| Product Code: ETC5826617 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a significant decline in the CAGR from 2020 to 2024, the Grenada ultrasound devices import market experienced a remarkable growth rate of 309.4% in 2024. The top exporting countries to Grenada, including the Netherlands, USA, Guatemala, China, and Denmark, indicate a diverse market source. However, the high Herfindahl-Hirschman Index (HHI) suggests a concentrated market landscape, potentially dominated by a few key players. This growth trend in 2024 could signal opportunities for market expansion and increased competition among suppliers in the coming years.
The ultrasound devices market in Grenada is expanding as the healthcare sector invests in diagnostic and therapeutic technologies. Ultrasound devices are widely used for imaging applications in obstetrics, cardiology, and other medical fields due to their non-invasive and real-time imaging capabilities. The growing prevalence of chronic diseases and the need for accessible diagnostic tools in Grenada are driving demand for ultrasound devices. Innovations such as portable and handheld ultrasound systems are making these devices more accessible, further fueling market growth.
The ultrasound devices market in Grenada is driven by the growing need for diagnostic imaging solutions in the healthcare sector. With increasing healthcare access and rising health concerns, ultrasound is becoming a preferred imaging modality due to its non-invasive nature and relatively low cost. The aging population and a rise in chronic conditions further drive the need for diagnostic equipment such as ultrasound devices. Additionally, advancements in ultrasound technology, including portable devices and enhanced imaging capabilities, improve accessibility and accuracy, contributing to the growth of the ultrasound devices market in Grenada.
The ultrasound devices market in Grenada is constrained by the limited financial capacity of healthcare facilities, which often struggle to invest in advanced medical equipment. The small population and healthcare market further restrict the scale of operations and revenue potential for ultrasound device providers. Additionally, the lack of trained professionals to operate ultrasound equipment and provide ongoing maintenance is a significant challenge. The distribution of healthcare resources is uneven, with rural areas being particularly underserved, limiting the overall penetration of ultrasound technology in the country.
The ultrasound devices market in Grenada is primarily driven by the healthcare sector, with increasing demand for non-invasive diagnostic tools. The government has made strides in improving healthcare infrastructure and access to medical technologies, which is expected to lead to greater demand for ultrasound devices in hospitals and clinics. Policies focusing on improving maternal and child health, as well as general healthcare services, are central to the market`s growth. Government-funded health programs and collaborations with international organizations are likely to support the adoption of ultrasound technologies in Grenada`s healthcare system.
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 Ultrasound Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ultrasound Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ultrasound Devices Market - Industry Life Cycle |
3.4 Grenada Ultrasound Devices Market - Porter's Five Forces |
3.5 Grenada Ultrasound Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Ultrasound Devices Market Revenues & Volume Share, By Device Display, 2021 & 2031F |
3.7 Grenada Ultrasound Devices Market Revenues & Volume Share, By Device Portability, 2021 & 2031F |
3.8 Grenada Ultrasound Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Ultrasound Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases in Grenada leading to higher demand for diagnostic imaging services including ultrasound devices |
4.2.2 Growing healthcare infrastructure and investments in Grenada, leading to improved access to healthcare facilities equipped with ultrasound devices |
4.2.3 Technological advancements in ultrasound devices, making them more efficient and accurate in diagnosis |
4.3 Market Restraints |
4.3.1 High cost associated with ultrasound devices, limiting affordability for some healthcare facilities in Grenada |
4.3.2 Limited skilled healthcare professionals trained in operating and interpreting ultrasound devices, affecting the utilization of these devices effectively |
4.3.3 Regulatory challenges and compliance requirements impacting the import and distribution of ultrasound devices in Grenada |
5 Grenada Ultrasound Devices Market Trends |
6 Grenada Ultrasound Devices Market Segmentations |
6.1 Grenada Ultrasound Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ultrasound Devices Market Revenues & Volume, By Diagnostic Ultrasound Systems, 2021-2031F |
6.1.3 Grenada Ultrasound Devices Market Revenues & Volume, By Therapeutic Ultrasound Systems, 2021-2031F |
6.2 Grenada Ultrasound Devices Market, By Device Display |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ultrasound Devices Market Revenues & Volume, By Color Ultrasound Devices, 2021-2031F |
6.2.3 Grenada Ultrasound Devices Market Revenues & Volume, By Black & White (B/W) Ultrasound Devices, 2021-2031F |
6.3 Grenada Ultrasound Devices Market, By Device Portability |
6.3.1 Overview and Analysis |
6.3.2 Grenada Ultrasound Devices Market Revenues & Volume, By Trolley/Cart-Based Ultrasound Devices, 2021-2031F |
6.3.3 Grenada Ultrasound Devices Market Revenues & Volume, By Compact/Handheld Ultrasound Devices, 2021-2031F |
6.4 Grenada Ultrasound Devices Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Ultrasound Devices Market Revenues & Volume, By Radiology/General Imaging, 2021-2031F |
6.4.3 Grenada Ultrasound Devices Market Revenues & Volume, By Obstetrics/Gynecology, 2021-2031F |
6.4.4 Grenada Ultrasound Devices Market Revenues & Volume, By Cardiology, 2021-2031F |
6.4.5 Grenada Ultrasound Devices Market Revenues & Volume, By Urology, 2021-2031F |
6.4.6 Grenada Ultrasound Devices Market Revenues & Volume, By Vascular, 2021-2031F |
6.4.7 Grenada Ultrasound Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Ultrasound Devices Market Import-Export Trade Statistics |
7.1 Grenada Ultrasound Devices Market Export to Major Countries |
7.2 Grenada Ultrasound Devices Market Imports from Major Countries |
8 Grenada Ultrasound Devices Market Key Performance Indicators |
8.1 Percentage increase in the number of ultrasound procedures conducted annually in Grenada |
8.2 Rate of adoption of advanced ultrasound technologies in healthcare facilities in Grenada |
8.3 Average waiting time for patients to undergo ultrasound examinations in Grenada |
9 Grenada Ultrasound Devices Market - Opportunity Assessment |
9.1 Grenada Ultrasound Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Ultrasound Devices Market Opportunity Assessment, By Device Display, 2021 & 2031F |
9.3 Grenada Ultrasound Devices Market Opportunity Assessment, By Device Portability, 2021 & 2031F |
9.4 Grenada Ultrasound Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Ultrasound Devices Market - Competitive Landscape |
10.1 Grenada Ultrasound Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ultrasound Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |