The Finland home healthcare market was valued at $762 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1402 Mn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies, and the aging population. The market is segmented by component and product. Some key players in this market are Premium Home Care services, Esperi Care, Nayap Services, Helenan Vanhainkodin Säätiö, Kuurojen Palvelusäätiö, and others.
The Finland home healthcare market was valued at $762 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1402 Mn in 2030. The number of individuals over the age of 80 in Europe is expected to rise from 4.9% in 2016 to 13% in 2070. European nations must guarantee the availability and sufficiency of home care services to meet the demands of senior citizens. In comparison to other EU nations, Finland's population is aging quickly, and in the past eight years, services for older individuals have undergone a significant transformation. At the moment, 11% (63,366 citizens) of those over 75 (576,055 citizens) receive routine home care services.
The goal of home healthcare in Finland is to help individuals maintain their independence and quality of life while receiving necessary care in the comfort of their own homes. The services are typically provided by qualified healthcare professionals such as nurses, physical therapists, and home care assistants.
Market Growth Drivers
As the population of Finland ages, there is an increasing need for home healthcare services to support seniors who may have difficulty leaving their homes. Providing healthcare services in the home can be less expensive than hospital or long-term care facility stays, which drives demand for home healthcare services. any individuals prefer to receive care in the comfort of their own homes, which is driving growth in the home healthcare market. The Finnish government has implemented various policies and programs to support the growth of home healthcare, including funding for equipment and staff training, which has encouraged the development of this sector. Advances in technology have made it possible to provide a wider range of healthcare services in the home, which has led to increased demand for home healthcare services.
Market Restraints
There is a lack of standardization in the home healthcare industry, which can lead to variations in the quality of services provided. Some individuals may not have access to the necessary equipment or technology to receive the full range of home healthcare services, which can limit the effectiveness of these services. Providing care in the home can present challenges with regard to patient safety, including the risk of infection, falls, and other adverse events. There is a shortage of qualified healthcare professionals in Finland, which can make it difficult to provide consistent, high-quality home healthcare services. The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Finland home healthcare market.
Key Players
The Rai assessment for clients' holistic performance and service needs, is included in the 2021 Act on Supporting the Functional Capacity of the Older Population and Social and Health Services for Older Persons, which was revised in 2020. This explains the process of developing priority services for older individuals. Finland is undergoing health and social service reforms aiming at lowering health disparities, enhancing access to health and social services, and providing citizens with inexpensive services. Client advice, new home care operating models, technology utilization, and diversified housing choices for older adults are among the goals of future health and social service centers.
The Social Welfare reform aims to ensure that older people may live safely in their homes and receive the services they require. High-quality services are provided to elderly persons in their homes, tailored to their specific needs. The reform also intends to promote diverse and flexible housing options.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Device Type (Revenue, USD Billion):
Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.
By Service Type (Revenue, USD Billion):
By Indication Type (Revenue, USD Billion):
Methodology for Database Creation
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