| Product Code: ETC7368660 | 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 |
In 2024, Grenada continued to see a significant influx of digital sphygmomanometer imports, with the top exporting countries being the USA, Iceland, Canada, Italy, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to competitive challenges. The impressive compound annual growth rate (CAGR) of 39.6% from 2020-24 highlights the increasing demand for digital sphygmomanometers in Grenada. Moreover, the growth rate of 8.5% from 2023-24 suggests a positive momentum in the market, signaling opportunities for continued expansion and development in the coming years.
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 Digital Sphygmomanometer Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Digital Sphygmomanometer Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Digital Sphygmomanometer Market - Industry Life Cycle |
3.4 Grenada Digital Sphygmomanometer Market - Porter's Five Forces |
3.5 Grenada Digital Sphygmomanometer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Digital Sphygmomanometer Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Digital Sphygmomanometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of monitoring blood pressure regularly |
4.2.2 Technological advancements in digital sphygmomanometers leading to improved accuracy and user-friendliness |
4.2.3 Rising prevalence of hypertension and cardiovascular diseases, driving the demand for home monitoring devices |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers, especially in developing markets |
4.3.2 Limited reimbursement policies for digital sphygmomanometers in certain regions |
4.3.3 Competition from traditional sphygmomanometers and other monitoring devices |
5 Grenada Digital Sphygmomanometer Market Trends |
6 Grenada Digital Sphygmomanometer Market, By Types |
6.1 Grenada Digital Sphygmomanometer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Arm Type, 2021- 2031F |
6.1.4 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Wrist Type, 2021- 2031F |
6.2 Grenada Digital Sphygmomanometer Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Hospitals and clinics, 2021- 2031F |
6.2.3 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Home care settings, 2021- 2031F |
6.2.4 Grenada Digital Sphygmomanometer Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Digital Sphygmomanometer Market Import-Export Trade Statistics |
7.1 Grenada Digital Sphygmomanometer Market Export to Major Countries |
7.2 Grenada Digital Sphygmomanometer Market Imports from Major Countries |
8 Grenada Digital Sphygmomanometer Market Key Performance Indicators |
8.1 Adoption rate of digital sphygmomanometers among healthcare providers and consumers |
8.2 Average selling price (ASP) trends of digital sphygmomanometers |
8.3 Number of new product launches and innovations in the digital sphygmomanometer market |
9 Grenada Digital Sphygmomanometer Market - Opportunity Assessment |
9.1 Grenada Digital Sphygmomanometer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Digital Sphygmomanometer Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Digital Sphygmomanometer Market - Competitive Landscape |
10.1 Grenada Digital Sphygmomanometer Market Revenue Share, By Companies, 2024 |
10.2 Grenada Digital Sphygmomanometer 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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