Global Inspection Machines Market Report to 2027: Increasing Pharmaceutical & Biotechnology R&D Expenditure Drives Growth

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Inspection Machines Market by Product (Vision Inspection, Leak Detection, X-ray Inspection, Checkweigher, Metal Detector, Software), Type (Manual, Automatic), Packaging Type (Vials, Syringes, Blister), End User (Pharma, Biotech) - Global Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

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%.

Factors such as growing adoption of automated inspection systems in the pharmaceutical and biotechnology industries, and growing product recalls are driving the market.

On the basis of product, the vision inspection systems segment holds the largest market share during the forecast period.

On the basis of product, the inspection machines market is segmented into vision inspection systems, X-ray inspection systems, leak detection systems, metal detectors, combination systems, check weighers, software, and other inspection systems.

In 2021, the vision inspection systems segment accounted for the larger market share. Factors contributing for the growth of this segment are, the increasing adoption of vision inspection systems in various industries like food, pharmaceutical, and medical device industry.

On the basis of type, the fully-automated inspection machines segment is expected to register the highest CAGR during the forecast period.

On the basis of type, in 2021, the inspection machines market is divided into fully automated machines, semi-automated machines, and manual machines. During the forecast period the fully automated machines segment is expected to register the highest CAGR in the inspection machines.

The fully automated machines have many benefits, like high detection and throughput rates, and high inspection accuracy among the other machines and increasing need to reduce particles and cosmetic defects in this segment will continue to drive market growth.

On the basis of packaging type, the ampoules & vials segment holds the largest market share during the forecast period.

On the basis of packaging type, the inspection machines market is divided into ampoules & vials, blister, bottles, syringes, and other packaging types. In 2021, the ampoules & vials segment holds the largest market share the inspection machines market. Factors responsible for the large share of this segment include vaccine delivery and increasing adoption in the pharmaceutical industry.

During the forecast period, by end user, the pharmaceutical & biotechnology companies segment is expected to register the highest CAGR.

On the basis of end users, the inspection machines market is divided into medical device manufacturers, food processing & packaging companies, pharmaceutical & biotechnology companies, and other end users (nutraceuticals and cosmetic companies). During the forecast period (2022-2027), the pharmaceutical & biotechnology companies segment is expected to witness the highest growth. Factors responsible for the growth include, increasing number of pharmaceutical and biotechnology companies which utilize inspection machines with the GMP guidelines and support and regulatory guidelines by the government.

In 2021, North America is expected to account for the largest share of the inspection machines

In 2021, North America accounted for the largest share of the inspection machines market, followed by Europe. Factors responsible for the growth of the segment includes key players presence in this region and, stringent regulatory mandates for healthcare manufacturers.

Market Dynamics

Drivers

• Growing Mandates to Maintain Gmp Compliance
• Increasing Pharmaceutical & Biotechnology R&D Expenditure
• Growing Product Recalls
• Increasing Inspection Checkpoints Throughout Production
• Growth in Medical Devices Industry

Restraints

• Growing Demand for Refurbished Equipment due to High Cost of Inspection Machines
• Lack of Access in Emerging Markets

Opportunities

• Technological Advancements
• Rising Outsourcing of Manufacturing Operations to Emerging Economies

Challenges

• Complexities in Integrating Inspection Machines

Companies Mentioned

• Acg Group
• Antares Vision S.P.A.
• Brevetti Cea Spa
• Cmp Pharma Srl
• Cognex Corporation
• General Inspection
• Iris Inspection Machines
• Jekson Vision Private Limited
• Korber Ag
• Laetus GmbH
• Loma Systems
• Mettler Toledo
• Minebea Intec GmbH
• Mitsubishi Chemical Holdings Corporation
• Omron Corporation
• Optel Group
• Proditec
• Robert Bosch GmbH
• Sea Vision S.R.L.
• Shanghai Tofflon Science and Technology Co. Ltd.
• Systech Group Limited
• Teledyne Technologies Incorporated
• Thermo Fisher Scientific, Inc.
• Vitronic Dr.-Ing. Stein
• Wipotec Ocs GmbH

For more information about this report visit https://www.researchandmarkets.com/r/d13ddi

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