| Product Code: ETC7913839 | 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 |
The import shipments of joint replacements in Latvia in 2024 continued to see steady growth, with top exporting countries being Netherlands, Germany, Finland, Poland, and Lithuania. The market concentration, as measured by HHI, remained at a moderate level, indicating a healthy level of competition. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 11.07%, showing sustained market expansion. Additionally, the growth rate from 2023 to 2024 was 1.64%, further highlighting the positive trajectory of joint replacement imports 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 Joint Replacement Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Joint Replacement Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Joint Replacement Market - Industry Life Cycle |
3.4 Latvia Joint Replacement Market - Porter's Five Forces |
3.5 Latvia Joint Replacement Market Revenues & Volume Share, By Procedure, 2021 & 2031F |
3.6 Latvia Joint Replacement Market Revenues & Volume Share, By Products, 2021 & 2031F |
4 Latvia Joint Replacement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Joint Replacement Market Trends |
6 Latvia Joint Replacement Market, By Types |
6.1 Latvia Joint Replacement Market, By Procedure |
6.1.1 Overview and Analysis |
6.1.2 Latvia Joint Replacement Market Revenues & Volume, By Procedure, 2021- 2031F |
6.1.3 Latvia Joint Replacement Market Revenues & Volume, By Hip Replacement, 2021- 2031F |
6.1.4 Latvia Joint Replacement Market Revenues & Volume, By Knee Replacement, 2021- 2031F |
6.1.5 Latvia Joint Replacement Market Revenues & Volume, By Shoulder, 2021- 2031F |
6.1.6 Latvia Joint Replacement Market Revenues & Volume, By Other Procedures, 2021- 2031F |
6.2 Latvia Joint Replacement Market, By Products |
6.2.1 Overview and Analysis |
6.2.2 Latvia Joint Replacement Market Revenues & Volume, By Implants, 2021- 2031F |
6.2.3 Latvia Joint Replacement Market Revenues & Volume, By Bone Grafts, 2021- 2031F |
6.2.4 Latvia Joint Replacement Market Revenues & Volume, By Other Products, 2021- 2031F |
7 Latvia Joint Replacement Market Import-Export Trade Statistics |
7.1 Latvia Joint Replacement Market Export to Major Countries |
7.2 Latvia Joint Replacement Market Imports from Major Countries |
8 Latvia Joint Replacement Market Key Performance Indicators |
9 Latvia Joint Replacement Market - Opportunity Assessment |
9.1 Latvia Joint Replacement Market Opportunity Assessment, By Procedure, 2021 & 2031F |
9.2 Latvia Joint Replacement Market Opportunity Assessment, By Products, 2021 & 2031F |
10 Latvia Joint Replacement Market - Competitive Landscape |
10.1 Latvia Joint Replacement Market Revenue Share, By Companies, 2024 |
10.2 Latvia Joint Replacement 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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