Key Market Indicators
Latvia's import of diagnostic reagents is projected to hit approximately $37.7 million by 2028, up from about $32.9 million in 2023. This marks an average annual growth rate of 2.2%. Since 1999, Latvian demand for these reagents has increased by an average of 2.3% per year. On the export front, Latvia is expected to see its diagnostic reagent exports reach nearly $50 million by 2028, compared to around $40.3 million in 2023. This represents an average yearly growth rate of 3.4%. Since 1999, the country's supply of these reagents has risen by an average of 4.6% annually. In 2023, Latvia ranked 28th in diagnostic reagent exports, with Portugal narrowly ahead at $40.3 million. The top three countries in this category were Germany, the Netherlands, and the United Kingdom, respectively.
