Inspection Machines Market Will Hit $871 Million by 2026 | CAGR: 5.4%


Posted June 28, 2022 by johnnyandrew

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
 
The inspection machines market, driven by rapid growth of aging population, growing pharmaceutical market, rapid rise in chronic and infectious disease cases, and various technological advancements across the globe. In addition, emergence of new application areas further provides significant opportunities for the various stakeholders in the global inspection machines market.

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Inspection has become a standard assessment of any manufacturing system. It is the means of rejecting nonconformities and assuring good quality products. The advent of technologically updated inspection equipment helped to overcome the problems associated with traditional approaches. Traditional approach used labour-intensive methods that resulted in the increase of manufacturing lead time and production cost.

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.

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.

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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).

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. It has facilities in Germany, Austria, Denmark, France, the Netherlands, Russia, Switzerland, the UK, Brazil, China, India, Japan, Singapore, Thailand, Egypt, Nigeria, and South Africa. It focuses on product launches as its key business strategy.

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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.
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Issued By johnny
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Tags inspection machines market
Last Updated June 28, 2022