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Pharmaceutical Product & Preparations Manufacturing in Finland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

FI-C21 August 2024 Factsheet

Revenue

€2.9bn

2019-2024 1.7 %
2024-2029 X.X %

Employees

5,268

2019-2024 2.0 %
2024-2029 X.X %

Businesses

34

2019-2024 1.2 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Pharmaceutical Product & Preparations Manufacturing in Finland market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Finland compared to Europe?

Country Benchmarking

Industry Data Finland

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#19 In Europe
Business
#24 In Europe
Employees
#26 In Europe
Wages
#20 In Europe

View industry report for Europe

The industry is an integral part of the pharmaceutical supply chain and the pharmaceutical sector's research and development process, with some of the largest pharma manufacturing companies across the globe being based in Europe. Over the five years through 2024, industry revenue is expected to fall at a compound annual rate of 1% to reach €613 billion, including a fall of 1.5% in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Pharmaceutical Product & Preparations Manufacturing in Finland

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024

There are no companies that hold a large enough market share in the Pharmaceutical Product & Preparations Manufacturing in Finland industry for IBISWorld to include in this product.

Top Questions Answered in this Report

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What is the market size of the Pharmaceutical Product & Preparations Manufacturing industry in Finland in 2024?

The market size of the Pharmaceutical Product & Preparations Manufacturing industry in Finland is €2.9bn in 2024.

How many businesses are there in the Pharmaceutical Product & Preparations Manufacturing in Finland industry in 2024?

There are 34 businesses in the Pharmaceutical Product & Preparations Manufacturing industry in Finland, which has grown at a CAGR of 1.2 % between 2019 and 2024.

Has the Pharmaceutical Product & Preparations Manufacturing industry in Finland grown or declined over the past 5 years?

The market size of the Pharmaceutical Product & Preparations Manufacturing industry in Finland has been growing at a CAGR of 1.7 % between 2019 and 2024.

What is the forecast growth of the Pharmaceutical Product & Preparations Manufacturing industry in Finland over the next 5 years?

Over the next five years, the Pharmaceutical Product & Preparations Manufacturing industry in Finland is expected to grow.

What does the Pharmaceutical Product & Preparations Manufacturing in Finland include?

Medicine containing iodine, vitamins and alkaloids and Antisera are part of the Pharmaceutical Product & Preparations Manufacturing industry.

How competitive is the Pharmaceutical Product & Preparations Manufacturing industry in Finland?

The level of competition is moderate and steady in the Pharmaceutical Product & Preparations Manufacturing industry in Finland.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Industry operators produce basic pharmaceutical products and pharmaceutical preparations, such as vaccines, antibiotics and antisera. Other activities include manufacturing medicinal chemical and botanical products.

Related Terms

ANTISERA GENERICS BIOSIMILARS

What's included in this industry?

Medicine containing iodine, vitamins and alkaloidsAntiseraMedicine containing hormonesVaccinesChemically pure sugar

Companies

Industry Code

ISIC 2006

21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations in Finland

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Pharmaceutical Product & Preparations Manufacturing in Finland industry?


Outlook

Analysis

What's driving the Pharmaceutical Product & Preparations Manufacturing in Finland industry outlook?


Volatility

Analysis

What influences volatility in the Pharmaceutical Product & Preparations Manufacturing in Finland industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Pharmaceutical Product & Preparations Manufacturing in Finland industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Geopolitical events have had a direct impact on the pharmaceutical industry. The Russia-Ukraine war and other geopolitical events are driving demand for specific medicines and medical products, like iodine and antisera.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Pharmaceutical Product & Preparations Manufacturing in Finland industry's products and services performing?

Analysis

What are innovations in the Pharmaceutical Product & Preparations Manufacturing in Finland industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Pharmaceutical Product & Preparations Manufacturing in Finland industry?


International Trade

Highlights

  • Total Imports into Finland
  • Total Exports into Finland
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The European pharmaceutical industry exhibits a significant level of concentration. A few major manufacturers dominate the market, highlighting the challenge for smaller companies to compete effectively.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Pharmaceutical Product & Preparations Manufacturing in Finland located?

Companies

Data Tables

Top 0 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The industry operates under strict and evolving regulatory frameworks. These ensure product safety and efficacy. Compliance with these regulations is paramount and companies must stay agile in adapting to changing policies to remain competitive.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Pharmaceutical Product & Preparations Manufacturing in Finland industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Extensive research and development investments are impacting profitability. The average industry profit margin is low despite revenue growth driven by the COVID-19 pandemic and vaccine introduction. The emphasis on research and large-scale trials is temporarily constraining profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Pharmaceutical Product & Preparations Manufacturing in Finland industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.