Latvia External Analgesics Market (2025-2031) | Value, Competitive Landscape, Companies, Industry, Forecast, Growth, Outlook, Size & Revenue, Share, Segmentation, Analysis, Trends

Name: Latvia External Analgesics Market (2025-2031) | Value & Competitive Landscape
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: External Analgesics Market, Latvia External Analgesics Market, Latvia External Analgesics Market Revenues, Latvia External Analgesics Market Share, Latvia External Analgesics Market Size, Latvia External Analgesics Market Outlook, Latvia External Analgesics Market Report, Latvia External Analgesics Market Competition, Latvia External Analgesics Market Overview, Latvia External Analgesics Market Trends, Latvia External Analgesics Market Forecast

Market Forecast By Product (Hot/Cold Products, Disposable, Non-Disposable, Kinesiology Tape, Heating Pads, TENS Devices, Red Light Therapy/ Infrared Therapy), By Distribution Channel (Retail/Brick & Mortar, E-Commerce, Others) And Competitive Landscape

Product Code: ETC7910687	Publication Date: Sep 2024	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Bhawna Singh	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Latvia External Analgesics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia`s external analgesics import market continues to show steady growth, with Lithuania, Netherlands, Switzerland, Poland, and Germany emerging as the top exporting countries. The market remains competitive with low concentration levels, indicating a diverse range of suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stands at a healthy 8.55%, reflecting sustained demand for external analgesics in Latvia. Moreover, the growth rate from 2023 to 2024 is a notable 6.92%, underscoring the increasing popularity of these products in the Latvian market.

Latvia External Analgesics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia External Analgesics Market Outlook
Market Size of Latvia External Analgesics Market, 2024
Forecast of Latvia External Analgesics Market, 2031
Historical Data and Forecast of Latvia External Analgesics Revenues & Volume for the Period 2021- 2031
Latvia External Analgesics Market Trend Evolution
Latvia External Analgesics Market Drivers and Challenges
Latvia External Analgesics Price Trends
Latvia External Analgesics Porter's Five Forces
Latvia External Analgesics Industry Life Cycle
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Product for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Hot/Cold Products for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Disposable for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Non-Disposable for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Kinesiology Tape for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Heating Pads for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By TENS Devices for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Red Light Therapy/ Infrared Therapy for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Distribution Channel for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Retail/Brick & Mortar for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By E-Commerce for the Period 2021- 2031
Historical Data and Forecast of Latvia External Analgesics Market Revenues & Volume By Others for the Period 2021- 2031
Latvia External Analgesics Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Distribution Channel
Latvia External Analgesics Top Companies Market Share
Latvia External Analgesics Competitive Benchmarking By Technical and Operational Parameters
Latvia External Analgesics Company Profiles
Latvia External Analgesics Key Strategic Recommendations

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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 External Analgesics Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia External Analgesics Market Revenues & Volume, 2021 & 2031F

3.3 Latvia External Analgesics Market - Industry Life Cycle

3.4 Latvia External Analgesics Market - Porter's Five Forces

3.5 Latvia External Analgesics Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Latvia External Analgesics Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia External Analgesics Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing prevalence of musculoskeletal disorders and sports injuries leading to higher demand for external analgesics

4.2.2 Growing awareness about self-medication and over-the-counter products

4.2.3 Rising geriatric population in Latvia driving the need for pain relief solutions

4.3 Market Restraints

4.3.1 Stringent regulations and restrictions on certain active ingredients in external analgesics

4.3.2 Competition from alternative pain relief methods such as natural remedies and physical therapy

5 Latvia External Analgesics Market Trends

6 Latvia External Analgesics Market, By Types

6.1 Latvia External Analgesics Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia External Analgesics Market Revenues & Volume, By Product, 2021- 2031F

6.1.3 Latvia External Analgesics Market Revenues & Volume, By Hot/Cold Products, 2021- 2031F

6.1.4 Latvia External Analgesics Market Revenues & Volume, By Disposable, 2021- 2031F

6.1.5 Latvia External Analgesics Market Revenues & Volume, By Non-Disposable, 2021- 2031F

6.1.6 Latvia External Analgesics Market Revenues & Volume, By Kinesiology Tape, 2021- 2031F

6.1.7 Latvia External Analgesics Market Revenues & Volume, By Heating Pads, 2021- 2031F

6.1.8 Latvia External Analgesics Market Revenues & Volume, By TENS Devices, 2021- 2031F

6.2 Latvia External Analgesics Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Latvia External Analgesics Market Revenues & Volume, By Retail/Brick & Mortar, 2021- 2031F

6.2.3 Latvia External Analgesics Market Revenues & Volume, By E-Commerce, 2021- 2031F

6.2.4 Latvia External Analgesics Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia External Analgesics Market Import-Export Trade Statistics

7.1 Latvia External Analgesics Market Export to Major Countries

7.2 Latvia External Analgesics Market Imports from Major Countries

8 Latvia External Analgesics Market Key Performance Indicators

8.1 Number of pharmacies stocking external analgesics in Latvia

8.2 Frequency of advertisements and promotions for external analgesics

8.3 Average price of external analgesics compared to competitors in the market

9 Latvia External Analgesics Market - Opportunity Assessment

9.1 Latvia External Analgesics Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Latvia External Analgesics Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia External Analgesics Market - Competitive Landscape

10.1 Latvia External Analgesics Market Revenue Share, By Companies, 2024

10.2 Latvia External Analgesics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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