Wound care value sales are expected to gain momentum over the forecast period as Latvian life comes back to normality, sustaining demand for products to treat everyday accidents. Awareness and education about the importance of proper wound care are expected to increase amongst consumers and caregivers in the forecast period.
Wound care products are crucial in caring for older consumers. The demographic structure of the Latvian population will continue to see sharp ageing in the forecast period, as the pre-retirement age population and the elderly population are growing each year.
The potential for wound care volume growth is limited over the forecast period, as the category is mature and has almost reached saturation. However, a higher current value CAGR is expected over the forecast period as additional segmentation based on functional claims and differentiated product performance will attract consumers looking for specialised products which address their individual needs.
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Understand the latest market trends and future growth opportunities for the Wound Treatments industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wound Treatments industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of sticking plasters/adhesive bandages, first aid kits, and gauze, tape, and other wound care. Exclude products that prevent foot blisters and anti-scarring only variants.See All of Our Definitions
This report originates from Passport, our Wound Treatments research and analysis database.
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