| Product Code: ETC5334669 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to see a significant influx of wound closure devices from top exporting countries including the USA, Iceland, Canada, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with dominant suppliers. The impressive compound annual growth rate (CAGR) of 39.6% from 2020 to 2024 highlights the growing demand for these devices in Grenada. Additionally, the growth rate of 8.5% from 2023 to 2024 suggests sustained momentum in the market, indicating promising opportunities for both local and international suppliers in the wound closure devices sector.
The wound closure devices market in Grenada is seeing gradual growth as healthcare infrastructure continues to improve. As the demand for medical procedures increases, particularly with a growing elderly population, the need for effective and efficient wound closure solutions is also rising. Hospitals and clinics in Grenada are adopting advanced wound closure technologies, including sutures, staples, and adhesive devices, to enhance patient recovery and minimize complications. With advancements in medical devices, Grenada is expected to witness a shift towards more specialized and minimally invasive wound closure products, driven by better healthcare standards and access.
The wound closure devices market in Grenada is driven by the growth in healthcare infrastructure and the rising prevalence of injuries and surgical procedures. As the healthcare sector continues to evolve in Grenada, there is increasing demand for effective wound closure solutions that can improve healing times and minimize complications. The rise in chronic diseases and an aging population contribute to the demand for innovative devices. Additionally, the advancement of minimally invasive procedures and the use of advanced materials in wound closure devices are increasing their adoption in Grenadian healthcare settings.
The Wound Closure Devices Market in Grenada faces challenges related to limited access to advanced medical technologies. The healthcare infrastructure on the island is not equipped with a wide range of modern medical devices, which can restrict the use of high-quality wound closure products. The cost of importing these devices is also a significant barrier, making them unaffordable for many healthcare providers and patients. Furthermore, there is a shortage of trained medical personnel to properly use and manage these devices. Traditional wound care practices still dominate, and transitioning to more advanced solutions is hindered by cultural preferences and economic constraints.
The wound closure devices market in Grenada is heavily influenced by the government`s healthcare policies, which aim to improve the quality of medical care and patient outcomes. The government has focused on improving healthcare infrastructure and increasing the accessibility of medical devices in the country. Policies to modernize medical practices, coupled with the growing demand for advanced wound care solutions in hospitals and clinics, have led to an uptick in the use of wound closure devices. Additionally, government-funded health programs have encouraged the adoption of modern healthcare technologies.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Wound Closure Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wound Closure Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wound Closure Devices Market - Industry Life Cycle |
3.4 Grenada Wound Closure Devices Market - Porter's Five Forces |
3.5 Grenada Wound Closure Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Wound Closure Devices Market Revenues & Volume Share, By Wound Type, 2021 & 2031F |
3.7 Grenada Wound Closure Devices Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Grenada Wound Closure Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic wounds and injuries in Grenada |
4.2.2 Technological advancements in wound closure devices leading to better patient outcomes |
4.2.3 Growing geriatric population in Grenada requiring wound care solutions |
4.3 Market Restraints |
4.3.1 High cost associated with advanced wound closure devices impacting adoption rates |
4.3.2 Lack of awareness and education about the benefits of using wound closure devices in Grenada |
5 Grenada Wound Closure Devices Market Trends |
6 Grenada Wound Closure Devices Market Segmentations |
6.1 Grenada Wound Closure Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wound Closure Devices Market Revenues & Volume, By Adhesives, 2021-2031F |
6.1.3 Grenada Wound Closure Devices Market Revenues & Volume, By Staples, 2021-2031F |
6.1.4 Grenada Wound Closure Devices Market Revenues & Volume, By Sutures, 2021-2031F |
6.1.5 Grenada Wound Closure Devices Market Revenues & Volume, By Strips, 2021-2031F |
6.1.6 Grenada Wound Closure Devices Market Revenues & Volume, By Sealants, 2021-2031F |
6.2 Grenada Wound Closure Devices Market, By Wound Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wound Closure Devices Market Revenues & Volume, By Chronic, 2021-2031F |
6.2.3 Grenada Wound Closure Devices Market Revenues & Volume, By Acute, 2021-2031F |
6.3 Grenada Wound Closure Devices Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Wound Closure Devices Market Revenues & Volume, By Hospital, 2021-2031F |
6.3.3 Grenada Wound Closure Devices Market Revenues & Volume, By Clinics, 2021-2031F |
6.3.4 Grenada Wound Closure Devices Market Revenues & Volume, By Trauma centers, 2021-2031F |
6.3.5 Grenada Wound Closure Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Wound Closure Devices Market Import-Export Trade Statistics |
7.1 Grenada Wound Closure Devices Market Export to Major Countries |
7.2 Grenada Wound Closure Devices Market Imports from Major Countries |
8 Grenada Wound Closure Devices Market Key Performance Indicators |
8.1 Average healing time of wounds using closure devices |
8.2 Rate of complications or infections post closure device usage |
8.3 Patient satisfaction with the effectiveness of wound closure devices |
9 Grenada Wound Closure Devices Market - Opportunity Assessment |
9.1 Grenada Wound Closure Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Wound Closure Devices Market Opportunity Assessment, By Wound Type, 2021 & 2031F |
9.3 Grenada Wound Closure Devices Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Grenada Wound Closure Devices Market - Competitive Landscape |
10.1 Grenada Wound Closure Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wound Closure Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |