Market Trends of Global Rheometer and Viscometer Industry
This section covers the major market trends shaping the Rheometer Viscometer Market according to our research experts:
Viscometer 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.
