A blood vessel function inspecting apparatus including a first blood state index value calculating portion that obtains estimated hematocrit values at a plurality of points predetermined within a blood vessel, on the basis of values of a blood viscosity and values of a shear rate at said plurality of points, which are respectively extracted from a viscosity distribution and a shear rate distribution, and according to reference relationships between a hematocrit value and the blood viscosity, which reference relationships respectively correspond predetermined different values of the shear rate; and a second blood state index value calculating portion that calculates, as said blood state index value, a value relating to an amount of difference of the estimated hematocrit values at said plurality of points with respect to each other, which amount is minimized by transforming said reference relationships at the same ratio for all of the values of the shear rate.