Blood Viscometer Market Size & Share, by Type (Rotational Viscometer, Capillary Viscometer); End User (Hospitals, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5474
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2036

Blood Viscometer Market size is poised to cross USD 3.31 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of blood viscometer was over USD 1.76 Billion. The growth of the market is due to globally escalating rates of cardiovascular disease and associated problems that have increased demand for precise blood viscosity testing instruments. Globally, cardiovascular diseases (CVDs) account for 17.9 million deaths annually, making them the leading cause of death.

In addition, blood viscometers have more chances as point-of-care testing becomes more common in healthcare settings. Devices that are easy to use, portable, and produce results quickly are probably going to see increased demand. The market potential can be expanded by continuing research and development efforts to upgrade blood viscometer technology, which could result in the creation of sophisticated and reasonably priced products.


Blood Viscometer Market
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Blood Viscometer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

 ~ USD 1.76 Billion

Forecast Year Market Size (2036)

 ~ USD 3.31 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Blood Viscometer Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Emphasis on Preventive Healthcare- Early disease identification and preventative healthcare are becoming more and more important. Healthcare professionals can detect any problems before they become more serious conditions by monitoring blood viscosity. This makes it possible to put preventive management plans and interventions into place, which may help to avoid or lessen the effects of cardiovascular disease. Approximately 60 million individuals worldwide suffer from heart or circulatory diseases annually, which is nearly equal to the population of the United Kingdom.
  • Increasing Geriatric Population- Because cardiovascular disorders are more common in the elderly population, there is a greater need for diagnostic instruments like blood viscometers. The market for blood viscometers is significantly influenced by the growing elderly population. One in six individuals on the planet will be 60 years of age or older by 2030. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020.
  • Increasing Emerging Markets- The blood viscometer market holds significant growth opportunities in emerging markets. These regions have large populations, increasing healthcare expenditure, and rising prevalence of cardiovascular disease. As healthcare infrastructure improves and awareness about the benefits of blood viscometer increases, the demand for these devices is expected to rise in these markets.

Challenges

  • High cost of blood viscometers- Adoption of blood viscometers may be significantly hampered by their cost, especially in environments with limited resources. Healthcare facilities may have financial difficulties due to the initial expenditure needed to develop these devices as well as the necessity for ongoing maintenance and calibration, which may restrict market expansion.
  • Even though a blood viscometer has several advantages, medical experts are not fully aware of all of its possible uses. In addition, certain training and understanding are needed for the operation and interpretation of viscometry data.
  • The lack of qualified individuals with expertise in blood viscometry procedures may impede blood viscometer market expansion.


Blood Viscometer Segmentation

End User (Hospitals, Clinics)

The hospitals segment is projected to account for 65% share of the global blood viscometer market by the end of 2036. Hospitals can enhance the quality of treatment they provide by using blood viscometers, which give precise and rapid blood type information such as blood group typing. This enables medical providers to decide on patient care more intelligently. Blood viscometers can also be used to track a patient's development over time and assist in the diagnosis of specific illnesses. Hospitals are a vital market for blood viscometer producers because of these factors. Hospitals utilize blood viscometers widely for the diagnosis and monitoring of circulatory problems, including cardiovascular disease. For instance, 56,000 people die each day on average due to heart and circulatory diseases. It is anticipated that the number of deaths worldwide from heart and circulation disorders will increase much further.

Type (Rotational Viscometer, Capillary Viscometer)

The rotational viscometer segment in the blood viscometer market is anticipated to hold the largest revenue share of about 68% during the forecast period. The growth of the market segments is owing to paints, varnishes, and inks which are just a few of the fluid types that can be employed with this kind of viscosity equipment. Rotational viscometers are frequently employed in research labs, but manufacturers of goods that need to meet strict specifications for their flow characteristics, including medicines or cosmetics, may also utilize them for quality control testing.

Our in-depth analysis of the global blood viscometer market includes the following segments:

          Type

  • Rotational Viscometer
  • Capillary Viscometer

          End User

  • Hospitals
  • Clinics

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Blood Viscometer Industry - Regional Synopsis

North American Market Forecast

The blood viscometer market in the North America region is expected to hold the largest revenue share of about 30% during the forecast period. Because of the expanding number of illness diagnostic procedures including viscosity and rheology analysis, technical improvements, increased packaged food consumption, and the presence of large companies, North America is predicted to have a considerable market share in the viscometer industry. The food packaging business in North America was valued at about 92 billion dollars in 2020. By 2028, the market is expected to be worth roughly 135.5 billion US dollars. The examined market is expanding as a result of the new product introductions in the area. For instance, RheoSense, Inc. introduced VROC Initium One Plus, the autonomous viscometer with the greatest level of accuracy, in August 2020.

European Market Statistics

Blood viscometer market in Europe is anticipated to hold second second-largest revenue share of about 25% during the forecast period. Europe prioritizes research and development to a similar extent-technological progress, such as the creation of lightweight, user-friendly gadgets. In the context of medicine and research, these new viscometers are highly valued since they provide measurements that are more precise and effective. All things considered, the market is moving toward more sophisticated and practical solutions.

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Blood Viscometer Market Size
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Companies Dominating the Blood Viscometer Landscape

top-features-companies
    • Benson Viscometers Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BioFluid Technology Inc.
    • Thermo Fisher Scientific
    • RheoSense
    •  Anton Paar GmbH
    • China BeiJing Steellex Scientific Instrument Co.
    • Scientific Instrument Co. Ltd.
    • Health Onvector
    • Cambridge Viscosity
    • AMETEK Inc.

In-the-news

In The News

  • Anton Paar`s Rotational Viscometer: For Reliable, Traceable Results. When you switch to Anton Paar’s rotational viscometer, ViscoQC, you can continue using your current SOP (measuring procedure) – if the same setup and settings are used. ViscoQC will deliver the same results. Unique features preventing operator error ensure reliable, traceable viscosity measurements with no unplanned extra costs.
  • Cambridge Viscosity launched the ViscoLab PVT+. The ViscoLab PVT+ is a critical instrument that helps operators to understand how liquids perform under extreme conditions and provide the right data in real-time, to support operational insight and decision-making.
     

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5474
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Ans: Increasing cardiovascular disease and advancement in technology are the major factors driving the growth of the blood viscometer market.

The market size of blood viscometer is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are BioFluid Technology Inc., Thermo Fisher Scientific, RheoSense, Anton Paar GmbH, China BeiJing Steellex Scientific Instrument Co., Scientific Instrument Co. Ltd., Health Onvector, and others.

The hospitals segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Blood Viscometer Market Report Scope
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