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The Medical Device Market: Finland
Espicom Business Intelligence Ltd, April 2013, Pages: 76
Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Finland is one of the northernmost countries in Europe and covers around 338,000km2, of which 10% is water. The population is estimated at 5.4 million in 2012.
The Finnish market for medical devices is predicted to increase by 5.2% per annum to attain a value of US$1,356.5 million by 2017. The current market size is estimated to be US$1,054.2 million, equal to US$196 per capita.
For 2011, imports totalled US$902.2 million and exports US$1,469.5 million, maintaining Finland’s positive balance of trade. Exports of dental products, the largest category, were up 12.8% to US$355.8 million. Dental X-ray apparatus, a particular strength, increased 14.2% to US$225.3 million.
The public health system has developed from a hospital-centred model into a system where the main emphasis is on prevention, promotion and primary services. A new Health Care Act proposed in June 2010, which will give patients more choice about where they are treated, is the first part of a total reform of the health and social system that the Finnish government wants to introduce.
Healthcare expenditure is estimated at US$26.4 billion in 2011, over three quarters of which is public
Finland suffered an economic slump in 2009, with GDP falling 8.2%, according to figures from the Economist Intelligence Unit. The economy began to recover in 2010, with growth of 3.6%, and is predicted to grow 0.8% in 2012.
Domestic production of medical devices is from many small scale enterprises, focusing on niche markets. The largest domestic producer, Instrumentarium, became a subsidiary of GE in 2004.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
These highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom’s unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
1. Executive Summary
2. Introduction
3. Current Market Size
4. Market Projections & Outlook
5. Imports
6. Domestic Manufacturing
7. Multinational Manufacturing
8. Exports
9. Distribution
10. Medical Device Regulations
11. Demographics
12. Healthcare System
13. Health Expenditure
14. Healthcare Infrastructure
15. Healthcare Personnel
16. Directory
17. Methodology & Sources
97. Appendix: Healthcare Statistics
98. Appendix: Distributors
- General Electric
- Instrumentarium
- GE Medical Systems
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