| Product Code: ETC7373958 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to witness a significant influx of lower limb prosthetics imports, with key exporting countries including the USA, UK, Barbados, India, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 18.84% from 2020 to 2024, along with a growth rate of 19.62% in 2024, underlines the sustained momentum and demand for lower limb prosthetics in Grenada. This data suggests a thriving market with opportunities for further expansion and innovation in the prosthetics industry.
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 Lower Limb Prosthetics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lower Limb Prosthetics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lower Limb Prosthetics Market - Industry Life Cycle |
3.4 Grenada Lower Limb Prosthetics Market - Porter's Five Forces |
3.5 Grenada Lower Limb Prosthetics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Lower Limb Prosthetics Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Lower Limb Prosthetics Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Lower Limb Prosthetics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of lower limb amputations due to conditions such as diabetes and vascular diseases |
4.2.2 Technological advancements in lower limb prosthetics leading to improved functionality and comfort for users |
4.2.3 Rising awareness about the importance of rehabilitation and mobility support for amputees |
4.3 Market Restraints |
4.3.1 High cost associated with lower limb prosthetics and limited insurance coverage in Grenada |
4.3.2 Lack of skilled healthcare professionals specializing in prosthetics and rehabilitation services |
4.3.3 Limited access to advanced prosthetic technologies in Grenada |
5 Grenada Lower Limb Prosthetics Market Trends |
6 Grenada Lower Limb Prosthetics Market, By Types |
6.1 Grenada Lower Limb Prosthetics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Prosthetic Foot, 2021- 2031F |
6.1.4 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Prosthetic Knee, 2021- 2031F |
6.1.5 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Prosthetic Leg, 2021- 2031F |
6.1.6 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Prosthetic Ankle, 2021- 2031F |
6.1.7 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Prosthetic Hip, 2021- 2031F |
6.2 Grenada Lower Limb Prosthetics Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Conventional Lower Extremity Prosthetics, 2021- 2031F |
6.2.3 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Electric Powered Lower Extremity Prosthetics, 2021- 2031F |
6.2.4 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Hybrid Lower Extremity Prosthetics, 2021- 2031F |
6.3 Grenada Lower Limb Prosthetics Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Grenada Lower Limb Prosthetics Market Revenues & Volume, By Clinics, 2021- 2031F |
7 Grenada Lower Limb Prosthetics Market Import-Export Trade Statistics |
7.1 Grenada Lower Limb Prosthetics Market Export to Major Countries |
7.2 Grenada Lower Limb Prosthetics Market Imports from Major Countries |
8 Grenada Lower Limb Prosthetics Market Key Performance Indicators |
8.1 Average waiting time for lower limb prosthetics fittings and adjustments |
8.2 Number of rehabilitation centers offering prosthetic services in Grenada |
8.3 Patient satisfaction with the functionality and comfort of lower limb prosthetics provided |
9 Grenada Lower Limb Prosthetics Market - Opportunity Assessment |
9.1 Grenada Lower Limb Prosthetics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Lower Limb Prosthetics Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Lower Limb Prosthetics Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Lower Limb Prosthetics Market - Competitive Landscape |
10.1 Grenada Lower Limb Prosthetics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lower Limb Prosthetics 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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