| Product Code: ETC7916795 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a slight decline in growth rate from 2023 to 2024, Latvia continues to import non-opioid pain patches mainly from neighboring Estonia, as well as from China, Sweden, Germany, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with these top exporting countries dominating the supply chain. With a modest Compound Annual Growth Rate (CAGR) of 1.62% from 2020 to 2024, Latvia`s reliance on these key suppliers for non-opioid pain patches is expected to remain stable in the near future.

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 Non-opioid Pain Patch Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Non-opioid Pain Patch Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Non-opioid Pain Patch Market - Industry Life Cycle |
3.4 Latvia Non-opioid Pain Patch Market - Porter's Five Forces |
3.5 Latvia Non-opioid Pain Patch Market Revenues & Volume Share, By Non-opioid Pain Patch Type, 2021 & 2031F |
3.6 Latvia Non-opioid Pain Patch Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Non-opioid Pain Patch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the potential risks associated with opioid use |
4.2.2 Growing preference for non-invasive pain management solutions |
4.2.3 Aging population leading to higher prevalence of chronic pain conditions |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for product approval |
4.3.2 Limited availability of advanced non-opioid pain patch technologies |
4.3.3 High cost of non-opioid pain patch products |
5 Latvia Non-opioid Pain Patch Market Trends |
6 Latvia Non-opioid Pain Patch Market, By Types |
6.1 Latvia Non-opioid Pain Patch Market, By Non-opioid Pain Patch Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Non-opioid Pain Patch Type, 2021- 2031F |
6.1.3 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Lidocaine Patches, 2021- 2031F |
6.1.4 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Diclofenac Patches, 2021- 2031F |
6.1.5 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Methyl Salicylate Patches, 2021- 2031F |
6.1.6 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Capsaicin Patches, 2021- 2031F |
6.1.7 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Ketoprofen Patches, 2021- 2031F |
6.1.8 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Non-opioid Pain Patch Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Hospital Pharmacies, 2021- 2031F |
6.2.3 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Online Pharmacies, 2021- 2031F |
6.2.4 Latvia Non-opioid Pain Patch Market Revenues & Volume, By Independent Pharmacies & Drug Stores, 2021- 2031F |
7 Latvia Non-opioid Pain Patch Market Import-Export Trade Statistics |
7.1 Latvia Non-opioid Pain Patch Market Export to Major Countries |
7.2 Latvia Non-opioid Pain Patch Market Imports from Major Countries |
8 Latvia Non-opioid Pain Patch Market Key Performance Indicators |
8.1 Number of clinical trials and studies conducted on non-opioid pain patch effectiveness |
8.2 Adoption rate of non-opioid pain patches by healthcare providers |
8.3 Patient satisfaction and pain relief efficacy ratings for non-opioid pain patches |
9 Latvia Non-opioid Pain Patch Market - Opportunity Assessment |
9.1 Latvia Non-opioid Pain Patch Market Opportunity Assessment, By Non-opioid Pain Patch Type, 2021 & 2031F |
9.2 Latvia Non-opioid Pain Patch Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Non-opioid Pain Patch Market - Competitive Landscape |
10.1 Latvia Non-opioid Pain Patch Market Revenue Share, By Companies, 2024 |
10.2 Latvia Non-opioid Pain Patch 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.
To discover high-growth global markets and optimize your business strategy:
Click Here