Key Market Indicators
Latvia's expenditure on medical products is projected to rise to nearly €390 million by 2028, up from approximately €350 million in 2023. This represents an average annual growth rate of 1.6%. Since the turn of the millennium, Latvia has seen a steady increase in demand for medical products, averaging a 3.1% yearly rise. In 2023, Latvia ranked 13th in Europe for medical product expenditure. Slovenia surpassed Latvia in the same year, recording expenditures of around €350 million. The leading countries in this sector included France, Italy, and Spain, which secured the second, third, and fourth positions, respectively.
