Recent Developments Inspection Machines Market
- Antares partnered with IMA; a company engaged in the design production of machines for process automation and packaging of pharmaceutical cosmetic products.
- METTLER-TOLEDO International Inc. launched their Tablet-Pro metal detection systems.
- Cognex Corporation launched the DSMax32T laser displacement 3D system.
- ACG Inspection opened a new Center of Excellence in Switzerland.
According to a research report "Inspection Machines Market by Product (Vision Inspection, Checkweigher, Metal Detector, Software), Type (Manual, Automatic), Packaging Type (Vials, Syringes, Blisters), End User (Pharmaceutical, Medical Device), COVID-19 Impact - Global Forecast to 2025", 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.
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The growth of this market is driven by growing concerns about regulatory obligations introduced by governments and regulators in the healthcare industry to maintain Good Manufacturing Practices (GMP) compliance as companies increasingly adopt inspection systems throughout their production lines. has been You will be guided accordingly.
Robert Bosch GmbH (Germany), Krber AG (Germany), METTLER-TOLEDO International Inc. (US), ACG Group (India), Cognex Corporation (US), OMRON Corporation (Japan), Teledyne Technologies Incorporated (US), Brevetti CEA SpA (Italy)
The software segment is expected to grow at the highest CAGR during the forecast period
The software segment is projected to witness the highest growth in the inspection machines market during the forecast periods (2020-2025). Growth in this segment is mostly driven by the increasing demand for faster inspection of products in the manufacturing process and minimal human inspection leads to the growth of adopting digital solutions for better imaging and accuracy. Software integrated with such systems is improving the overall process efficiency.
The fully automated machines segment is expected to account for the largest share of the inspection machines market
The large share of the fully automated machines segment can be attributed to these systems benefits, such as high throughput rate, maximum inspection accuracy, high detection rate, and compliance with high standard regulations compared to the other systems.
Syringes segment is expected to grow at the highest rate during the forecast period
The syringes segment is expected to grow at the highest CAGR during the forecast period, primarily due to the increasing adoption of inspection machines being used to check pre-filled syringes as these syringes are witnessing a surge in adoption for injectable drug delivery and vaccines.
The pharmaceutical biotechnology companies end-user segment is expected to account for the largest share of the inspection machines market
The pharmaceutical biotechnology companies segment accounted for the largest market share. Inspection machines are widely used in pharmaceutical biotechnology companies for quality checks and quality assurance, which is a major factor in driving the market growth.
Asia Pacific is expected to account for the highest CAGR for players operating in the inspection machines market
The Asia Pacific inspection machines market is expected to grow at the highest CAGR from 2020 to 2025. Factors such as the increasing number of regulatory mandates in the healthcare industry to maintain compliance with good manufacturing practices (GMP); the growing number of pharmaceutical biotechnology manufacturers; significant economic development in emerging markets such as China and India/
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