Inspection Machines Market - Global Forecast to 2021 | CAGR of 5.9%
According to the new market research report "Inspection
Machines Market by
Type (Full Automated, Semi-automated, Manual), Product (Leak Detectors, Vision
Machine), Packaging (Ampoules, Blisters, Syringes, Vials), End user
(Pharmaceutical, Medical device) - Global Forecast to 2021",
published by MarketsandMarkets™,
analyzes and studies the major
market drivers, restraints/challenges, and opportunities in North America,
Europe, Asia-Pacific, and the Rest of the world (RoW).
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The
global inspection machines market is expected to reach USD 396.4 Million by
2021. This market is estimated to be valued at USD 298.0 Million in 2016 and
grow at a CAGR of 5.9% from 2016 to 2021.
The global inspection
machines market is projected to reach USD 396.4 Million by 2021, at a CAGR of
5.9% from 2016 to 2021. The prominent drivers of this market are the growing
number of regulatory mandates to maintain compliance with current Good
Manufacturing Practices (cGMPs), increased product recalls, growing adoption of
automated inspection systems, and rising number of inspection checkpoints in
the production line. On the other hand, the sales of used and refurbished
equipment encroaching on new unit business is a major restraint for market
growth.The global inspection machines market is mainly segmented on the basis of product, packaging type, machine type, end user, and region. On the basis of product, the market is segmented into seven segments vision inspection systems, leak detection systems, X-ray inspection systems, metal detectors, checkweighers, software, and other inspection systems (carbon dioxide, oxygen, and pressure/moisture inspection systems). In 2015, the vision inspection machines segment accounted for the largest share of the market. The high adoption rate of camera-based vision inspection machines by pharmaceutical & biotechnology companies and medical device manufactures is the primary reason behind the largest share of this segment. By machine type, the market is segmented into three segments fully, semi-automated, and manual inspection machines. By packaging type, the market is segmented into five segments—ampoules & vials, blisters, bottles, syringes, and others.
Browse and in-depth TOC on "Inspection Machines
Market"
108 – Tables
39 - Figures
167 - Pages
108 – Tables
39 - Figures
167 - Pages
View
more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/inspection-machines-market-81453085.html
On the basis of end users, the global inspection machines market
is mainly segmented into three types, namely, pharmaceutical and biotechnology
companies, medical device manufacturers, and other end users. In 2015,
pharmaceutical & biotechnology companies are estimated to account for the
largest share, owing to the rising number of regulatory mandates to maintain
compliance with cGMPs.
Geographically, the Asia-Pacific region, especially Japan, China,
and India, is expected to witness substantial growth owing to the large
presence of major pharmaceutical manufacturers and the increasing number of
regulatory mandates to comply with cGMPs in these emerging markets.
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The Asia-Pacific region, on the
other hand, represents the fastest-growing market for the inspection machines
market. The high growth rate in this market is primarily attributed to the
growing number of pharmaceutical & biotechnology manufacturers and
increased number of regulatory mandates to comply with cGMPs in these emerging
markets.
This research report discusses the
key market drivers, restraints, challenges, and opportunities in the global
inspection machines market and its submarkets. The leading players in the
global market include Robert Bosch GmbH (Germany), Cognex Corporation (U.S.),
Omron Corporation (Japan), Mettler-Toledo International Inc. (U.S.), Teledyne
Technologies Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan),
Sartorius AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Brevetti C.E.A. SPA
(Italy), and Körber Medipak Systems AG (Switzerland).
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