The Medical Device Market: Finland

Publication Date	February 2008
Publisher	Espicom
Product Type	Report
Pages	90
ISBN Number	not applicable
Product Code	ESP00422

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Summary

Finland's medical market is highly developed and mature. Following a recession in the 1990s, the Finnish economy is set to continue the steady growth that picked up in the late 1990's. The Finnish population enjoys a very high standard of healthcare and maintaining this is a political priority.

Despite a strong domestic industry, the medical device market is reliant upon imported goods to fulfil a large part of demand. Both imports and exports exhibited significant growth in 2005. Although overall market growth is sluggish, certain niche markets are expected to grow rapidly; such as telemedicine, which is well suited to Finland's remote rural regions. The Finnish market for medical devices is predicted to increase by 7.3% per annum at constant prices to attain a value of US$1,002.4 million by 2012.

The import of medical devices to Finland increased by 77.8% between 2002 and 2006 to reach US$667.7 million in 2006. Between 2001 and 2005, domestic production increased by 11.0% (31.2% in US dollar terms), amounting to 528.4 million euros (US$777.1 million) in 2005. In 2006, Finland exported US$1,062.1 million of medical devices, of which 64.2% was as medical equipment. As a result of these trade figures, Finland is one of only a few countries to have a positive trade balance.

Finland's domestic device manufacturing industry, comprising mainly small and specialised companies, has overall performed relatively well over the last few years as rising exports attest. Instrumentarium, Finland's largest device company by far, was de-listed from the Helsinki stock exchange when it was bought by General Electric in 2002 and is now integrated into the GE Medical Systems division.

Content

Background Data
- Geography
- Political Overview
- Economic Overview
  - Estimated/Projected GDP 2005-2012
- Population
  - Population, 1990-2006
  - Population by Region, 2000-2006
- Demographic Indicators
  - Demographic Indicators, 1997-2006
- Mortality
  - Registered Causes of Death, 2001-2006
- Morbidity
  - Reported Incidence of Infectious Diseases, 2002-2006
  - Reported Cases of HIV & AIDS, and AIDS Related Deaths, 1995-2006
- Charts
  - Map of Finland
  - Population by Age Group, 2005 (%)
  - Leading Causes of Death, 2006 (%)
Healthcare System
- Organisation & Administration
- Health Expenditure
  - Health Expenditure at Current Prices, 1985-2005 (million euros)
  - Health Expenditure by Category, 1999-2005 (million euros)
- Hospital Services
  - Hospitals by Type, 1998
  - Hospital Beds, 1993-2003
    - Hospital Activity
  - Inpatient Activity Summary, 1990-2006
  - Average Length of Stay by Healthcare Provision, 2006
  - Primary Healthcare Inpatient Average Length of Stay by Cause, 1996-2006 (days)
  - Specialised Healthcare Inpatient Average Length of Stay by Cause, 1998-2006 (days)
  - Inpatient Primary Healthcare Patient Numbers by Cause, 2002-2006
  - Inpatient Primary Healthcare Patient Days by Cause, 2002-2006
  - Inpatient Specialised Healthcare Patient Numbers by Cause, 2002-2006
  - Inpatient Specialised Healthcare Patient Days by Cause, 2002-2006
    - Hospital Procedures
  - Patient Numbers for Operations & Procedures by Category, 1997-2006
  - Certain Surgical Procedures, 1997-2006
  - Average Length of Stay for Common Operations & Procedures, 1997-2006 (days)
- Ambulatory Care
  - Outpatient Visits to Health Centres by Type of Activity, 2001-2006
  - Outpatient Visits to Specialist Outpatient Centres by Major Specialty, 2000-2006
  - Dental Visits, 2000-2006
- Medical Personnel
  - Municipal Healthcare Professionals of Working Age, 2005-2006
  - Municipal Healthcare Professionals of Working Age, 1990-2006
  - Physicians of Working Age by Specialty, 2004
- Charts
  - Health Expenditure by Category, 2005 (%)
  - Health Expenditure, 1987-2005
  - Total Admissions and ALOS, 1990-2005
Accessing The Medical Device Market
- Introduction
- Regulatory Environment
  - Competent Authorities
  - Notified Bodies
- Trade Fairs
- Distributors
  - FUCHS MEDICAL
  - INTRACOR MEDICAL
  - JR MEDICAL
  - MEDITEAM
  - MEDITH
  - ORIOLA OY MEDICAL
  - OTO EUROPE
  - SONAR
  - SPIRA RESPIRATORY CARE CENTER
  - STERIPOLAR
  - SYDIS INTERNATIONAL
  - TAMRO GROUP
  - WL-MEDICAL
- Domestic Production
  - Domestic Medical Device Production, 2001-2005 (000 Euros)
    - Domestic Producers
- Directory
  - Healthcare Organisations