustainable development 

Consistently ranked high amongst global peers for sustainability, Switzerland has shown a strong commitment to sustainability, which has become a significant trend in the country. 

There is a growing focus on environmentally friendly practices, renewable energy, and reducing carbon emissions. 

Synthetic biology is just one powerful tool being used to redesign life for a sustainable future. For example, researchers in Zurich achieved a significant milestone in the field of synthetic biology. 

They successfully constructed an artificial bacterial genome using cutting-edge computer algorithms. This groundbreaking achievement paves the way for more precise engineering of microorganisms, potentially revolutionising the production of therapeutics and various chemicals.

Synthetic biology has the potential to address various pressing global challenges, such as renewable energy production, waste management, and the production of sustainable materials.

4. Digital transformation 

Swiss companies are embracing digitalization to improve efficiency, future-proof their businesses, enhance customer experiences, and gain a competitive edge. 

The digital transformation trend is also encouraging investments in technology-driven health solutions, with reported opportunities worth CHF 8.2 billion for Switzerland.

Digital health technologies are revolutionising the way healthcare is delivered and experienced but there’s still work to be done. 

Deloitte’s 2023 Global Healthcare Outlook highlights reluctance and skepticism towards digital transformation. According to their data and trust survey, they found 45 percent of the respondents are against having their personal data collected and shared digitally. 

For Switzerland to progress, commercial healthcare companies must earn the trust of the population. Digital solutions like wearable devices, remote patient monitoring, telemedicine, and AI-driven diagnostics can boost patient engagement and empower individuals to manage their well-being efficiently.

5. Workforce diversity 

With cutting-edge innovations such as artificial intelligence, big data analytics, and automation becoming integral to various aspects of the life sciences field, the demand for professionals with specialised digital skills is skyrocketing. 

Companies are seeking candidates who can navigate the digital landscape with ease, harnessing its potential to drive efficiency, accelerate research, and streamline processes.

Diversity and inclusion have emerged as non-negotiable pillars of a thriving life sciences workforce. Recognising that diverse teams foster creativity, innovation, and better decision-making, organisations are actively pursuing strategies to attract, retain, and empower talent from diverse backgrounds. 

By embracing inclusivity, the industry is capitalising on the wealth of perspectives and ideas that diverse professionals bring to the table, ultimately propelling the life sciences sector forward with newfound energy.

Are you ready to level up?

If you're searching for a talent acquisition agency that is dedicated to driving the advancement of the life sciences sector, then look no further than Swisslinx. We work with firms across the pharmaceutical, MedTech, and biotech industries and beyond. 

As a trusted industry leader, we understand the intricacies of this rapidly shifting landscape. Our deep industry knowledge, coupled with our extensive network of professionals and businesses, enables us to identify emerging talent and connect them with exciting opportunities that align with their expertise and aspirations. 

Likewise, we assist organisations in finding the right candidates who can contribute to their success in an ever-competitive market. Speak to one of our consultants about your healthcare and life sciences resourcing needs today. 

If you’re a candidate searching for the latest vacancies, we’ve got you covered.

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