| Product Code: ETC7913338 | 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 see a significant concentration of import shipments for ingestible sensors, with top exporting countries being the USA, China, Germany, Belgium, and Poland. Despite a slight decrease in the HHI concentration index from very high to high in 2024, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -0.06% from 2020 to 2024. Furthermore, the growth rate in 2024 dropped by 38.1% compared to the previous year. These trends suggest a challenging market environment for ingestible sensor imports in Latvia, with potential implications for industry players and policymakers to navigate.

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 Ingestible Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ingestible Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ingestible Sensor Market - Industry Life Cycle |
3.4 Latvia Ingestible Sensor Market - Porter's Five Forces |
3.5 Latvia Ingestible Sensor Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Ingestible Sensor Market Revenues & Volume Share, By Sensor, 2021 & 2031F |
3.7 Latvia Ingestible Sensor Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Latvia Ingestible Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Ingestible Sensor Market Trends |
6 Latvia Ingestible Sensor Market, By Types |
6.1 Latvia Ingestible Sensor Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ingestible Sensor Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Latvia Ingestible Sensor Market Revenues & Volume, By Sensor, 2021- 2031F |
6.1.4 Latvia Ingestible Sensor Market Revenues & Volume, By Wearable Patch/ Data Recorder, 2021- 2031F |
6.1.5 Latvia Ingestible Sensor Market Revenues & Volume, By Software, 2021- 2031F |
6.2 Latvia Ingestible Sensor Market, By Sensor |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ingestible Sensor Market Revenues & Volume, By Temperature Sensor, 2021- 2031F |
6.2.3 Latvia Ingestible Sensor Market Revenues & Volume, By Pressure Sensor, 2021- 2031F |
6.2.4 Latvia Ingestible Sensor Market Revenues & Volume, By pH Sensor, 2021- 2031F |
6.2.5 Latvia Ingestible Sensor Market Revenues & Volume, By Image Sensor, 2021- 2031F |
6.3 Latvia Ingestible Sensor Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Latvia Ingestible Sensor Market Revenues & Volume, By Medical, 2021- 2031F |
6.3.3 Latvia Ingestible Sensor Market Revenues & Volume, By Sports, 2021- 2031F |
6.3.4 Latvia Ingestible Sensor Market Revenues & Volume, By Fitness, 2021- 2031F |
7 Latvia Ingestible Sensor Market Import-Export Trade Statistics |
7.1 Latvia Ingestible Sensor Market Export to Major Countries |
7.2 Latvia Ingestible Sensor Market Imports from Major Countries |
8 Latvia Ingestible Sensor Market Key Performance Indicators |
9 Latvia Ingestible Sensor Market - Opportunity Assessment |
9.1 Latvia Ingestible Sensor Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Ingestible Sensor Market Opportunity Assessment, By Sensor, 2021 & 2031F |
9.3 Latvia Ingestible Sensor Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Latvia Ingestible Sensor Market - Competitive Landscape |
10.1 Latvia Ingestible Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ingestible Sensor 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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