| Product Code: ETC12667558 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of medical compression socks to Grenada in 2024 were primarily sourced from top exporting countries such as the USA, Curaçao, China, Panama, and the UK. Despite a high concentration in 2023, the Herfindahl-Hirschman Index (HHI) indicated a slight decrease in concentration levels in 2024. With a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, the industry experienced a challenging period. However, there was a positive growth rate of 6.28% from 2023 to 2024, indicating a potential turnaround and increased demand for medical compression socks 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 Medical Compression Socks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Medical Compression Socks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Medical Compression Socks Market - Industry Life Cycle |
3.4 Grenada Medical Compression Socks Market - Porter's Five Forces |
3.5 Grenada Medical Compression Socks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Medical Compression Socks Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Grenada Medical Compression Socks Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Medical Compression Socks Market Revenues & Volume Share, By Compression Level, 2021 & 2031F |
4 Grenada Medical Compression Socks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of wearing medical compression socks for various health conditions |
4.2.2 Growing prevalence of chronic diseases such as diabetes and venous disorders that require the use of compression socks |
4.2.3 Rising adoption of compression therapy for sports and athletic activities |
4.3 Market Restraints |
4.3.1 High cost associated with medical-grade compression socks compared to regular socks |
4.3.2 Limited availability of specialized medical compression socks in the market |
4.3.3 Lack of reimbursement policies for medical compression socks in certain regions |
5 Grenada Medical Compression Socks Market Trends |
6 Grenada Medical Compression Socks Market, By Types |
6.1 Grenada Medical Compression Socks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Medical Compression Socks Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Medical Compression Socks Market Revenues & Volume, By Graduated Compression Socks, 2021 - 2031F |
6.1.4 Grenada Medical Compression Socks Market Revenues & Volume, By Anti-Embolism Stockings, 2021 - 2031F |
6.1.5 Grenada Medical Compression Socks Market Revenues & Volume, By Non-Medical Support Hosiery, 2021 - 2031F |
6.1.6 Grenada Medical Compression Socks Market Revenues & Volume, By Custom Compression Socks, 2021 - 2031F |
6.2 Grenada Medical Compression Socks Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Grenada Medical Compression Socks Market Revenues & Volume, By Varicose Veins, 2021 - 2031F |
6.2.3 Grenada Medical Compression Socks Market Revenues & Volume, By Deep Vein Thrombosis, 2021 - 2031F |
6.2.4 Grenada Medical Compression Socks Market Revenues & Volume, By Diabetes Wounds, 2021 - 2031F |
6.2.5 Grenada Medical Compression Socks Market Revenues & Volume, By Chronic Venous Disorders, 2021 - 2031F |
6.3 Grenada Medical Compression Socks Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Medical Compression Socks Market Revenues & Volume, By Athletes, 2021 - 2031F |
6.3.3 Grenada Medical Compression Socks Market Revenues & Volume, By Elderly, 2021 - 2031F |
6.3.4 Grenada Medical Compression Socks Market Revenues & Volume, By Pregnant Women, 2021 - 2031F |
6.3.5 Grenada Medical Compression Socks Market Revenues & Volume, By Post-Surgical Patients, 2021 - 2031F |
6.4 Grenada Medical Compression Socks Market, By Compression Level |
6.4.1 Overview and Analysis |
6.4.2 Grenada Medical Compression Socks Market Revenues & Volume, By Moderate, 2021 - 2031F |
6.4.3 Grenada Medical Compression Socks Market Revenues & Volume, By Firm, 2021 - 2031F |
6.4.4 Grenada Medical Compression Socks Market Revenues & Volume, By Mild, 2021 - 2031F |
6.4.5 Grenada Medical Compression Socks Market Revenues & Volume, By Extra Firm, 2021 - 2031F |
7 Grenada Medical Compression Socks Market Import-Export Trade Statistics |
7.1 Grenada Medical Compression Socks Market Export to Major Countries |
7.2 Grenada Medical Compression Socks Market Imports from Major Countries |
8 Grenada Medical Compression Socks Market Key Performance Indicators |
8.1 Average number of prescriptions for medical compression socks per month |
8.2 Percentage increase in online searches for medical compression socks |
8.3 Number of partnerships with healthcare providers for promoting the use of medical compression socks |
9 Grenada Medical Compression Socks Market - Opportunity Assessment |
9.1 Grenada Medical Compression Socks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Medical Compression Socks Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Grenada Medical Compression Socks Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Medical Compression Socks Market Opportunity Assessment, By Compression Level, 2021 & 2031F |
10 Grenada Medical Compression Socks Market - Competitive Landscape |
10.1 Grenada Medical Compression Socks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Medical Compression Socks 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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