Key Market Indicators
Latvia's Diagnostic Reagent market is projected to reach $82 million by 2026, growing at an average rate of 2.9% annually. In 2021, Latvia was at number 77 with a demand of $30.8 million, with Sri Lanka taking the lead at $30.8 million. Germany, China and the Netherlands followed respectively, taking the second, third and fourth spots. Latvian export of Diagnostic Reagents is estimated to reach $46.2 million by 2026, increasing at a CAGR of 3.9% year on year. Since 1999, Latvian supply has been growing at a yearly rate of 13.4%. In 2021, Russia overtook Latvia in this ranking, with Latvia taking the 29th spot with $36.1 million. Germany, the Netherlands and the United Kingdom followed, occupying the second, third and fourth spots respectively.
