| Product Code: ETC7366232 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw a significant increase in imports of cardiac surgery devices, with the top exporting countries being the USA, Iceland, Canada, Italy, and China. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 38.06% from 2020 to 2024 reflects a thriving market for cardiac surgery devices in Grenada. Additionally, the growth rate of 10.13% from 2023 to 2024 suggests continued momentum in the industry, signaling opportunities for both suppliers and healthcare providers in the country.
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 Cardiac Surgery Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cardiac Surgery Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cardiac Surgery Devices Market - Industry Life Cycle |
3.4 Grenada Cardiac Surgery Devices Market - Porter's Five Forces |
3.5 Grenada Cardiac Surgery Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Cardiac Surgery Devices Market Revenues & Volume Share, By Procedure, 2021 & 2031F |
3.7 Grenada Cardiac Surgery Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Cardiac Surgery Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Cardiac Surgery Devices Market Trends |
6 Grenada Cardiac Surgery Devices Market, By Types |
6.1 Grenada Cardiac Surgery Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Heart Lung Machine, 2021- 2031F |
6.1.4 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Breathing Heart Surgery Systems, 2021- 2031F |
6.1.5 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Catheters, 2021- 2031F |
6.1.6 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Perfusion Disposables, 2021- 2031F |
6.2 Grenada Cardiac Surgery Devices Market, By Procedure |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Coronary Artery Bypass Grafting, 2021- 2031F |
6.2.3 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Minimally Invasive Surgery, 2021- 2031F |
6.3 Grenada Cardiac Surgery Devices Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Grenada Cardiac Surgery Devices Market Revenues & Volume, By Ambulatory Surgical Centres, 2021- 2031F |
7 Grenada Cardiac Surgery Devices Market Import-Export Trade Statistics |
7.1 Grenada Cardiac Surgery Devices Market Export to Major Countries |
7.2 Grenada Cardiac Surgery Devices Market Imports from Major Countries |
8 Grenada Cardiac Surgery Devices Market Key Performance Indicators |
9 Grenada Cardiac Surgery Devices Market - Opportunity Assessment |
9.1 Grenada Cardiac Surgery Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Cardiac Surgery Devices Market Opportunity Assessment, By Procedure, 2021 & 2031F |
9.3 Grenada Cardiac Surgery Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Cardiac Surgery Devices Market - Competitive Landscape |
10.1 Grenada Cardiac Surgery Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cardiac Surgery Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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