| Product Code: ETC7371420 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of glucose sensors, with the top countries exporting being the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -3.01% from 2020 to 2024. However, there was a slight improvement in the growth rate from 2023 to 2024, with a 3.19% increase. This suggests that while the market may be concentrated, there are signs of potential growth and opportunities for expansion 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 Glucose Sensors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Glucose Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Glucose Sensors Market - Industry Life Cycle |
3.4 Grenada Glucose Sensors Market - Porter's Five Forces |
3.5 Grenada Glucose Sensors Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Glucose Sensors Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Glucose Sensors Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Grenada Glucose Sensors Market Revenues & Volume Share, By Demographics, 2021 & 2031F |
3.9 Grenada Glucose Sensors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Glucose Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of diabetes in Grenada |
4.2.2 Rising awareness about the importance of continuous glucose monitoring |
4.2.3 Technological advancements in glucose sensor technologies |
4.3 Market Restraints |
4.3.1 High costs associated with glucose sensors |
4.3.2 Limited reimbursement policies for glucose sensors in Grenada |
5 Grenada Glucose Sensors Market Trends |
6 Grenada Glucose Sensors Market, By Types |
6.1 Grenada Glucose Sensors Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Glucose Sensors Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Glucose Sensors Market Revenues & Volume, By Invasive Glucose Monitoring, 2021- 2031F |
6.1.4 Grenada Glucose Sensors Market Revenues & Volume, By Non-Invasive Glucose Monitoring, 2021- 2031F |
6.1.5 Grenada Glucose Sensors Market Revenues & Volume, By Self-Glucose Monitoring, 2021- 2031F |
6.1.6 Grenada Glucose Sensors Market Revenues & Volume, By Lab-Based Glucose Monitoring, 2021- 2031F |
6.2 Grenada Glucose Sensors Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Glucose Sensors Market Revenues & Volume, By Photo Acoustic Spectroscopy, 2021- 2031F |
6.2.3 Grenada Glucose Sensors Market Revenues & Volume, By Optical Coherence Tomography, 2021- 2031F |
6.2.4 Grenada Glucose Sensors Market Revenues & Volume, By Polarimetry, 2021- 2031F |
6.2.5 Grenada Glucose Sensors Market Revenues & Volume, By Fluorescence, 2021- 2031F |
6.2.6 Grenada Glucose Sensors Market Revenues & Volume, By MIR Spectroscopy, 2021- 2031F |
6.2.7 Grenada Glucose Sensors Market Revenues & Volume, By NIR Spectroscopy, 2021- 2031F |
6.3 Grenada Glucose Sensors Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Grenada Glucose Sensors Market Revenues & Volume, By Sensors, 2021- 2031F |
6.3.3 Grenada Glucose Sensors Market Revenues & Volume, By Transmitters & Receivers, 2021- 2031F |
6.3.4 Grenada Glucose Sensors Market Revenues & Volume, By Integrated Insulin Pumps, 2021- 2031F |
6.4 Grenada Glucose Sensors Market, By Demographics |
6.4.1 Overview and Analysis |
6.4.2 Grenada Glucose Sensors Market Revenues & Volume, By Adult Population (>14 years), 2021- 2031F |
6.4.3 Grenada Glucose Sensors Market Revenues & Volume, By Children Population (?14 years), 2021- 2031F |
6.5 Grenada Glucose Sensors Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Grenada Glucose Sensors Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.5.3 Grenada Glucose Sensors Market Revenues & Volume, By Private Clinics, 2021- 2031F |
6.5.4 Grenada Glucose Sensors Market Revenues & Volume, By Home Care, 2021- 2031F |
6.5.5 Grenada Glucose Sensors Market Revenues & Volume, By Ambulatory Settings, 2021- 2031F |
6.5.6 Grenada Glucose Sensors Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Glucose Sensors Market Import-Export Trade Statistics |
7.1 Grenada Glucose Sensors Market Export to Major Countries |
7.2 Grenada Glucose Sensors Market Imports from Major Countries |
8 Grenada Glucose Sensors Market Key Performance Indicators |
8.1 Average time taken for glucose sensor calibration |
8.2 Percentage of diabetic population in Grenada using continuous glucose monitoring |
8.3 Number of new glucose sensor technologies introduced in the Grenada market |
9 Grenada Glucose Sensors Market - Opportunity Assessment |
9.1 Grenada Glucose Sensors Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Glucose Sensors Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Glucose Sensors Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Grenada Glucose Sensors Market Opportunity Assessment, By Demographics, 2021 & 2031F |
9.5 Grenada Glucose Sensors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Glucose Sensors Market - Competitive Landscape |
10.1 Grenada Glucose Sensors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Glucose Sensors 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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