Report has been added to MarketsandMarkets offering 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

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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 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.

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 driven mostly 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 fully automated machines segment accounted 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. Also, the benefits of reduced drug wastage increased product life span, and the easy self-administer of injectable drugs at home are expected to support market growth in this segment.

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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;

Premium Insights

·         The fully automated machines segment is expected to grow at the highest CAGR during the forecast period

·         US is a center for innovation in the inspection machines market

Market Dynamics

Drivers

·         Growing number of regulatory mandates to maintain compliance with GMP in the healthcare industry

Opportunity

·         Outsourcing of operations and the growing number of manufacturing facilities in emerging economies

Challenges

·         Complexities in integrating inspection machines

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Inspection Machines, by Product Type

7 Inspection Machines, by Application

8 Inspection Machines, by End-user

9 Inspection Machines, by region

10 Competitive Landscape

11 Company Profiles

12 Appendix

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