Research Nester’s recent market research analysis on “Blood Viscometer Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global blood viscometer market in terms of market segmentation by type, end user, and by region.
Growing Concern for the Prevalence of Chronic Diseases to Promote Global Market Share of Blood Viscometer
The need for accurate blood viscosity testing equipment has grown as a result of the world's rising prevalence of cardiovascular disease and its related issues. Cardiovascular diseases (CVDs) are the leading cause of death worldwide, accounting for 17.9 million deaths yearly. Furthermore, as point-of-care testing becomes more prevalent in healthcare settings, blood viscometers stand to get more exposure. Demand is likely to rise for gadgets that are lightweight, simple to operate, and deliver results rapidly. By carrying out ongoing research and development to improve blood viscometer technology, the market potential can be increased and potentially lead to the development of high-end yet fairly priced goods.
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Some of the major growth factors and challenges that are associated with the growth of the global blood viscometer market are:
Growth Drivers:
• Surge in Cardiovascular Diseases
• Rising Emphasis on Preventive Healthcare
Challenges:
The expense of blood viscometers may be a major barrier to their adoption, particularly in settings with limited funding. Due to the upfront costs associated with developing these devices and the ongoing maintenance and calibration requirements, healthcare facilities may face financial challenges that could limit market expansion. Blood viscometer offers a number of benefits, but its potential applications are not well understood by medical professionals. Additionally, using and interpreting viscometer data requires a certain level of knowledge and expertise. The absence of competent personnel possessing proficiency in blood viscometer techniques could hinder the growth of the market. High cost and lack of qualification are some of the major factors anticipated to hamper the global market size of blood viscometers.
By end user, the global blood viscometer market is segmented into hospitals and clinics. The hospitals segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Hospitals can use blood viscometers, which provide accurate and quick blood type information, to improve the quality of care they offer. This allows healthcare professionals to make more informed decisions about patient care. Blood viscometers can also be used to monitor a patient's progress over time and help with certain disease diagnoses. For manufacturers of blood viscometers, hospitals represent a crucial market. Blood viscometers are commonly used in hospitals for the diagnosis and surveillance of circulatory issues, such as cardiovascular disease. An average of 56,000 individuals die every day, or one every 1.5 seconds. Heart and circulation diseases claimed the lives of an estimated 9.8 million men and 9.2 million women globally in 2019. about one in four (27%) of all fatalities globally. It is projected that heart and circulation problems will cause a significant rise in the global mortality toll.
By region, the Asia Pacific blood viscometer market is to generate the highest revenue by the end of 2036. Growing knowledge of preventative healthcare, rising healthcare costs, and an aging population are expected to contribute to this growth. Significant market potential is also available in the region for developing nations with rising rates of cardiovascular disease, such as China and India.
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