| Product Code: ETC5261534 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The market for corticosteroid imports in Latvia saw a significant increase in concentration in 2024, with top exporters being Belgium, Metropolitan France, Estonia, Hungary, and Slovenia. Despite a declining Compound Annual Growth Rate (CAGR) of -12.27% from 2020 to 2024, the industry experienced a steep decline in growth rate from 2023 to 2024 at -49.47%. This suggests a challenging environment for corticosteroid importers in Latvia, potentially influenced by various market factors impacting the industry. It will be crucial for stakeholders to closely monitor these trends and adapt their strategies accordingly.

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 Corticosteroid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Corticosteroid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Corticosteroid Market - Industry Life Cycle |
3.4 Latvia Corticosteroid Market - Porter's Five Forces |
3.5 Latvia Corticosteroid Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Corticosteroid Market Revenues & Volume Share, By Administration, 2021 & 2031F |
3.7 Latvia Corticosteroid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Corticosteroid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic respiratory diseases in Latvia |
4.2.2 Growing awareness about the benefits of corticosteroids in managing various inflammatory conditions |
4.2.3 Rising healthcare expenditure and investments in healthcare infrastructure in Latvia |
4.3 Market Restraints |
4.3.1 Stringent regulations and restrictions on the use of corticosteroids |
4.3.2 Potential side effects and safety concerns associated with long-term corticosteroid use |
4.3.3 Competition from alternative treatment options such as non-steroidal anti-inflammatory drugs (NSAIDs) and biologics |
5 Latvia Corticosteroid Market Trends |
6 Latvia Corticosteroid Market Segmentations |
6.1 Latvia Corticosteroid Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Corticosteroid Market Revenues & Volume, By Glucocorticoids, 2021-2031F |
6.1.3 Latvia Corticosteroid Market Revenues & Volume, By Mineralocorticoids, 2021-2031F |
6.2 Latvia Corticosteroid Market, By Administration |
6.2.1 Overview and Analysis |
6.2.2 Latvia Corticosteroid Market Revenues & Volume, By Topical Steroids, 2021-2031F |
6.2.3 Latvia Corticosteroid Market Revenues & Volume, By Inhaled Steroids, 2021-2031F |
6.2.4 Latvia Corticosteroid Market Revenues & Volume, By Oral Forms, 2021-2031F |
6.2.5 Latvia Corticosteroid Market Revenues & Volume, By Systemic Forms, 2021-2031F |
6.2.6 Latvia Corticosteroid Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Corticosteroid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Corticosteroid Market Revenues & Volume, By Rheumatology Indications, 2021-2031F |
6.3.3 Latvia Corticosteroid Market Revenues & Volume, By Skin Allergies, 2021-2031F |
6.3.4 Latvia Corticosteroid Market Revenues & Volume, By Endocrinology, 2021-2031F |
6.3.5 Latvia Corticosteroid Market Revenues & Volume, By Gastroenterology, 2021-2031F |
6.3.6 Latvia Corticosteroid Market Revenues & Volume, By Acute Respiratory Diseases, 2021-2031F |
6.3.7 Latvia Corticosteroid Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Corticosteroid Market Import-Export Trade Statistics |
7.1 Latvia Corticosteroid Market Export to Major Countries |
7.2 Latvia Corticosteroid Market Imports from Major Countries |
8 Latvia Corticosteroid Market Key Performance Indicators |
8.1 Prescription rate of corticosteroids by healthcare providers in Latvia |
8.2 Patient adherence and compliance to corticosteroid treatment regimens |
8.3 Number of clinical trials and research studies conducted on corticosteroids in Latvia |
9 Latvia Corticosteroid Market - Opportunity Assessment |
9.1 Latvia Corticosteroid Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Corticosteroid Market Opportunity Assessment, By Administration, 2021 & 2031F |
9.3 Latvia Corticosteroid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Corticosteroid Market - Competitive Landscape |
10.1 Latvia Corticosteroid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Corticosteroid 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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