(PharmaNewsWire.Com, June 06, 2019 ) The increasing expenditure in medical manufacturing to ensure compliance with Good Manufacturing Practices and the rising penetration of automation are some of the major factors that are expected to drive the growth of this market during the forecast period.
The introduction and implementation of numerous regulatory mandates in the healthcare sector and the adoption of new technologies in line with the increasing number of inspection checkpoints throughout the entire production cycle within the pharmaceutical and biotechnology sectors are also expected to support market growth in the coming years.
Vision inspection systems segment to account for the largest share of the inspection machines market, by product
The vision inspection systems segment is expected to account for the largest share of the inspection machines market, by product, in 2019. The high demand for inspecting components for size, shape, color, or reading in pharmaceutical, nutraceutical, chemical, medical device, and food & beverage industries is one of the major factors driving the growth of this segment.
Food processing & packaging companies to form the fastest-growing end-user segment in the inspection machines market
Among all end-user segments, the demand for inspection machines is estimated to grow at the highest rate among food processing & packaging companies. This can majorly be attributed to the growing demand for processed foods, increasing consumer awareness regarding food safety, and the growing demand for minimizing human errors in food processing and packaging.
North America is estimated to be the largest regional market for inspection machines
North America is estimated to account for the largest share of the inspection machines market in 2019, closely followed by Europe. Factors such as the strong presence of numerous pharmaceutical & medical device manufacturers and the presence of stringent regulatory frameworks for these manufacturers (including an increase in the number of inspection checkpoints in the production line) and highly monitored inspection standards are driving the growth of the inspection machines market in North America.
The prominent players operating in the inspection machines market are Robert Bosch GmbH (Germany), METTLER TOLEDO International Inc. (US), Brevetti C.E.A SPA (Italy), Jekson Vision Private Limited (India), Körber AG (Germany), Teledyne Technologies (US), Mitsubishi Chemical Holdings Corporation (Japan), Omron Corporation (Japan), Cognex Corporation (US), Thermo Fisher Scientific (US), Antares Vision (Italy), OPTEL Group (Canada), and ACG Worldwide (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
