| Product Code: ETC7363960 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of artificial heart-lung machines to Grenada in 2024 saw a notable increase in concentration, with the top exporting countries being 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 39.6% from 2020 to 2024 highlights significant market expansion. Furthermore, the growth rate of 8.5% from 2023 to 2024 suggests continued momentum in the importation of these life-saving medical devices.
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 Artificial Heart-Lung Machine Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Artificial Heart-Lung Machine Market - Industry Life Cycle |
3.4 Grenada Artificial Heart-Lung Machine Market - Porter's Five Forces |
3.5 Grenada Artificial Heart-Lung Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Artificial Heart-Lung Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Artificial Heart-Lung Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Technological advancements in artificial heart-lung machine technology |
4.2.2 Growing prevalence of cardiovascular diseases |
4.2.3 Increasing investments and funding in healthcare infrastructure |
4.3 Market Restraints |
4.3.1 High cost associated with artificial heart-lung machines |
4.3.2 Stringent regulatory requirements for medical device approvals |
4.3.3 Limited awareness and adoption of artificial heart-lung machines in certain regions |
5 Grenada Artificial Heart-Lung Machine Market Trends |
6 Grenada Artificial Heart-Lung Machine Market, By Types |
6.1 Grenada Artificial Heart-Lung Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Single Roller Pump, 2021- 2031F |
6.1.4 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Double Roller Pump, 2021- 2031F |
6.2 Grenada Artificial Heart-Lung Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Cardiac Surgery, 2021- 2031F |
6.2.3 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Lung Transplantation Operations, 2021- 2031F |
6.2.4 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Acute Respiratory Failure Treatment, 2021- 2031F |
6.2.5 Grenada Artificial Heart-Lung Machine Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Artificial Heart-Lung Machine Market Import-Export Trade Statistics |
7.1 Grenada Artificial Heart-Lung Machine Market Export to Major Countries |
7.2 Grenada Artificial Heart-Lung Machine Market Imports from Major Countries |
8 Grenada Artificial Heart-Lung Machine Market Key Performance Indicators |
8.1 Number of successful clinical trials using artificial heart-lung machines |
8.2 Adoption rate of artificial heart-lung machines by hospitals and healthcare facilities |
8.3 Rate of innovation and new product development in the artificial heart-lung machine market |
9 Grenada Artificial Heart-Lung Machine Market - Opportunity Assessment |
9.1 Grenada Artificial Heart-Lung Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Artificial Heart-Lung Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Artificial Heart-Lung Machine Market - Competitive Landscape |
10.1 Grenada Artificial Heart-Lung Machine Market Revenue Share, By Companies, 2024 |
10.2 Grenada Artificial Heart-Lung Machine 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.
To discover high-growth global markets and optimize your business strategy:
Click Here