(PharmaNewsWire.Com, January 22, 2018 ) According to Publisher, the Global Inspection Machines market is expected to grow from $308.49 million in 2016 to reach $482.68 million by 2023 with a CAGR of 6.6%. Growing product recalls and increasing regulatory standards to insist current good manufacturing practices are the key factors fuelling the market growth. In addition, increasing safety and inspection checkpoints in the process of manufacturing a product, rising adoption of automated inspection systems are some of the key factors propelling the market growth. However, hurdles in assembling inspection machines in industries, demand for refurbished equipments are hindering the market growth.
Depending on product, vision inspection systems segment is used in much number of industries in which quality control is necessary. In addition, the information captured by the vision system can recognize inconvenience with the manufacturing line or other function that are examining in an effort to develop efficiency, stop inefficient or ineffective processes, and recognize unacceptable products. The vision inspection systems segment dominated the global market during the forecast period. The growth is attributed to increasing demand from end users, mainly from medical device manufactures and pharmaceutical & biotechnology companies.
In terms of geography, North America is anticipated to hold the largest market share due to rising number of pharmaceutical and biotechnology industries. Moreover, Asia Pacific region is expected to witness fastest growth due to highly established pharmacy & bio tech companies' presence in India and China.
Some of the key players in this global market include Thermo Fisher Scientific Inc., Omron Corporation, Brevetti C.E.A. SPA, Teledyne Technologies Incorporated, Sartorius AG, Mitsubishi Chemical Holdings Corporation, Mettler-Toledo International Inc., Cognex Corporation, Robert Bosch GmbH, Korber AG, Iris Inspection Machines, A.H. Industries, Tofflon Science and Technology Co.Ltd and Proditec Automatic Inspection Machines.
Products Covered: -Metal Detectors -Leak Detection Systems -Checkweighers -X-ray Inspection Systems -Vision Inspection Systems -Software -Other Inspection Systems (Pressure and Moisture Inspection Systems)
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -UK -Italy -France -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific -South America -Argentina -Brazil -Chile -Rest of South America -Middle East & Africa -Saudi Arabia -UAE -Qatar -South Africa -Rest of Middle East & Africa
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