The inspection machines market is projected to reach USD 905 million by 2027 from USD 721 million in 2022, at a CAGR of 4.7% during the forecast period. Factors such as the increasing issues in regulatory mandates by the government, the growing adoption of automated inspection systems in the pharmaceutical and biotechnology industries, and technological advancements in inspection systems leads to the growth of the market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=81453085
The Inspection Machines Market is a segment of the broader industrial automation and machinery sector. Inspection machines are used to verify and ensure the quality, safety, and compliance of various products across industries such as pharmaceuticals, food and beverages, automotive, electronics, and more.
The combination system segment is expected to grow at the highest CAGR during the forecast period
On the basis of product, the inspection machines market is divided into vision inspection systems, X-ray inspection systems, combination systems, checkweighers, metal detectors, software, leak detection systems, and other inspection systems. During the forecast period (2022-2027), the combination system segment is projected to witness the highest growth in the inspection machines market. The growth of this segment is driven by factors including, minimal human inspection, and the rising demand for faster inspection of products.
The fully automated machines segment is expected to account for the largest share of the inspection machines market
On the basis of type, the inspection machines market is divided into fully automated machines, semi-automated machines, and manual machines. In 2021, the fully automated machines segment dominated the inspection machines market in 2021, based on market share. Factors responsible for the highest share of this segment include, high detection and throughput rate, and high inspection accuracy as compared to other systems.
Syringes segment is expected to grow at the highest rate during the forecast period
On the basis of packaging type, the inspection machines market is divided into syringes, blister, bottles, ampoules & vials, and other packaging types. During the forecast period (2022-2027), the syringes segment is expected to grow at the highest CAGR. The factor responsible for growth is that syringes are growth in adoption for injectable vaccines and drug delivery.
By end-user, the pharmaceutical & biotechnology companies is expected to account for the largest share of the inspection machines market
The inspection machines market, by end-user, is divided into medical device manufacturers, pharmaceutical & biotechnology companies, food processing & packaging companies, and other end-users (nutraceuticals and cosmetic companies). In 2021, the pharmaceutical & biotechnology companies segment accounted for the largest market share. Factors responsible for the high market share of this segment are, emerging markets and growing biotechnology and pharmaceutical companies, stringent government regulations.
During the forecast period Asia Pacific is expected to account for the highest CAGR in the inspection machines market
During the forecast period 2022-2027, the Asia Pacific inspection machines market is expected to grow at the highest CAGR. Factors such as the significant economic development in emerging markets such as China and India, growth in the inspection machine market in Asia pacific region is expected to drive the growth of this market during the forecast period.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=81453085
Top Key Companies in the Inspection Machines Market
The prominent players in this market are Thermo Fisher Scientific (US), Robert Bosch GmbH (Germany), OPTEL Group (Canada), Körber AG (Germany), Cognex Corporation (US), METTLER TOLEDO International Inc. (US), Teledyne Technologies Incorporated (US), ACG Group (India), OMRON Corporation (Japan), Antares Vision S.p.A. (Italy), Brevetti CEA SpA (Italy), Jekson Vision Private Limited (India), Mitsubishi Chemical Holdings Corporation (Japan), Shanghai Tofflon Science and Technology Co. Ltd. (China), Systech International (US), LOMA Systems (UK), Laetus GmbH (Germany), VITRONIC (Germany), WIPOTEC-OCS GmbH (Germany), SEA Vision S.r.l. (Italy), Proditec (France), Iris inspection machines (France), CMP Pharma SRL (Italy), General Inspection (US), and Minebea Intec 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.
Körber AG held the second position in the inspection machines market. The company’s wholly owned subsidiary Körber Medipak Systems AG (Switzerland), is engaged in providing software, materials, machines, and technologies to the pharmaceutical and biotech industry.
Buy Inspection Machines Industry Research Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=81453085
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/inspection-machines-market-81453085.html
