| Product Code: ETC4952176 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
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.

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 |