Electro diagnostic and imaging apparatus for medical, surgical, dental or veterinary use market in Finland

Earlier Report Observations

Between 2018 and 2020, the market for electro-diagnostic and imaging apparatus in Finland expanded from $132.1 million to $194.5 million. Market activity peaked in 2019, supported by sector investments and expansions, which laid the groundwork for further growth.

Following a contraction to $123.5 million in 2021, the market recovered to $137.1 million in 2022, driven by strategic partnerships such as the collaboration between Finnish company Planmeca and Henry Schein to advance digital imaging technology, alongside rising consumer preference for preventive healthcare and digital diagnostics. A modest increase to $140.5 million continued in 2023.

In 2024, the market surged to $190.7 million, fueled by the launch of advanced imaging systems like Carestream Dental's CS 8200 3D Access, widespread adoption of digital imaging and CAD/CAM technology in clinics, and regulatory trends promoting outpatient care and diagnostic center investment. Growing consumer awareness and the integration of AI into imaging systems further accelerated demand.

Production electro diagnostic and imaging apparatus in Finland

In value, 2017-2020, M $ US

Finland's production of electrodiagnostic and imaging apparatus for medical, surgical, dental, or veterinary use rebounded after a two-year decline. In 2020, output reached 237.5 million US dollars, marking a robust 11.3% increase compared to the previous year. Over the 2017-2020 period, production grew by 3%, with an average annual growth rate of 1.0%. The lowest production value was recorded in 2019 at 213.4 million US dollars, which also saw the largest decline of 4.6%.

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

Exports electro diagnostic and imaging apparatus from Finland

Exports in kind, t

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2019 at 52.4 tonnes, which was 13.2 times lower than the peak in 2017. In 2020, cross-border shipments of electrodiagnostic and imaging apparatus for medical, surgical, dental, or veterinary use from Finland surged to 644.1 tonnes, representing a dramatic increase of 1,130.0% compared to the previous year. The largest decline of 91.8% was recorded in 2019.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Analysis of export volumes from 2017 to 2020 reveals a broad distribution across numerous markets. The United States accounted for 14.0% of exports, Germany for 11.5%, and the United Kingdom for 8.3%. Together, these three countries represented only 33.8% of total flows, with the remaining 66.2% going to other partners.

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, M $ US

Finland's exports of electrodiagnostic and imaging apparatus for medical, surgical, dental, or veterinary use increased after a two-year decline. In 2020, exports were valued at 245.6 million US dollars, a 12.9% year-over-year rise. The lowest export value was recorded in 2019 at 217.6 million US dollars, while the largest decline of 7.3% occurred in 2018.

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

The partner structure for export values from 2017 to 2020 remained fragmented. The United States accounted for 28.2% of exports, China for 8.1%, and Germany for 7.8%. Combined, these three countries represented 44.1% of total flows, with no single country holding a dominant share.

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

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

Imports electro diagnostic and imaging apparatus to Finland

Imports in kind, t

The market displayed an unstable trend throughout the timeframe. Import volumes reached their lowest point in 2019 at 49.2 tonnes, which was 14.2 times lower than the peak in 2020. In 2020, imports of electrodiagnostic and imaging apparatus for medical, surgical, dental, or veterinary use into Finland totaled 696.8 tonnes, a substantial increase of 1,315.2% compared to 2019. The largest decline of 90.9% was recorded in 2019.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, the three largest markets for import volumes were Germany, the United States, and Malaysia, which together accounted for 57.4% of total 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, M $ US

Finland imported approximately 202.6 million US dollars worth of electrodiagnostic and imaging apparatus for medical, surgical, dental, or veterinary use in 2020, a 45.7% increase year-over-year. Between 2017 and 2020, imports grew by 58.7%, equivalent to an annualized rate of 16.6%. The largest decline of 0.2% was recorded in 2019.

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

Over the 2017-2020 period, Germany, the United States, and the Netherlands emerged as the main markets for import values, accounting for 39.0%, 15.6%, and 7.7% of imports, respectively. Together, they represented 62.4% of total flows.

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

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