| Product Code: ETC7924293 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to heavily rely on imports for vision correction products, with Italy, Metropolitan France, Lithuania, Poland, and Estonia being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The negative Compound Annual Growth Rate (CAGR) from 2020-24 suggests a declining trend, further emphasized by the sharp decline in growth rate from 2023-24. This data highlights the challenges and potential shifts in the vision correction market in Latvia, indicating a need for strategic adjustments and market analysis for stakeholders in the industry.

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 Vision Correction Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vision Correction Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vision Correction Market - Industry Life Cycle |
3.4 Latvia Vision Correction Market - Porter's Five Forces |
3.5 Latvia Vision Correction Market Revenues & Volume Share, By Method, 2021 & 2031F |
3.6 Latvia Vision Correction Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Vision Correction Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Vision Correction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Vision Correction Market Trends |
6 Latvia Vision Correction Market, By Types |
6.1 Latvia Vision Correction Market, By Method |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vision Correction Market Revenues & Volume, By Method, 2021- 2031F |
6.1.3 Latvia Vision Correction Market Revenues & Volume, By Glasses, 2021- 2031F |
6.1.4 Latvia Vision Correction Market Revenues & Volume, By Contact lens, 2021- 2031F |
6.1.5 Latvia Vision Correction Market Revenues & Volume, By Surgery, 2021- 2031F |
6.2 Latvia Vision Correction Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vision Correction Market Revenues & Volume, By Presbyopia, 2021- 2031F |
6.2.3 Latvia Vision Correction Market Revenues & Volume, By Astigmatism, 2021- 2031F |
6.2.4 Latvia Vision Correction Market Revenues & Volume, By Myopia, 2021- 2031F |
6.2.5 Latvia Vision Correction Market Revenues & Volume, By Hyperopia, 2021- 2031F |
6.2.6 Latvia Vision Correction Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Vision Correction Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Vision Correction Market Revenues & Volume, By Hospital, 2021- 2031F |
6.3.3 Latvia Vision Correction Market Revenues & Volume, By Speciality Clinics, 2021- 2031F |
6.3.4 Latvia Vision Correction Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Vision Correction Market Import-Export Trade Statistics |
7.1 Latvia Vision Correction Market Export to Major Countries |
7.2 Latvia Vision Correction Market Imports from Major Countries |
8 Latvia Vision Correction Market Key Performance Indicators |
9 Latvia Vision Correction Market - Opportunity Assessment |
9.1 Latvia Vision Correction Market Opportunity Assessment, By Method, 2021 & 2031F |
9.2 Latvia Vision Correction Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Vision Correction Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Vision Correction Market - Competitive Landscape |
10.1 Latvia Vision Correction Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vision Correction 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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