| Product Code: ETC7906666 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to heavily rely on insulin imports from key countries such as Metropolitan France, Germany, Lithuania, Poland, and the USA. Despite a significant growth rate with a CAGR of 43.42% from 2020 to 2024, the market experienced a sharp decline in growth from 2023 to 2024 at -57.01%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges and opportunities for market players in the insulin import industry in Latvia.

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 CIS Insulin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia CIS Insulin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia CIS Insulin Market - Industry Life Cycle |
3.4 Latvia CIS Insulin Market - Porter's Five Forces |
3.5 Latvia CIS Insulin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia CIS Insulin Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia CIS Insulin Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 Latvia CIS Insulin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of diabetes in Latvia and CIS countries |
4.2.2 Growing awareness about the importance of insulin therapy for diabetes management |
4.2.3 Technological advancements in insulin delivery devices and formulations |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for insulin approval and market entry |
4.3.2 High cost associated with insulin therapy and related devices |
4.3.3 Limited access to healthcare facilities in some regions of Latvia and CIS countries |
5 Latvia CIS Insulin Market Trends |
6 Latvia CIS Insulin Market, By Types |
6.1 Latvia CIS Insulin Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia CIS Insulin Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia CIS Insulin Market Revenues & Volume, By Type I Diabetes, 2021- 2031F |
6.1.4 Latvia CIS Insulin Market Revenues & Volume, By Type II Diabetes, 2021- 2031F |
6.2 Latvia CIS Insulin Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia CIS Insulin Market Revenues & Volume, By Rapid Acting, 2021- 2031F |
6.2.3 Latvia CIS Insulin Market Revenues & Volume, By Long Acting, 2021- 2031F |
6.2.4 Latvia CIS Insulin Market Revenues & Volume, By Short Acting, 2021- 2031F |
6.2.5 Latvia CIS Insulin Market Revenues & Volume, By Intermediate Acting, 2021- 2031F |
6.2.6 Latvia CIS Insulin Market Revenues & Volume, By Premixed, 2021- 2031F |
6.3 Latvia CIS Insulin Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Latvia CIS Insulin Market Revenues & Volume, By Analog, 2021- 2031F |
6.3.3 Latvia CIS Insulin Market Revenues & Volume, By Human Recombinant, 2021- 2031F |
7 Latvia CIS Insulin Market Import-Export Trade Statistics |
7.1 Latvia CIS Insulin Market Export to Major Countries |
7.2 Latvia CIS Insulin Market Imports from Major Countries |
8 Latvia CIS Insulin Market Key Performance Indicators |
8.1 Percentage of diabetic population in Latvia and CIS countries using insulin therapy |
8.2 Adoption rate of advanced insulin delivery devices in the market |
8.3 Number of research and development initiatives focused on improving insulin formulations and delivery methods |
9 Latvia CIS Insulin Market - Opportunity Assessment |
9.1 Latvia CIS Insulin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia CIS Insulin Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia CIS Insulin Market Opportunity Assessment, By Source, 2021 & 2031F |
10 Latvia CIS Insulin Market - Competitive Landscape |
10.1 Latvia CIS Insulin Market Revenue Share, By Companies, 2024 |
10.2 Latvia CIS Insulin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |