| Product Code: ETC4688023 | 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 |
Grenada continues to rely on key suppliers like the USA, Puerto Rico, and Trinidad and Tobago for biotechnology reagents imports in 2024. Despite a negative CAGR from 2020-24, the modest growth rate of 3.19% in 2024 indicates a potential turnaround. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, highlighting the dominant presence of these top exporting countries. Grenada`s biotechnology sector may benefit from diversifying its import sources to mitigate risks and capitalize on emerging opportunities in the industry.
By 2027, Grenada's Biotechnology Reagents market is forecasted to achieve a stable growth rate of 1.58%, 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 Biotechnology Reagents Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Biotechnology Reagents Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Biotechnology Reagents Market - Industry Life Cycle |
3.4 Grenada Biotechnology Reagents Market - Porter's Five Forces |
3.5 Grenada Biotechnology Reagents Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Grenada Biotechnology Reagents Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Grenada Biotechnology Reagents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Biotechnology Reagents Market Trends |
6 Grenada Biotechnology Reagents Market Segmentations |
6.1 Grenada Biotechnology Reagents Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Biotechnology Reagents Market Revenues & Volume, By Drug testing, 2021-2031F |
6.1.3 Grenada Biotechnology Reagents Market Revenues & Volume, By Protein synthesis & purification, 2021-2031F |
6.1.4 Grenada Biotechnology Reagents Market Revenues & Volume, By DNA & RNA analysis, 2021-2031F |
6.1.5 Grenada Biotechnology Reagents Market Revenues & Volume, By Gene expression, 2021-2031F |
6.2 Grenada Biotechnology Reagents Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Biotechnology Reagents Market Revenues & Volume, By Life Science Reagents, 2021-2031F |
6.2.3 Grenada Biotechnology Reagents Market Revenues & Volume, By Analytical reagents, 2021-2031F |
6.2.4 Grenada Biotechnology Reagents Market Revenues & Volume, By Bead-based, 2021-2031F |
6.2.5 Grenada Biotechnology Reagents Market Revenues & Volume, By Cell-based, 2021-2031F |
7 Grenada Biotechnology Reagents Market Import-Export Trade Statistics |
7.1 Grenada Biotechnology Reagents Market Export to Major Countries |
7.2 Grenada Biotechnology Reagents Market Imports from Major Countries |
8 Grenada Biotechnology Reagents Market Key Performance Indicators |
9 Grenada Biotechnology Reagents Market - Opportunity Assessment |
9.1 Grenada Biotechnology Reagents Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Grenada Biotechnology Reagents Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Grenada Biotechnology Reagents Market - Competitive Landscape |
10.1 Grenada Biotechnology Reagents Market Revenue Share, By Companies, 2024 |
10.2 Grenada Biotechnology 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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