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  4. > The Medical Device Market: Latvia

The Medical Device Market: Latvia

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 140 pages

Espicom Industry View
• Latvia is one of the smallest countries in Europe It joined the EU in May 2004 In 2013, it had an
estimated population of 2 1mn with the most populous city being Riga, the capital As with other
European countries, Latvia has an ageing population: those aged 65 and over represent 18 6% of the
population
• As we expected, Lativa met its economic obligations prior to eurozone accession, and in January 2014
will become the 18th country to join the single currency While a degree of opposition to the euro exists -
more so than in other countries prior to adoption of the euro - we do not believe that this opinion will
cause delays to euro membership

Table Of Contents

The Medical Device Market: Latvia
Espicom Industry View 7
Espicom Industry View 7
SWOT 9
Medical Device Market 9
Political 10
Economic 11
Business Environment 12
Industry Forecast 13
Medical Device Market Forecast 13
Table: Projected Medical Device Market, 2013-2018 15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 22
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change) 25
Consumables Market Forecast 29
Table: Consumables Market, 2008-2018 (US$mn) 29
Table: Consumables Market, 2008-2018 (US$ Per Capita) 30
Table: Consumables Market (US$mn % Change), 2009-2018 31
Diagnostic Imaging Market Forecast 33
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 34
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 35
Table: Diagnostic Imaging Market (US$mn % Change), 2009-2018 36
Dental Products Market Forecast 38
Table: Dental Products Market, 2008-2018 (US$mn) 39
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 39
Table: Dental Products Market, 2009-2018 (US$mn % Change) 40
Orthopaedics and Prosthetics Market Forecast 42
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 43
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 43
Table: Orthopaedics and Prosthetics Market, 2009-2018 (US$mn % Change) 44
Patient Aids Market Forecast 45
Table: Patient Aids Market, 2008-2018 (US$mn) 45
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 46
Table: Patient Aids Market, 2009-2018 (US$mn % Change) 47
Other Medical Devices Market Forecast 49
Table: Other Medical Devices Market, 2008-2018 (US$mn) 49
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 50
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change) 51
Annual Medical Device Imports 54
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 58

Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 60
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 62
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 64
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution) 65
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 66
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 67
Table: Detailed Medical Device Import Trends By Product Area, 2012 70
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 74
Monthly Medical Device Imports 77
Table: Monthly Medical Device Imports By Product Area, June 2010-June 2013 (US$mn) 78
Annual Medical Device Exports 79
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) 82
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change) 83
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s) 84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) 85
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution) 87
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 88
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 89
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 91
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) 92
Table: Detailed Medical Device Export Trends By Product Area, 2012 95
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 99
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) 102
Monthly Medical Device Exports 105
Table: Monthly Medical Device Exports By Product Area, June 2010-June 2013 (US$mn) 105
Macroeconomic Forecasts 108
Economic Analysis 108
Real GDP By Expenditure Breakdown 109
Risks To Outlook 114
Table: Latvia - Economic Activity 114
Industry Risk Reward Ratings 115
Industry Risk Reward Ratings 115
Table: Espicom Analysis Of The Medical Device Market, 2013 115
Market Overview 117
Medical Device Market Overview 117
Table: Latvian Medical Device Market, Key Ratios, 2013 118
Table: Latvian Medical Device Market, By Category, 2013 119
Healthcare Overview 120
Healthcare System 120
Health Expenditure 121
Key Data 123
Table: Key Data, 2008-2013 123
Medical Technology 125
Table: Medical Device Technology By Type And Sector, 2010 (Units) 125

Industry Trends And Developments 126
Industry Trends and Developments 126
Regulatory Development 128
Medical Device Regulations 128
Medical Device Pricing and Reimbursement 129
Competitive Landscape 130
Domestic Medical Device Production 130
Multinational Market Activity 131
Table: Multinational Market Activity, 2013 131
Medical Device Market Access 132
Market Environment 132
Distribution 132
Methodology 133
Table: Used HS Trade Codes, 2013 134
Table: Rearranged HS Trade Codes, 2013 136

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