| Product Code: ETC10834918 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Grenada continued to see a high concentration of smart pill imports, with the top exporting countries being Barbados, USA, Jamaica, UK, and Turkey. The market experienced significant growth with a Compound Annual Growth Rate (CAGR) of 19.2% from 2020 to 2024. Additionally, the growth rate from 2023 to 2024 stood at 4.15%, indicating a steady increase in demand for smart pills in Grenada. The consistent high Herfindahl-Hirschman Index (HHI) suggests that the market remains competitive yet dominated by a few key players.
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 Smart Pill Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Pill Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Pill Market - Industry Life Cycle |
3.4 Grenada Smart Pill Market - Porter's Five Forces |
3.5 Grenada Smart Pill Market Revenues & Volume Share, By Pill Type, 2021 & 2031F |
3.6 Grenada Smart Pill Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.7 Grenada Smart Pill Market Revenues & Volume Share, By Sensor Technology, 2021 & 2031F |
3.8 Grenada Smart Pill Market Revenues & Volume Share, By Medical Applications, 2021 & 2031F |
3.9 Grenada Smart Pill Market Revenues & Volume Share, By Data Collection, 2021 & 2031F |
4 Grenada Smart Pill Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Smart Pill Market Trends |
6 Grenada Smart Pill Market, By Types |
6.1 Grenada Smart Pill Market, By Pill Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Pill Market Revenues & Volume, By Pill Type, 2021 - 2031F |
6.1.3 Grenada Smart Pill Market Revenues & Volume, By Edible Sensors, 2021 - 2031F |
6.1.4 Grenada Smart Pill Market Revenues & Volume, By Ingestible Capsules, 2021 - 2031F |
6.1.5 Grenada Smart Pill Market Revenues & Volume, By AI-Powered Capsules, 2021 - 2031F |
6.1.6 Grenada Smart Pill Market Revenues & Volume, By Wireless Smart Pills, 2021 - 2031F |
6.1.7 Grenada Smart Pill Market Revenues & Volume, By Real-Time Health Monitor, 2021 - 2031F |
6.2 Grenada Smart Pill Market, By Functionality |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Pill Market Revenues & Volume, By Digestive Monitoring, 2021 - 2031F |
6.2.3 Grenada Smart Pill Market Revenues & Volume, By Medication Tracking, 2021 - 2031F |
6.2.4 Grenada Smart Pill Market Revenues & Volume, By Micro-Robotic Systems, 2021 - 2031F |
6.2.5 Grenada Smart Pill Market Revenues & Volume, By Enzyme Detection, 2021 - 2031F |
6.2.6 Grenada Smart Pill Market Revenues & Volume, By Glucose Monitoring, 2021 - 2031F |
6.3 Grenada Smart Pill Market, By Sensor Technology |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Pill Market Revenues & Volume, By Bio-Sensors, 2021 - 2031F |
6.3.3 Grenada Smart Pill Market Revenues & Volume, By pH Monitoring, 2021 - 2031F |
6.3.4 Grenada Smart Pill Market Revenues & Volume, By Temperature Sensors, 2021 - 2031F |
6.3.5 Grenada Smart Pill Market Revenues & Volume, By Wireless Data Transfer, 2021 - 2031F |
6.3.6 Grenada Smart Pill Market Revenues & Volume, By AI-Powered Diagnostics, 2021 - 2031F |
6.4 Grenada Smart Pill Market, By Medical Applications |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart Pill Market Revenues & Volume, By Chronic Disease Monitoring, 2021 - 2031F |
6.4.3 Grenada Smart Pill Market Revenues & Volume, By Drug Delivery, 2021 - 2031F |
6.4.4 Grenada Smart Pill Market Revenues & Volume, By Gastrointestinal Imaging, 2021 - 2031F |
6.4.5 Grenada Smart Pill Market Revenues & Volume, By Nutrient Absorption Studies, 2021 - 2031F |
6.4.6 Grenada Smart Pill Market Revenues & Volume, By Cancer Screening, 2021 - 2031F |
6.5 Grenada Smart Pill Market, By Data Collection |
6.5.1 Overview and Analysis |
6.5.2 Grenada Smart Pill Market Revenues & Volume, By Cloud-Based Reports, 2021 - 2031F |
6.5.3 Grenada Smart Pill Market Revenues & Volume, By AI-Based Health Analysis, 2021 - 2031F |
6.5.4 Grenada Smart Pill Market Revenues & Volume, By Remote Patient Monitoring, 2021 - 2031F |
6.5.5 Grenada Smart Pill Market Revenues & Volume, By Personalized Medication, 2021 - 2031F |
6.5.6 Grenada Smart Pill Market Revenues & Volume, By Medical Record Integration, 2021 - 2031F |
7 Grenada Smart Pill Market Import-Export Trade Statistics |
7.1 Grenada Smart Pill Market Export to Major Countries |
7.2 Grenada Smart Pill Market Imports from Major Countries |
8 Grenada Smart Pill Market Key Performance Indicators |
9 Grenada Smart Pill Market - Opportunity Assessment |
9.1 Grenada Smart Pill Market Opportunity Assessment, By Pill Type, 2021 & 2031F |
9.2 Grenada Smart Pill Market Opportunity Assessment, By Functionality, 2021 & 2031F |
9.3 Grenada Smart Pill Market Opportunity Assessment, By Sensor Technology, 2021 & 2031F |
9.4 Grenada Smart Pill Market Opportunity Assessment, By Medical Applications, 2021 & 2031F |
9.5 Grenada Smart Pill Market Opportunity Assessment, By Data Collection, 2021 & 2031F |
10 Grenada Smart Pill Market - Competitive Landscape |
10.1 Grenada Smart Pill Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Pill 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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