| Product Code: ETC10919398 | 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 saw significant import shipments of test strips, with top exporters including the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, there was a positive growth rate in 2024, suggesting potential opportunities for market expansion and development in the near future. It will be interesting to monitor how these trends evolve and impact the test strip market in Grenada moving forward.
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 Strips Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Test Strips Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Test Strips Market - Industry Life Cycle |
3.4 Grenada Test Strips Market - Porter's Five Forces |
3.5 Grenada Test Strips Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Test Strips Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Test Strips Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Grenada Test Strips Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Grenada Test Strips Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Grenada Test Strips Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Test Strips Market Trends |
6 Grenada Test Strips Market, By Types |
6.1 Grenada Test Strips Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Test Strips Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Test Strips Market Revenues & Volume, By Blood Glucose Test Strips, 2021 - 2031F |
6.1.4 Grenada Test Strips Market Revenues & Volume, By Urinalysis Test Strips, 2021 - 2031F |
6.1.5 Grenada Test Strips Market Revenues & Volume, By Pregnancy Test Strips, 2021 - 2031F |
6.2 Grenada Test Strips Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Test Strips Market Revenues & Volume, By Diabetes Monitoring, 2021 - 2031F |
6.2.3 Grenada Test Strips Market Revenues & Volume, By Infection Detection, 2021 - 2031F |
6.2.4 Grenada Test Strips Market Revenues & Volume, By Hormone Testing, 2021 - 2031F |
6.3 Grenada Test Strips Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Grenada Test Strips Market Revenues & Volume, By Plastic, 2021 - 2031F |
6.3.3 Grenada Test Strips Market Revenues & Volume, By Paper, 2021 - 2031F |
6.3.4 Grenada Test Strips Market Revenues & Volume, By Synthetic, 2021 - 2031F |
6.4 Grenada Test Strips Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Test Strips Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.4.3 Grenada Test Strips Market Revenues & Volume, By Home Care, 2021 - 2031F |
6.4.4 Grenada Test Strips Market Revenues & Volume, By Diagnostic Centers, 2021 - 2031F |
6.5 Grenada Test Strips Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Grenada Test Strips Market Revenues & Volume, By Electrochemical, 2021 - 2031F |
6.5.3 Grenada Test Strips Market Revenues & Volume, By Colorimetric, 2021 - 2031F |
6.5.4 Grenada Test Strips Market Revenues & Volume, By Enzymatic, 2021 - 2031F |
7 Grenada Test Strips Market Import-Export Trade Statistics |
7.1 Grenada Test Strips Market Export to Major Countries |
7.2 Grenada Test Strips Market Imports from Major Countries |
8 Grenada Test Strips Market Key Performance Indicators |
9 Grenada Test Strips Market - Opportunity Assessment |
9.1 Grenada Test Strips Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Test Strips Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Test Strips Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Grenada Test Strips Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Grenada Test Strips Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Grenada Test Strips Market - Competitive Landscape |
10.1 Grenada Test Strips Market Revenue Share, By Companies, 2024 |
10.2 Grenada Test Strips 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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