| Product Code: ETC7366268 | 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 continues to rely heavily on imports of cardiovascular needles, with the USA, Puerto Rico, Barbados, India, and Trinidad and Tobago being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting limited competition among suppliers. The impressive Compound Annual Growth Rate (CAGR) of 50.01% from 2020 to 2024 demonstrates a rapidly expanding market. Furthermore, the exceptional growth rate of 293.33% from 2023 to 2024 highlights the increasing demand for cardiovascular needles in Grenada.
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 Cardiovascular Needle Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cardiovascular Needle Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cardiovascular Needle Market - Industry Life Cycle |
3.4 Grenada Cardiovascular Needle Market - Porter's Five Forces |
3.5 Grenada Cardiovascular Needle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Cardiovascular Needle Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Cardiovascular Needle Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.8 Grenada Cardiovascular Needle Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Cardiovascular Needle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Cardiovascular Needle Market Trends |
6 Grenada Cardiovascular Needle Market, By Types |
6.1 Grenada Cardiovascular Needle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cardiovascular Needle Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Cardiovascular Needle Market Revenues & Volume, By Round Bodied Needles, 2021- 2031F |
6.1.4 Grenada Cardiovascular Needle Market Revenues & Volume, By Cutting Needles, 2021- 2031F |
6.2 Grenada Cardiovascular Needle Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cardiovascular Needle Market Revenues & Volume, By Open-heart Surgery, 2021- 2031F |
6.2.3 Grenada Cardiovascular Needle Market Revenues & Volume, By Coronary Artery Bypass Graft Surgery, 2021- 2031F |
6.2.4 Grenada Cardiovascular Needle Market Revenues & Volume, By Cardiac Valve Procedures, 2021- 2031F |
6.2.5 Grenada Cardiovascular Needle Market Revenues & Volume, By Heart Transplant, 2021- 2031F |
6.2.6 Grenada Cardiovascular Needle Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Cardiovascular Needle Market, By Usage |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cardiovascular Needle Market Revenues & Volume, By Single Use, 2021- 2031F |
6.3.3 Grenada Cardiovascular Needle Market Revenues & Volume, By Multiple Use, 2021- 2031F |
6.4 Grenada Cardiovascular Needle Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Cardiovascular Needle Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.4.3 Grenada Cardiovascular Needle Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.4.4 Grenada Cardiovascular Needle Market Revenues & Volume, By Clinics, 2021- 2031F |
6.4.5 Grenada Cardiovascular Needle Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Cardiovascular Needle Market Import-Export Trade Statistics |
7.1 Grenada Cardiovascular Needle Market Export to Major Countries |
7.2 Grenada Cardiovascular Needle Market Imports from Major Countries |
8 Grenada Cardiovascular Needle Market Key Performance Indicators |
9 Grenada Cardiovascular Needle Market - Opportunity Assessment |
9.1 Grenada Cardiovascular Needle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Cardiovascular Needle Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Cardiovascular Needle Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.4 Grenada Cardiovascular Needle Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Cardiovascular Needle Market - Competitive Landscape |
10.1 Grenada Cardiovascular Needle Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cardiovascular Needle 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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