| Product Code: ETC7379068 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of prosthetics and orthotics to Grenada saw a remarkable growth trend in 2024, with a high concentration of imports from top exporting countries such as the USA, Barbados, UK, India, and Jamaica. The Herfindahl-Hirschman Index (HHI) remained significantly high, indicating a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 120.32% from 2020 to 2024 highlights the increasing demand for these healthcare products in Grenada. The exceptional growth rate of 1211.2% in 2024 alone signifies a surge in import activity, reflecting the importance of prosthetics and orthotics in meeting the healthcare needs of the population.
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 Prosthetics & Orthotics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Prosthetics & Orthotics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Prosthetics & Orthotics Market - Industry Life Cycle |
3.4 Grenada Prosthetics & Orthotics Market - Porter's Five Forces |
3.5 Grenada Prosthetics & Orthotics Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Grenada Prosthetics & Orthotics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases and disabilities in Grenada |
4.2.2 Growing awareness about the benefits of prosthetics and orthotics in improving quality of life |
4.2.3 Technological advancements leading to the development of more advanced and customizable prosthetic and orthotic devices |
4.3 Market Restraints |
4.3.1 High cost of prosthetics and orthotics limiting access to a significant portion of the population |
4.3.2 Limited availability of skilled professionals in the field of prosthetics and orthotics in Grenada |
5 Grenada Prosthetics & Orthotics Market Trends |
6 Grenada Prosthetics & Orthotics Market, By Types |
6.1 Grenada Prosthetics & Orthotics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Prosthetics & Orthotics Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Prosthetics & Orthotics Market Revenues & Volume, By Orthotic Products, 2021- 2031F |
6.1.4 Grenada Prosthetics & Orthotics Market Revenues & Volume, By Prosthetic Products, 2021- 2031F |
7 Grenada Prosthetics & Orthotics Market Import-Export Trade Statistics |
7.1 Grenada Prosthetics & Orthotics Market Export to Major Countries |
7.2 Grenada Prosthetics & Orthotics Market Imports from Major Countries |
8 Grenada Prosthetics & Orthotics Market Key Performance Indicators |
8.1 Average waiting time for prosthetic and orthotic devices in Grenada |
8.2 Number of public awareness campaigns conducted to educate the population about prosthetics and orthotics |
8.3 Percentage increase in the utilization of prosthetic and orthotic services in Grenada |
9 Grenada Prosthetics & Orthotics Market - Opportunity Assessment |
9.1 Grenada Prosthetics & Orthotics Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Grenada Prosthetics & Orthotics Market - Competitive Landscape |
10.1 Grenada Prosthetics & Orthotics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Prosthetics & Orthotics 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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