| Product Code: ETC5686849 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to import medical electrodes primarily from the Netherlands, Germany, Lithuania, Estonia, and Belgium. The market showed moderate concentration with a Herfindahl-Hirschman Index (HHI) in 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -24.02%, indicating a challenging market environment. Additionally, the growth rate from 2023 to 2024 saw a further decline at -9.65%, suggesting a continued slowdown in import shipments of medical electrodes to Latvia.

By 2027, the Medical Electrodes market in Latvia is anticipated to reach a growth rate of 3.16%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Electrodes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Medical Electrodes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Medical Electrodes Market - Industry Life Cycle |
3.4 Latvia Medical Electrodes Market - Porter's Five Forces |
3.5 Latvia Medical Electrodes Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Medical Electrodes Market Revenues & Volume Share, By Usability, 2021 & 2031F |
3.7 Latvia Medical Electrodes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Medical Electrodes Market Revenues & Volume Share, By Diagnostic Procedure, 2021 & 2031F |
4 Latvia Medical Electrodes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases and neurological disorders requiring diagnostic procedures involving medical electrodes |
4.2.2 Technological advancements leading to the development of innovative and improved medical electrodes |
4.2.3 Growing demand for minimally invasive procedures in healthcare, increasing the usage of medical electrodes |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for the approval and commercialization of medical electrodes |
4.3.2 Limited reimbursement policies for medical electrode procedures, affecting market growth |
4.3.3 Competition from alternative diagnostic methods impacting the adoption of medical electrodes |
5 Latvia Medical Electrodes Market Trends |
6 Latvia Medical Electrodes Market Segmentations |
6.1 Latvia Medical Electrodes Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Medical Electrodes Market Revenues & Volume, By Dry Electrodes, 2021-2031F |
6.1.3 Latvia Medical Electrodes Market Revenues & Volume, By Wet Electrodes, 2021-2031F |
6.1.4 Latvia Medical Electrodes Market Revenues & Volume, By Needle Electrodes, 2021-2031F |
6.2 Latvia Medical Electrodes Market, By Usability |
6.2.1 Overview and Analysis |
6.2.2 Latvia Medical Electrodes Market Revenues & Volume, By Reusable Electrodes, 2021-2031F |
6.2.3 Latvia Medical Electrodes Market Revenues & Volume, By Disposable Electrodes, 2021-2031F |
6.3 Latvia Medical Electrodes Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Medical Electrodes Market Revenues & Volume, By Neurophysiology, 2021-2031F |
6.3.3 Latvia Medical Electrodes Market Revenues & Volume, By Cardiology, 2021-2031F |
6.3.4 Latvia Medical Electrodes Market Revenues & Volume, By Intra-Operative Monitoring, 2021-2031F |
6.3.5 Latvia Medical Electrodes Market Revenues & Volume, By Sleep Disorder, 2021-2031F |
6.3.6 Latvia Medical Electrodes Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Medical Electrodes Market, By Diagnostic Procedure |
6.4.1 Overview and Analysis |
6.4.2 Latvia Medical Electrodes Market Revenues & Volume, By Electroencephalography, 2021-2031F |
6.4.3 Latvia Medical Electrodes Market Revenues & Volume, By Electrocardiography, 2021-2031F |
6.4.4 Latvia Medical Electrodes Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Medical Electrodes Market Import-Export Trade Statistics |
7.1 Latvia Medical Electrodes Market Export to Major Countries |
7.2 Latvia Medical Electrodes Market Imports from Major Countries |
8 Latvia Medical Electrodes Market Key Performance Indicators |
8.1 Adoption rate of advanced medical electrode technologies by healthcare facilities |
8.2 Number of research and development partnerships for the development of new medical electrode products |
8.3 Rate of adoption of minimally invasive procedures in healthcare utilizing medical electrodes |
9 Latvia Medical Electrodes Market - Opportunity Assessment |
9.1 Latvia Medical Electrodes Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Medical Electrodes Market Opportunity Assessment, By Usability, 2021 & 2031F |
9.3 Latvia Medical Electrodes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Medical Electrodes Market Opportunity Assessment, By Diagnostic Procedure, 2021 & 2031F |
10 Latvia Medical Electrodes Market - Competitive Landscape |
10.1 Latvia Medical Electrodes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Medical Electrodes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |