| Product Code: ETC5248751 | 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 |
In 2024, Grenada continued to rely heavily on biochemical reagent imports, with the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India emerging as key exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024. This suggests a potential stabilization or even a slight recovery in the market for biochemical reagents in Grenada.
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 Biochemical Reagents Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Biochemical Reagents Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Biochemical Reagents Market - Industry Life Cycle |
3.4 Grenada Biochemical Reagents Market - Porter's Five Forces |
3.5 Grenada Biochemical Reagents Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Biochemical Reagents Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Biochemical Reagents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for biochemical research activities in Grenada |
4.2.2 Technological advancements in the field of biochemical reagents |
4.2.3 Growing investments in healthcare and life sciences sectors in Grenada |
4.3 Market Restraints |
4.3.1 High costs associated with research and development of biochemical reagents |
4.3.2 Regulatory challenges and compliance requirements in the biochemical industry in Grenada |
5 Grenada Biochemical Reagents Market Trends |
6 Grenada Biochemical Reagents Market Segmentations |
6.1 Grenada Biochemical Reagents Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Biochemical Reagents Market Revenues & Volume, By Polymerase Chain Reaction (PCR) Reagent Kits, 2021-2031F |
6.1.3 Grenada Biochemical Reagents Market Revenues & Volume, By Cell and Tissue Culture Reagents, 2021-2031F |
6.1.4 Grenada Biochemical Reagents Market Revenues & Volume, By Electrophoresis Reagents, 2021-2031F |
6.1.5 Grenada Biochemical Reagents Market Revenues & Volume, By Chromatography Reagents, 2021-2031F |
6.1.6 Grenada Biochemical Reagents Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Biochemical Reagents Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Biochemical Reagents Market Revenues & Volume, By Biotechnology Companies, 2021-2031F |
6.2.3 Grenada Biochemical Reagents Market Revenues & Volume, By Pharmaceutical Companies, 2021-2031F |
6.2.4 Grenada Biochemical Reagents Market Revenues & Volume, By Contract Research Organizations, 2021-2031F |
6.2.5 Grenada Biochemical Reagents Market Revenues & Volume, By Contract Development And Manufacturing Organization (CDMO), 2021-2031F |
6.2.6 Grenada Biochemical Reagents Market Revenues & Volume, By Academic Institutes, 2021-2031F |
6.2.7 Grenada Biochemical Reagents Market Revenues & Volume, By Research Institutes, 2021-2031F |
7 Grenada Biochemical Reagents Market Import-Export Trade Statistics |
7.1 Grenada Biochemical Reagents Market Export to Major Countries |
7.2 Grenada Biochemical Reagents Market Imports from Major Countries |
8 Grenada Biochemical Reagents Market Key Performance Indicators |
8.1 Research and development expenditure in Grenada's biochemical sector |
8.2 Adoption rate of new biochemical technologies in research institutions in Grenada |
8.3 Number of partnerships and collaborations between local and international biochemical reagent suppliers and research institutions in Grenada |
9 Grenada Biochemical Reagents Market - Opportunity Assessment |
9.1 Grenada Biochemical Reagents Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Biochemical Reagents Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Biochemical Reagents Market - Competitive Landscape |
10.1 Grenada Biochemical Reagents Market Revenue Share, By Companies, 2024 |
10.2 Grenada Biochemical Reagents 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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