| Product Code: ETC7374051 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada witnessed a significant increase in import shipments of MRI-compatible IV infusion pump systems in 2024, with top exporters being the USA, Iceland, Canada, Barbados, and Italy. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, indicating potential challenges for new entrants. The impressive Compound Annual Growth Rate (CAGR) of 37.09% from 2020 to 2024 points towards a rapidly expanding market. Moreover, the growth rate of 5.57% from 2023 to 2024 indicates sustained momentum in the industry, presenting lucrative opportunities for stakeholders in the coming years.
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 MRI - Compatible IV Infusion Pump Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada MRI - Compatible IV Infusion Pump Systems Market - Industry Life Cycle |
3.4 Grenada MRI - Compatible IV Infusion Pump Systems Market - Porter's Five Forces |
3.5 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Grenada MRI - Compatible IV Infusion Pump Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for MRI-compatible IV infusion pump systems due to the rising number of MRI procedures being conducted globally. |
4.2.2 Technological advancements leading to the development of more efficient and user-friendly MRI-compatible IV infusion pump systems. |
4.2.3 Growing focus on patient safety and the need for accurate drug delivery during MRI procedures, driving the adoption of these specialized infusion pump systems. |
4.3 Market Restraints |
4.3.1 High initial costs associated with the procurement and installation of MRI-compatible IV infusion pump systems, limiting adoption especially in smaller healthcare facilities. |
4.3.2 Stringent regulatory requirements and standards for MRI-compatible medical devices, leading to longer approval processes and potentially delaying market entry for new products. |
5 Grenada MRI - Compatible IV Infusion Pump Systems Market Trends |
6 Grenada MRI - Compatible IV Infusion Pump Systems Market, By Types |
6.1 Grenada MRI - Compatible IV Infusion Pump Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Non-magnetic Pump System, 2021- 2031F |
6.1.4 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Magnetic Pump System with Shielding, 2021- 2031F |
6.1.5 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Tubing and Disposables, 2021- 2031F |
6.2 Grenada MRI - Compatible IV Infusion Pump Systems Market, By End user |
6.2.1 Overview and Analysis |
6.2.2 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.2.4 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenues & Volume, By Diagnostics and Imaging Centres, 2021- 2031F |
7 Grenada MRI - Compatible IV Infusion Pump Systems Market Import-Export Trade Statistics |
7.1 Grenada MRI - Compatible IV Infusion Pump Systems Market Export to Major Countries |
7.2 Grenada MRI - Compatible IV Infusion Pump Systems Market Imports from Major Countries |
8 Grenada MRI - Compatible IV Infusion Pump Systems Market Key Performance Indicators |
8.1 Rate of adoption of MRI-compatible IV infusion pump systems in healthcare facilities. |
8.2 Number of MRI procedures performed annually globally. |
8.3 Percentage of healthcare facilities equipped with MRI machines that also have MRI-compatible IV infusion pump systems installed. |
8.4 Level of investment in research and development for enhancing the technology and features of MRI-compatible IV infusion pump systems. |
8.5 Patient satisfaction scores related to the use of MRI-compatible IV infusion pump systems during MRI procedures. |
9 Grenada MRI - Compatible IV Infusion Pump Systems Market - Opportunity Assessment |
9.1 Grenada MRI - Compatible IV Infusion Pump Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada MRI - Compatible IV Infusion Pump Systems Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Grenada MRI - Compatible IV Infusion Pump Systems Market - Competitive Landscape |
10.1 Grenada MRI - Compatible IV Infusion Pump Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada MRI - Compatible IV Infusion Pump Systems 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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