Inspection Machines Market by Product (Vision Inspection, Leak Detection, X-ray Inspection, Checkweigher, Metal Detector, Software), Type (Manual, Automatic), Packaging Type (Vials, Syringes, Blister), End User (Pharma, Biotech) - Global Forecast to 2027

The global inspection machines market in terms of revenue was estimated to be worth $721 million in 2022 and is poised to reach $905 million by 2027, growing at a CAGR of 4.7% from 2022 to 2027.

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 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.

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Various types of used and refurbished inspection machines, including vision inspection machines, leak detection systems, metal detectors, and X-ray inspection machines, are available in the market at a lower price than new equipment.

The prominent players in this market are Robert Bosch GmbH (Germany), Körber AG (Germany), METTLER-TOLEDO International Inc. (US), ACG Group (India), Cognex Corporation (US), OMRON Corporation (Japan), Teledyne Technologies Incorporated (US), Brevetti CEA SpA (Italy).
As a result, several small and medium-sized pharmaceutical & biotechnology companies and medical device manufacturers are increasingly opting for used and refurbished inspection machines to overcome budget constraints. This trend is expected to affect the volume sales of new equipment and, in turn, affect the profit margins of companies manufacturing and offering new equipment in the market.

The major players operating in the inspection machines market are making significant investments in R&D activities to expand their product portfolio and strengthen their market share. The integration of pharmaceutical, food, and medical product systems, with inspection systems such as weighing machines, metal detectors, and X-ray inspection systems, are some of the technological developments in the inspection machines industry. Several combinations of checkweighers, metal detectors, and machine inspection systems with leak detection systems help improve the packaging of products and help avoid the recall of medical devices, food products, and pharmaceutical products throughout the supply chain.

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The study categorizes the Inspection Machines Market based on product, type, application, end user, and regional and global level.

By Product
• Vision Inspection Systems
• Leak Detection Systems
• X-ray Inspection Systems
• Combination Systems
• Checkweighers
• Metal Detectors
• Software
• Other Inspection Systems

By Type
• Fully automated Inspection Machines
• Semi-automated Inspection Machines
• Manual Inspection Machines

By packaging type
• Ampoules & Vials
• Syringes
• Blister Packaging
• Bottles
• Other Packaging Types

By End User
• Pharmaceutical & Biotechnology Companies
• Medical Device Manufacturers
• Food Processing & Packaging Companies
• Other End Users

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The vision inspection systems segment accounts for the largest share of the market, by product, in 2021
On the basis of product, the inspection machines market is divided into leak detection systems, X-ray inspection systems, combination systems, checkweighers, metal detectors, software, and other inspection systems. During the forecast period (2022-2027), the combination systems segment accounted for the highest growth in the market. Due to various advantages of combination systems over other inspections systems, the market growth in the segment is expected.
The fully automated machines segment is expected to grow at the highest CAGR during the forecast period (2022-2027).

On the basis of type, the inspection machines market is segmented into fully automated machines, semi-automated machines, and manual machines. The fully automated machines segment is expected to witness the highest growth during the forecast period. The growing demand for quality requirements as part of the zero-error strategy, increasing need to reduce particles and cosmetic defects, and technological advancements in this segment will continue to drive market growth.

North America is expected to account for the largest share of the inspection machines market.
In 2021, the largest share of the inspection machines market is accounted by North, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. Factors such as emerging markets, and various opportunities for several players present in the region are driving the market.

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This release was published on openPR.