| Product Code: ETC7382346 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on key suppliers like the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India for test strip imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a slight uptick in growth from 2023 to 2024. This suggests a potential stabilization or modest improvement in the market for test strip imports in Grenada. Keep an eye on these trends for insights into future market dynamics.
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 Test Strip Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Test Strip Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Test Strip Market - Industry Life Cycle |
3.4 Grenada Test Strip Market - Porter's Five Forces |
3.5 Grenada Test Strip Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Test Strip Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Test Strip Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Test Strip Market Trends |
6 Grenada Test Strip Market, By Types |
6.1 Grenada Test Strip Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Test Strip Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Test Strip Market Revenues & Volume, By Portable Test Strip Reader, 2021- 2031F |
6.1.4 Grenada Test Strip Market Revenues & Volume, By Desktop Test Strip Reader, 2021- 2031F |
6.2 Grenada Test Strip Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Test Strip Market Revenues & Volume, By Biomedical Science, 2021- 2031F |
6.2.3 Grenada Test Strip Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.4 Grenada Test Strip Market Revenues & Volume, By Scientific Research, 2021- 2031F |
6.2.5 Grenada Test Strip Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Test Strip Market Import-Export Trade Statistics |
7.1 Grenada Test Strip Market Export to Major Countries |
7.2 Grenada Test Strip Market Imports from Major Countries |
8 Grenada Test Strip Market Key Performance Indicators |
9 Grenada Test Strip Market - Opportunity Assessment |
9.1 Grenada Test Strip Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Test Strip Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Test Strip Market - Competitive Landscape |
10.1 Grenada Test Strip Market Revenue Share, By Companies, 2024 |
10.2 Grenada Test Strip 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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