| Product Code: ETC7907003 | 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 continued to rely on imports for cardiovascular and soft tissue repair patches, with top exporters including Estonia, China, Sweden, Germany, and Netherlands. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.77% from 2020 to 2024, there was a decline in growth rate from 2023 to 2024 at -8.62%. This suggests a potential slowdown in the market, highlighting the need for strategic adjustments and market diversification for stakeholders in the industry.

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 Cardiovascular & Soft Tissue Repair Patch Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market - Industry Life Cycle |
3.4 Latvia Cardiovascular & Soft Tissue Repair Patch Market - Porter's Five Forces |
3.5 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cardiovascular & Soft Tissue Repair Patch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing prevalence of cardiovascular diseases and soft tissue injuries in Latvia |
4.2.2 Increasing awareness about the benefits of using repair patches for cardiovascular and soft tissue surgeries |
4.2.3 Technological advancements in the development of cardiovascular and soft tissue repair patches |
4.3 Market Restraints |
4.3.1 Stringent regulations and approval processes for medical devices in Latvia |
4.3.2 Limited reimbursement policies for cardiovascular and soft tissue repair patches |
4.3.3 High cost associated with the procurement and utilization of advanced repair patches |
5 Latvia Cardiovascular & Soft Tissue Repair Patch Market Trends |
6 Latvia Cardiovascular & Soft Tissue Repair Patch Market, By Types |
6.1 Latvia Cardiovascular & Soft Tissue Repair Patch Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Synthetic Patch, 2021- 2031F |
6.1.4 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Biologic Patch, 2021- 2031F |
6.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.2.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.4 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Specialty Clinics, 2021- 2031F |
6.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Cardiovascular Repair, 2021- 2031F |
6.3.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenues & Volume, By Cardiac Reconstruction, 2021- 2031F |
7 Latvia Cardiovascular & Soft Tissue Repair Patch Market Import-Export Trade Statistics |
7.1 Latvia Cardiovascular & Soft Tissue Repair Patch Market Export to Major Countries |
7.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Imports from Major Countries |
8 Latvia Cardiovascular & Soft Tissue Repair Patch Market Key Performance Indicators |
8.1 Average procedure time reduction achieved by using repair patches |
8.2 Rate of successful surgeries with the implementation of repair patches |
8.3 Adoption rate of innovative cardiovascular and soft tissue repair patch technologies |
8.4 Patient satisfaction and recovery time post-surgery with the use of repair patches |
9 Latvia Cardiovascular & Soft Tissue Repair Patch Market - Opportunity Assessment |
9.1 Latvia Cardiovascular & Soft Tissue Repair Patch Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Latvia Cardiovascular & Soft Tissue Repair Patch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cardiovascular & Soft Tissue Repair Patch Market - Competitive Landscape |
10.1 Latvia Cardiovascular & Soft Tissue Repair Patch Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cardiovascular & Soft Tissue Repair Patch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |