Blood Viscometer Market Insights, Analysis Report 2024-2033: Strategic Examination

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The blood viscometer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Blood Viscometer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The blood viscometer market size has grown strongly in recent years. It will grow from $1.60 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to advancements in diagnostic technology, increased focus on diabetes management, growing awareness of blood disorders, aging population, and development of personalized medicine.

The blood viscometer market size is expected to see strong growth in the next few years. It will grow to $2.10 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the introduction of portable viscometers, growing focus on preventive healthcare, expansion of point-of-care testing, increasing investments in healthcare infrastructure, and growth in clinical research and drug development. Major trends in the forecast period include the integration of digital and smart technologies, rising demand for non-invasive testing solutions, increased use in chronic disease management, development of automated viscometers, and rising research in blood disorders and therapies.

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Scope Of Blood Viscometer Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Blood Viscometer Market Overview

Market Drivers –

The rising prevalence of cardiovascular disease is expected to propel the growth of the blood viscometer market going forward. Cardiovascular disease refers to a group of disorders affecting the heart and blood vessels, often leading to heart attacks, strokes, or other heart-related conditions. The rising prevalence of cardiovascular disease is largely due to lifestyle factors such as poor diet, physical inactivity, smoking, and increasing rates of obesity and diabetes, along with aging populations. A blood viscometer is used in cardiovascular disease to measure blood viscosity, helping assess how thick or thin blood is, which can impact circulation and increase the risk of conditions such as heart attacks, strokes, and blood clots. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, all four major cardiovascular risk factors are projected to increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Therefore, the rising prevalence of cardiovascular disease is driving the growth of the blood viscometer market.

Market Trends –

Major companies operating in the blood viscometer market are focusing on developing innovative products, such as automated viscometers, to gain a competitive edge in the market. An automated viscometer is a device used to measure the viscosity of liquids automatically, without the need for manual intervention. For instance, in March 2023, Sofraser, a France-based electronics manufacturer, launched the INVI viscometer. The INVI viscometer has a compact, inline design that enables continuous, real-time viscosity measurement without manual sampling. It is highly durable, providing accurate results even in extreme industrial conditions, and offers maintenance-free operation with minimal wear and tear. Furthermore, the INVI viscometer can be easily integrated into existing systems for improved process control.

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

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Regional Insights –

North America was the largest region in the blood viscometer market in 2023. The regions covered in the blood viscometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

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

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