| Product Code: ETC12353254 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of heart pump devices in Grenada saw significant growth in 2024, with top exporting countries being the USA, Iceland, Canada, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 33.9%, showcasing a thriving market. The growth rate from 2023 to 2024 remained positive at 2.74%, indicating continued expansion and opportunities in the heart pump device sector 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 Heart Pump Device Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Heart Pump Device Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Heart Pump Device Market - Industry Life Cycle |
3.4 Grenada Heart Pump Device Market - Porter's Five Forces |
3.5 Grenada Heart Pump Device Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Grenada Heart Pump Device Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Heart Pump Device Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Grenada Heart Pump Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Heart Pump Device Market Trends |
6 Grenada Heart Pump Device Market, By Types |
6.1 Grenada Heart Pump Device Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Heart Pump Device Market Revenues & Volume, By Device Type, 2021 - 2031F |
6.1.3 Grenada Heart Pump Device Market Revenues & Volume, By Implanted Heart Pump Devices, 2021 - 2031F |
6.1.4 Grenada Heart Pump Device Market Revenues & Volume, By Extracorporeal Heart Pump Devices, 2021 - 2031F |
6.2 Grenada Heart Pump Device Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Heart Pump Device Market Revenues & Volume, By Left Ventricular Assist Devices (VADs), 2021 - 2031F |
6.2.3 Grenada Heart Pump Device Market Revenues & Volume, By Right Ventricular Assist Devices (VADs), 2021 - 2031F |
6.2.4 Grenada Heart Pump Device Market Revenues & Volume, By BiVAD Ventricular Assist Devices (VADs), 2021 - 2031F |
6.2.5 Grenada Heart Pump Device Market Revenues & Volume, By Percutaneous Ventricular Assist Devices (VADs), 2021 - 2031F |
6.2.6 Grenada Heart Pump Device Market Revenues & Volume, By Total Artificial Hearts (TAH), 2021 - 2031F |
6.2.7 Grenada Heart Pump Device Market Revenues & Volume, By Intra-Aortic Balloon Pumps (IABPs), 2021 - 2029F |
6.3 Grenada Heart Pump Device Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Heart Pump Device Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Grenada Heart Pump Device Market Revenues & Volume, By Cardiac Centers, 2021 - 2031F |
6.3.4 Grenada Heart Pump Device Market Revenues & Volume, By Research Institutes, 2021 - 2031F |
7 Grenada Heart Pump Device Market Import-Export Trade Statistics |
7.1 Grenada Heart Pump Device Market Export to Major Countries |
7.2 Grenada Heart Pump Device Market Imports from Major Countries |
8 Grenada Heart Pump Device Market Key Performance Indicators |
9 Grenada Heart Pump Device Market - Opportunity Assessment |
9.1 Grenada Heart Pump Device Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Grenada Heart Pump Device Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Heart Pump Device Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Grenada Heart Pump Device Market - Competitive Landscape |
10.1 Grenada Heart Pump Device Market Revenue Share, By Companies, 2024 |
10.2 Grenada Heart Pump Device 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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