| Product Code: ETC7923958 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of vasodilators in 2024 were primarily sourced from Lithuania, Netherlands, Switzerland, Poland, and Germany. Despite the top countries exporting to Latvia, the market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained low in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 8.6%, indicating a steady expansion of the market. Additionally, the growth rate in 2024 alone was 7.03%, showcasing continued momentum in the importation of vasodilators into 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 Vasodilators Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vasodilators Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vasodilators Market - Industry Life Cycle |
3.4 Latvia Vasodilators Market - Porter's Five Forces |
3.5 Latvia Vasodilators Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Vasodilators Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Vasodilators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of cardiovascular diseases in Latvia |
4.2.2 Growing awareness about the benefits of vasodilators in managing hypertension and other cardiovascular conditions |
4.2.3 Rise in healthcare expenditure and government initiatives to improve access to essential medications |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for drug approval and market entry |
4.3.2 Competition from alternative treatment options such as lifestyle modifications and other classes of cardiovascular drugs |
5 Latvia Vasodilators Market Trends |
6 Latvia Vasodilators Market, By Types |
6.1 Latvia Vasodilators Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vasodilators Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Vasodilators Market Revenues & Volume, By Calcium Channel Blockers, 2021- 2031F |
6.1.4 Latvia Vasodilators Market Revenues & Volume, By Alpha-adrenergic Blockers, 2021- 2031F |
6.1.5 Latvia Vasodilators Market Revenues & Volume, By Potassium Channel Activators, 2021- 2031F |
6.1.6 Latvia Vasodilators Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Latvia Vasodilators Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vasodilators Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Latvia Vasodilators Market Revenues & Volume, By Clinics, 2021- 2031F |
6.2.4 Latvia Vasodilators Market Revenues & Volume, By Retail Pharmacies, 2021- 2031F |
6.2.5 Latvia Vasodilators Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Vasodilators Market Import-Export Trade Statistics |
7.1 Latvia Vasodilators Market Export to Major Countries |
7.2 Latvia Vasodilators Market Imports from Major Countries |
8 Latvia Vasodilators Market Key Performance Indicators |
8.1 Number of patients prescribed vasodilators annually |
8.2 Rate of adherence to vasodilator treatment regimens |
8.3 Average age of patients using vasodilators |
9 Latvia Vasodilators Market - Opportunity Assessment |
9.1 Latvia Vasodilators Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Vasodilators Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Vasodilators Market - Competitive Landscape |
10.1 Latvia Vasodilators Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vasodilators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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