Global Inspection Machines Market Size, Trends, and Analysis - Forecasts To 2026 By Product (Vision Inspection Systems, Leak Detection Systems-ray Inspection Systems, Combination Systems, Checkweighers, Metal Detectors, Software, and Other Inspection Systems), By Type (Fully-Automated Inspection Machines, Semi-Automated Inspection Machines, Manual Inspection Machines), By Application (Ampoules and Vials, Syringes, Blister Packaging, Bottles, and Other Packaging Types), By End-User (Pharmaceutical and Biotechnology Companies, Medical Device Manufacturers, Food Processing and Packaging Companies, Other End Users), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Inspection Machines Market: Insights
Inspection machines are hand-operated, mechanical, and computerized systems that inspect products and packages to ensure that they conform to a specification. Also, it is a process of performing automatic testing of products or the routine inspection of infrastructure. It combines data collection and analysis with hand testing and examination for a thorough look at the condition of the equipment. It also makes sure that the machine is safe to use and all the systems in the machine are working properly.
Factors such as rising investments in healthcare, growth in the number of product recall due to unsatisfactory quality, lesser risks of injuries at the workplace, increased number of inspection checkpoints, technology advancements, market-related factors (increased demand wages and reluctance to perform monotonous inspection jobs), lower repair costs and the growing regulatory pressure for improvements in quality control are expected to increase demand for the market inspection machines.
Inspection Machines Market: By Type
The three different categories of this machine are semi-automated inspection machines, manual inspection machines, and fully-automated inspection machines. The fully automated inspection machines will be the major contributor to global revenue from 2021 to 2026. This is due to the technical advancements in the inspection systems and the increasingly stringent regulatory norms laid by the government.
Inspection Machines Market: By Application
According to the application analysis, the market is segmented into bottles, syringes, ampoules and vials, blister packaging, and other packaging types. In terms of revenue growth, the largest shareholder was the ampoules and vials segment in 2020. This is mainly due to the presence of a vast number of biotech companies and the adoption of automated systems in these companies.
Inspection Machines Market: By End-User
Based on the study, the end-user market can be divided into three categories, namely, pharmaceutical and biotechnology companies, medical device manufacturers, food processing and packaging companies, among others. In 2020, the pharma & biotech companies segment is predicted to foster the fastest growth in the market as compared to other sectors/ end users. This is due to the growing technological advancement and widespread adoption of automated systems in pharmaceutical and biotech companies along with increasing awareness among people.
Inspection Machines Market: By Region
The dominant market segment is held by the North American region in terms of revenue generation. This is attributed to the growth opportunities for players who operate in the market due to the presence of a vast number of biotech companies, growing government pressure for improvements in quality control, the advancements made in the healthcare sector, and the increasing adoption of automated systems. However, the APAC region would be the fastest-growing segment.
Inspection Machines Market Share & Competitor Analysis
Shanghai Tofflon Science and Technology Co.Ltd (China), Teledyne Technologies Incorporated (US), Mitsubishi (Japan), Systech International (U.S), METTLER-TOLEDO International Inc. (US), LOMA Systems(UK), Laetus GmbH (Germany), WIPOTEC-OCS GmbH (Germany), SEA Vision S.r.l. (Italy), Robert Bosch GmbH (Germany), Thermo Fisher Scientific (US), OPTEL Group (Canada), Cognex Corporation (US), Körber AG (Germany), ACG Group (India), and OMRON Corporation (Japan) among others, are the major vendors competing in the market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Inspection Machines Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Inspection Machines Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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