Global $775 Mn Inspection Machine Markets, 2021-2026 - Opportunities in Outsourcing of Operations and the Growing Number of Manufacturing Facilities in Emerging Economies - ResearchAndMarkets.com
The Global Inspection Machine Market is estimated to be USD 565.75 Mn in 2021 and is expected to reach USD 775.85 Mn by 2026, growing at a CAGR of 6.52%.
The increasing adoption of automated inspection systems in the pharmaceutical and biotechnology industries, growth in the number of product recalls, an expanding number of inspection checkpoints throughout the production line, and technological advancements in inspection systems support the market's growth.
However, the growing demand for used and refurbished inspection systems is expected to restrain this market's growth to a certain extent. Also, the complexities of introducing inspection machines in a production line may hamper the market's growth to a certain extent.
Market Segmentation
By Product, the Global Inspection Machine Market is classified into Vision Inspection Systems, Leak Detection Systems, X-ray Inspection Systems, Combination Systems, Check Weighers, Metal Detectors and Software.
By Type, the Global Inspection Machine Market is classified into Fully Automated, Semi-Automated, and Manual Inspection Machines.
By Application, the Global Inspection Machine Market is classified into Bottles, Syringes, Blister Packaging, and Ampoules & Vials.
By End User, the Global Inspection Machine Market is classified into Medical Device Manufacturers, Food Processing, Packaging Companies and Pharmaceuticals & Biotechnology Companies.
By Geography, North America is expected to lead the market.
Recent Developments
Radiant Vision Systems, a leading provider of automated visual inspection solutions for light-emitting components, announced that its VIPT (Vision Inspection Pack) Software had been recognized among the best in machine vision by the judges of the Vision Systems Design 2021 Innovators Awards program.. - 21st May 2021
Zebra Technologies Introduces Intuitive, Flexible Industrial Machine Vision and Fixed Scanning Solutions that enable track and trace capabilities and quality inspection of manufacturing work in process.. - 18th May 2021
Market Influencers
Drivers
Growing Number of Regulatory Mandates to Maintain Compliance with GMP in Healthcare Industry
Increasing Adoption of Automated Inspection Systems in the Pharmaceutical Sector
Rapid Technological Advancements in Inspection Systems
Restraints
Lack of Access in Emerging Markets
Growing Demand for Used and Refurbished Inspection Systems
Opportunities
Outsourcing of Operations and the Growing Number of Manufacturing Facilities in Emerging Economies
Pitney Bowes , a global shipping and mailing company that provides technology, logistics, and financial services, is proud to announce a series of hands-on volunteer activities in celebration of the 20th anniversary of its partnership with Reading Is...
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Nextdoor Holdings, Inc. ("Nextdoor" or the "Company") and reminds investors of the April 29, 2024 deadline to seek the role of lead plaintiff in...
Elevation Gold Mining Corporation (the "Company" or "Elevation Gold") is pleased to announce financial results for three months and year ended December 31, 2023. All figures are expressed in US dollars unless otherwise noted....
National University (NU)?a veteran-founded nonprofit university serving over 50,000 nontraditional, working, and military students annually through its degree programs and one of the largest nonprofit Minority Serving Institutions (MSIs) in the...
Reunion Gold Corporation (the "Company") is pleased to announce that it has signed a Mineral Agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission. The Mineral Agreement provides the Company and its 100%-owned...
? Results from the Phase 3 SELECT-GCA study showed 46 percent of patients with giant cell arteritis (GCA) who were treated with upadacitinib (RINVOQ®; 15 mg) with a 26-week steroid taper regimen achieved sustained remission from week 12 through...