Hospitals - Finland

Finland

The Hospitals market in Finland is estimated to achieve a revenue of US$10.98bn by the year 2024.
It is expected to display a steady annual growth rate (CAGR 2024-2029) of 3.94%, resulting in a market volume of US$13.32bn by 2029.
Compared to other countries worldwide, United States is projected to generate the highest revenue, amounting to US$1,501.00bn in 2024.
Taking into account the total population, per person revenues of US$1.98k are anticipated in 2024.
Finland's hospitals are embracing advanced technology and digitalization to improve patient care and increase efficiency.

Key regions: United States, China, Germany, Japan, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

The Hospitals market in Finland has been experiencing significant growth in recent years.

Customer preferences: Finland's aging population is driving demand for healthcare services, including hospital care. Additionally, the country's universal healthcare system ensures that all citizens have access to hospital care, which further fuels demand. Patients in Finland also tend to prefer hospitals that offer specialized care and the latest medical technologies.

Trends in the market: One trend in the Finnish Hospitals market is the consolidation of hospitals. This is due to a combination of factors, including the need to reduce costs and the desire to improve the quality of care by pooling resources. Another trend is the increasing use of digital technologies in hospitals, such as electronic health records and telemedicine. This is driven by the need to improve efficiency and reduce costs, as well as the desire to improve patient outcomes.

Local special circumstances: Finland has a highly decentralized healthcare system, with responsibility for healthcare services divided between the central government, municipalities, and hospital districts. This can create challenges in terms of coordination and resource allocation, but it also allows for local flexibility and innovation.

Underlying macroeconomic factors: Finland's strong economy and high level of social welfare spending support the growth of the Hospitals market. However, the country's aging population and rising healthcare costs pose challenges for the sustainability of the healthcare system. Additionally, the Finnish government has been implementing healthcare reforms aimed at improving efficiency and reducing costs, which could impact the Hospitals market in the future.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.