Finland Home Healthcare Market Analysis

Finland Home Healthcare Market Analysis


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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.

ID: IN10FIHS010 CATEGORY: Healthcare Services GEOGRAPHY: Finland AUTHOR: Nandini Shah

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Finland Home Healthcare Market Executive Summary

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.

finland home healthcare market analysis

Market Dynamics

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.

Competitive Landscape

Key Players

  • Premium home Care services
  • Esperi Care
  • Nayap Services
  • Helenan Vanhainkodin Säätiö
  • Kuurojen Palvelusäätiö
  • VTKL – kotipalvelut
  • Vailla Vakinaista Asuntoa

Healthcare Policies and Regulatory Landscape

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

Home Healthcare Market Segmentation

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.

  • Testing, Screening, and Monitoring Device
  • Blood Glucose Monitors
  • Blood Glucose Monitors
  • Blood Pressure Monitors
  • Heart Rate Monitors
  • Temperature Monitors
  • Sleep Apnea Monitors
  • Coagulation Monitors
  • Ovulation and Pregnancy Test Kits
  • Pulse Oximeters
  • Home Hemoglobin A1C Test Kit
  • Therapeutic Home Healthcare Devices
  • Oxygen Delivery Systems
  • Nebulizers
  • Ventilators
  • Sleep Apnea Therapeutic Devices
  • Wound Care Products
  • IV Equipment
  • Dialysis Equipment
  • Insulin Delivery Devices
  • Inhalers
  • ?Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)
  • Mobility Assist
  • Walkers and Rollators
  • Wheelchairs
  • Canes
  • Crutches
  • ?Mobility Scooters

By Service Type (Revenue, USD Billion):

  • Skilled Nursing Services
  • Rehabilitation Therapy Services
  • Hospice and Palliative Care Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Infusion Therapy Services
  • Pregnancy Care Services?

By Indication Type (Revenue, USD Billion):

  • Cardiovascular Disorders & Hypertension
  • Diabetes
  • Respiratory Diseases
  • Pregnancy
  • Mobility Disorders
  • Hearing Disorders
  • Cancer
  • Wound Care
  • ?Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 17 April 2024
Updated by: Anish Swaminathan

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