| Product Code: ETC7374507 | 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 medical textiles, with the top exporting countries being the USA, China, Panama, Trinidad and Tobago, and Curaçao. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -17.57%, with a further decrease in growth rate from 2023 to 2024 at -10.1%. These trends suggest challenges and adjustments in the Grenadian medical textiles import market that may require attention and strategic planning for the future.
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 Textiles Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Medical Textiles Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Medical Textiles Market - Industry Life Cycle |
3.4 Grenada Medical Textiles Market - Porter's Five Forces |
3.5 Grenada Medical Textiles Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Grenada Medical Textiles Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Medical Textiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for medical textiles in Grenada due to the growing healthcare sector |
4.2.2 Technological advancements leading to the development of innovative medical textile products |
4.2.3 Government initiatives to enhance healthcare infrastructure and promote the use of medical textiles |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up medical textile manufacturing facilities |
4.3.2 Limited availability of skilled labor in the medical textiles industry in Grenada |
4.3.3 Volatility in raw material prices impacting the production costs of medical textiles |
5 Grenada Medical Textiles Market Trends |
6 Grenada Medical Textiles Market, By Types |
6.1 Grenada Medical Textiles Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Medical Textiles Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Grenada Medical Textiles Market Revenues & Volume, By Implantable Goods, 2021- 2031F |
6.1.4 Grenada Medical Textiles Market Revenues & Volume, By Non-implantable Goods, 2021- 2031F |
6.1.5 Grenada Medical Textiles Market Revenues & Volume, By Healthcare & Hygiene Products, 2021- 2031F |
6.1.6 Grenada Medical Textiles Market Revenues & Volume, By Other Applications, 2021- 2031F |
6.2 Grenada Medical Textiles Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Medical Textiles Market Revenues & Volume, By Knitted, 2021- 2031F |
6.2.3 Grenada Medical Textiles Market Revenues & Volume, By Non-woven, 2021- 2031F |
6.2.4 Grenada Medical Textiles Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Medical Textiles Market Import-Export Trade Statistics |
7.1 Grenada Medical Textiles Market Export to Major Countries |
7.2 Grenada Medical Textiles Market Imports from Major Countries |
8 Grenada Medical Textiles Market Key Performance Indicators |
8.1 Adoption rate of advanced medical textile products in Grenada healthcare facilities |
8.2 Rate of investment in research and development for medical textiles in Grenada |
8.3 Percentage of healthcare facilities in Grenada using locally produced medical textiles |
9 Grenada Medical Textiles Market - Opportunity Assessment |
9.1 Grenada Medical Textiles Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Grenada Medical Textiles Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Medical Textiles Market - Competitive Landscape |
10.1 Grenada Medical Textiles Market Revenue Share, By Companies, 2024 |
10.2 Grenada Medical Textiles 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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