| Product Code: ETC5370313 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada Medical Devices Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 0.56% in 2025 and reaches 3.00% by 2029.

By 2027, Grenada's Medical Devices market is forecasted to achieve a stable growth rate of 1.20%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Medical Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Medical Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Medical Devices Market - Industry Life Cycle |
3.4 Grenada Medical Devices Market - Porter's Five Forces |
3.5 Grenada Medical Devices Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Grenada Medical Devices Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Medical 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 medical devices |
4.2.2 Growing awareness about the importance of healthcare and medical devices in Grenada |
4.2.3 Technological advancements in medical devices improving healthcare services in Grenada |
4.3 Market Restraints |
4.3.1 Limited healthcare infrastructure in Grenada hindering the adoption of advanced medical devices |
4.3.2 Stringent regulatory requirements for medical devices in Grenada leading to longer approval processes |
4.3.3 High cost associated with purchasing and maintaining medical devices in Grenada |
5 Grenada Medical Devices Market Trends |
6 Grenada Medical Devices Market Segmentations |
6.1 Grenada Medical Devices Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Grenada Medical Devices Market Revenues & Volume, By Orthopedic Devices, 2021-2031F |
6.1.3 Grenada Medical Devices Market Revenues & Volume, By Cardiovascular Devices, 2021-2031F |
6.1.4 Grenada Medical Devices Market Revenues & Volume, By Diagnostic Devices, 2021-2031F |
6.1.5 Grenada Medical Devices Market Revenues & Volume, By IVD, 2021-2031F |
6.1.6 Grenada Medical Devices Market Revenues & Volume, By MIS, 2021-2031F |
6.1.7 Grenada Medical Devices Market Revenues & Volume, By Wound Management, 2021-2031F |
6.1.9 Grenada Medical Devices Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Grenada Medical Devices Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Medical Devices Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Medical Devices Market Revenues & Volume, By Hospitals & Ambulatory Surgical Centers, 2021-2031F |
6.2.3 Grenada Medical Devices Market Revenues & Volume, By Clinics, 2021-2031F |
6.2.4 Grenada Medical Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Medical Devices Market Import-Export Trade Statistics |
7.1 Grenada Medical Devices Market Export to Major Countries |
7.2 Grenada Medical Devices Market Imports from Major Countries |
8 Grenada Medical Devices Market Key Performance Indicators |
8.1 Adoption rate of new medical technologies in Grenada |
8.2 Percentage of healthcare facilities in Grenada equipped with essential medical devices |
8.3 Rate of healthcare expenditure allocated to medical devices in Grenada |
9 Grenada Medical Devices Market - Opportunity Assessment |
9.1 Grenada Medical Devices Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Grenada Medical Devices Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Medical Devices Market - Competitive Landscape |
10.1 Grenada Medical Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Medical 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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