| Product Code: ETC7915146 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in the growth rate for medical equipment calibration import shipments to Latvia in 2024, the market remains relatively diverse with top exporters being Germany, Poland, China, Lithuania, and Finland. The low Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape, offering opportunities for various players. The negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 underscores challenges faced by the industry, while the significant drop in growth rate from 2023 to 2024 highlights a recent downturn that may require attention and strategic planning by stakeholders.

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 Equipment Calibration Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Medical Equipment Calibration Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Medical Equipment Calibration Market - Industry Life Cycle |
3.4 Latvia Medical Equipment Calibration Market - Porter's Five Forces |
3.5 Latvia Medical Equipment Calibration Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Latvia Medical Equipment Calibration Market Revenues & Volume Share, By Type of Services, 2021 & 2031F |
3.7 Latvia Medical Equipment Calibration Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Latvia Medical Equipment Calibration Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for accurate and reliable medical equipment calibration services in Latvia. |
4.2.2 Stringent regulatory requirements for calibration of medical devices. |
4.2.3 Technological advancements leading to the need for more frequent calibration. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up calibration facilities. |
4.3.2 Lack of skilled professionals in the field of medical equipment calibration. |
4.3.3 Potential challenges in maintaining accreditation and compliance with changing standards. |
5 Latvia Medical Equipment Calibration Market Trends |
6 Latvia Medical Equipment Calibration Market, By Types |
6.1 Latvia Medical Equipment Calibration Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Medical Equipment Calibration Market Revenues & Volume, By Equipment Type, 2021- 2031F |
6.1.3 Latvia Medical Equipment Calibration Market Revenues & Volume, By Vital Sign Monitors, 2021- 2031F |
6.1.4 Latvia Medical Equipment Calibration Market Revenues & Volume, By Ventilators, 2021- 2031F |
6.1.5 Latvia Medical Equipment Calibration Market Revenues & Volume, By Fetal Monitors, 2021- 2031F |
6.1.6 Latvia Medical Equipment Calibration Market Revenues & Volume, By Cardiovascular Monitors, 2021- 2031F |
6.1.7 Latvia Medical Equipment Calibration Market Revenues & Volume, By Imaging Equipment, 2021- 2031F |
6.1.8 Latvia Medical Equipment Calibration Market Revenues & Volume, By Infusion Pumps, 2021- 2031F |
6.2 Latvia Medical Equipment Calibration Market, By Type of Services |
6.2.1 Overview and Analysis |
6.2.2 Latvia Medical Equipment Calibration Market Revenues & Volume, By In-House Calibration Services, 2021- 2031F |
6.2.3 Latvia Medical Equipment Calibration Market Revenues & Volume, By Third Party Calibration Services, 2021- 2031F |
6.2.4 Latvia Medical Equipment Calibration Market Revenues & Volume, By OEM (Original Equipment Manufacturer), 2021- 2031F |
6.3 Latvia Medical Equipment Calibration Market, By End Users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Medical Equipment Calibration Market Revenues & Volume, By Clinical Laboratories, 2021- 2031F |
6.3.3 Latvia Medical Equipment Calibration Market Revenues & Volume, By Hospitals, 2021- 2031F |
7 Latvia Medical Equipment Calibration Market Import-Export Trade Statistics |
7.1 Latvia Medical Equipment Calibration Market Export to Major Countries |
7.2 Latvia Medical Equipment Calibration Market Imports from Major Countries |
8 Latvia Medical Equipment Calibration Market Key Performance Indicators |
8.1 Percentage of medical equipment in Latvia that undergo regular calibration. |
8.2 Average turnaround time for calibration services. |
8.3 Number of new calibration technologies implemented in the market. |
8.4 Customer satisfaction ratings for calibration services provided. |
8.5 Rate of adoption of international calibration standards in Latvia. |
9 Latvia Medical Equipment Calibration Market - Opportunity Assessment |
9.1 Latvia Medical Equipment Calibration Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Latvia Medical Equipment Calibration Market Opportunity Assessment, By Type of Services, 2021 & 2031F |
9.3 Latvia Medical Equipment Calibration Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Latvia Medical Equipment Calibration Market - Competitive Landscape |
10.1 Latvia Medical Equipment Calibration Market Revenue Share, By Companies, 2024 |
10.2 Latvia Medical Equipment Calibration Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |