| 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 |
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.

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 |