What is Market Size for Inspection Machines Market?

2022-07-19 14:19:28 UTC | Healthcare & Pharmaceuticals
What is Market Size for Inspection Machines Market?

The Inspection machines market is projected to reach USD 871 million by 2025 from USD 671 million in 2020, at a CAGR of 5.4% during the forecast period. The inspection machine is a machine used to check whether a product meets the quality standards, and inspection is possible based on leakage, weight, and packaging.

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The growth of this market is majorly driven as companies are now increasingly adopting inspection systems throughout their production lines due to the growing concerns to the regulatory mandates introduced by the government and regulatory bodies in the healthcare industry to maintain compliance with Good Manufacturing Practices (GMP).

Market Segmentation

Based on type, the inspection machines market is segmented into fully automated machines, semi-automated machines, and manual machines. The fully automated machines segment accounted for the largest share of the inspection machines market.

Based on application, the inspection machines market is segmented into ampoules & vials, syringes, blister packaging, bottles, and other packaging types. The syringes segment is expected to grow at the highest CAGR during the forecast period

Regional Analysis

The Asia Pacific inspection machines market is expected to grow at the highest CAGR from 2020 to 2025. Factors such as the increasing number of regulatory mandates in the healthcare industry to maintain compliance with good manufacturing practices (GMP); the growing number of pharmaceutical & biotechnology manufacturers; significant economic development in emerging markets such as China and India; tremendous growth in the pharmaceutical, food processing & packaging, and medical device industries; and favorable government initiatives to promote the inspection of products in the pharmaceutical & biopharmaceutical industries are expected to drive the growth of this market during the forecast period.

Key Market Players

The prominent players in this market are Robert Bosch GmbH (Germany), Körber AG (Germany), METTLER-TOLEDO International Inc. (US), ACG Group (India), Cognex Corporation (US), OMRON Corporation (Japan), Teledyne Technologies Incorporated (US), Brevetti CEA SpA (Italy).

Robert Bosch GmbH held the leading position in the inspection machines market. Bosch Packaging Technology, a wholly-owned subsidiary of Robert Bosch, provides inspection machines for the healthcare industry. The company offers a broad range of inspection machines.

Frequently Asked Questions (FAQ):

·         Which are the top industry players in the global inspection machines market?

·         Which global inspection machines products have been included in this report?

·         Which geographical region is dominating in the global inspection machines market?

·         Which is the leading global inspection machine type?

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