| Product Code: ETC7904676 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to import arterial cannulas mainly from the Netherlands, Lithuania, Germany, Belgium, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. Despite a slight decline in the compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth rate of 24.14% from 2023 to 2024, indicating a recent surge in demand. This dynamic market landscape presents both opportunities and competitive pressures for suppliers and stakeholders in the arterial cannula 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 Arterial Cannula Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Arterial Cannula Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Arterial Cannula Market - Industry Life Cycle |
3.4 Latvia Arterial Cannula Market - Porter's Five Forces |
3.5 Latvia Arterial Cannula Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Arterial Cannula Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.7 Latvia Arterial Cannula Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Arterial Cannula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Arterial Cannula Market Trends |
6 Latvia Arterial Cannula Market, By Types |
6.1 Latvia Arterial Cannula Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Arterial Cannula Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Arterial Cannula Market Revenues & Volume, By Cardiopulmonary Bypass Surgery, 2021- 2031F |
6.1.4 Latvia Arterial Cannula Market Revenues & Volume, By Extracorporeal Membrane Oxygenation (ECMO), 2021- 2031F |
6.1.5 Latvia Arterial Cannula Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Arterial Cannula Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Latvia Arterial Cannula Market Revenues & Volume, By 14-16 Fr, 2021- 2031F |
6.2.3 Latvia Arterial Cannula Market Revenues & Volume, By 17-19 Fr, 2021- 2031F |
6.2.4 Latvia Arterial Cannula Market Revenues & Volume, By 20-22 Fr, 2021- 2031F |
6.2.5 Latvia Arterial Cannula Market Revenues & Volume, By 23-25 Fr, 2021- 2031F |
6.2.6 Latvia Arterial Cannula Market Revenues & Volume, By 26-28 Fr, 2021- 2031F |
6.2.7 Latvia Arterial Cannula Market Revenues & Volume, By 29- 31 Fr, 2021- 2031F |
6.2.8 Latvia Arterial Cannula Market Revenues & Volume, By 35-36 Fr, 2021- 2031F |
6.2.9 Latvia Arterial Cannula Market Revenues & Volume, By 35-36 Fr, 2021- 2031F |
6.3 Latvia Arterial Cannula Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Arterial Cannula Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Latvia Arterial Cannula Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.3.4 Latvia Arterial Cannula Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Arterial Cannula Market Import-Export Trade Statistics |
7.1 Latvia Arterial Cannula Market Export to Major Countries |
7.2 Latvia Arterial Cannula Market Imports from Major Countries |
8 Latvia Arterial Cannula Market Key Performance Indicators |
9 Latvia Arterial Cannula Market - Opportunity Assessment |
9.1 Latvia Arterial Cannula Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Arterial Cannula Market Opportunity Assessment, By Size, 2021 & 2031F |
9.3 Latvia Arterial Cannula Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Arterial Cannula Market - Competitive Landscape |
10.1 Latvia Arterial Cannula Market Revenue Share, By Companies, 2024 |
10.2 Latvia Arterial Cannula 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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