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Inspection machines Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: June 2024 || SKU: MD3559
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Inspection Machines Market is segmented By Product (Vision Inspection, Checkweigher, Metal Detector, Software), By Type (Manual, Automatic), By Packaging Type (Vials, Syringes, Blisters), By End-User (Pharmaceutical, Medical Device), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Inspection Machines Market Overview

The Inspection Machines Market is estimated to grow at a CAGR of 5.2% during the forecast period 2024-2031

Inspection machines are a sequence of machines used to inspect the quality of the product in terms of packaging, packaging component, weight, leakage, and dimension to maintain consistency throughout the production line.

 

Inspection Machines Market Summary

Metrics

Details

Market CAGR

5.2%

Segments Covered

By Product, By Type, By Packaging Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Inspection Machines Market Dynamics

The rising technological advancements in inspection are expected to drive the growth of the market.

The rising technological advancements have increased inspection tasks, which are easily performed. For instance, earlier, metal detectors were limited to detecting ferrous metals. Still, nowadays, with the help of different techniques, it is possible to detect wood, glass, bone, and non-ferrous metals. The inspection systems have a wide application in the pharmaceutical industry to check the batch codes and check that every packaging component is precise for the product being packed. However, this million-dollar industry is anticipated to witness strong growth worldwide during the forecast period.

The rising number of inspection checkpoints and the growing adoption of automated inspection machines are expected to drive the growth of the market.

Despite the low frequency and the randomness of their occurrence, the desire to detect defects has resulted in the longstanding expectation that each finished is inspected (100% inspection). Although zero defects are the goal and should drive continuous process improvement, zero defects are not a feasible specification for visible particles given current packaging components, processing capabilities, and the probabilistic nature of the inspection process by manual and automatic machines. The detection process is abductive; the possibility of detection is a combined capacity of noticeable qualities such as particle quantity, size, shape, color, density, and reflectivity of the product. For instance, in Generic Thermal Camera, the inspection checkpoints for the product list is 36. Thus, the increasing number of inspection checkpoints has led to a rise in demand for automated machines.

Errors in visual inspection are expected to hamper the growth of the market.

According to the Association for Advancing Automation, in 2019, the errors take place in one of two forms. The first is the missing of an existing defect. The second is the incorrect identification of a defect. Misses lead to a loss in quality, while incorrect identifications result in unnecessary production costs and overall waste. These errors are often traced back to human vision alone, imprecision of eyesight, and labor cost. Therefore, the inspection machines market is hampered by these errors.

COVID-19 Impact on Inspection Machines Market Growth

The COVID-19 pandemic has caused several challenges in healthcare worldwide. It is estimated that the significant share of the medical devices industry which involves imaging devices, dental care devices, surgical products, and others, offers 60-75% of the overall medical devices market. It will have a stagnant or deep fall in the growth rate in 2020 and a couple of quarters from 2021. Moreover, there have been worldwide shut down and limited transportation due to this pandemic. Furthermore, the effect of the pandemic on the pharmaceutical industry has been positive, with constant progress in the manufacturing of nasal drug delivery technologies and an increasing focus on developing a vaccine.

Inspection Machines Market Segmenation Analysis

Based on type, the automatic segment is expected to hold the largest market share in this market segment.

The automatic segment held the largest market share in 2020. The segment is benefited due to the growing demand for quality requirements as part of the zero-error strategy, the increasing need to reduce particles and cosmetic defects, and technological advancements are expected to boost the expected to boost in the forecast period. Process Analytical Technology (PAT) has great potential in pharmaceutical manufacturing. By using in-line analytical techniques, it is possible to monitor the quality of all the material leaving a processing unit and create models capable of predicting product quality attributes, which are otherwise measured by cumbersome offline techniques. The swiftly developing machine vision has demonstrated its versatility in numerous applications, and it has great potential as an in-line analytical tool. Moreover, the ongoing conversion of the pharmaceutical industry from batch to continuous manufacturing accelerated the development of digital image analysis methods in the last decade.

The Vision Inspection Systems segment is expected to hold the largest market share during the forecast period

The vision inspection segment held the largest market share in 2020 and is expected to dominate over the forecast period. The segment benefits due to the high adoption of vision inspection systems in the pharmaceutical, biotechnology, medical device, cosmetic, and food industries compared to other systems due to their ease of use, easy adaptability, and high performance contribute to the market for consumables. In addition, these inspection systems also provide users with advanced capabilities such as incorporating smart cameras, high working capacity, flexibility of inspection, and compatibility with different types of software. Hence, the above statements have supported its uptake and boosted the market in the forecast period.

Inspection Machines Market Geographical Shares

North America region holds the largest market share in the global inspection machines market.

North America dominated the market with a revenue share of about YY% in 2020 and is expected to grow significantly over the forecast period. The growth of the region is benefited due to the increasing number of inspection checkpoints in the production line, and the presence of a large number of pharmaceutical and biotechnology companies & medical device manufacturers. For instance, according to the article published by the Quality Inspection (April 2021), in the 3-ply Surgical Mask, there were almost 31 checkpoints in the product line.

Moreover, stringent regulatory mandates for healthcare manufacturers, significant growth opportunities for players operating in the inspection machines market. There are many major global players in the U.S., owing to which the U.S. is a hub for innovation in the inspection machines market.

Inspection Machines Market Companies and Competitive Landscape

The inspection machines market is vast with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Brevetti C.E.A. Spa, Bosch Packaging Technology, Iris Inspection Machines, and CMP PHAR. MA S.R.L., A.H. Industries, Tofflon Science and Technology Co.Ltd, Proditec Automatic Inspection Machines, ANTARES VISION S.r.l., Brevetti C.E.A. SPA, Mettler-Toledo International Inc. and Körber Medipak Systems AG. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the inspection machines market globally.

Inspection Machines Market Key Companies to Watch

Bosch Packaging Technology GmbH:

Overview:

Bosch Packaging Technology GmbH, headquartered in Waiblingen (Germany), is a German multinational engineering and electronics company subsidiary.  They are in supply a wide range of machinery, systems, and services. 6,000 associates at more than 30 locations in over 15 countries provide industry-specific consulting, engineering expertise, and machinery services.

­Product Portfolio:

Bosch Packaging Technology GmbH has continuously set new standards for the continuous manufacturing of products such as Inspection Technology, Syntegon AIM 3000, AIM 8000 Series, and others.

CMP PHAR.MA S.R.L., A.H. Industries, Tofflon Science and Technology Co.Ltd, Proditec Automatic Inspection Machines, ANTARES VISION S.r.l

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FAQ’s

  • The Inspection Machines Market is estimated to grow at a CAGR of 5.2% during the forecast period 2024-2031

  • Brevetti C.E.A. Spa, Bosch Packaging Technology, Iris Inspection Machines, CMP PHAR.MA S.R.L., A.H. Industries, Tofflon Science and Technology Co.Ltd, Proditec Automatic Inspection Machines, ANTARES VISION S.r.l., Brevetti C.E.A. SPA, Mettler-Toledo International Inc. and Körber Medipak Systems AG.
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