| Product Code: ETC7383382 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of veterinary lactate test meters, with the top exporting countries being the USA, Trinidad and Tobago, China, Hong Kong, and India. The market concentration, as measured by the HHI index, remained very high, indicating a dominant market presence of these top exporting countries. However, the market experienced a decline with a negative Compound Annual Growth Rate (CAGR) of -2.55% from 2020 to 2024. Additionally, the growth rate saw a significant decrease of -7.88% from 2023 to 2024, highlighting challenges faced by the industry in the past year.
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 Veterinary Lactate Test Meters Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Veterinary Lactate Test Meters Market - Industry Life Cycle |
3.4 Grenada Veterinary Lactate Test Meters Market - Porter's Five Forces |
3.5 Grenada Veterinary Lactate Test Meters Market Revenues & Volume Share, By End Users, 2021 & 2031F |
3.6 Grenada Veterinary Lactate Test Meters Market Revenues & Volume Share, By ANIMAL TYPE, 2021 & 2031F |
4 Grenada Veterinary Lactate Test Meters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of lactate testing in veterinary care |
4.2.2 Rising demand for point-of-care testing solutions in veterinary clinics |
4.2.3 Technological advancements leading to the development of more accurate and efficient lactate test meters |
4.3 Market Restraints |
4.3.1 High cost associated with purchasing and maintaining lactate test meters |
4.3.2 Limited availability of skilled professionals trained in operating and interpreting lactate test results in veterinary settings |
5 Grenada Veterinary Lactate Test Meters Market Trends |
6 Grenada Veterinary Lactate Test Meters Market, By Types |
6.1 Grenada Veterinary Lactate Test Meters Market, By End Users |
6.1.1 Overview and Analysis |
6.1.2 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By End Users, 2021- 2031F |
6.1.3 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.1.4 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Home, 2021- 2031F |
6.1.5 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Veterinary Lactate Test Meters Market, By ANIMAL TYPE |
6.2.1 Overview and Analysis |
6.2.2 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Dogs, 2021- 2031F |
6.2.3 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Cats, 2021- 2031F |
6.2.4 Grenada Veterinary Lactate Test Meters Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Veterinary Lactate Test Meters Market Import-Export Trade Statistics |
7.1 Grenada Veterinary Lactate Test Meters Market Export to Major Countries |
7.2 Grenada Veterinary Lactate Test Meters Market Imports from Major Countries |
8 Grenada Veterinary Lactate Test Meters Market Key Performance Indicators |
8.1 Adoption rate of lactate test meters in Grenada veterinary clinics |
8.2 Frequency of lactate testing in veterinary practices |
8.3 Rate of investment in research and development for improving lactate test meter technology |
9 Grenada Veterinary Lactate Test Meters Market - Opportunity Assessment |
9.1 Grenada Veterinary Lactate Test Meters Market Opportunity Assessment, By End Users, 2021 & 2031F |
9.2 Grenada Veterinary Lactate Test Meters Market Opportunity Assessment, By ANIMAL TYPE, 2021 & 2031F |
10 Grenada Veterinary Lactate Test Meters Market - Competitive Landscape |
10.1 Grenada Veterinary Lactate Test Meters Market Revenue Share, By Companies, 2024 |
10.2 Grenada Veterinary Lactate Test Meters 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.
To discover high-growth global markets and optimize your business strategy:
Click Here