Orthopaedic and fracture appliances market in Finland

Earlier Report Observations

The Finnish market for orthopaedic and fracture appliances expanded steadily from 37.1 million USD in 2018 to a peak of 53.4 million USD in 2022. This growth was supported by rising import values, which increased from 37.2 million USD to 48.7 million USD over the five-year period, while domestic production more than doubled from 8.5 million USD to 13.3 million USD.

After 2022, the market size contracted to 50.1 million USD in 2023 and further to 46.0 million USD in 2024. This decline coincided with a sharp rise in export activity, which surged from 8.6 million USD in 2022 to 22.0 million USD in 2024, significantly reducing the net volume available domestically despite continued growth in imports and production.

Domestic production demonstrated consistent growth throughout the entire period, reaching 17.4 million USD in 2024. The market's overall contraction after 2022 was primarily a result of the rapidly expanding export sector, which altered the trade balance and reduced the net market size even as production and import values remained elevated.

Production orthopaedic and fracture appliances in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of orthopaedic and fracture appliances was valued at 9 335 thousand US dollars, marking an 18.3% decrease from the previous year. The minimum value was recorded in 2018 at 8 505 thousand US dollars, while the maximum occurred in 2019 at 11 427 thousand US dollars. The largest increase was in 2019, with a 34.3% rise. Overall, from 2017 to 2020, production grew by 7.2%, averaging an annualized rate of 2.3%.

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

Exports orthopaedic and fracture appliances from Finland

Exports in kind, t

Finland's exports of orthopaedic and fracture appliances showed significant fluctuations during this period. The maximum volume was recorded in 2018 at 20.4 tonnes, while the minimum was in 2019 at 6.6 tonnes, representing a 3.1-fold difference between these years. The largest increase occurred in 2018 with a 96.4% rise, and the largest decline was in 2019 at 67.8%. In 2020, exports reached 10.3 tonnes, a 55.8% increase from 2019.

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

From 2017 to 2020, Russia, Sweden, and Germany were the primary destinations for Finland's orthopaedic and fracture appliance exports in kind. Russia accounted for 29.9% of exports, Sweden for 18.2%, and Germany for 11.2%. Together, these three countries represented 59.3% of total exports in kind.

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

Finland's exports of orthopaedic and fracture appliances in value terms declined for the second consecutive year. In 2020, exports were recorded at 5 802 thousand US dollars, a modest 5.4% decrease from the previous year. The maximum value was in 2018 at 8 670 thousand US dollars. The largest increase occurred in 2018 with a 22.4% rise, while the largest decline was in 2019 at 29.3%. Overall, from 2017 to 2020, exports decreased by 18.1%, averaging an annualized decline of 6.4%.

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

Throughout 2017 to 2020, Estonia, Russia, and Sweden formed the core group of markets for Finland's orthopaedic and fracture appliance exports in value terms. Estonia accounted for 26.7% of exports, Russia for 22.1%, and Sweden for 12.7%. Collectively, these three countries represented 61.5% of total export flows.

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

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

Imports orthopaedic and fracture appliances to Finland

Imports in kind, t

Import levels of orthopaedic and fracture appliances in Finland were highly volatile during these years. The maximum volume was recorded in 2018 at 226.5 tonnes, while the minimum was in 2019 at 35.8 tonnes, resulting in a 6.3-fold difference. The largest decline occurred in 2019 with an 84.2% drop. In 2020, imports totaled 149.6 tonnes, a 318.5% increase from 2019.

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

From 2017 to 2020, Sweden, China, and the United States were the largest contributors to Finland's imports of orthopaedic and fracture appliances in kind. Sweden accounted for 25.3% of imports, China for 15.9%, and the United States for 11.5%. Together, these three countries made up 52.6% 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

In 2020, Finland's imports of orthopaedic and fracture appliances in value terms totaled 41 997 thousand US dollars, a 13.4% increase from the previous year. The largest decline was recorded in 2019 at 0.5%. Overall, from 2017 to 2020, imports grew by 26.2%, averaging an annualized rate of 8.1%.

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

From 2017 to 2020, the United States, Switzerland, and Sweden were the main suppliers of orthopaedic and fracture appliances to Finland in value terms. The United States accounted for 35.5% of imports, Switzerland for 18.1%, and Sweden for 13.4%. Collectively, these three countries comprised 67.0% of total imports.

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

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