| Product Code: ETC7904991 | 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 significant import shipments of automated radiosynthesis modules, with top exporting countries being the USA, China, Germany, Belgium, and the Netherlands. The market maintained high concentration levels with a high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 1.44% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -37.33%, indicating a potential shift in market dynamics or external factors impacting the industry`s performance.

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 Automated Radiosynthesis Module Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automated Radiosynthesis Module Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automated Radiosynthesis Module Market - Industry Life Cycle |
3.4 Latvia Automated Radiosynthesis Module Market - Porter's Five Forces |
3.5 Latvia Automated Radiosynthesis Module Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Automated Radiosynthesis Module Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Automated Radiosynthesis Module Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for radiopharmaceuticals for diagnostic imaging and therapy purposes |
4.2.2 Technological advancements in automated radiosynthesis modules leading to improved efficiency and accuracy |
4.2.3 Growing investments in healthcare infrastructure in Latvia supporting the adoption of automated radiosynthesis modules |
4.3 Market Restraints |
4.3.1 High initial setup costs associated with automated radiosynthesis modules |
4.3.2 Regulatory challenges and compliance requirements in the healthcare sector |
4.3.3 Limited awareness and understanding of the benefits of automated radiosynthesis modules among healthcare professionals in Latvia |
5 Latvia Automated Radiosynthesis Module Market Trends |
6 Latvia Automated Radiosynthesis Module Market, By Types |
6.1 Latvia Automated Radiosynthesis Module Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Fully Automated, 2021- 2031F |
6.1.4 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Semi-Automated, 2021- 2031F |
6.2 Latvia Automated Radiosynthesis Module Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Diagnostic Labs, 2021- 2031F |
6.2.4 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Radiology Clinics, 2021- 2031F |
6.2.5 Latvia Automated Radiosynthesis Module Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
7 Latvia Automated Radiosynthesis Module Market Import-Export Trade Statistics |
7.1 Latvia Automated Radiosynthesis Module Market Export to Major Countries |
7.2 Latvia Automated Radiosynthesis Module Market Imports from Major Countries |
8 Latvia Automated Radiosynthesis Module Market Key Performance Indicators |
8.1 Average processing time per radiopharmaceutical synthesis |
8.2 Percentage increase in the number of radiopharmaceutical doses produced using automated radiosynthesis modules |
8.3 Adoption rate of automated radiosynthesis modules among radiopharmaceutical manufacturers in Latvia |
9 Latvia Automated Radiosynthesis Module Market - Opportunity Assessment |
9.1 Latvia Automated Radiosynthesis Module Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Automated Radiosynthesis Module Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Automated Radiosynthesis Module Market - Competitive Landscape |
10.1 Latvia Automated Radiosynthesis Module Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automated Radiosynthesis Module 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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