Global Rheometer and Viscometer Market - 2022-2029

Global Rheometer and Viscometer Market - 2022-2029

Market Overview

The global rheometer and viscometer market size was valued at US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

The viscosity of a fluid is measured with a viscometer. A rheometer is a type of viscometer used to measure fluids that cannot be characterized by a single value of viscosity and so require the setting of multiple parameters.

Market Dynamics

The global rheometer and viscometer market growth is driven by the increasing technological advancements,growing global burden of target diseases,the increasing number of healthcare centers and super-specialty hospitals around the globe.

Extensive application across many end-use industries is a major growth driver.

Rheometers and viscometers are important tools in pharmaceutical research and development because they help with product quality control. Evaporation fluids, gels, tablets, and catheter polymers are all tested with these devices to see how they flow and behave. Viscosity testing is critical in the cosmetics and personal care business for quality control and product processability throughout manufacturing. Furthermore, food and beverage makers utilize rheometers and viscometers to evaluate the batch quality and consistency of various food and beverage items such as milk and honey. As a result, such factors are expected to boost the global market growth in the future.

Rapid technical improvements and increased R&D investments by manufacturers in rheometer and viscometer for various end-use industries are major factors driving market expansion. Growth is further aided by the expansion of the petrochemical and material manufacturing industries and the tightening of government regulatory frameworks for product safety compliance in pharmaceutical, cosmeceutical, and biotechnological enterprises. Furthermore, increasing public-private expenditures to encourage product innovation and expand the number of target diseases contributes to market growth. Furthermore, the widespread use of viscometers in the chemical, petroleum, oil, and gas industries and the availability of innovative and cost-effective devices in emerging economies all contribute to market expansion throughout the projection period. These factors are boosting the growth of rheometer and viscometer market.

Rotational rheometers' specific constraints are projected to impede market expansion.

Rotational rheometers have several mechanical parts exposed to air, which could taint or harm these parts over time. These devices require far larger sample quantities than other types of rheometers, making the process highly costly. Furthermore, some materials in rotating rheometers are prone to intrinsic storage deformation, which impacts measurement findings. The difficulties associated with rotational rheometers are likely to stifle market expansion in the future.Moreover, the high cost of installation of rheometers and viscometers, as well as a scarcity of highly experienced personnel to operate these systems, may stifle the global rheometer and viscometer market's growth.

COVID-19 Impact Analysis

COVID-19 has influenced every element of the medical device industry, including the market for rheometer and viscometer devices, on a global scale. Although cardiology departments offer emergency and outpatient treatments, the number of patient visits to hospitals has declined dramatically in the last six months. Due to widespread lockdowns and social distancing efforts, patient visits have decreased dramatically. As a result, sales of rheometer and viscometer devices have dropped even further.

Segment Analysis

The viscometer segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

The viscometer is expected to grow in the future due to the increasing use of these instruments in diagnostic laboratories, pharmaceutical research, and the petrochemical industry. The advantages of viscometers include the ability to analyze samples at different temperatures, versatility in analyzing different samples, high accuracy, ease of handling with quick processing time, and the ability to perform shear-dependent analysis at various speeds. Furthermore, checking the viscosity of jams and syrups to ensure batch consistency, combined with the ability of various blood viscometers to predict the risks associated with cardiovascular diseases, propels the segment's growth.

According to the World Health Organization (WHO) 2021, Cardiovascular diseases are the leading cause of death worldwide.In 2019, an estimated 17.9 million people died from CVDs, accounting for 32% of global deaths. A heart attack or a stroke caused Eighty-five percent of these deaths.More than three-quarters of CVD deaths occur in low- and middle-income countries.Cardiovascular diseases were responsible for 38 percent of the 17 million premature deaths (under 70) caused by noncommunicable diseases in 2019.Most cardiovascular diseases can be avoided by addressing behavioral risk factors such as tobacco use, poor diet and obesity, physical inactivity, and excessive alcohol consumption.The rise in risk of cardiovascular disease will boost the growth of this segment.

Geographical Analysis

North America region holds the largest market share of the global rheometer and viscometer market

North America is expected to hold a significant market share in the global rheometer and viscometer market because of a growing number of disease diagnostic procedures related to viscosity and rheology analysis, technological advancements, rising packaged food consumption, and the presence of major players. According to the Centers for Disease Control and Prevention, one out of every ten people becomes ill from a foodborne illness each year. As the number of foodborne diseases increased, so did the need for food safety and quality control, propelling this region's rheometer and viscometer market. Furthermore, rising healthcare expenditures and well-established healthcare infrastructure are propelling the overall regional market to new heights.

In addition, organic and inorganic strategies such as mergers and acquisitions and partnerships within key market players will strengthen their product portfolio in the studied market which will drive the market. Also, several product launches in the market will lead to lucrative growth of the market. For instance, in December 2016, Anton Paar has successfully launched the SVMTM 3001 Viscometer, which offers a unique combination of features for easy, accurate, and quick determination of viscosity, density, Viscosity Index, and other parameters from a single syringe. The SVMTM series will now be expanded with the SVMTM 2001 and SVMTM 4001. Furthermore, advancements in various rheometer and viscometer from established key players, in the United States, are likely to drive the market growth in North America.

Competitive Landscape

The rheometer and viscometer market is a fiercely competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Shimadzu Corporation, Waters Corporation, Anton Paar GmbH, Bartec Group, Brookfield Engineering Laboratories, Cannon Instrument Company, Dynisco LLC, GOTTFERT Material Testing Machines GmbH, Hydramotion Ltd, ThermoFisher Scientific Inc, U-CAN Dynatex Inc, Brabender GmbH among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the rheometer and viscometer market globally. For instance, In December 2020, MonTech Rubber Testing Solutions, based in Germany, expanded its machine capabilities by introducing new high-performance 5-axis CNC machines used to manufacture components for die rheometers and rubber process analyzers. The new manufacturing facilities include improved quality control features, advanced additive manufacturing operations, automated loading and unloading, and high-precision Turn/Grind/Mill operations.

Thermo Fisher Scientific

Overview:

Thermo Fisher Scientific describes itself as a world leader in serving science. Thermo Scientific, Applied Biosystems, and Patheon are among the company's brands. It is a global provider of scientific instruments, software, and services for laboratories in various industries, as well as government and academia. Thermo Fisher Scientific, which employs over 80,000 people worldwide, was formed in 2006 by Thermo Electron and Fisher Scientific merger. The FDA granted Thermo Fisher an emergency use authorization (EUA) for a COVID-19 diagnostic test as early as March 2020. Since then, the FDA has granted EUAs additional Thermo Fisher COVID-19 diagnostics, including a kit for detecting and distinguishing SARS-CoV-2, influenza A, and influenza B in nasal swabs in February 2021.

Product Portfolio:

HAAKETM MARSTM iQ Rotational Rheometers: Thermo ScientificTM HAAKETM MARSTM iQ Rotational Rheometers provide easy-to-use, dependable, and adaptable rheological measurements. Everything about this QC rheometer is designed to provide simple operation and quick, dependable results. A sophisticated touchscreen allows standard operating procedures to be run directly from the rheometer. The Connect Assist feature directs users to error-free measurement.

Why Purchase the Report?

Visualize the composition of the global rheometer and viscometer market segmentation by product type, sample, end user, and region highlighting the key commercial assets and players.

Identify commercial opportunities in the global rheometer and viscometer market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of global rheometer and viscometer market-level 4/5 segmentation.

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Product mapping in excel for the key product of all major market players

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