| Product Code: ETC7364145 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to heavily rely on imports of audiological devices, with the top exporting countries being the USA, UK, Saint Lucia, Trinidad and Tobago, and Guyana. The market showed a high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. However, there was a negative Compound Annual Growth Rate (CAGR) of -3.64% from 2020 to 2024, indicating a decline in the market. The growth rate from 2023 to 2024 further decreased by -4.08%, highlighting challenges in the audiological devices import market in Grenada.
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 Audiological Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Audiological Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Audiological Devices Market - Industry Life Cycle |
3.4 Grenada Audiological Devices Market - Porter's Five Forces |
3.5 Grenada Audiological Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Audiological Devices Market Revenues & Volume Share, By Disease Type, 2021 & 2031F |
3.7 Grenada Audiological Devices Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Audiological Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of hearing loss in Grenada |
4.2.2 Growing awareness about audiological devices and hearing healthcare |
4.2.3 Technological advancements in audiological devices |
4.3 Market Restraints |
4.3.1 High cost of audiological devices |
4.3.2 Limited access to audiological services in remote areas of Grenada |
5 Grenada Audiological Devices Market Trends |
6 Grenada Audiological Devices Market, By Types |
6.1 Grenada Audiological Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Audiological Devices Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Audiological Devices Market Revenues & Volume, By Hearing Aids, 2021- 2031F |
6.1.4 Grenada Audiological Devices Market Revenues & Volume, By Cochlear Implants, 2021- 2031F |
6.1.5 Grenada Audiological Devices Market Revenues & Volume, By Bone Anchored Hearing Aids, 2021- 2031F |
6.1.6 Grenada Audiological Devices Market Revenues & Volume, By Diagnostic Devices, 2021- 2031F |
6.1.7 Grenada Audiological Devices Market Revenues & Volume, By Audiometers, 2021- 2031F |
6.2 Grenada Audiological Devices Market, By Disease Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Audiological Devices Market Revenues & Volume, By Otosclerosis, 2021- 2031F |
6.2.3 Grenada Audiological Devices Market Revenues & Volume, By Meniere's Disease, 2021- 2031F |
6.2.4 Grenada Audiological Devices Market Revenues & Volume, By Acoustic Tumors, 2021- 2031F |
6.2.5 Grenada Audiological Devices Market Revenues & Volume, By Otitis Media, 2021- 2031F |
6.2.6 Grenada Audiological Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Audiological Devices Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Grenada Audiological Devices Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Grenada Audiological Devices Market Revenues & Volume, By Ambulatory Surgery Centers, 2021- 2031F |
6.3.4 Grenada Audiological Devices Market Revenues & Volume, By Clinics, 2021- 2031F |
7 Grenada Audiological Devices Market Import-Export Trade Statistics |
7.1 Grenada Audiological Devices Market Export to Major Countries |
7.2 Grenada Audiological Devices Market Imports from Major Countries |
8 Grenada Audiological Devices Market Key Performance Indicators |
8.1 Percentage of population receiving regular hearing screenings |
8.2 Number of audiological clinics or centers in Grenada |
8.3 Adoption rate of advanced audiological technologies |
9 Grenada Audiological Devices Market - Opportunity Assessment |
9.1 Grenada Audiological Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Audiological Devices Market Opportunity Assessment, By Disease Type, 2021 & 2031F |
9.3 Grenada Audiological Devices Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Audiological Devices Market - Competitive Landscape |
10.1 Grenada Audiological Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Audiological Devices 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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