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% during the forecast period. This is attributing to the expansion of petrochemical and material manufacturing industries, technological advancements in rheometers and viscometers, and the rising global burden of target diseases.

As these devices are being used in several industries for determining the rheological properties, fluid internal flow resistance and flow properties of liquids are a few of the important parameters to look at. Thus, benefits associated with rheometer and viscometer, such as monitoring batch consistency, quality checks in the food industries, analyzing flow properties of milk, and measuring the flow of engine oil in petrochemical, result in propelling the growth of the overall market.

Furthermore, the growing stringent regulatory frameworks for product safety in biotechnology, pharmaceuticals, and cosmetics with refinery plants are rapidly adopting automation to ensure safety, promoting the growth of rheometer and viscometer.

Key Market Trends

Viscometer by Product Type is Estimated to Witness a Healthy Growth in Future.

The viscometer is estimated to witness healthy growth in the future, owing to the increasing adoption of these instruments in diagnostic laboratories, pharmaceuticals researchers, and petrochemical industries. 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 capability to perform shear dependent analysis at various speeds. Additionally, checking the viscosity of jams and syrups to ensure batch consistency with the ability of various blood viscometer to predict the risks associated with cardiovascular diseases results in propelling the segment's growth.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in 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 diseases diagnostic procedures related to viscosity and rheology analysis, technological advancements, rising consumption of packaged food, and the presence of major players. As per the Centers for Disease Control and Prevention, every year, one out of 10 people get sick due to foodborne illness. 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.

Competitive Landscape

The rheometer and viscometer market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Anton Paar GmbH, Cannon Instrument Company, Spectris PLC, U-CAN Dynatex Inc., TA Instruments Inc., Thermo Fisher Scientific, Sysmex Corporation, and Waters Corporation.

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