(PharmaNewsWire.Com, July 17, 2019 ) The growth of this market is majorly driven by factors such as the increasing number of regulatory mandates in the healthcare industry to maintain compliance with Good Manufacturing Practices, rising adoption of automated inspection systems in the pharmaceutical and biotechnology industries, growth in the number of product recalls, increasing number of inspection checkpoints throughout the production line, and technological advancements in inspection systems. However, the growing demand for used and refurbished inspection systems is expected to restrain the growth of this market to a certain extent during the forecast period.
Robert Bosch GmbH (Germany), Brevetti C.E.A SPA (Italy), Körber AG (Germany), METTLER TOLEDO International Inc. (US), Teledyne Technologies (US), Omron Corporation (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Cognex Corporation (US), Jekson Vision Private Limited (India), Thermo Fisher Scientific (US), Antares Vision (Italy), OPTEL Group (Canada), and ACG Worldwide (India) are the leading players operating in the global inspection machines market. These companies are focusing on increasing their presence in high-growth markets through organic and inorganic growth strategies such as capacity expansions, product launches & enhancements, agreements, partnerships, joint ventures, and mergers & acquisitions.
Robert Bosch GmbH (Germany) is the leading player in the global inspection machines market. The company’s leading position in this market is attributed to its wide geographic presence across North America, Europe, the Middle East & Africa, and the Asia Pacific. Bosch Packaging Technology, a wholly owned subsidiary of Robert Bosch, provides inspection machines for the healthcare industry. The company offers a broad range of inspection machines and has facilities in Germany, Austria, Denmark, France, the Netherlands, Russia, Switzerland, the UK, Brazil, China, India, Japan, Singapore, Thailand, Egypt, Nigeria, and South Africa. It focuses on product launches to widen its inspection machines product portfolio and strengthen its position in the market.
Korber AG (Germany) accounted for the second-largest share of the inspection machines market in 2018. The company’s wholly owned subsidiary, Korber Medipak Systems AG (Switzerland), is engaged in providing software, materials, machines, and technologies to the pharmaceutical and biotech industry. The company operates through three business segments—Inspection Machines, Inspection Applications, and Track & Trace Solutions—and offers its machines at a global level through its strong distribution network. Korber focuses on strategic acquisitions and expansions as its key strategy to improve its share in the market. For instance, in November 2017, Körber AG acquired Systec & Services GmbH (Germany) to strengthen its pharma systems business. However, the company could also focus on other strategies such as product launches, partnerships, and agreements to further strengthen its position in the market.
ACG Worldwide (India) accounted for the third-largest share of the inspection machines market in 2018. The company offers a comprehensive product portfolio of inspection machines. Under its flagship brand ‘QualiShield,’ the company offers end-to-end solutions, including fully automated inspection machines. To build brand loyalty and enhance its brand image, ACG largely focuses on supporting multiple country-specific inspection machines regulations. Currently, the company serves customers in 100 countries through its network of 15 global manufacturing facilities. It focuses on strategies such as expansions to strengthen its position in the inspection machines market. For instance, in January 2019, ACG Worldwide opened a state-of-the-art experience studio in Russia. This will help the company showcase a range of ACG inspection product lines and enhance its presence in the Russian and European markets for inspection machines.
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