Inspection Machine Market

Global Inspection Machine Market Size (2023 to 2028)

The global inspection machine market is expected to grow at a CAGR of 5.65% during the forecast period. This value is estimated to be worth USD 947.2 million in 2023 and USD 1246 million by 2028.

The inspection machines refer to heavy-duty scanners with modern innovations to thoroughly examine the product. These devices are aided with a scanner to assist error-free check-ups based on their type and sector of use. These can be categorized as leak detection systems, X-ray inspection systems, vision inspection systems, and combination systems. The high-tech design requires machines to be operated by skilled engineers for various purposes, such as sorting syringes, blister packs, catheters, and pills at high-speed inspection. The solo device has integrated all functions like calculating multiple measures such as metal detection, oxygen pressure/moisture detection, and leak detection.

Impact of COVID-19 on the global inspection machine market:

The beginning of the year 2020 impacted many businesses around the Globe due to the rapid increase of Novel Coronavirus. Many Businesses were impacted, forcing organizations to shut down or temporarily go out of service. Almost all sectors relating to manufacturing and supply were affected, resulting in the decline. The impact of this airborne disease on the Inspection machine market was rather negative. The disruption in supply chains and transportation hindered the market's growth. On the other side, the ever-increasing demand for better inspection in a pharmaceutical companies has become a growing factor.

MARKET DRIVERS:

Growing need and adoption of inspection systems, high amount of spending on R&D and increasing investments in healthcare are majorly propelling the inspection machine market.

The innovations are triggering the manufacture of effective drugs while working on minimal side effects as our knowledge of the human body and anatomy improves. Healthcare facilities promote greater life expectancy as patients are scheduled on better dosages. As a result, demand for the supply of drugs sore even higher due to more significant manufacturing and price at an economical range. For the medicines that are supplied, inspection is strictly observed. The use of inspection machines comes into play, helping pharma industries to check and examine the drugs ensuring every drug is safe under appropriate dosages. To create safer demand supply chains for numerous medications, many biopharmaceutical companies, research institutes, and contract research organizations (CROs), along with contract development and manufacturing companies (CDMOs), are automating their laboratory processes, in addition to that reducing risk and increasing production.

Technological advancements are further anticipated to promote the inspection machine market growth.

The innovation and improvement in technology and the necessity for precise and effective product examination are driving many biopharmaceutical companies, medical device manufacturers, food processing & packaging companies, nutraceuticals, and cosmetic companies to enhance their productivity by applying Automated Inspection machines to their systems. Using Automation helps maintain overall product quality while lowering manufacturing costs, thus providing them an edge over their competitors and promoting overall cost-effectiveness and improvement in the end quality. In addition, these heavy-duty machines work 24/7 cut-off labor chargers, which provide economic benefits.

MARKET RESTRAINTS:

The fixed customs of inspection contribute to hindrances and are perceived as an obstacle to the growth of the inspection machine market. Therefore, the modules and instructions need to be designed in a suitable medium to provide further improvements. Although the inspection machines are enhanced with technological improvements, the single-time investment for a small-scale producer demands hefty machines to produce and pack the product. The different requirements of end users and their expectations might be a challenge.

This research report on the global inspection machine market has been segmented and sub-segmented into the following categories.

Global Inspection Machine Market - By Product:

• Vision Inspection Systems
• Metal Detectors
• Software
• Combination Systems
• X-Ray Inspection Systems
• Leak Detection Systems
• Check Weighers
• Other Inspection Systems

Based on the product, the visual inspection systems segment is anticipated to account for the largest share of the inspection machine market during the forecast period. These devices are cameras, mainly focusing on 'Detection and examination.' This system is used to locate quality defects to optimize the supply of standard products. In addition, visual inspection is routinely used for internal and external surface inspection of various equipment types, including storage tanks, pressure vessels, piping, and other equipment. These devices are non-complex to access and require low-key maintenance. As a result, the forecast expected the vision inspection systems to occupy more than 28% of the total market share among products.

On the other hand, the X-ray inspection systems segment is estimated to showcase a healthy CAGR during the forecast period. The X-ray inspection system is used to diagnose fractures, tumors, and other internal injuries, along with the industrial non-destructive inspection. These devices are limited to seeing through the topmost layers. The recent advancement of AI-aided X-ray interpretation, dual-energy imaging, tomosynthesis, computer-aided diagnosis, automatic image stitching, and digital mobile radiography contributes to these machines' wide range of usage.

Global Inspection Machine Market - By Type:

• Manual Inspection Machines
• Semi-Automated Machines
• Fully Automated Inspection Machines

Global Inspection Machine Market - By Application:

• Bottles
• Blister Packaging
• Syringes
• Ampoules & Vials
• Other Packaging Types

Global Inspection Machine Market - By End-User:

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

Based on the end-user, the pharmaceutical and biotechnology companies segment is anticipated to grow at a healthy CAGR and impact the market significantly. As a result, this segment is expected to have the highest CAGR, conquering over 45% of the share. In addition, the demand for drug manufacture and supply increases, and the necessity for drug regulation and processing develops, thereby increasing the interest of these segments to gain positions in the market.

Global Inspection Machine Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Geographically, North America accounted for the largest share of the global inspection machine market, followed by Europe and Asia Pacific. The North American region is expected to have the most significant share in the market during the forecast period due to the exponential growth of the country and its stronghold position owing to a more substantial number of pharmaceutical and biotechnology companies & medical device manufacturers in the region, an increasing number of inspection checkpoints in the production line, stringent regulatory mandates for healthcare manufacturers, and highly regulated inspection standards & obligatory compliance in the region as a developed country became a base for many significant market players, hence contributing to the growth.

KEY MARKET PLAYERS:

A few of the notable players in the global inspection machine market profiled in this report are Teledyne Technologies Incorporated, Brevetti CEA SpA, OMRON Corporation, Cognex Corporation, METTLER-TOLEDO International Inc, Korber AG, Robert Bosch GmbH, THERMO FISHER SCIENTIFIC INC, Syntegon Technology GmbH, Minebea Intec GmbH, Genral Inspection LLC.

RECENT MARKET DEVELOPMENTS:

• In June 2022, Antares vision group, a technological partner of excellence in digitalization and innovation for companies to guarantee quality products, recently won an award at the PHARM Connect Congress. they won the 7th central European pharmaceutical manufacturing excellence award. The award was presented to the company to recognize their innovative VRI - large volume blow-fill-seal automatic visual inspection and leak detection solution.