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 .
Top Companies:
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).
Recent Developments
·
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.