| Product Code: ETC4836200 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The orthopedic prosthetic import market in Latvia continued to be dominated by top exporting countries such as Netherlands, Belgium, Lithuania, Sweden, and the UK in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), significantly increased from 2023 to 2024, indicating a very high level of concentration. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 13.57%, reflecting steady expansion in the market over the years. The market dynamics suggest a competitive landscape with potential for further growth and innovation.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Orthopedic Prosthetic Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Orthopedic Prosthetic Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Orthopedic Prosthetic Market - Industry Life Cycle |
3.4 Latvia Orthopedic Prosthetic Market - Porter's Five Forces |
3.5 Latvia Orthopedic Prosthetic Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Orthopedic Prosthetic Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Orthopedic Prosthetic Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Orthopedic Prosthetic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of orthopedic disorders and injuries in Latvia |
4.2.2 Technological advancements in orthopedic prosthetics leading to better patient outcomes |
4.2.3 Growing awareness about the benefits of orthopedic prosthetics among healthcare professionals and patients |
4.3 Market Restraints |
4.3.1 High cost associated with orthopedic prosthetics limiting adoption rates |
4.3.2 Limited reimbursement policies for orthopedic prosthetic devices in Latvia |
5 Latvia Orthopedic Prosthetic Market Trends |
6 Latvia Orthopedic Prosthetic Market Segmentations |
6.1 Latvia Orthopedic Prosthetic Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Upper Extremity Prosthetics, 2021-2031F |
6.1.3 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Lower Extremity Prosthetics, 2021-2031F |
6.1.4 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Sockets, 2021-2031F |
6.1.5 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Other Products, 2021-2031F |
6.2 Latvia Orthopedic Prosthetic Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Conventional, 2021-2031F |
6.2.3 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Electric-powered, 2021-2031F |
6.2.4 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Hybrid Orthopedic Prosthetics, 2021-2031F |
6.3 Latvia Orthopedic Prosthetic Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Hospitals, 2021-2031F |
6.3.3 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Prosthetic Centers, 2021-2031F |
6.3.4 Latvia Orthopedic Prosthetic Market Revenues & Volume, By Other End Users, 2021-2031F |
7 Latvia Orthopedic Prosthetic Market Import-Export Trade Statistics |
7.1 Latvia Orthopedic Prosthetic Market Export to Major Countries |
7.2 Latvia Orthopedic Prosthetic Market Imports from Major Countries |
8 Latvia Orthopedic Prosthetic Market Key Performance Indicators |
8.1 Average waiting time for orthopedic prosthetic fittings |
8.2 Patient satisfaction with the functionality and comfort of orthopedic prosthetics |
8.3 Number of orthopedic prosthetic procedures performed annually |
9 Latvia Orthopedic Prosthetic Market - Opportunity Assessment |
9.1 Latvia Orthopedic Prosthetic Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Orthopedic Prosthetic Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Orthopedic Prosthetic Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Orthopedic Prosthetic Market - Competitive Landscape |
10.1 Latvia Orthopedic Prosthetic Market Revenue Share, By Companies, 2024 |
10.2 Latvia Orthopedic Prosthetic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |