| Product Code: ETC4929699 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely heavily on imports of bone densitometers, with top suppliers including Israel, Netherlands, Germany, Bulgaria, and the USA. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline with a compound annual growth rate (CAGR) of -8.21% from 2020 to 2024, and a sharp decrease in growth rate from 2023 to 2024 at -40.73%. This indicates challenges and fluctuations in the market, potentially impacted by various factors such as technological advancements and economic conditions.

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 Bone Densitometer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bone Densitometer Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bone Densitometer Market - Industry Life Cycle |
3.4 Latvia Bone Densitometer Market - Porter's Five Forces |
3.5 Latvia Bone Densitometer Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Bone Densitometer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Bone Densitometer Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Bone Densitometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about osteoporosis and bone health in Latvia |
4.2.2 Growing geriatric population in Latvia |
4.2.3 Technological advancements in bone densitometers |
4.2.4 Government initiatives to promote preventive healthcare |
4.2.5 Rising prevalence of osteoporosis in Latvia |
4.3 Market Restraints |
4.3.1 High cost associated with bone densitometer equipment |
4.3.2 Limited reimbursement policies for bone densitometry tests |
4.3.3 Lack of skilled professionals to operate bone densitometers |
4.3.4 Regulatory challenges in the healthcare sector in Latvia |
4.3.5 Competition from alternative diagnostic methods for osteoporosis |
5 Latvia Bone Densitometer Market Trends |
6 Latvia Bone Densitometer Market Segmentations |
6.1 Latvia Bone Densitometer Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bone Densitometer Market Revenues & Volume, By Dual Energy X-ray Absorptiometry (DXA), 2021-2031F |
6.1.3 Latvia Bone Densitometer Market Revenues & Volume, By Ultrasound, 2021-2031F |
6.1.4 Latvia Bone Densitometer Market Revenues & Volume, By Other Technologies, 2021-2031F |
6.2 Latvia Bone Densitometer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bone Densitometer Market Revenues & Volume, By Central Scan, 2021-2031F |
6.2.3 Latvia Bone Densitometer Market Revenues & Volume, By Peripheral Scan, 2021-2031F |
6.3 Latvia Bone Densitometer Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Bone Densitometer Market Revenues & Volume, By Hospitals, 2021-2031F |
6.3.3 Latvia Bone Densitometer Market Revenues & Volume, By Clinics, 2021-2031F |
6.3.4 Latvia Bone Densitometer Market Revenues & Volume, By Other Medical Facilities, 2021-2031F |
7 Latvia Bone Densitometer Market Import-Export Trade Statistics |
7.1 Latvia Bone Densitometer Market Export to Major Countries |
7.2 Latvia Bone Densitometer Market Imports from Major Countries |
8 Latvia Bone Densitometer Market Key Performance Indicators |
8.1 Average waiting time for bone densitometry tests |
8.2 Number of bone densitometry tests conducted per month |
8.3 Patient satisfaction with bone densitometry services |
8.4 Rate of adoption of new bone densitometry technologies |
8.5 Percentage of osteoporosis cases diagnosed at an early stage |
9 Latvia Bone Densitometer Market - Opportunity Assessment |
9.1 Latvia Bone Densitometer Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Bone Densitometer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Bone Densitometer Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Bone Densitometer Market - Competitive Landscape |
10.1 Latvia Bone Densitometer Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bone Densitometer 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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