Key Market Indicators
By 2026, Latvian medical product expenditure is expected to reach €454.17 million, up 2.4% from the 2021 figure of €401.72 million. Since 2000, the country's demand has increased by an average of 7% annually. Latvian medical technology density is also expected to grow, reaching 81 units in 2026 from 75 in 2021 - a 1.3% year-on-year average rate. This follows a 1.1% year-on-year growth since 2005. In 2021, Latvia was ranked 26th in medical product expenditure, behind Slovenia with €401.72 million. France, the United Kingdom and Italy occupied the second, third and fourth spots respectively.
Latvia Medical Device Market Data and Forecasts
How much will Latvia Medical Device Market grow to 2026?
More in Medical Device Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Eyewear Evolution: Contact Lenses and Spectacles Redefining Vision Correction Trends
The eyewear industry has experienced remarkable transformation over the years. Notably, contact lenses and spectacles dominate the vision correction segment. With technological advancements and increasing consumer demand for more convenient, stylish, and effective eyewear, both manufacturers and consumers are exploring new frontiers in vision correction options.
Discover more insights -
Optics Industry: Exploring the Diverse Dynamics of the Global Spectacles Market
The growth trajectory of the global spectacles market is heavily influenced by the rising prevalence of ocular disorders, an aging population, and an unprecedented increase in screen time. Other key factors propelling this sector are the growing awareness about eye health and the focus on style and aesthetics as spectacles...
Discover more insights -
Medical Equipment: Emerging Dynamics of Special Purpose Needles Market
The demand for special purpose needles emanates from specific medical procedures requiring precision, such as biopsy, aspiration, or injection into delicate tissues. This demand can be attributed to a growing prevalence of chronic illnesses, and an increasing number of diagnostic and therapeutic procedures stemming from it. Amid surging healthcare expenditures...
Discover more insights -
Deciphering Diabetes: Evaluating Emerging Treatments through Pipeline Reviews
The therapeutic landscape for diabetes is witnessing a significant transformation as an array of innovative treatments steadily progresses through clinical pipeline reviews. Unprecedented pharmacological advancements, characterized by both novel mechanisms of action and improved administration protocols, herald an imminent paradigm shift in managing both type 1 and type 2 diabetes.
Discover more insights -
Orthopedics Industry: Navigating Challenges and Harnessing Technological Advancement for Optimum Performance
The global orthopedics industry, like many industries in the healthcare sector, faces its own unique set of obstacles. A critical challenge is the increasing regulatory scrutiny which is causing significant delays in the introduction of legislative procedures and prototype releases. Another major challenge is the recruitment and retention of skilled...
Discover more insights