| Product Code: ETC11896693 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia continued to see significant import shipments of erectile dysfunction devices, with top exporters being Netherlands, Lithuania, Germany, Belgium, and China. Despite a slight decline in the overall market size with a negative CAGR of -0.44% from 2020 to 2024, there was a notable growth spurt in 2024 with a growth rate of 24.14% compared to the previous year. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential opportunities for market players to capitalize on this niche segment 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 Erectile Dysfunction Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Erectile Dysfunction Devices Market - Industry Life Cycle |
3.4 Latvia Erectile Dysfunction Devices Market - Porter's Five Forces |
3.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Latvia Erectile Dysfunction Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Latvia Erectile Dysfunction Devices Market Revenues & Volume Share, By Treatment Type, 2021 & 2031F |
3.8 Latvia Erectile Dysfunction Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Erectile Dysfunction Devices Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Erectile Dysfunction Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about erectile dysfunction and available treatment options in Latvia |
4.2.2 Growing elderly population in Latvia leading to a higher prevalence of erectile dysfunction |
4.2.3 Technological advancements in erectile dysfunction devices making them more effective and user-friendly |
4.3 Market Restraints |
4.3.1 Cultural stigma surrounding sexual health issues in Latvia may hinder open discussions and acceptance of erectile dysfunction devices |
4.3.2 High cost associated with erectile dysfunction devices may limit affordability for some individuals in Latvia |
4.3.3 Lack of reimbursement policies or insurance coverage for erectile dysfunction devices in Latvia |
5 Latvia Erectile Dysfunction Devices Market Trends |
6 Latvia Erectile Dysfunction Devices Market, By Types |
6.1 Latvia Erectile Dysfunction Devices Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Device Type, 2021 - 2031F |
6.1.3 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Vacuum Erection Devices, 2021 - 2031F |
6.1.4 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Penile Implants, 2021 - 2031F |
6.1.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By External Devices, 2021 - 2031F |
6.1.6 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Intra-urethral Devices, 2021 - 2031F |
6.2 Latvia Erectile Dysfunction Devices Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.2.3 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Clinics, 2021 - 2031F |
6.2.4 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Research Institutions, 2021 - 2031F |
6.2.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Home Care, 2021 - 2031F |
6.3 Latvia Erectile Dysfunction Devices Market, By Treatment Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Mechanical, 2021 - 2031F |
6.3.3 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Surgical, 2021 - 2031F |
6.3.4 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Non-Surgical, 2021 - 2031F |
6.3.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Pharmacological, 2021 - 2031F |
6.4 Latvia Erectile Dysfunction Devices Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Erectile Dysfunction Treatment, 2021 - 2031F |
6.4.3 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Male Sexual Dysfunction, 2021 - 2031F |
6.4.4 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Penile Rehabilitation, 2021 - 2031F |
6.4.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Erectile Dysfunction, 2021 - 2031F |
6.5 Latvia Erectile Dysfunction Devices Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Electric, 2021 - 2031F |
6.5.3 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Inflatable, 2021 - 2031F |
6.5.4 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Vacuum, 2021 - 2031F |
6.5.5 Latvia Erectile Dysfunction Devices Market Revenues & Volume, By Oral, 2021 - 2031F |
7 Latvia Erectile Dysfunction Devices Market Import-Export Trade Statistics |
7.1 Latvia Erectile Dysfunction Devices Market Export to Major Countries |
7.2 Latvia Erectile Dysfunction Devices Market Imports from Major Countries |
8 Latvia Erectile Dysfunction Devices Market Key Performance Indicators |
8.1 Percentage increase in the number of online searches related to erectile dysfunction devices in Latvia |
8.2 Number of partnerships or collaborations between healthcare providers and manufacturers of erectile dysfunction devices in Latvia |
8.3 Rate of adoption of telemedicine services for consultations related to erectile dysfunction in Latvia |
9 Latvia Erectile Dysfunction Devices Market - Opportunity Assessment |
9.1 Latvia Erectile Dysfunction Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Latvia Erectile Dysfunction Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Latvia Erectile Dysfunction Devices Market Opportunity Assessment, By Treatment Type, 2021 & 2031F |
9.4 Latvia Erectile Dysfunction Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Erectile Dysfunction Devices Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Erectile Dysfunction Devices Market - Competitive Landscape |
10.1 Latvia Erectile Dysfunction Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Erectile Dysfunction Devices 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.
To discover high-growth global markets and optimize your business strategy:
Click Here