Latvia Biotechnology Market (2025-2031) | Industry, Analysis, Trends, Competitive Landscape, Forecast, Share, Companies, Value, Segmentation, Growth, Size & Revenue, Outlook

Market Forecast By Application (Biopharmacy, Bioservices, Bioagri, Bioindustrial), By Technology (Fermentation, Tissue Regeneration, PCR, Nanobiotechnology, DNA Sequencing & Others) And Competitive Landscape
Product Code: ETC7906040 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Vasudha No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Biotechnology Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia`s biotechnology import market continued to be dominated by key exporters including Metropolitan France, Germany, Lithuania, Poland, and the USA. Despite a concerning high concentration with a high Herfindahl-Hirschman Index (HHI), the industry saw a remarkable compound annual growth rate (CAGR) of 43.42% from 2020 to 2024. However, the growth rate experienced a sharp decline of -57.01% from 2023 to 2024, indicating a potential shift in market dynamics. Stakeholders should closely monitor these trends for strategic decision-making in the Latvian biotechnology import sector.

Latvia Biotechnology Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Biotechnology Market Outlook
  • Market Size of Latvia Biotechnology Market, 2024
  • Forecast of Latvia Biotechnology Market, 2031
  • Historical Data and Forecast of Latvia Biotechnology Revenues & Volume for the Period 2021- 2031
  • Latvia Biotechnology Market Trend Evolution
  • Latvia Biotechnology Market Drivers and Challenges
  • Latvia Biotechnology Price Trends
  • Latvia Biotechnology Porter's Five Forces
  • Latvia Biotechnology Industry Life Cycle
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Biopharmacy for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Bioservices for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Bioagri for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Bioindustrial for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Fermentation for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Tissue Regeneration for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By PCR for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By Nanobiotechnology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Biotechnology Market Revenues & Volume By DNA Sequencing & Others for the Period 2021- 2031
  • Latvia Biotechnology Import Export Trade Statistics
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Technology
  • Latvia Biotechnology Top Companies Market Share
  • Latvia Biotechnology Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Biotechnology Company Profiles
  • Latvia Biotechnology Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Biotechnology Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Biotechnology Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Biotechnology Market - Industry Life Cycle

3.4 Latvia Biotechnology Market - Porter's Five Forces

3.5 Latvia Biotechnology Market Revenues & Volume Share, By Application, 2021 & 2031F

3.6 Latvia Biotechnology Market Revenues & Volume Share, By Technology, 2021 & 2031F

4 Latvia Biotechnology Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government investments in biotechnology research and development in Latvia

4.2.2 Growing demand for personalized medicine and healthcare solutions

4.2.3 Rise in collaborations and partnerships between local biotech companies and international firms

4.3 Market Restraints

4.3.1 Limited availability of skilled workforce in the biotechnology sector in Latvia

4.3.2 Challenges in obtaining regulatory approvals for biotechnology products

4.3.3 High research and development costs associated with biotech projects

5 Latvia Biotechnology Market Trends

6 Latvia Biotechnology Market, By Types

6.1 Latvia Biotechnology Market, By Application

6.1.1 Overview and Analysis

6.1.2 Latvia Biotechnology Market Revenues & Volume, By Application, 2021- 2031F

6.1.3 Latvia Biotechnology Market Revenues & Volume, By Biopharmacy, 2021- 2031F

6.1.4 Latvia Biotechnology Market Revenues & Volume, By Bioservices, 2021- 2031F

6.1.5 Latvia Biotechnology Market Revenues & Volume, By Bioagri, 2021- 2031F

6.1.6 Latvia Biotechnology Market Revenues & Volume, By Bioindustrial, 2021- 2031F

6.2 Latvia Biotechnology Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Biotechnology Market Revenues & Volume, By Fermentation, 2021- 2031F

6.2.3 Latvia Biotechnology Market Revenues & Volume, By Tissue Regeneration, 2021- 2031F

6.2.4 Latvia Biotechnology Market Revenues & Volume, By PCR, 2021- 2031F

6.2.5 Latvia Biotechnology Market Revenues & Volume, By Nanobiotechnology, 2021- 2031F

6.2.6 Latvia Biotechnology Market Revenues & Volume, By DNA Sequencing & Others, 2021- 2031F

7 Latvia Biotechnology Market Import-Export Trade Statistics

7.1 Latvia Biotechnology Market Export to Major Countries

7.2 Latvia Biotechnology Market Imports from Major Countries

8 Latvia Biotechnology Market Key Performance Indicators

8.1 Number of research grants awarded by the Latvian government for biotechnology projects

8.2 Percentage increase in the number of patents filed by Latvian biotech companies

8.3 Growth in the number of clinical trials conducted in Latvia for biotechnology products

9 Latvia Biotechnology Market - Opportunity Assessment

9.1 Latvia Biotechnology Market Opportunity Assessment, By Application, 2021 & 2031F

9.2 Latvia Biotechnology Market Opportunity Assessment, By Technology, 2021 & 2031F

10 Latvia Biotechnology Market - Competitive Landscape

10.1 Latvia Biotechnology Market Revenue Share, By Companies, 2024

10.2 Latvia Biotechnology Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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