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About this market
Blood viscometer plays a major role in evaluating blood viscosity, which will further provide valuable information regarding the risk of vascular disorders. The blood viscosity test determines the blood flow conditions throughout the vasculature and analyzes the risk of vascular symptoms, depending on the blood viscosity rates in the organ. The increasing prevalence of vascular diseases is likely to positively affect the growth of the global blood viscometer market. The high prevalence of Alzheimer's disease is likely to increase the demand for blood viscometer to diagnose the viscosity. Additionally, the blood viscometer is a fast, precise, and safe method to diagnose viscosity, which, in turn, will further increase the demand and adoption among the healthcare centers. Technavios analysts have predicted that the blood viscometer market will register a CAGR of over 6% by 2023.
Growing healthcare expenditure
The significant increase in healthcare expenditure among various countries, which is likely to contribute to the global blood viscometer market. Furthermore, with the increasing prevalence of heart diseases and rheumatoid arthritis in aging population, the demand for blood viscometers will increase. Thus, the increase in healthcare expenditure will also drive the adoption of blood viscometer, thereby driving the market's growth.
High cost of blood viscometers
The global blood viscometer market will grow at a significant pace during the forecast period; however, the high cost of blood viscometers and the procedure will hinder the growth prospects of the market, especially in price-sensitive countries such as developing and emerging economies. Furthermore, advances in blood viscometer have increased the prices of these systems, thereby hindering the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the blood viscometer market during the 2019-2023, view our report.
The blood viscometer market is moderately concentrated with the companies focusing on expanding their business in the products. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the markets competitive landscape and offering information on the products offered by companies.