| Product Code: ETC5147819 | 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 |
The import shipments of orthopedic prosthetic devices to Latvia in 2024 saw a notable increase in diversity, with top exporting countries including Germany, Lithuania, Poland, Finland, and Belgium. The market concentration, as measured by the HHI, decreased from moderate to low in 2024, indicating a more competitive landscape. The impressive CAGR of 14.86% from 2020 to 2024 and a growth rate of 22.55% from 2023 to 2024 highlight the growing demand for orthopedic prosthetic devices in Latvia, presenting opportunities for market expansion and innovation.

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 Orthopedic Prosthetic Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Orthopedic Prosthetic Devices Market - Industry Life Cycle |
3.4 Latvia Orthopedic Prosthetic Devices Market - Porter's Five Forces |
3.5 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Orthopedic Prosthetic Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of orthopedic conditions and injuries in Latvia |
4.2.2 Technological advancements in orthopedic prosthetic devices |
4.2.3 Rising geriatric population in Latvia leading to higher demand for orthopedic prosthetic devices |
4.3 Market Restraints |
4.3.1 High cost associated with orthopedic prosthetic devices |
4.3.2 Stringent regulatory requirements for approval and commercialization of orthopedic prosthetic devices in Latvia |
5 Latvia Orthopedic Prosthetic Devices Market Trends |
6 Latvia Orthopedic Prosthetic Devices Market Segmentations |
6.1 Latvia Orthopedic Prosthetic Devices Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Upper Extremity Prosthetics, 2021-2031F |
6.1.3 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Lower Extremity Prosthetics, 2021-2031F |
6.1.4 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Liners, 2021-2031F |
6.1.5 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Sockets, 2021-2031F |
6.1.6 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Modular Components, 2021-2031F |
6.2 Latvia Orthopedic Prosthetic Devices Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Conventional, 2021-2031F |
6.2.3 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2.4 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Hybrid Orthopedic Prosthetics, 2021-2031F |
6.3 Latvia Orthopedic Prosthetic Devices Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Hospitals, 2021-2031F |
6.3.3 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Prosthetic Clinics, 2021-2031F |
6.3.4 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Rehabilitation Center, 2021-2031F |
6.3.5 Latvia Orthopedic Prosthetic Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Orthopedic Prosthetic Devices Market Import-Export Trade Statistics |
7.1 Latvia Orthopedic Prosthetic Devices Market Export to Major Countries |
7.2 Latvia Orthopedic Prosthetic Devices Market Imports from Major Countries |
8 Latvia Orthopedic Prosthetic Devices Market Key Performance Indicators |
8.1 Average reimbursement rates for orthopedic prosthetic devices in Latvia |
8.2 Number of orthopedic surgeries performed annually in Latvia |
8.3 Adoption rate of advanced orthopedic prosthetic devices in Latvia |
9 Latvia Orthopedic Prosthetic Devices Market - Opportunity Assessment |
9.1 Latvia Orthopedic Prosthetic Devices Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Orthopedic Prosthetic Devices Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Orthopedic Prosthetic Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Orthopedic Prosthetic Devices Market - Competitive Landscape |
10.1 Latvia Orthopedic Prosthetic Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Orthopedic Prosthetic Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |