Global Medical Technology R&D hub
Finnish health technology is globally renowned. Finland is one of only seven countries in the world that exports more health technology than it imports. The annual exports of Finnish health technologies were more than EUR 2 billion in 2016 with a compound annual growth rate (CAGR) of 9.7% between 2011–16 (Healthtech Finland).
Many leading global health technology companies have identified Finland as a health technology forerunner and have established R&D sites and Centers of Excellence in Finland, including GE healthcare, Thermo Fisher Scientific, Danaher, PerkinElmer and Bayer.
Finland is ranked #2 in the world in Industry-University collaboration, a fact valued by many medical technology companies that are developing new technologies and solutions in Finland. World-renowned expertise and research is available, for instance, in bioinformatics, diagnostics, oncology, neuroscience and diabetes. The establishment of testbed environments “living labs” in university hospitals and clinics answer industry’s needs for collaboration with healthcare providers and the acceleration of commercialization of new products.