| Product Code: ETC7923492 | 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`s transdermal patch import shipments continued to show high concentration, with top exporting countries being Estonia, China, Sweden, Germany, and Netherlands. Despite a slight increase in the CAGR from 2020-24 at 1.62%, there was a notable decline in the growth rate from 2023-24 at -8.63%. This indicates a challenging year for the market, possibly impacted by various factors affecting the demand and supply dynamics in the transdermal patch 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 Transdermal Patch Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Transdermal Patch Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Transdermal Patch Market - Industry Life Cycle |
3.4 Latvia Transdermal Patch Market - Porter's Five Forces |
3.5 Latvia Transdermal Patch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Transdermal Patch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Transdermal Patch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Transdermal Patch Market Trends |
6 Latvia Transdermal Patch Market, By Types |
6.1 Latvia Transdermal Patch Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Transdermal Patch Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Transdermal Patch Market Revenues & Volume, By Methyl Salicylate-based Patch, 2021- 2031F |
6.1.4 Latvia Transdermal Patch Market Revenues & Volume, By Rivastigmine Transdermal Patch, 2021- 2031F |
6.1.5 Latvia Transdermal Patch Market Revenues & Volume, By Fentanyl Transdermal Patch, 2021- 2031F |
6.1.6 Latvia Transdermal Patch Market Revenues & Volume, By Lidocaine Patch, 2021- 2031F |
6.1.7 Latvia Transdermal Patch Market Revenues & Volume, By Diclofenac Patch, 2021- 2031F |
6.1.8 Latvia Transdermal Patch Market Revenues & Volume, By Nicotine Transdermal Patch, 2021- 2031F |
6.2 Latvia Transdermal Patch Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Transdermal Patch Market Revenues & Volume, By Rx Channel, 2021- 2031F |
6.2.3 Latvia Transdermal Patch Market Revenues & Volume, By OTC Channel, 2021- 2031F |
7 Latvia Transdermal Patch Market Import-Export Trade Statistics |
7.1 Latvia Transdermal Patch Market Export to Major Countries |
7.2 Latvia Transdermal Patch Market Imports from Major Countries |
8 Latvia Transdermal Patch Market Key Performance Indicators |
9 Latvia Transdermal Patch Market - Opportunity Assessment |
9.1 Latvia Transdermal Patch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Transdermal Patch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Transdermal Patch Market - Competitive Landscape |
10.1 Latvia Transdermal Patch Market Revenue Share, By Companies, 2024 |
10.2 Latvia Transdermal 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