| Product Code: ETC10224373 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The Latvia prosthetics and orthotics import market experienced significant growth in 2024, 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, reflecting a more diversified import landscape. The impressive CAGR of 14.86% from 2020 to 2024 and a remarkable growth rate of 22.55% from 2023 to 2024 indicate a thriving market with increasing demand for prosthetics and orthotics in Latvia.
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 Prosthetics and Orthotics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Prosthetics and Orthotics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Prosthetics and Orthotics Market - Industry Life Cycle |
3.4 Latvia Prosthetics and Orthotics Market - Porter's Five Forces |
3.5 Latvia Prosthetics and Orthotics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Prosthetics and Orthotics Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Prosthetics and Orthotics Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Latvia Prosthetics and Orthotics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Prosthetics and Orthotics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases and disabilities leading to the need for prosthetics and orthotics |
4.2.2 Technological advancements in prosthetic and orthotic devices improving functionality and comfort for users |
4.2.3 Growing awareness about the benefits of prosthetics and orthotics among healthcare professionals and patients |
4.3 Market Restraints |
4.3.1 High cost associated with prosthetic and orthotic devices limiting affordability for some patients |
4.3.2 Limited reimbursement policies for prosthetic and orthotic devices by healthcare insurance providers |
4.3.3 Lack of skilled professionals in the field of prosthetics and orthotics leading to challenges in providing quality services |
5 Latvia Prosthetics and Orthotics Market Trends |
6 Latvia Prosthetics and Orthotics Market, By Types |
6.1 Latvia Prosthetics and Orthotics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Orthotics, 2021 - 2031F |
6.1.4 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Prosthetics, 2021 - 2031F |
6.1.5 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Lower Limb, 2021 - 2031F |
6.1.6 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Upper Limb, 2021 - 2031F |
6.2 Latvia Prosthetics and Orthotics Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Thermoplastics, 2021 - 2031F |
6.2.3 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Foam, 2021 - 2031F |
6.2.4 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Carbon Fiber, 2021 - 2031F |
6.2.5 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Wood, 2021 - 2031F |
6.3 Latvia Prosthetics and Orthotics Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Medical, 2021 - 2031F |
6.3.3 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Sports, 2021 - 2031F |
6.3.4 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Cosmetic, 2021 - 2031F |
6.3.5 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Pediatric, 2021 - 2031F |
6.4 Latvia Prosthetics and Orthotics Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Hospital, 2021 - 2031F |
6.4.3 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Rehabilitation, 2021 - 2031F |
6.4.4 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Military, 2021 - 2031F |
6.4.5 Latvia Prosthetics and Orthotics Market Revenues & Volume, By Custom Solutions, 2021 - 2031F |
7 Latvia Prosthetics and Orthotics Market Import-Export Trade Statistics |
7.1 Latvia Prosthetics and Orthotics Market Export to Major Countries |
7.2 Latvia Prosthetics and Orthotics Market Imports from Major Countries |
8 Latvia Prosthetics and Orthotics Market Key Performance Indicators |
8.1 Average waiting time for prosthetic and orthotic fittings |
8.2 Patient satisfaction rate with prosthetic and orthotic devices |
8.3 Number of research and development initiatives in the field of prosthetics and orthotics |
8.4 Percentage of healthcare facilities offering prosthetic and orthotic services |
8.5 Rate of adoption of new prosthetic and orthotic technologies |
9 Latvia Prosthetics and Orthotics Market - Opportunity Assessment |
9.1 Latvia Prosthetics and Orthotics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Prosthetics and Orthotics Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Prosthetics and Orthotics Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Latvia Prosthetics and Orthotics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Prosthetics and Orthotics Market - Competitive Landscape |
10.1 Latvia Prosthetics and Orthotics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Prosthetics and Orthotics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |