| Product Code: ETC7373957 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s import shipments of lower extremity devices in 2024 saw significant growth, with the USA, Barbados, UK, India, and Jamaica emerging as top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 120.63% from 2020 to 2024 highlights a rapidly expanding industry. The astonishing growth rate of 1757.28% from 2023 to 2024 suggests a surge in demand for lower extremity devices in Grenada, making it a key market to watch for industry players.
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 Lower Extremity Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lower Extremity Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lower Extremity Devices Market - Industry Life Cycle |
3.4 Grenada Lower Extremity Devices Market - Porter's Five Forces |
3.5 Grenada Lower Extremity Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Lower Extremity Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Lower Extremity Devices Market Revenues & Volume Share, By Distribution channel, 2021 & 2031F |
4 Grenada Lower Extremity Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of lower extremity disorders in Grenada |
4.2.2 Technological advancements in lower extremity devices |
4.2.3 Rising healthcare expenditure and focus on improving healthcare infrastructure in Grenada |
4.3 Market Restraints |
4.3.1 High cost associated with lower extremity devices |
4.3.2 Limited awareness about advanced lower extremity treatments and devices in Grenada |
4.3.3 Stringent regulatory requirements for lower extremity devices in the market |
5 Grenada Lower Extremity Devices Market Trends |
6 Grenada Lower Extremity Devices Market, By Types |
6.1 Grenada Lower Extremity Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lower Extremity Devices Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Lower Extremity Devices Market Revenues & Volume, By Knee orthotics, 2021- 2031F |
6.1.4 Grenada Lower Extremity Devices Market Revenues & Volume, By Foot and ankle orthotics, 2021- 2031F |
6.1.5 Grenada Lower Extremity Devices Market Revenues & Volume, By Hip orthotics, 2021- 2031F |
6.2 Grenada Lower Extremity Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lower Extremity Devices Market Revenues & Volume, By Trauma and fractures, 2021- 2031F |
6.2.3 Grenada Lower Extremity Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Lower Extremity Devices Market, By Distribution channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lower Extremity Devices Market Revenues & Volume, By Hospitals and surgical centers, 2021- 2031F |
6.3.3 Grenada Lower Extremity Devices Market Revenues & Volume, By Retail pharmacies, 2021- 2031F |
7 Grenada Lower Extremity Devices Market Import-Export Trade Statistics |
7.1 Grenada Lower Extremity Devices Market Export to Major Countries |
7.2 Grenada Lower Extremity Devices Market Imports from Major Countries |
8 Grenada Lower Extremity Devices Market Key Performance Indicators |
8.1 Number of lower extremity device procedures performed annually in Grenada |
8.2 Adoption rate of advanced lower extremity devices in healthcare facilities |
8.3 Patient satisfaction rates with lower extremity devices |
8.4 Average waiting time for lower extremity device implantation surgery |
8.5 Rate of complications or failures associated with lower extremity devices in Grenada |
9 Grenada Lower Extremity Devices Market - Opportunity Assessment |
9.1 Grenada Lower Extremity Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Lower Extremity Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Lower Extremity Devices Market Opportunity Assessment, By Distribution channel, 2021 & 2031F |
10 Grenada Lower Extremity Devices Market - Competitive Landscape |
10.1 Grenada Lower Extremity Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lower Extremity 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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