Artificial parts of the body market in Finland

Earlier Report Observations

The market value for artificial parts of the body in Finland expanded from approximately 71 million USD in 2018 to a high of 85 million USD in 2021. This growth was followed by a contraction to 74 million USD in 2024, indicating a volatile period after the peak.

Domestic production more than doubled over the seven-year span, rising from 3.4 million USD to 6.9 million USD. Imports, which constitute the bulk of supply, peaked at 87 million USD in 2021 before falling to 81 million USD in 2024. Simultaneously, exports saw a substantial increase, particularly in 2024 when they reached 13.6 million USD, up from 8.3 million USD in 2018.

The decline in market size after 2021 coincided with reduced import volumes and a sharp rise in exports, which offset the steady growth in domestic production.

Production artificial parts of the body in Finland

In value, 2017-2020, K $ US

In Finland, the production value of artificial body parts reached 4 537 thousand US dollars in 2020, marking a significant 60.1% increase compared to the previous year. Looking at the period from 2017 to 2020, production grew by 54.5%, with an average annual growth rate of 15.6%. The lowest production value was recorded in 2019 at 2 834 thousand US dollars, which also saw the largest decline of 16.7% during this timeframe.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Exports artificial parts of the body from Finland

Exports in kind, kg

Following a two-year decline, Finland's export volume of artificial body parts rebounded in 2020, reaching 4 178 kilograms. This represented a dramatic 59.7% increase compared to 2019. Over the 2017-2020 period, however, exports decreased by 7.3%, with an average annual decline of 2.5%. The lowest export volume was recorded in 2019 at 2 617 kilograms, which also experienced the largest drop of 39.4%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, kg

From 2017 to 2020, Sweden, Latvia, and Estonia were the leading destinations for Finland's exports of artificial body parts in volume terms. Sweden accounted for 46.6% of exports, Latvia for 16.2%, and Estonia for 13.8%. Together, these three countries represented 76.6% of Finland's total export flows in this category.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

After a two-year fall, Finland's exports of artificial body parts in value terms increased in 2020, totaling 6 979 thousand US dollars. This was a 9.4% rise compared to 2019. Over the 2017-2020 period, exports decreased by 19.3%, with an average annual decline of 6.9%. The lowest export value was recorded in 2019 at 6 380 thousand US dollars, which also saw the largest decline of 23.5%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

From 2017 to 2020, Sweden, Estonia, and Latvia remained the primary buyers of artificial body parts from Finland in value terms. Sweden accounted for 36.1% of exports, Estonia for 22.8%, and Latvia for 21.4%. Collectively, these three countries formed 80.3% of Finland's total export value in this sector.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports artificial parts of the body to Finland

Imports in kind, kg

The import volume of artificial body parts into Finland showed an unstable trend from 2017 to 2020. Volumes peaked in 2017 and fell to their lowest point in 2019, with a threefold difference between these years. In 2020, imports rebounded to 64 210 kilograms, a substantial 172.7% increase year-over-year. The minimum import volume was recorded in 2019 at 23 544 kilograms, which also experienced the largest decline of 64.4%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, kg

Between 2017 and 2020, the United States, Sweden, and Germany were the largest contributors to Finland's imports of artificial body parts in volume terms. The United States accounted for 32.8% of imports, Sweden for 16.9%, and Germany for 16.1%. Together, these three countries made up 65.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's imports of artificial body parts in value terms increased for the third consecutive year in 2020, reaching 79 145 thousand US dollars. This figure was nearly unchanged from 2019. Over the 2017-2020 period, imports grew by 10.9%, with an average annual growth rate of 3.5%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, the United States, Sweden, and Germany continued to be the main suppliers of artificial body parts to Finland in value terms. The United States accounted for 56.4% of imports, Sweden for 13.6%, and Germany for 7.4%. Collectively, these three countries formed 77.4% of Finland's total import value in this category.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020