| Product Code: ETC4930216 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s cardiovascular devices import market saw a significant surge in 2024, with the USA, Iceland, Canada, Barbados, and Italy emerging as key exporters. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. A notable compound annual growth rate (CAGR) of 37.09% from 2020 to 2024 signals robust expansion, further reinforced by a 5.57% growth rate in 2023-24. This suggests a growing demand for cardiovascular devices in Grenada, driven by advancements in healthcare infrastructure and an increasing focus on cardiovascular health.
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 Cardiovascular Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cardiovascular Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cardiovascular Devices Market - Industry Life Cycle |
3.4 Grenada Cardiovascular Devices Market - Porter's Five Forces |
3.5 Grenada Cardiovascular Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Grenada Cardiovascular Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Cardiovascular Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Cardiovascular Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Cardiovascular Devices Market Trends |
6 Grenada Cardiovascular Devices Market Segmentations |
6.1 Grenada Cardiovascular Devices Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cardiovascular Devices Market Revenues & Volume, By Diagnostic and Monitoring Devices, 2021-2031F |
6.1.3 Grenada Cardiovascular Devices Market Revenues & Volume, By Therapeutic and Surgical Devices, 2021-2031F |
6.2 Grenada Cardiovascular Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cardiovascular Devices Market Revenues & Volume, By Coronary Artery Disease (CAD), 2021-2031F |
6.2.3 Grenada Cardiovascular Devices Market Revenues & Volume, By Cardiac Arrhythmia, 2021-2031F |
6.2.4 Grenada Cardiovascular Devices Market Revenues & Volume, By Heart Failure, 2021-2031F |
6.2.5 Grenada Cardiovascular Devices Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Cardiovascular Devices Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cardiovascular Devices Market Revenues & Volume, By Hospitals, 2021-2031F |
6.3.3 Grenada Cardiovascular Devices Market Revenues & Volume, By Specialty Clinics, 2021-2031F |
6.3.4 Grenada Cardiovascular Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Cardiovascular Devices Market Import-Export Trade Statistics |
7.1 Grenada Cardiovascular Devices Market Export to Major Countries |
7.2 Grenada Cardiovascular Devices Market Imports from Major Countries |
8 Grenada Cardiovascular Devices Market Key Performance Indicators |
9 Grenada Cardiovascular Devices Market - Opportunity Assessment |
9.1 Grenada Cardiovascular Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Grenada Cardiovascular Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Cardiovascular Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Cardiovascular Devices Market - Competitive Landscape |
10.1 Grenada Cardiovascular Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cardiovascular 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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