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The Blood Viscometer Market size is forecast to increase by USD 13,049.76 thousand, at a CAGR of 7.22% between 2023 and 2028.
The growth of the market depends on several factors, including the increasing incidence of vascular diseases, the growing healthcare expenditure, and the rising demand for viscometers to determine fluid dynamics of blood flow. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing incidence of vascular diseases is notably driving the market expansion, although factors such as the high cost of these products may impede the market development. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their expansion strategies.
Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the rotational viscometers segment will be significant during the forecast period. Rotational segment measure viscosity by analyzing the torque required to rotate a spindle immersed in a fluid at a constant speed. The price of a rotational segment depends on motor composition and the instrument's technical characteristics.
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The rotational viscometers segment was valued at USD 18,240.03 thousand in 2017 and continued to grow till 2021. There are two different types of rotational segment, namely, spring and springless. Consumers can purchase rotational segment with upgrades at higher prices or ones without upgrades at lower prices. Thus, customers have the flexibility to opt for a suitable rotational segment according to their needs. These factors will drive the expansion of this segment during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US and Canada are the key revenue-contributing countries in the regional market. The presence of major companies and the rising demand for testing blood viscosity are driving the expansion of the market in North America. Major companies such as BioFluid Technology Inc., RheoSense Inc., and Thermo Fisher Scientific Inc. offer innovative product. For example, RheoSense Inc. provides this product based on VROC technology, which measures dynamic viscosity across various applications. The adoption of this product in healthcare facilities is expected to increase, which, in turn, will drive the expansion of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides a market research report analysis of the latest market trends and analysis and growth opportunities from 2017 to 2027.
The prevalence of cardiovascular diseases underscores the importance of blood viscosity measurement devices in healthcare. While traditional products are often expensive and sophisticated, the market is evolving with advanced models that leverage cutting-edge technology. However, challenges such as budget constraints and lack of awareness hinder device utilization.
The emergence of point-of-care diagnostics is reshaping the landscape, with portable and user-friendly providing quick results. This trend aligns with research and development efforts focusing on cost-effective devices. The market potential for these products is significant, with strategic positioning and investment possibilities driving innovation. As the healthcare industry seeks efficient and accessible solutions, the demand for point-of-care testing devices, including blood viscometers, is expected to grow, addressing critical needs in cardiovascular care.
Blood Viscometer Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.22% |
Market growth 2023-2027 |
USD 13,049.76 thousand |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.25 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, France, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A and D Co. Ltd., AMETEK Inc., Analytical Technology and Control Ltd., Anton Paar GmbH, ATAGO Co. Ltd., Benson Viscometers Ltd., BioFluid Technology Inc., Cambridge Viscosity Inc., Cannon Instrument Co., China BeiJing Steellex Scientific Instrument Co., Fann Instrument Co., Health Onvector, KYOTO ELECTRONICS MANUFACTURING CO. LTD., Labtron Equipment Ltd., LAUDA Scientific GmbH, PCE Holding GmbH, Rheonics GmbH, RheoSense Inc., Thermo Fisher Scientific Inc., and Lamy Rheology |
Market dynamics |
Parent market analysis, Market forecasting, Market expansion inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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