New market research report on “Inspection Machines Market by Product (Vision Inspection, Checkweigher, Metal Detector, Software), Type (Manual, Automatic), Packaging Type (Vials, Syringes, Blisters), End User (Pharmaceutical, Medical Device), COVID-19 Impact - Global Forecast to 2025”, published by MarketsandMarkets™, the Inspection Machines Market is projected to succeed USD 871 million by 2025 from USD 671 million in 2020, at a CAGR of 5.4% during the forecast period.
Download an Illustrative overview of the report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81453085
Growing number of regulatory mandates to maintain compliance with GMP in the healthcare industry
Regulatory mandates in the healthcare industry to maintain compliance with Good Manufacturing Practices, increasing number of inspection checkpoints in production lines, growing number of product recalls, rising penetration of automated inspection systems in the pharmaceutical & biotechnology industries, and technological evolution in inspection systems are the major factors driving the growth of this market.
Browse in-depth TOC on “Inspection Machines Market”
150 — Tables
32 — Figures
215 — Pages
Fully automated inspection machines segment to account for the largest share of the inspection machines market, by type, in 2019
The fully automated machines segment is expected dominate the inspection machines market, by type, in 2019. The large share of this segment can majorly be attributed to advantages offered by fully automated inspection machines (such as high-throughput, maximum inspection accuracy, high detection rate, and compliance with high-standard regulations), growing demand for quality requirements as part of the zero-error strategy, and the increasing adoption of automated machines by various end users.
The vision inspection systems segment accounts for the largest share of the market, by product, in 2019
Based on product, the inspection machines market is segmented into vision inspection systems, leak detection systems, X-ray inspection systems, combination systems, checkweighers, metal detectors, software, and other inspection systems. The vision inspection systems segment accounted for the larger market share in 2019. The high adoption of vision inspection systems in the pharmaceutical, biotechnology, medical device, cosmetic, and food industries compared to other systems due to their ease of use, easy adaptability, and high performance are contributing to the market for consumables.
Pharmaceutical & biotechnology companies are estimated to be the largest end users of inspection machines in 2019
Pharmaceutical & biotechnology companies are expected to account for the largest share of the inspection machines market, by end user, in 2019. The large share of this segment can majorly be attributed to stringent government regulations regarding packaging quality and the increasing need to combat counterfeit pharmaceutical products, product recalls, and the prevention of loss of business revenue.
APAC market is estimated to grow at the highest CAGR during the forecast period
The inspection machines market in the APAC is estimated to grow at the highest CAGR during the forecast period. The high growth in this regional market can be attributed to factors such as the increasing number of regulatory mandates to maintain compliance with Good Manufacturing Practices; growing number of pharmaceutical & biotechnology manufacturers; significant growth in the pharmaceutical, food processing & packaging, and medical device industries; and favorable government initiatives to promote the inspection of products in the pharmaceutical and biopharmaceutical industries in several Asia Pacific countries .
The prominent players operating in the global inspection machines market are ACG Worldwide (India). Körber AG (Germany), METTLER TOLEDO International Inc. (US), Brevetti C.E.A SPA (Italy), Teledyne Technologies (US), Cognex Corporation (US), Omron Corporation (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Jekson Vision Private Limited (India), Thermo Fisher Scientific (US), Antares Vision (Italy), OPTEL Group (Canada), and Robert Bosch GmbH (Germany).
· METTLER-TOLEDO International Inc. launched the Tablex-Pro metal detection systems to enhance its portfolio in the inspection machines market.
· Antares Vision and ALP.I SPAC signed an agreement to merge both the companies by February 2019 to provide support for pharmaceutical companies and accelerate the growth path undertaken by Antares Vision for the inspection machines market.
· Körber AG acquired Fargo Automation Inc. (US). This acquisition strengthened Körber’s pharma systems business and extended its offerings for pharmaceutical and biopharmaceutical customers in the North American market.
· Robert Bosh GmbH planned to invest more than USD 113.5 million (EUR 100 million) on Indian manufacturing and development locations. This will help the company to establish its position in the Indian market.