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Unlocking Opportunities in the Blood Viscometer Market: 2025-2034 Forecast Report
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Blood Viscometer Industry Market Size Be by 2025?
The market size of blood viscometers has been on a consistent growth trajectory in the past few years. The market is projected to expand from a value of $1.69 billion in 2024 to $1.77 billion by 2025, with a compound annual growth rate (CAGR) of 5.0%. This growth trend during the historical period can be associated with the progression in diagnostic technology, heightened emphasis on managing diabetes, the rising consciousness about blood illnesses, the growing older population, and the emergence of personalized medicine.
What's the Long-Term Growth Forecast for the Blood Viscometer Market Size Through 2029?
The market for blood viscometers is predicted to experience robust growth in the coming years, with its value expected to reach $2.18 billion in 2029, indicating a compound annual growth rate (CAGR) of 5.3%. This growth through the forecast period is likely due to the emergence of portable viscometers, an increased emphasis on proactive healthcare, the proliferation of point-of-care testing, a surge in healthcare infrastructure investment, and the rise in clinical research and drug development. The forecast period will also observe trends such as the incorporation of digital and smart technologies, a growing need for non-invasive testing methods, enhanced utilization in chronic illness management, the creation of automated viscometers, and an upward trend in research into blood diseases and their treatments.
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What Are the Key Growth Drivers Fueling the Blood Viscometer Market Expansion?
The increasing incidence of cardiovascular ailments is anticipated to stimulate the expansion of the blood viscometer market. Cardiovascular disease, a set of disorders impacting the heart and blood vessels often resulting in heart attacks, strokes, or similar heart-related issues, is mainly attributed to lifestyle factors like a poor diet, lack of exercise, smoking, and the rising rates of obesity and diabetes, in conjunction with aging demographics. A blood viscometer plays a crucial role in cardiovascular diseases by measuring blood viscosity, aiding in the evaluation of blood thickness, which may affect blood flow and escalate the risk of conditions such as heart attacks, strokes, and blood clots. For example, a report released by the American College of Cardiology, a non-profit medical association based in the US, in August 2022 predicted that all four major cardiovascular risk factors are set to witness an upward trend from 2025 to 2060 in the US. An alarming rise of 39.3%, equivalent to 55 million individuals, is anticipated in cases of diabetes, followed by dyslipidemia (increasing by 27.6% to 126 million), hypertension (rising by 25.1% to 162 million), and obesity (growing by 18.3% to 126 million). Accordingly, the growing incidence of cardiovascular disease is fuelling the expansion of the blood viscometer market.
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What Are the Key Trends Driving Blood Viscometer Market Growth?
Companies that hold a significant presence in the blood viscometer market are striving to maintain their competitive advantage by focusing on the development of cutting-edge products, such as self-operating viscometers. These devices effectively measure the viscosity of liquids on their own, eliminating the need for human assistance. For example, Sofraser, an electronics manufacturer based in France, introduced an automated viscometer named INVI in March 2023. The INVI viscometer, recognized for its compact and inline design, allows for consistent, real-time measurement of viscosity without the need for manual sample collection. It's robust and resistant, giving precise readings even under harsh industrial circumstances, with the added benefit of running optimally with little to no wear and tear. Moreover, the INVI viscometer is designed to seamlessly fit into pre-existing systems, subsequently enhancing process control efficiency.
How Is the Blood Viscometer Market Segmented?
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
Subsegments:
1) By Rotational Viscometers: Brookfield Viscometers, Cone-And-Plate Viscometers, Digital Rotational Viscometers
2) By Capillary Viscometers: Ostwald Viscometers, Ubbelohde Viscometers, Microcapillary Viscometers
3) By Other Products: Vibro Viscometers, Optical Viscometers, Falling Ball Viscometers
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Which Companies Are Leading the Charge in Blood Viscometer Market Innovation?
Major companies operating in the blood viscometer market are 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
Which Regions Are Leading the Global Blood Viscometer Market in Revenue?
North America was the largest region in the blood viscometer market in 2024. The regions covered in the blood viscometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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