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. The growing concerns to the regulatory mandates introduced by the government and regulatory bodies in the healthcare industry to maintain compliance with Good Manufacturing Practices (GMP), the increasing adoption of automated inspection systems in the pharmaceutical and biotechnology industries, growth in the number of product recalls, an increasing number of inspection checkpoints throughout the production line, and technological advancements in inspection systems support the growth of the market.
Inspection Machines Market Insight:
Inspection Machines market size, segment size (primarily including product type, application, and geography), competitor analysis, recent status, and development trends are all covered in this research. The study also includes a full cost analysis and supply chain. Technological advancements will improve the product’s performance even more, allowing it to be utilized in additional downstream applications. Furthermore, understanding the Inspection Machines market requires a thorough understanding of consumer behaviour and market dynamics (drivers, restraints, and opportunities).
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Global Inspection Machines Market Vendor Analysis
The global inspection machines market is consolidated at the top, with a large number of leading market players based in developed countries. The prominent players in this market are Robert Bosch GmbH (Germany), Brevetti C.E.A SPA (Italy), Körber AG (Germany), METTLER TOLEDO International Inc. (US), Teledyne Technologies (US), OMRON Corporation (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Cognex Corporation (US), Jekson Vision Private Limited (India), Thermo Fisher Scientific (US), Antares Vision (Italy), OPTEL Group (Canada), and ACG Worldwide (India). However, in the last few years, a number of smaller players have emerged from niche markets and are competing with global players based on price and technological innovation. Due to the intense competition in the market, major market players are increasingly focusing on expanding their geographic presence into high-growth emerging markets and strengthening their technological competitiveness in the market by acquiring smaller players with desired technological capabilities or geographic presence.
Robert Bosch GmbH held the leading position in the inspection machines market. Bosch Packaging Technology, a wholly-owned subsidiary of Robert Bosch, provides inspection machines for the healthcare industry. The company offers a broad range of inspection machines. It has facilities in Germany, Austria, Denmark, France, the Netherlands, Russia, Switzerland, the UK, Brazil, China, India, Japan, Singapore, Thailand, Egypt, Nigeria, and South Africa. It focuses on product launches as its key business strategy.
Körber AG held the second position in the inspection machines market in 2019. The company’s wholly-owned subsidiary Körber Medipak Systems AG (Switzerland), is engaged in providing software, materials, machines, and technologies to the pharmaceutical and biotech industry. The company operates through three business segments—Inspection Machines, Inspection Applications, and Track & Trace solutions. The firm offers its machines at a global level through its strong distribution network.
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