| Product Code: ETC7907116 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of casting and splinting products to Latvia in 2024 continue to show a high concentration, with top exporting countries being Netherlands, Lithuania, Belgium, Sweden, and Estonia. The industry has seen steady growth with a CAGR of 10.74% from 2020 to 2024, and a growth rate of 3.06% from 2023 to 2024. This data indicates a strong demand for these medical devices in Latvia, showcasing a positive outlook for the market in the coming years.

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 Casting and Splinting Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Casting and Splinting Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Casting and Splinting Market - Industry Life Cycle |
3.4 Latvia Casting and Splinting Market - Porter's Five Forces |
3.5 Latvia Casting and Splinting Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Casting and Splinting Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Casting and Splinting Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Casting and Splinting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of musculoskeletal disorders and injuries driving the demand for casting and splinting products. |
4.2.2 Technological advancements leading to the development of innovative casting and splinting materials and techniques. |
4.2.3 Growing awareness about the benefits of early intervention and immobilization in the treatment of fractures and orthopedic conditions. |
4.3 Market Restraints |
4.3.1 High costs associated with casting and splinting materials and procedures limiting adoption, especially in lower-income segments. |
4.3.2 Limited availability of skilled healthcare professionals proficient in casting and splinting techniques. |
4.3.3 Stringent regulatory requirements and quality standards impacting market entry and product innovation. |
5 Latvia Casting and Splinting Market Trends |
6 Latvia Casting and Splinting Market, By Types |
6.1 Latvia Casting and Splinting Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Casting and Splinting Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Casting and Splinting Market Revenues & Volume, By Castings, 2021- 2031F |
6.1.4 Latvia Casting and Splinting Market Revenues & Volume, By Splitting, 2021- 2031F |
6.2 Latvia Casting and Splinting Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Casting and Splinting Market Revenues & Volume, By Fiberglass, 2021- 2031F |
6.2.3 Latvia Casting and Splinting Market Revenues & Volume, By Plaster of Paris, 2021- 2031F |
6.2.4 Latvia Casting and Splinting Market Revenues & Volume, By Polyester, 2021- 2031F |
6.2.5 Latvia Casting and Splinting Market Revenues & Volume, By Polyethylene, 2021- 2031F |
6.2.6 Latvia Casting and Splinting Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Casting and Splinting Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Casting and Splinting Market Revenues & Volume, By Hospitals/ Clinics, 2021- 2031F |
6.3.3 Latvia Casting and Splinting Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.3.4 Latvia Casting and Splinting Market Revenues & Volume, By Research & Development, 2021- 2031F |
7 Latvia Casting and Splinting Market Import-Export Trade Statistics |
7.1 Latvia Casting and Splinting Market Export to Major Countries |
7.2 Latvia Casting and Splinting Market Imports from Major Countries |
8 Latvia Casting and Splinting Market Key Performance Indicators |
8.1 Average waiting time for casting and splinting procedures in healthcare facilities. |
8.2 Patient satisfaction rates with casting and splinting services provided. |
8.3 Number of research and development initiatives focused on enhancing casting and splinting materials and techniques. |
8.4 Percentage of healthcare facilities offering casting and splinting services using advanced technologies. |
8.5 Rate of adoption of casting and splinting products in outpatient settings. |
9 Latvia Casting and Splinting Market - Opportunity Assessment |
9.1 Latvia Casting and Splinting Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Casting and Splinting Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Casting and Splinting Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Casting and Splinting Market - Competitive Landscape |
10.1 Latvia Casting and Splinting Market Revenue Share, By Companies, 2024 |
10.2 Latvia Casting and Splinting 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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