| Product Code: ETC12669286 | 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 |
In 2024, Grenada continued to see a high level of concentration in medical device connectivity import shipments, with top exporting countries being the USA, Jamaica, Saint Lucia, Barbados, and Sweden. The Herfindahl-Hirschman Index (HHI) remained at a very high level, indicating a concentrated market. The compound annual growth rate (CAGR) for the period 2020-2024 was a robust 16.53%, with a notable growth rate of 26.96% from 2023 to 2024. This suggests a strong and growing demand for medical device connectivity solutions in Grenada, with key suppliers driving the market forward.
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 Medical Device Connectivity Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Medical Device Connectivity Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Medical Device Connectivity Market - Industry Life Cycle |
3.4 Grenada Medical Device Connectivity Market - Porter's Five Forces |
3.5 Grenada Medical Device Connectivity Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 Grenada Medical Device Connectivity Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Grenada Medical Device Connectivity Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Medical Device Connectivity Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Medical Device Connectivity Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital health technologies in Grenada |
4.2.2 Growing focus on improving healthcare efficiency and patient outcomes |
4.2.3 Rise in the prevalence of chronic diseases in the region |
4.3 Market Restraints |
4.3.1 Limited healthcare infrastructure and resources in Grenada |
4.3.2 High initial costs associated with implementing medical device connectivity solutions |
4.3.3 Concerns regarding data security and privacy in healthcare |
5 Grenada Medical Device Connectivity Market Trends |
6 Grenada Medical Device Connectivity Market, By Types |
6.1 Grenada Medical Device Connectivity Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Medical Device Connectivity Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 Grenada Medical Device Connectivity Market Revenues & Volume, By Wired Systems, 2021 - 2031F |
6.1.4 Grenada Medical Device Connectivity Market Revenues & Volume, By Wireless Systems, 2021 - 2031F |
6.1.5 Grenada Medical Device Connectivity Market Revenues & Volume, By Hybrid Systems, 2021 - 2031F |
6.1.6 Grenada Medical Device Connectivity Market Revenues & Volume, By Network Security Solutions, 2021 - 2031F |
6.2 Grenada Medical Device Connectivity Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Grenada Medical Device Connectivity Market Revenues & Volume, By Patient Monitoring, 2021 - 2031F |
6.2.3 Grenada Medical Device Connectivity Market Revenues & Volume, By Telemedicine, 2021 - 2031F |
6.2.4 Grenada Medical Device Connectivity Market Revenues & Volume, By Imaging Systems, 2021 - 2031F |
6.2.5 Grenada Medical Device Connectivity Market Revenues & Volume, By Anesthesia Machines, 2021 - 2031F |
6.3 Grenada Medical Device Connectivity Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Medical Device Connectivity Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Grenada Medical Device Connectivity Market Revenues & Volume, By Clinics, 2021 - 2031F |
6.3.4 Grenada Medical Device Connectivity Market Revenues & Volume, By Ambulatory Surgical Centers, 2021 - 2031F |
6.3.5 Grenada Medical Device Connectivity Market Revenues & Volume, By Long-Term Care Facilities, 2021 - 2031F |
6.4 Grenada Medical Device Connectivity Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Medical Device Connectivity Market Revenues & Volume, By Connectivity Hubs, 2021 - 2031F |
6.4.3 Grenada Medical Device Connectivity Market Revenues & Volume, By Integration Software, 2021 - 2031F |
6.4.4 Grenada Medical Device Connectivity Market Revenues & Volume, By Interface Devices, 2021 - 2031F |
6.4.5 Grenada Medical Device Connectivity Market Revenues & Volume, By Telemetry Devices, 2021 - 2031F |
7 Grenada Medical Device Connectivity Market Import-Export Trade Statistics |
7.1 Grenada Medical Device Connectivity Market Export to Major Countries |
7.2 Grenada Medical Device Connectivity Market Imports from Major Countries |
8 Grenada Medical Device Connectivity Market Key Performance Indicators |
8.1 Percentage increase in the number of healthcare facilities adopting medical device connectivity solutions |
8.2 Average time saved per patient through the use of connected medical devices |
8.3 Number of successful interoperability projects between different healthcare systems |
8.4 Percentage reduction in medical errors attributed to improved connectivity |
8.5 Level of patient satisfaction with the use of connected medical devices |
9 Grenada Medical Device Connectivity Market - Opportunity Assessment |
9.1 Grenada Medical Device Connectivity Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 Grenada Medical Device Connectivity Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Grenada Medical Device Connectivity Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Medical Device Connectivity Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Medical Device Connectivity Market - Competitive Landscape |
10.1 Grenada Medical Device Connectivity Market Revenue Share, By Companies, 2024 |
10.2 Grenada Medical Device Connectivity 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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