Healthtech industry in Finland

There is no official definition or single or universal industry classification in the health technology sector in Finland. Different organizations may have slightly different views on the industry depending on their own role or angle of entry into the topic.

In the health technology sector there is startup and growth companies, large companies, Finnish subsidiaries of international companies and healthcare service providers such as medical centres. These operators both manufacture, distribute and import medical and IVD devices as well as software and/or provide a variety of services (such as certification, auditing, consulting and training) to other companies in the industry.

Health technology is usually separated from welfare technology and the main reason for this is EU device regulation: (EU) 2017/745 (MD Regulation) and (EU) 2017/746 (IVD Regulation) which cover products with a medical purpose. Such products include medical devices, IVD devices and medical software. The medical purpose refers to prevention, diagnosis, treatment and monitoring of diseases. Health technology excludes for example products whose use is not related to medicine, but for measuring and monitoring human well-being.