| Product Code: ETC7366777 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw a significant increase in cholesterol management devices imports, with the top exporting countries being the USA, Iceland, Canada, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 38.06% from 2020 to 2024 highlights the rising demand for such devices. Additionally, the growth rate of 10.13% from 2023 to 2024 suggests a sustained momentum in the market. This data underscores the importance of cholesterol management in Grenada and the strong market potential for related devices.
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 Cholesterol Management Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cholesterol Management Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cholesterol Management Devices Market - Industry Life Cycle |
3.4 Grenada Cholesterol Management Devices Market - Porter's Five Forces |
3.5 Grenada Cholesterol Management Devices Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Grenada Cholesterol Management Devices Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Cholesterol Management Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of high cholesterol levels in Grenada |
4.2.2 Growing awareness about the importance of managing cholesterol levels for overall health |
4.2.3 Technological advancements in cholesterol management devices |
4.3 Market Restraints |
4.3.1 High cost associated with cholesterol management devices |
4.3.2 Limited healthcare infrastructure in Grenada |
4.3.3 Lack of skilled healthcare professionals for cholesterol management |
5 Grenada Cholesterol Management Devices Market Trends |
6 Grenada Cholesterol Management Devices Market, By Types |
6.1 Grenada Cholesterol Management Devices Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cholesterol Management Devices Market Revenues & Volume, By Device Type, 2021- 2031F |
6.1.3 Grenada Cholesterol Management Devices Market Revenues & Volume, By Monitors, 2021- 2031F |
6.1.4 Grenada Cholesterol Management Devices Market Revenues & Volume, By Wrist Monitors, 2021- 2031F |
6.1.5 Grenada Cholesterol Management Devices Market Revenues & Volume, By Small Portable Instruments, 2021- 2031F |
6.1.6 Grenada Cholesterol Management Devices Market Revenues & Volume, By Meters, 2021- 2031F |
6.1.7 Grenada Cholesterol Management Devices Market Revenues & Volume, By Wireless Systems, 2021- 2031F |
6.2 Grenada Cholesterol Management Devices Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cholesterol Management Devices Market Revenues & Volume, By Home Healthcare, 2021- 2031F |
6.2.3 Grenada Cholesterol Management Devices Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.4 Grenada Cholesterol Management Devices Market Revenues & Volume, By Clinics, 2021- 2031F |
7 Grenada Cholesterol Management Devices Market Import-Export Trade Statistics |
7.1 Grenada Cholesterol Management Devices Market Export to Major Countries |
7.2 Grenada Cholesterol Management Devices Market Imports from Major Countries |
8 Grenada Cholesterol Management Devices Market Key Performance Indicators |
8.1 Average number of cholesterol management devices per healthcare facility in Grenada |
8.2 Percentage increase in the adoption of cholesterol management devices annually |
8.3 Average patient adherence rate to cholesterol management device usage |
9 Grenada Cholesterol Management Devices Market - Opportunity Assessment |
9.1 Grenada Cholesterol Management Devices Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Grenada Cholesterol Management Devices Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Cholesterol Management Devices Market - Competitive Landscape |
10.1 Grenada Cholesterol Management Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cholesterol Management 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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