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Industry revenue of »dispensing chemist in specialised stores« in Finland 2011-2023

Published by Statista Research Department, Mar 23, 2021
Revenues of the Finnish medicine retail industry are projected to grow from 2.6 billion U.S. dollars in 2011 to over 3.2 billion U.S. dollars by 2023. Some of the key reasons include a growing elderly population and the subsequent need for medicines, rising investments in research and development that have led to new medicine developments and the low retail cost of medicines. In fact, Finland along with the UK, France and Spain have the cheapest drug prices in the EU, according to a report from the Pharmaceutical Price Regulation Scheme. Humira is the best selling prescription pharmaceutical product in the country, having generated a sales revenue of nearly 47 million euros. Mabthera and Enrebel follow next in line respectively. With respect to OTC drugs, cough and cold remedies are the most popular, followed by analgesics and digestive & intestinal remedies.

Orion Pharma is the leading pharmaceutical company

The Finnish pharmaceutical company Orion Pharma generated a total sales revenue of nearly 300 million euros in 2016, making it the market leader in the pharmaceutical sector. GlaxoSmithKline, followed by Pfizer, Roche and MSD complete the top five respectively.

Industry revenue of »dispensing chemist in specialised stores« in Finland from 2011 to 2023 (in million U.S. Dollars)

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Finland. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

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