The global Inspection Machines Market was valued at USD 300.65 million in 2016 and is projected to reach USD 493.89 million by 2025, growing at a CAGR of 5.67% from 2017 to 2025.
With increasing manufacturing defects and consumer complaints, the Govt. and private sector have become more stringent causing the industries to be very careful and use reliable systems for product inspection. The market is thus expanding all over the globe.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Increasing stringency towards maintenance of GMP
1.2 Growing usage of automated inspection systems by key market players in pharma and biotech industries
1.3 Growing consumer dissatisfaction resulting in product failures and recalling
1.4 Increment in checkpoints in manufacturing
2. Market Restraints
2.1 Demand of refurbished instruments
1. Global Inspection Machines Market, by Type:
1.1 Fully Automated Machines
1.2 Semi-Automated Machines
1.3 Manual Machines
2. Global Inspection Machines Market, by Product:
2.1 Vision Inspection Systems
2.2 Leak Detection Systems
2.3 X-Ray Inspection Systems
2.5 Metal Detectors
2.7 Other Inspection Systems
3. Global Inspection Machines Market, by End User:
3.1 Pharmaceutical & Biotechnology Companies
3.2 Medical Device Manufacturers
3.3 Other End Users
4. Global Inspection Machines Market, by Packaging:
4.1 Ampoules and Vials
4.5 Other Packaging Types
5. Global Inspection Machines Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Robert Bosch GmbH
2. Brevetti C.E.A. SPA
3. Korber AG
4. Cognex Corporation
5. Mettler-Toledo International Inc.
6. Teledyne Technologies Incorporated
7. Omron Corporation
8. Mitsubishi Chemical Holdings Corporation
9. Sartorius AG
10. Thermo Fisher Scientific Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Inspection Machines Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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