Inspection Machine Market is expected to reach US$ 1,172.99 Million by 2028

Vision Inspection Systems Segment Held Largest Share of Inspection Machine Market in 2021

According to our new research study on “Inspection Machine Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Packaging, Type, End User,” the 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. The report highlights trends existing in the market, and drivers and hindrances pertaining to the market growth. Factors such as continuous progress in regulations mandating GMP compliance in the healthcare sector, benefits of high-tech inspection machines drives the market growth. However, the growing demand for refurbished instruments hampers the growth of the global inspection machine market.

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.

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.

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.

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.

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., and Minebea Intec GmbH are among the leading companies operating in the inspection machine market. The companies are adopting inorganic and organic growth strategies to expand their footprints and product portfolio across the world to meet the rising demands for inspection machine. In February 2021, Thermo Fisher Scientific's Niton XL5 Plus handheld XRF analyzer helps businesses mitigate risk through the usage of x-ray fluorescence technology through lab-quality elemental analysis directly in the field. The Niton XL5 Plus, the smallest and lightest portable XRF analyzer, provides users with greater accessibility in hard to maneuver workspaces and reduces operator fatigue.

Inspection Machine Market, by Region, 2021(%)

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Inspection Machine Market Growth Opportunity & Forecast 2028

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Inspection Machine Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product (Vision Inspection, Checkweigher, Metal Detector, Software); Type (Automatic, Manual); Packaging (Ampoules, Vials, Blisters, Bottles); End User (Pharmaceutical, Medical Devices, Food)

By geography, the Inspection Machine market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).