| Product Code: ETC7904992 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady increase in the import of automated radiosynthesis modules, with top exporting countries being China, Germany, Austria, Netherlands, and Serbia. The market concentration, as measured by the HHI, remained at a moderate level, indicating a balanced competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 10.27%, with a respectable growth rate of 4.32% from 2023 to 2024. This data suggests a healthy demand for automated radiosynthesis modules in Latvia, driven by imports from key global players.

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 Modules Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automated Radiosynthesis Modules Market - Industry Life Cycle |
3.4 Latvia Automated Radiosynthesis Modules Market - Porter's Five Forces |
3.5 Latvia Automated Radiosynthesis Modules Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Automated Radiosynthesis Modules Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Automated Radiosynthesis Modules Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient and precise radiopharmaceutical production |
4.2.2 Technological advancements in automated radiosynthesis modules |
4.2.3 Rising investments in healthcare infrastructure in Latvia |
4.3 Market Restraints |
4.3.1 High initial setup costs for automated radiosynthesis modules |
4.3.2 Stringent regulatory requirements for radiopharmaceutical production |
4.3.3 Limited skilled workforce in operating automated radiosynthesis modules |
5 Latvia Automated Radiosynthesis Modules Market Trends |
6 Latvia Automated Radiosynthesis Modules Market, By Types |
6.1 Latvia Automated Radiosynthesis Modules Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Fully Automated, 2021- 2031F |
6.1.4 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Semi-Automated, 2021- 2031F |
6.2 Latvia Automated Radiosynthesis Modules Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Diagnostic Labs, 2021- 2031F |
6.2.4 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Radiology Clinics, 2021- 2031F |
6.2.5 Latvia Automated Radiosynthesis Modules Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
7 Latvia Automated Radiosynthesis Modules Market Import-Export Trade Statistics |
7.1 Latvia Automated Radiosynthesis Modules Market Export to Major Countries |
7.2 Latvia Automated Radiosynthesis Modules Market Imports from Major Countries |
8 Latvia Automated Radiosynthesis Modules Market Key Performance Indicators |
8.1 Average time reduction in radiopharmaceutical production process |
8.2 Percentage increase in the adoption of automated radiosynthesis modules |
8.3 Number of research and development collaborations for enhancing automated radiosynthesis technology |
9 Latvia Automated Radiosynthesis Modules Market - Opportunity Assessment |
9.1 Latvia Automated Radiosynthesis Modules Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Automated Radiosynthesis Modules Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Automated Radiosynthesis Modules Market - Competitive Landscape |
10.1 Latvia Automated Radiosynthesis Modules Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automated Radiosynthesis Modules 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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