| Product Code: ETC7904503 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see a steady increase in antipsychotics import shipments, with top exporting countries being Lithuania, Netherlands, Switzerland, Poland, and Germany. The market concentration, as measured by the HHI, remained low in 2024, indicating a diverse range of sources for these imports. The compound annual growth rate (CAGR) from 2020 to 2024 was a strong 8.6%, with a notable growth rate of 7.03% from 2023 to 2024. This data suggests a sustained demand for antipsychotics in Latvia and a competitive market landscape among the exporting countries.

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 Antipsychotics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Antipsychotics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Antipsychotics Market - Industry Life Cycle |
3.4 Latvia Antipsychotics Market - Porter's Five Forces |
3.5 Latvia Antipsychotics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Antipsychotics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Antipsychotics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about mental health disorders in Latvia |
4.2.2 Growing government initiatives to improve mental healthcare services |
4.2.3 Rise in the incidence of psychiatric disorders in the population |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for the approval and marketing of antipsychotic drugs |
4.3.2 High cost associated with advanced antipsychotic medications |
4.3.3 Potential side effects and safety concerns related to long-term use of antipsychotics |
5 Latvia Antipsychotics Market Trends |
6 Latvia Antipsychotics Market, By Types |
6.1 Latvia Antipsychotics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Antipsychotics Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Antipsychotics Market Revenues & Volume, By First Generation, 2021- 2031F |
6.1.4 Latvia Antipsychotics Market Revenues & Volume, By Second Generation, 2021- 2031F |
6.1.5 Latvia Antipsychotics Market Revenues & Volume, By Third Generation, 2021- 2031F |
6.2 Latvia Antipsychotics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Antipsychotics Market Revenues & Volume, By Schizophrenia, 2021- 2031F |
6.2.3 Latvia Antipsychotics Market Revenues & Volume, By Bipolar Disorder, 2021- 2031F |
6.2.4 Latvia Antipsychotics Market Revenues & Volume, By Unipolar Depression, 2021- 2031F |
6.2.5 Latvia Antipsychotics Market Revenues & Volume, By Dementia, 2021- 2031F |
6.2.6 Latvia Antipsychotics Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Antipsychotics Market Import-Export Trade Statistics |
7.1 Latvia Antipsychotics Market Export to Major Countries |
7.2 Latvia Antipsychotics Market Imports from Major Countries |
8 Latvia Antipsychotics Market Key Performance Indicators |
8.1 Number of psychiatrists per capita in Latvia |
8.2 Rate of prescription of antipsychotic medications |
8.3 Patient adherence to antipsychotic treatment |
8.4 Research and development investments in new antipsychotic drugs |
8.5 Number of mental health facilities and clinics offering antipsychotic treatment |
9 Latvia Antipsychotics Market - Opportunity Assessment |
9.1 Latvia Antipsychotics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Antipsychotics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Antipsychotics Market - Competitive Landscape |
10.1 Latvia Antipsychotics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Antipsychotics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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