Latvia Magnetic Resonance Imaging Equipment Market (2025-2031) | Companies, Value, Growth, Outlook, Revenue, Trends, Forecast, Segmentation, Share, Size, Analysis & Industry

Market Forecast By Field Strength (High-field MRI systems (1.5T to 3T), 1.5T MRI systems, 3T MRI systems, Low-to-mid-field MRI systems (<1.5T), Very-high-field MRI systems (4T and above)), By Architecture (Closed MRI systems, Standard bore MRI, Wide bore MRI, Open MRI systems) And Competitive Landscape
Product Code: ETC4952176 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Latvia Magnetic Resonance Imaging Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to heavily rely on imports for magnetic resonance imaging equipment, with top exporters being Germany, Netherlands, Metropolitan France, China, and Belarus. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the compound annual growth rate (CAGR) from 2020-2024 was negative at -1.46%, with a significant decline in growth rate from 2023-24 at -38.88%. This suggests a challenging market environment for MRI equipment imports in Latvia, potentially impacted by various factors such as economic conditions and technological advancements.

Key Highlights of the Report:

  • Latvia Magnetic Resonance Imaging Equipment Market Outlook
  • Market Size of Latvia Magnetic Resonance Imaging Equipment Market, 2024
  • Forecast of Latvia Magnetic Resonance Imaging Equipment Market, 2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Revenues & Volume for the Period 2021-2031
  • Latvia Magnetic Resonance Imaging Equipment Market Trend Evolution
  • Latvia Magnetic Resonance Imaging Equipment Market Drivers and Challenges
  • Latvia Magnetic Resonance Imaging Equipment Price Trends
  • Latvia Magnetic Resonance Imaging Equipment Porter`s Five Forces
  • Latvia Magnetic Resonance Imaging Equipment Industry Life Cycle
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Field Strength for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By High-field MRI systems (1.5T to 3T) for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By 1.5T MRI systems for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By 3T MRI systems for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Low-to-mid-field MRI systems (<1.5T) for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Very-high-field MRI systems (4T and above) for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Architecture for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Closed MRI systems for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Standard bore MRI for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Wide bore MRI for the Period 2021-2031
  • Historical Data and Forecast of Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume By Open MRI systems for the Period 2021-2031
  • Latvia Magnetic Resonance Imaging Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Field Strength
  • Market Opportunity Assessment By Architecture
  • Latvia Magnetic Resonance Imaging Equipment Top Companies Market Share
  • Latvia Magnetic Resonance Imaging Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Magnetic Resonance Imaging Equipment Company Profiles
  • Latvia Magnetic Resonance Imaging Equipment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Magnetic Resonance Imaging Equipment Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Magnetic Resonance Imaging Equipment Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Magnetic Resonance Imaging Equipment Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Magnetic Resonance Imaging Equipment Market - Industry Life Cycle

3.4 Latvia Magnetic Resonance Imaging Equipment Market - Porter's Five Forces

3.5 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume Share, By Field Strength, 2021 & 2031F

3.6 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume Share, By Architecture, 2021 & 2031F

4 Latvia Magnetic Resonance Imaging Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for advanced medical imaging technologies for accurate diagnosis and treatment

4.2.2 Rising prevalence of chronic diseases driving the need for MRI equipment

4.2.3 Technological advancements leading to the development of more efficient and user-friendly MRI machines

4.3 Market Restraints

4.3.1 High cost of MRI equipment and maintenance limiting adoption rates

4.3.2 Limited healthcare budget allocation in Latvia impacting the affordability of MRI machines

4.3.3 Regulatory challenges and compliance requirements adding complexity to the market entry and operations

5 Latvia Magnetic Resonance Imaging Equipment Market Trends

6 Latvia Magnetic Resonance Imaging Equipment Market Segmentations

6.1 Latvia Magnetic Resonance Imaging Equipment Market, By Field Strength

6.1.1 Overview and Analysis

6.1.2 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By High-field MRI systems (1.5T to 3T), 2021-2031F

6.1.3 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By 1.5T MRI systems, 2021-2031F

6.1.4 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By 3T MRI systems, 2021-2031F

6.1.5 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Low-to-mid-field MRI systems (<1.5T), 2021-2031F

6.1.6 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Very-high-field MRI systems (4T and above), 2021-2031F

6.2 Latvia Magnetic Resonance Imaging Equipment Market, By Architecture

6.2.1 Overview and Analysis

6.2.2 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Closed MRI systems, 2021-2031F

6.2.3 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Standard bore MRI, 2021-2031F

6.2.4 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Wide bore MRI, 2021-2031F

6.2.5 Latvia Magnetic Resonance Imaging Equipment Market Revenues & Volume, By Open MRI systems, 2021-2031F

7 Latvia Magnetic Resonance Imaging Equipment Market Import-Export Trade Statistics

7.1 Latvia Magnetic Resonance Imaging Equipment Market Export to Major Countries

7.2 Latvia Magnetic Resonance Imaging Equipment Market Imports from Major Countries

8 Latvia Magnetic Resonance Imaging Equipment Market Key Performance Indicators

8.1 Average waiting time for MRI scans in healthcare facilities

8.2 Utilization rate of existing MRI equipment in Latvia

8.3 Rate of adoption of advanced MRI technologies in the country

9 Latvia Magnetic Resonance Imaging Equipment Market - Opportunity Assessment

9.1 Latvia Magnetic Resonance Imaging Equipment Market Opportunity Assessment, By Field Strength, 2021 & 2031F

9.2 Latvia Magnetic Resonance Imaging Equipment Market Opportunity Assessment, By Architecture, 2021 & 2031F

10 Latvia Magnetic Resonance Imaging Equipment Market - Competitive Landscape

10.1 Latvia Magnetic Resonance Imaging Equipment Market Revenue Share, By Companies, 2024

10.2 Latvia Magnetic Resonance Imaging Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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