Global Blood Viscometer Market Scope 2024, Forecast To 2033
12 Nov, 2024
The blood viscometer market has grown steadily, with growth from $1.60 billion in 2023 to $1.69 billion in 2024 at a CAGR of 5.6%. Growth drivers include advancements in diagnostic technology, focus on diabetes management, awareness of blood disorders, an aging population, and personalized medicine development. The blood viscometer market is projected to see strong growth, reaching $2.10 billion by 2028, at a CAGR of 5.7%. Growth factors include portable viscometer introduction, focus on preventive healthcare, point-of-care testing, healthcare infrastructure expansion, and growth in clinical research. Trends include the integration of digital technologies, demand for non-invasive testing, use in chronic disease management, automated viscometers, and research in blood disorders and therapies.
Major Driver In The Blood Viscometer Market
The rising prevalence of cardiovascular disease is anticipated to drive growth in the blood viscometer market. Cardiovascular disease, encompassing heart and blood vessel disorders, is becoming more common due to poor diets, physical inactivity, smoking, and aging populations. Blood viscometers measure blood viscosity, which affects circulation and the risk of cardiovascular events. In August 2022, the American College of Cardiology projected significant increases in major cardiovascular risk factors in the U.S. by 2060, including a 39.3% rise in diabetes cases. Thus, the prevalence of cardiovascular disease will drive growth in the blood viscometer market.
Request A Free Sample Of The Blood Viscometer Market ReportBlood Viscometer Market Competitive Landscape
Thermo Fisher Scientific Inc., Emerson Electric Co, Xylem Analytics, PerkinElmer Inc., Qualitest, Anton Paar GmbH, AMETEK Brookfield, BYK Gardner, PAC LP., CANNON Instrument Company, Koehler Instrument Company Inc., PCE Instruments, RheosenseInc., Orbit Research Associates Pvt. Ltd., Swastik Systems & Services, Lamy Rheology, Fann Instrument Company, Labomat Essor., Edutek Instrumentation, Lasany International
Key Blood Viscometer Market Trend
Companies in the blood viscometer market are focused on developing innovative products like automated viscometers to strengthen their market position. An automated viscometer measures the viscosity of liquids without manual intervention. In March 2023, Sofraser launched the INVI viscometer, which offers real-time viscosity measurement in a compact design, requiring no manual sampling. It is durable, providing accurate results even under harsh industrial conditions and operates without requiring maintenance, making it an ideal tool for process control integration.
Purchase The Global Blood Viscometer Market Report Directly And Get A Swift Delivery
Global Blood Viscometer Market Segmentation
The blood viscometer market covered in this report is segmented –
1) By Product: Rotational Viscometers, Capillary Viscometers, Other Products
2) By Application: Blood Viscosity Measurement, Plasma Viscosity Measurement, Other Applications
3) By End User: Hospitals, Diagnostic Centers, Research Institutes, Other End Users
By Geography:The regions covered in the blood viscometer market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the blood viscometer market in 2023.
The Blood Viscometer Global Market Report 2024 furnishes information about the global blood viscometer market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.