Inspection Machine Market Growth Opportunity & Forecast 2028

The inspection machine market is expected to reach US$ 1,172.99 million by 2028 from US$ 821.66 million in 2021; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

Inspection machines provide the designers and engineers for processing of equipment, tools to assist in tasks such as sorting of syringes, blister packs, catheters, pills and high-speed inspection. These machines comprise systems such as metal detectors, oxygen and pressure/moisture inspection systems, and leak detection systems. The report offers an in-depth analysis of the inspection machine market, emphasizing on market trends, technological advancements, market dynamics, and competitive landscape (involving major market players across the world). It also includes the impact of the COVID-19 pandemic on the market across all the regions. The Inspection Machine market, by region, is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM).

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Inspection Machine Market: Strategic Insights

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North America held the largest market share in 2021. The growth of the market in North America is attributed to positive attitude toward the utilization of inspection machine among men and women, increasing number of online retails, and rising number of innovative product launches. Moreover, rising spending by sex technology companies is likely to fuel the North America inspection machine market growth during the forecast period.

Market Insights

Continuous Progress in Regulations Mandating GMP Compliance in Healthcare Sector

Healthcare compliance a crucial and rapidly expanding field as it is one of the highly regulated verticals. Various regulatory agencies focus on resolving public health concerns while introducing and implementing various public health and welfare programs. Many such entities work in coordination to preserve and regulate public health at all levels. Private organizations along with federal, state, and local governments contribute to the development and implementation of healthcare regulations. Regulatory agencies such as the US Food and Drug Administration (FDA), European Medicines Agency, and Pharmaceuticals and Medical Devices Agency (Japan) monitor manufacturers' compliance with current Good Manufacturing Practices (cGMP), as one of the important steps in the quality assurance of drugs and medical devices. The CGMP recommends minimal criteria for procedures, facilities, and controls necessary in the manufacturing, processing, and packing of pharmaceutical and medical products. Moreover, such restrictions also ensure that the respective products contain the specified ingredients and exhibit the promised strength.

The regulatory monitoring processes for medical innovations are being revamped in various countries. European Union (EU) has implemented the new Medical Device Regulation (MDR) that controls the manufacturing and distribution of medical devices in the region and takes a life-cycle approach to regulate products. Moreover, China published 36 "Opinions on Deepening the Reform of the Evaluation and Approval System and Encouraging the Innovation of Drugs and Medical Devices" in late 2017. Moreover, in June 2020, the US Food and Drug Administration (FDA) published a finalized guidance on the inspections of medical device establishments. Thus, continuous developments in regulatory standards for ensuring compliance in the healthcare sector is driving the inspection machine market growth.

Product-Based Insights

The inspection machine market, by product, is segmented into vision inspection systems, x-ray inspection systems checkweighers, metal detectors, software, and others. The vision inspection systems segment held the largest share of the market in 2021, and also anticipated to register the highest CAGR of 5.9% in the market during the forecast period.

Type-Based Insights

The inspection machine market, by type, is bifurcated into automatic and manual. The automatic segment held a larger share of the market in 2021, and also anticipated to register a higher CAGR of 5.4% in the market during the forecast period.

Packaging -Based Insights

The inspection machine market, by packaging, is segmented into ampoules, vials, blisters, and bottles. The ampoules segment held the largest share of the market in 2021, and anticipated to register the highest CAGR of 6.0% in the market during the forecast period.

End-User-Based Insights

The inspection machine market, by end-user, is segmented into pharmaceutical & biotechnology companies, medical device manufacturers, and food processing & packaging companies. The pharmaceutical & biotechnology companies segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 5.4% of the market during the forecast period.

The inspection machine market players adopt organic strategies, such as product launch and expansion, to expand their footprint and product portfolio worldwide as well as to meet the growing demand.

Inspection Machine Market Regional Insights

The regional trends and factors influencing the Inspection Machine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Inspection Machine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Inspection Machine Market Report Scope

Inspection Machine Market Players Density: Understanding Its Impact on Business Dynamics

The Inspection Machine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Inspection Machine Market are:

1. OMRON Corporation
2. THERMO FISHER SCIENTIFIC INC.
3. Cognex Corporation
4. Syntegon Technology GmbH (Bosch Packaging Technology)
5. METTLER TOLEDO

Disclaimer: The companies listed above are not ranked in any particular order.

 

By Product

• Vision Inspection Systems
• X-ray Inspection Systems
• Checkweighers
• Metal Detectors
• Software
• Others

By Packaging

• Ampoules
• Vials
• Blisters
• Bottles

By Type

• Automatic
• Manual

By End User

• Pharmaceutical & Biotechnology Companies
• Medical Device Manufacturers
• Food Processing & Packaging Companies

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• OMRON Corporation                    
• THERMO FISHER SCIENTIFIC INC.                                               
• Cognex Corporation                    
• Syntegon Technology GmbH (Bosch Packaging Technology)             
• METTLER TOLEDO                      
• Teledyne Technologies Incorporated                                             
• General Inspection LLC                
• BREVETTI CEA S.P.A                   
• Körber AG.                                
• Minebea Intec GmbH