<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/thirteenffiler">
  <headerData>
    <submissionType>13F-NT</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags/>
      <filer>
        <credentials>
          <cik>0001642343</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>09-30-2022</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2022</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Bellevue Asset Management AG</name>
        <address>
          <ns1:street1>Seestrasse 16</ns1:street1>
          <ns1:city>Kuesnacht</ns1:city>
          <ns1:stateOrCountry>V8</ns1:stateOrCountry>
          <ns1:zipCode>8700</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F NOTICE</reportType>
      <form13FFileNumber>028-16892</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <form13FFileNumber>028-17462</form13FFileNumber>
          <name>Bellevue Group AG</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Martin Gubler / Ivo Betschart</name>
      <title>CFO / SIGNING AUTHORITY</title>
      <phone>41 (44) 267 67 00</phone>
      <signature>/s/Martin Gubler / /s/Ivo Betschart</signature>
      <city>Kuesnacht</city>
      <stateOrCountry>V8</stateOrCountry>
      <signatureDate>11-11-2022</signatureDate>
    </signatureBlock>
  </formData>
</edgarSubmission>
