Rheometer and Viscometer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Rheometer and Viscometer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The rheometer and viscometer market is expected to register a CAGR of 4% over the forecast period.

COVID-19 has influenced every element of society and it has impacted the healthcare and medical device industry, and so has affected the rheometer and viscometer devices market on a global scale. The government regulations and lockdown led to a substantial decline in overall non-emergency treatments, which in turn decreased the usage of viscometers and rheometers. Although cardiology departments offered emergency and outpatient treatments, the number of patient visits to hospitals declined dramatically in the initial month of COVID-19. An article titled, "The role of plasma viscosity testing in managing COVID-19 disease" published in May 2021 reported that plasma viscosity significantly got increased in COVID-19 patients and thus, viscosity become an important, inexpensive and accurate test to identify the individual is SARS-CoV-2 positive or not. Thus, sales of rheometer and viscometer devices dropped initially, but after a few months, the market witnessed significant growth.

The factors that are supposed to be driving this market are the expansion of petrochemical and material manufacturing industries, technological advancements in rheometers and viscometers, and the rising global burden of target diseases. Viscometers have important applications in real-time quality and process control for a wide range of industrial processes, e.g. in the food, chemical, pharmaceutical, and petrochemical industries. For instance, an article titled, "Using texture analyzer to characterize pecan and olive oil tactile properties, compare to viscometer analysis, and link to fatty acid profile and total polyphenols" published in February 2022, reported that viscometer is an important quality control instrument used in checking the viscosity of different food consumable oil, and thus an important factor to check the fatty acid profile of oils.

The rising global burden of target diseases is also driving this market. The engineering of blood viscometers for the diagnosis, prognosis, and prevention of cardiovascular and other diseases has been the subject of significant research interest. These micro-blood viscometers are advantageous because they use very small sample volumes for quick, routine clinical purposes. For instance, in May 2021 an article titled, "Microfluidic viscometers for biochemical and biomedical applications: A review” reported that diabetes can be monitored by comparing the deviation in the viscosity of the blood serum with the normal person and it was concluded that the change in the viscosity was not dependent on age, obesity, gender, or any other disease. The viscosity of the blood is an important parameter; measuring it has a wide scope in disease diagnostics. The increasing burden of global diseases is also fueling the growth of the market.

Also, the new product launches are constantly propelling the growth of the studied market. For instance, in December 2021, the PCE instrument launched a new Krebs-Stormer viscometer with a touchscreen, the PCE-REVI-8. The new viscosity meter allows quick testing of samples not only at the laboratory but also directly in production or storage rooms under suitable environmental conditions. It is new is a practical device for convenient measurements.

Thus, due to the above-mentioned factors, the market is expected to show significant growth over the forecast period. However, the high cost of the viscometer and rheometer may slow down its growth.

Key Market TrendsViscometer is Expected to Witness a Significant Growth Over the Forecast Period.

Viscosity is an important rheological parameter that needs to be measured accurately in various industrial applications to improve the quality of the product. Viscometers have wide applications in different fields like biopharmaceuticals and protein therapeutics, lubricants/adhesives, healthcare, food industries, and cosmetics, etc. In the healthcare industry, they have an important application in diagnostics, they are used for analyzing blood plasma and other liquid samples. They are also used in point-of-care diagnosis, chemical, and food industries. It is used as an important quality control parameter in the pharmaceutical industry to check the viscosity of syrups and various other liquid formulations. The benefits associated with viscometers are the capability to analyze the sample in different temperatures, versatility in analyzing different samples, high accuracy, ease of handling with fast processing time, and the capability to perform shear-dependent analysis at various speeds.

Viscometers are used by manufacturing companies in the production of ketchup, tomato juice, jam, batters, gums, starches, syrups, chocolate, milk concentrates (condensed milk), mayonnaise, fruit pulps, dressings, margarine, molasses, honey, pumpable shortenings. An article titled “Formulation and Evaluation of Herbal Syrup” published in June 2021 reported that formulation of these syrups at a laboratory scale is done and evaluated for several parameters such as pH, density, stability, and by measuring viscosity. Thus, viscometers are important components of quality assurance laboratories as they are used to obtain information about the flow behavior (rheology) of materials due to changes in processing conditions, formulation, aging (staling), etc. The new launches by the key market players are further fueling the growth of this segment. For instance, in January 2022, PAC LP, launched OptiMVD, a unique, compact, benchtop solution that measures viscosity and density very fast, without compromising precision and accuracy.

Also, the increasing use of viscometers in detecting blood samples of patients suffering from cardiovascular diseases and diabetes is propelling the growth of this market. For instance, an article titled, “Comparing of Frequency Shift and Impedance Analysis Method Based on QCM Sensor for Measuring the Blood Viscosity” published in March 2022 reported that blood viscosity measurements are crucial for the diagnosis of cardiovascular and hematological diseases. The increased blood viscosity increases hematocrit and fibrinogen, which promotes ischemic heart disease, stroke, and microvascular angina thus measuring viscosity helps in the detection of various cardiovascular diseases.

Thus, due to aforesaid mentioned reasons, the segment is expected to show significant growth over the forecast period.

North America is Expected to Witness a Significant Growth Over the Forecast Period.

North America is expected to hold a significant market share in the global rheometer and viscometer market, due to a growing number of disease diagnostic procedures related to viscosity and rheology analysis, technological advancements, rising consumption of packaged food, and the presence of major players. The new product launches in the region are fueling the growth of the studied market. For instance, in August 2020, RheoSense, Inc. launched VROC initium one plus, the automatic viscometer that measures viscosity with the highest accuracy.

In February 2022, the United States Food and Drug Administration (USFDA) reported that there are about 48 million cases of foodborne illness annually in America and that is equivalent to sickening 1 in 6 Americans each year. The rising number of foodborne diseases increased the need for food safety and quality check, thus, driving the rheometer and viscometer market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure are fueling the growth of the overall regional market to a large extent.

Additionally, the expansion of various domains, such as construction, petrochemicals, and industrial oil and lubricants, are likely to boost demand growth during the projection period. Similarly in March 2020, TA Instruments launched a high-performance rheometer, the discovery hybrid rheometer HR 30. This new trio of high-performance rheometers is five times more sensitive than previous versions and offers versatility in a platform that makes it easier for users of all experience levels to obtain accurate rheological data.

Thus, due to the aforesaid mentioned reason the region is expected to show significant growth over the forecast period.

Competitive Landscape

The rheometer and viscometer market is fragmented in nature due to the presence of fewer companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Anton Paar GmbH, Cannon Instrument Company, Spectris PLC, TA Instruments Inc., Thermo Fisher Scientific, Sysmex Corporation, Waters Corporation, GBC Scientific Equipment Pty Ltd, Petroleum Analyzer Company LP (PAC LP), Shimadzu Corporation, Hydramotion, and Bartec Group.

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