| Product Code: ETC7917616 | 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 |
The orthotic devices import market in Latvia continues to show strong growth, with a notable increase in shipments from top exporting countries such as Germany, Lithuania, Poland, Finland, and Belgium. The market concentration, as measured by the HHI, has decreased from moderate to low in 2024, indicating a more competitive landscape. The impressive CAGR of 14.86% from 2020 to 2024 highlights the expanding demand for orthotic devices in Latvia. The significant growth rate of 22.55% from 2023 to 2024 suggests a thriving market with promising opportunities for both domestic and international suppliers.

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 Orthotic Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Orthotic Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Orthotic Devices Market - Industry Life Cycle |
3.4 Latvia Orthotic Devices Market - Porter's Five Forces |
3.5 Latvia Orthotic Devices Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Latvia Orthotic Devices Market Revenues & Volume Share, By Postures, 2021 & 2031F |
3.7 Latvia Orthotic Devices Market Revenues & Volume Share, By Products Type, 2021 & 2031F |
3.8 Latvia Orthotic Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.9 Latvia Orthotic Devices Market Revenues & Volume Share, By Manufacturing Method, 2021 & 2031F |
4 Latvia Orthotic Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases such as diabetes and arthritis that require orthotic devices. |
4.2.2 Growing awareness about the benefits of orthotic devices in improving mobility and quality of life. |
4.2.3 Technological advancements leading to the development of more advanced and comfortable orthotic devices. |
4.3 Market Restraints |
4.3.1 High cost associated with orthotic devices leading to affordability issues for some patients. |
4.3.2 Limited reimbursement policies for orthotic devices from healthcare insurance providers. |
4.3.3 Lack of skilled professionals to provide customized orthotic solutions to patients. |
5 Latvia Orthotic Devices Market Trends |
6 Latvia Orthotic Devices Market, By Types |
6.1 Latvia Orthotic Devices Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Latvia Orthotic Devices Market Revenues & Volume, By Products, 2021- 2031F |
6.1.3 Latvia Orthotic Devices Market Revenues & Volume, By Surgical Devices, 2021- 2031F |
6.1.4 Latvia Orthotic Devices Market Revenues & Volume, By Accessories, 2021- 2031F |
6.2 Latvia Orthotic Devices Market, By Postures |
6.2.1 Overview and Analysis |
6.2.2 Latvia Orthotic Devices Market Revenues & Volume, By Dynamic Orthotic Devices, 2021- 2031F |
6.2.3 Latvia Orthotic Devices Market Revenues & Volume, By Static Orthotic Devices, 2021- 2031F |
6.3 Latvia Orthotic Devices Market, By Products Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Orthotic Devices Market Revenues & Volume, By Ankle Braces and Supports, 2021- 2031F |
6.3.3 Latvia Orthotic Devices Market Revenues & Volume, By Foot Insoles, 2021- 2031F |
6.3.4 Latvia Orthotic Devices Market Revenues & Volume, By Knee Braces and Supports, 2021- 2031F |
6.3.5 Latvia Orthotic Devices Market Revenues & Volume, By Orthopaedic Braces and Support, 2021- 2031F |
6.3.6 Latvia Orthotic Devices Market Revenues & Volume, By Orthotic Splints, 2021- 2031F |
6.3.7 Latvia Orthotic Devices Market Revenues & Volume, By Spinal Braces and Supports, 2021- 2031F |
6.4 Latvia Orthotic Devices Market, By Device Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Orthotic Devices Market Revenues & Volume, By Upper Extremity Orthotics, 2021- 2031F |
6.4.3 Latvia Orthotic Devices Market Revenues & Volume, By Lower Extremity Orthotics, 2021- 2031F |
6.4.4 Latvia Orthotic Devices Market Revenues & Volume, By Cervical/Spinal Orthotics, 2021- 2031F |
6.5 Latvia Orthotic Devices Market, By Manufacturing Method |
6.5.1 Overview and Analysis |
6.5.2 Latvia Orthotic Devices Market Revenues & Volume, By Custom Orthotic Devices, 2021- 2031F |
6.5.3 Latvia Orthotic Devices Market Revenues & Volume, By Custom-Fitted Orthotic Devices, 2021- 2031F |
6.5.4 Latvia Orthotic Devices Market Revenues & Volume, By Pre-Fabricated Orthotic Devices, 2021- 2031F |
7 Latvia Orthotic Devices Market Import-Export Trade Statistics |
7.1 Latvia Orthotic Devices Market Export to Major Countries |
7.2 Latvia Orthotic Devices Market Imports from Major Countries |
8 Latvia Orthotic Devices Market Key Performance Indicators |
8.1 Average waiting time for orthotic device fittings. |
8.2 Rate of adoption of new orthotic technologies by healthcare providers. |
8.3 Patient satisfaction scores with prescribed orthotic devices. |
9 Latvia Orthotic Devices Market - Opportunity Assessment |
9.1 Latvia Orthotic Devices Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Latvia Orthotic Devices Market Opportunity Assessment, By Postures, 2021 & 2031F |
9.3 Latvia Orthotic Devices Market Opportunity Assessment, By Products Type, 2021 & 2031F |
9.4 Latvia Orthotic Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.5 Latvia Orthotic Devices Market Opportunity Assessment, By Manufacturing Method, 2021 & 2031F |
10 Latvia Orthotic Devices Market - Competitive Landscape |
10.1 Latvia Orthotic Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Orthotic Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |