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Latvia, a country famous for its greenery and fast internet speed. Plus, it is also popular for maintaining a balance between nature and surroundings. This beautiful country not only knows how to balance nature but also knows how to innovate and advance its resources with the modern world.
Latvia is also known for being a watery country as it has 12,000 rivers and 3,000 lakes. The Latvian people are very fun-loving and they also love to live in the Capital of Latvia i.e. Riga.
Healthcare System In Latvia
Latvia has a GDP of 34.12 Billion Dollars (as per the 2019 data). The country also has one of the most growing economies in the world. Latvia has focused on implementing market-oriented reforms after its independence and this has helped in the steady growth of the market.
The country is also an EU member since 2004 thus, substantial European funding has helped it a lot.
With such a steady growth in the economy, the healthcare system in Latvia has improved every year since 2004. As per the data analysis of 2018, the healthcare expenditure of Latvia is around 6.1% of their total GDP.
High investment in the healthcare sector by the Latvian government not only ensures a healthy lifestyle but also gives the reason for the life expectancy in Latvia i.e. 70+ years!
Orthopedic Implants In Latvia
The medical device market in Latvia has seen good growth after the crisis in 2011 – 2013. In Latvia, all the primary hospitals, clinics, and rehabilitation centers are owned by the state and the state budget finances them as well. While on the other hand, the medical products market is managed by private businesses.
When it comes to the demand for orthopedic implants in Latvia, the country requires import from other nations. Siora Surgical Pvt. Ltd. is one of the most reliable Orthopedic Products Manufacturers in India. The company has an FDA India-approved manufacturing unit in Sonipat, Haryana (near national capital Delhi). Plus, all the implants manufactured by the company meet ISO 9001:2015 and ISO 13485:2016 standards.
Siora is also looking for distributors and suppliers in Latvia to expand its market reach while providing ISO standard quality orthopedic devices to the clients. We also offer OEM/contract manufacturing services.