| Product Code: ETC11411893 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continues to see steady growth in the importation of artificial hip and knee joints, with key exporting countries being the Netherlands, Germany, Finland, Poland, and Lithuania. The market shows moderate concentration with a Herfindahl-Hirschman Index (HHI) indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 is a robust 11.07%, demonstrating sustained expansion in the industry. Additionally, the growth rate in 2024 alone is 1.64%, suggesting ongoing momentum in the importation of these medical devices into 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 Artificial Hip Knee Joints Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Artificial Hip Knee Joints Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Artificial Hip Knee Joints Market - Industry Life Cycle |
3.4 Latvia Artificial Hip Knee Joints Market - Porter's Five Forces |
3.5 Latvia Artificial Hip Knee Joints Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Artificial Hip Knee Joints Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Artificial Hip Knee Joints Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Artificial Hip Knee Joints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of osteoarthritis and other joint-related disorders in Latvia |
4.2.2 Technological advancements in artificial hip and knee joint products |
4.2.3 Growing healthcare infrastructure and investments in Latvia |
4.3 Market Restraints |
4.3.1 High cost associated with artificial hip and knee joint surgeries |
4.3.2 Limited reimbursement policies for these procedures in Latvia |
4.3.3 Risk of post-surgery complications and revision surgeries |
5 Latvia Artificial Hip Knee Joints Market Trends |
6 Latvia Artificial Hip Knee Joints Market, By Types |
6.1 Latvia Artificial Hip Knee Joints Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Hip Implants, 2021 - 2031F |
6.1.4 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Knee Implants, 2021 - 2031F |
6.1.5 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Hybrid Joints, 2021 - 2031F |
6.2 Latvia Artificial Hip Knee Joints Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Metal, 2021 - 2031F |
6.2.3 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Ceramic, 2021 - 2031F |
6.2.4 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Polymer, 2021 - 2031F |
6.3 Latvia Artificial Hip Knee Joints Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Orthopedic Clinics, 2021 - 2031F |
6.3.4 Latvia Artificial Hip Knee Joints Market Revenues & Volume, By Rehabilitation Centers, 2021 - 2031F |
7 Latvia Artificial Hip Knee Joints Market Import-Export Trade Statistics |
7.1 Latvia Artificial Hip Knee Joints Market Export to Major Countries |
7.2 Latvia Artificial Hip Knee Joints Market Imports from Major Countries |
8 Latvia Artificial Hip Knee Joints Market Key Performance Indicators |
8.1 Average waiting time for artificial hip and knee joint surgeries in Latvia |
8.2 Patient satisfaction rates post-surgery |
8.3 Number of orthopedic surgeons specializing in joint replacements in Latvia |
9 Latvia Artificial Hip Knee Joints Market - Opportunity Assessment |
9.1 Latvia Artificial Hip Knee Joints Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Artificial Hip Knee Joints Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Artificial Hip Knee Joints Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Artificial Hip Knee Joints Market - Competitive Landscape |
10.1 Latvia Artificial Hip Knee Joints Market Revenue Share, By Companies, 2024 |
10.2 Latvia Artificial Hip Knee Joints Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |