| Product Code: ETC5317394 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s scientific instruments import market in 2024 continued to be dominated by top exporters such as Germany, China, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. Despite a remarkable compound annual growth rate (CAGR) of 17.05% from 2020 to 2024, there was a significant decline in growth rate in 2024 at -50.85%. This fluctuation suggests potential shifts in demand dynamics or external factors impacting the import market for scientific instruments in Latvia.

The Scientific Instruments market in Latvia is projected to grow at a stable growth rate of 3.30% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Scientific Instruments Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Scientific Instruments Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Scientific Instruments Market - Industry Life Cycle |
3.4 Latvia Scientific Instruments Market - Porter's Five Forces |
3.5 Latvia Scientific Instruments Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Scientific Instruments Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Scientific Instruments Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Scientific Instruments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in research and development |
4.2.2 Growing demand for advanced technologies in industries like healthcare and pharmaceuticals |
4.2.3 Rising focus on environmental monitoring and sustainability practices |
4.3 Market Restraints |
4.3.1 High initial investment costs for scientific instruments |
4.3.2 Lack of skilled professionals to operate complex scientific equipment |
4.3.3 Slow adoption rate of new technologies in certain industries |
5 Latvia Scientific Instruments Market Trends |
6 Latvia Scientific Instruments Market Segmentations |
6.1 Latvia Scientific Instruments Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Scientific Instruments Market Revenues & Volume, By Clinical Analyzers, 2021-2031F |
6.1.3 Latvia Scientific Instruments Market Revenues & Volume, By Analytical Instruments, 2021-2031F |
6.1.4 Latvia Scientific Instruments Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Scientific Instruments Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Scientific Instruments Market Revenues & Volume, By Research, 2021-2031F |
6.2.3 Latvia Scientific Instruments Market Revenues & Volume, By Clinical & Diagnostics, 2021-2031F |
6.2.4 Latvia Scientific Instruments Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Scientific Instruments Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Scientific Instruments Market Revenues & Volume, By Hospitals & Diagnostic Laboratories, 2021-2031F |
6.3.3 Latvia Scientific Instruments Market Revenues & Volume, By Pharmaceutical & Biotechnology Companies, 2021-2031F |
6.3.4 Latvia Scientific Instruments Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Scientific Instruments Market Import-Export Trade Statistics |
7.1 Latvia Scientific Instruments Market Export to Major Countries |
7.2 Latvia Scientific Instruments Market Imports from Major Countries |
8 Latvia Scientific Instruments Market Key Performance Indicators |
8.1 Number of research projects funded by the government |
8.2 Percentage increase in demand for specific types of scientific instruments |
8.3 Number of partnerships with research institutions for technology development and innovation |
9 Latvia Scientific Instruments Market - Opportunity Assessment |
9.1 Latvia Scientific Instruments Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Scientific Instruments Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Scientific Instruments Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Scientific Instruments Market - Competitive Landscape |
10.1 Latvia Scientific Instruments Market Revenue Share, By Companies, 2024 |
10.2 Latvia Scientific Instruments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |