| Product Code: ETC5359939 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on imports of polymyxin B sulfate, with top exporters being the USA, Barbados, UK, Trinidad and Tobago, and India. Despite a negative compound annual growth rate (CAGR) of -0.55% from 2020 to 2024, the market experienced a steep decline in growth rate from 2023 to 2024 at -78.58%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting limited competition among suppliers. Grenada`s pharmaceutical sector may face challenges in diversifying its sources of polymyxin B sulfate imports 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 Polymyxin B Sulfate Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Polymyxin B Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Polymyxin B Sulfate Market - Industry Life Cycle |
3.4 Grenada Polymyxin B Sulfate Market - Porter's Five Forces |
3.5 Grenada Polymyxin B Sulfate Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Grenada Polymyxin B Sulfate Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Polymyxin B Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of bacterial infections requiring polymyxin B sulfate treatment |
4.2.2 Growing awareness about the effectiveness of polymyxin B sulfate in combating multi-drug resistant bacteria |
4.2.3 Rising demand for polymyxin B sulfate in healthcare facilities due to its broad-spectrum antibacterial activity |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for the approval and use of polymyxin B sulfate products |
4.3.2 Potential side effects and toxicity associated with polymyxin B sulfate |
4.3.3 Competition from alternative antibiotics and antimicrobial agents in the market |
5 Grenada Polymyxin B Sulfate Market Trends |
6 Grenada Polymyxin B Sulfate Market Segmentations |
6.1 Grenada Polymyxin B Sulfate Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Grenada Polymyxin B Sulfate Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.3 Grenada Polymyxin B Sulfate Market Revenues & Volume, By Injections, 2021-2031F |
6.2 Grenada Polymyxin B Sulfate Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Polymyxin B Sulfate Market Revenues & Volume, By Hospitals, 2021-2031F |
6.2.3 Grenada Polymyxin B Sulfate Market Revenues & Volume, By Private Clinics, 2021-2031F |
6.2.4 Grenada Polymyxin B Sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Polymyxin B Sulfate Market Import-Export Trade Statistics |
7.1 Grenada Polymyxin B Sulfate Market Export to Major Countries |
7.2 Grenada Polymyxin B Sulfate Market Imports from Major Countries |
8 Grenada Polymyxin B Sulfate Market Key Performance Indicators |
8.1 Number of prescriptions or units of polymyxin B sulfate products sold |
8.2 Rate of adoption of polymyxin B sulfate in new healthcare facilities or regions |
8.3 Number of clinical studies or trials evaluating the efficacy and safety of polymyxin B sulfate |
9 Grenada Polymyxin B Sulfate Market - Opportunity Assessment |
9.1 Grenada Polymyxin B Sulfate Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Grenada Polymyxin B Sulfate Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Polymyxin B Sulfate Market - Competitive Landscape |
10.1 Grenada Polymyxin B Sulfate Market Revenue Share, By Companies, 2024 |
10.2 Grenada Polymyxin B Sulfate 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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