| Product Code: ETC7364229 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for automated nucleic acid extraction devices in Grenada continued to show strong growth in 2024, with a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market. Top exporting countries include Trinidad and Tobago, USA, China, Canada, and Panama, reflecting the global nature of the industry. The impressive compound annual growth rate (CAGR) of 12.39% from 2020 to 2024 demonstrates sustained market expansion, while the growth rate of 2.23% in 2024 indicates continued positive momentum in the industry. Grenada`s reliance on imports for these devices underscores the importance of international trade partnerships in meeting the country`s healthcare needs.
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 Automated Nucleic Acid Extraction Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automated Nucleic Acid Extraction Devices Market - Industry Life Cycle |
3.4 Grenada Automated Nucleic Acid Extraction Devices Market - Porter's Five Forces |
3.5 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Automated Nucleic Acid Extraction Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automation in nucleic acid extraction processes |
4.2.2 Growing prevalence of infectious diseases driving the need for efficient nucleic acid extraction |
4.2.3 Technological advancements leading to the development of more efficient automated extraction devices |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing automated nucleic acid extraction devices |
4.3.2 Lack of skilled personnel to operate and maintain these devices efficiently |
4.3.3 Regulatory challenges and compliance issues in the healthcare industry impacting adoption rates |
5 Grenada Automated Nucleic Acid Extraction Devices Market Trends |
6 Grenada Automated Nucleic Acid Extraction Devices Market, By Types |
6.1 Grenada Automated Nucleic Acid Extraction Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Instruments, 2021- 2031F |
6.1.4 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Kits, 2021- 2031F |
6.1.5 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Consumables, 2021- 2031F |
6.2 Grenada Automated Nucleic Acid Extraction Devices Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Fully Automated, 2021- 2031F |
6.2.3 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Semi-Automated, 2021- 2031F |
6.3 Grenada Automated Nucleic Acid Extraction Devices Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.3 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Diagnostic Centers, 2021- 2031F |
6.3.4 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Forensic Laboratories, 2021- 2031F |
6.3.5 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Pharmaceutical and Biotechnology Companies, 2021- 2031F |
6.3.6 Grenada Automated Nucleic Acid Extraction Devices Market Revenues & Volume, By Academic Research Institutes, 2021- 2031F |
7 Grenada Automated Nucleic Acid Extraction Devices Market Import-Export Trade Statistics |
7.1 Grenada Automated Nucleic Acid Extraction Devices Market Export to Major Countries |
7.2 Grenada Automated Nucleic Acid Extraction Devices Market Imports from Major Countries |
8 Grenada Automated Nucleic Acid Extraction Devices Market Key Performance Indicators |
8.1 Average time saved per extraction process compared to manual methods |
8.2 Percentage increase in extraction efficiency using automated devices |
8.3 Number of research publications citing the use of automated nucleic acid extraction devices |
9 Grenada Automated Nucleic Acid Extraction Devices Market - Opportunity Assessment |
9.1 Grenada Automated Nucleic Acid Extraction Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Automated Nucleic Acid Extraction Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Automated Nucleic Acid Extraction Devices Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Automated Nucleic Acid Extraction Devices Market - Competitive Landscape |
10.1 Grenada Automated Nucleic Acid Extraction Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automated Nucleic Acid Extraction 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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