| Product Code: ETC12687910 | 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 |
Grenada`s medtech import market continues to thrive in 2024, with top exporters including the USA, Iceland, Canada, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 38.06% from 2020 to 2024 reflects strong industry expansion. Moreover, the growth rate of 10.13% from 2023 to 2024 demonstrates sustained momentum in import shipments. Grenada`s reliance on key exporting countries coupled with significant growth rates signifies a robust and dynamic medtech import sector.
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 MedTech Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada MedTech Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada MedTech Market - Industry Life Cycle |
3.4 Grenada MedTech Market - Porter's Five Forces |
3.5 Grenada MedTech Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada MedTech Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Grenada MedTech Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.8 Grenada MedTech Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada MedTech Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced healthcare solutions in Grenada |
4.2.2 Government initiatives to improve healthcare infrastructure and access |
4.2.3 Technological advancements in the field of medical technology |
4.3 Market Restraints |
4.3.1 Limited healthcare budget and resources in Grenada |
4.3.2 Regulatory challenges and compliance issues |
4.3.3 Lack of skilled healthcare professionals in the medtech sector |
5 Grenada MedTech Market Trends |
6 Grenada MedTech Market, By Types |
6.1 Grenada MedTech Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada MedTech Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada MedTech Market Revenues & Volume, By Diagnostic Devices, 2021 - 2031F |
6.1.4 Grenada MedTech Market Revenues & Volume, By Therapeutic Devices, 2021 - 2031F |
6.1.5 Grenada MedTech Market Revenues & Volume, By Monitoring Devices, 2021 - 2031F |
6.1.6 Grenada MedTech Market Revenues & Volume, By Supportive Devices, 2021 - 2031F |
6.2 Grenada MedTech Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada MedTech Market Revenues & Volume, By Imaging Systems, 2021 - 2031F |
6.2.3 Grenada MedTech Market Revenues & Volume, By Surgical Instruments, 2021 - 2031F |
6.2.4 Grenada MedTech Market Revenues & Volume, By Wearable Health Tech, 2021 - 2031F |
6.2.5 Grenada MedTech Market Revenues & Volume, By Prosthetics, 2021 - 2031F |
6.3 Grenada MedTech Market, By Application Area |
6.3.1 Overview and Analysis |
6.3.2 Grenada MedTech Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 Grenada MedTech Market Revenues & Volume, By Clinics, 2021 - 2031F |
6.3.4 Grenada MedTech Market Revenues & Volume, By Home Care, 2021 - 2031F |
6.3.5 Grenada MedTech Market Revenues & Volume, By Rehabilitation Centers, 2021 - 2031F |
6.4 Grenada MedTech Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada MedTech Market Revenues & Volume, By Healthcare Providers, 2021 - 2031F |
6.4.3 Grenada MedTech Market Revenues & Volume, By Medical Professionals, 2021 - 2031F |
6.4.4 Grenada MedTech Market Revenues & Volume, By Patients, 2021 - 2031F |
6.4.5 Grenada MedTech Market Revenues & Volume, By Elderly, 2021 - 2031F |
7 Grenada MedTech Market Import-Export Trade Statistics |
7.1 Grenada MedTech Market Export to Major Countries |
7.2 Grenada MedTech Market Imports from Major Countries |
8 Grenada MedTech Market Key Performance Indicators |
8.1 Adoption rate of new medical technologies in Grenada |
8.2 Percentage of healthcare facilities equipped with advanced medtech solutions |
8.3 Rate of government investment in healthcare infrastructure development |
9 Grenada MedTech Market - Opportunity Assessment |
9.1 Grenada MedTech Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada MedTech Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Grenada MedTech Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.4 Grenada MedTech Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada MedTech Market - Competitive Landscape |
10.1 Grenada MedTech Market Revenue Share, By Companies, 2024 |
10.2 Grenada MedTech 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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