| Product Code: ETC7915092 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on imports of medical bandages, with top suppliers being Estonia, China, Sweden, Germany, and the Netherlands. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020-2024 was modest at 1.62%. However, there was a decline in growth rate from 2023-2024 at -8.63%, suggesting a potential slowdown in the market. The consistent presence of key exporting countries highlights the importance of monitoring market dynamics to anticipate future trends in the Latvian medical bandage import industry.

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 Medical Bandage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Medical Bandage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Medical Bandage Market - Industry Life Cycle |
3.4 Latvia Medical Bandage Market - Porter's Five Forces |
3.5 Latvia Medical Bandage Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Medical Bandage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Medical Bandage Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Medical Bandage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases and injuries driving the demand for medical bandages. |
4.2.2 Technological advancements leading to the development of innovative and advanced bandage products. |
4.2.3 Growing geriatric population in Latvia requiring more medical bandages for wound care. |
4.3 Market Restraints |
4.3.1 Stringent regulations and standards for medical devices impacting the market entry of new bandage products. |
4.3.2 Limited healthcare infrastructure and resources in certain regions of Latvia affecting the distribution and access to medical bandages. |
4.3.3 Competition from alternative wound care products such as hydrocolloid dressings or alginate dressings. |
5 Latvia Medical Bandage Market Trends |
6 Latvia Medical Bandage Market, By Types |
6.1 Latvia Medical Bandage Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Medical Bandage Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Medical Bandage Market Revenues & Volume, By Gauze bandage, 2021- 2031F |
6.1.4 Latvia Medical Bandage Market Revenues & Volume, By Adhesive bandage, 2021- 2031F |
6.1.5 Latvia Medical Bandage Market Revenues & Volume, By Cohesive bandages, 2021- 2031F |
6.1.6 Latvia Medical Bandage Market Revenues & Volume, By Elastic bandage, 2021- 2031F |
6.2 Latvia Medical Bandage Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Medical Bandage Market Revenues & Volume, By Surgical wounds, 2021- 2031F |
6.2.3 Latvia Medical Bandage Market Revenues & Volume, By Traumatic & laceration wounds, 2021- 2031F |
6.2.4 Latvia Medical Bandage Market Revenues & Volume, By Burns, 2021- 2031F |
6.2.5 Latvia Medical Bandage Market Revenues & Volume, By Ulcers, 2021- 2031F |
6.2.6 Latvia Medical Bandage Market Revenues & Volume, By Sport injuries, 2021- 2031F |
6.3 Latvia Medical Bandage Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Medical Bandage Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Latvia Medical Bandage Market Revenues & Volume, By Clinics, 2021- 2031F |
6.3.4 Latvia Medical Bandage Market Revenues & Volume, By Ambulatory surgical centers, 2021- 2031F |
7 Latvia Medical Bandage Market Import-Export Trade Statistics |
7.1 Latvia Medical Bandage Market Export to Major Countries |
7.2 Latvia Medical Bandage Market Imports from Major Countries |
8 Latvia Medical Bandage Market Key Performance Indicators |
8.1 Average selling price (ASP) of medical bandages. |
8.2 Number of patents filed for new bandage technologies. |
8.3 Adoption rate of advanced wound care products in healthcare facilities. |
8.4 Rate of hospital-acquired infections in Latvia and the use of bandages in prevention. |
8.5 Percentage of healthcare professionals trained in proper bandage application techniques. |
9 Latvia Medical Bandage Market - Opportunity Assessment |
9.1 Latvia Medical Bandage Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Medical Bandage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Medical Bandage Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Medical Bandage Market - Competitive Landscape |
10.1 Latvia Medical Bandage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Medical Bandage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |