| Product Code: ETC5334684 | 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 |
In 2024, Latvia continued to import a significant amount of wound closure devices, with top exporting countries being Estonia, China, Sweden, Germany, and Netherlands. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 1.62% from 2020 to 2024, there was a decline in growth rate from 2023 to 2024 at -8.63%. This fluctuation in growth rate suggests potential shifts in market dynamics and highlights the importance of closely monitoring trends in the wound closure devices market in Latvia.

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 Wound Closure Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wound Closure Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wound Closure Devices Market - Industry Life Cycle |
3.4 Latvia Wound Closure Devices Market - Porter's Five Forces |
3.5 Latvia Wound Closure Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Wound Closure Devices Market Revenues & Volume Share, By Wound Type, 2021 & 2031F |
3.7 Latvia Wound Closure Devices Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Wound Closure Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic wounds in Latvia |
4.2.2 Growing geriatric population in the country |
4.2.3 Technological advancements in wound closure devices |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for approval of wound closure devices |
4.3.2 Limited awareness among healthcare professionals about advanced wound closure techniques |
5 Latvia Wound Closure Devices Market Trends |
6 Latvia Wound Closure Devices Market Segmentations |
6.1 Latvia Wound Closure Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wound Closure Devices Market Revenues & Volume, By Adhesives, 2021-2031F |
6.1.3 Latvia Wound Closure Devices Market Revenues & Volume, By Staples, 2021-2031F |
6.1.4 Latvia Wound Closure Devices Market Revenues & Volume, By Sutures, 2021-2031F |
6.1.5 Latvia Wound Closure Devices Market Revenues & Volume, By Strips, 2021-2031F |
6.1.6 Latvia Wound Closure Devices Market Revenues & Volume, By Sealants, 2021-2031F |
6.2 Latvia Wound Closure Devices Market, By Wound Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wound Closure Devices Market Revenues & Volume, By Chronic, 2021-2031F |
6.2.3 Latvia Wound Closure Devices Market Revenues & Volume, By Acute, 2021-2031F |
6.3 Latvia Wound Closure Devices Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Wound Closure Devices Market Revenues & Volume, By Hospital, 2021-2031F |
6.3.3 Latvia Wound Closure Devices Market Revenues & Volume, By Clinics, 2021-2031F |
6.3.4 Latvia Wound Closure Devices Market Revenues & Volume, By Trauma centers, 2021-2031F |
6.3.5 Latvia Wound Closure Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Wound Closure Devices Market Import-Export Trade Statistics |
7.1 Latvia Wound Closure Devices Market Export to Major Countries |
7.2 Latvia Wound Closure Devices Market Imports from Major Countries |
8 Latvia Wound Closure Devices Market Key Performance Indicators |
8.1 Number of wound closure procedures performed in Latvia |
8.2 Adoption rate of advanced wound closure devices in healthcare facilities |
8.3 Rate of complications post-wound closure procedures |
9 Latvia Wound Closure Devices Market - Opportunity Assessment |
9.1 Latvia Wound Closure Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Wound Closure Devices Market Opportunity Assessment, By Wound Type, 2021 & 2031F |
9.3 Latvia Wound Closure Devices Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Wound Closure Devices Market - Competitive Landscape |
10.1 Latvia Wound Closure Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wound Closure Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |