Inspection Machines Market Trends:
The Inspection machines market is projected to reach USD 871 million by 2025 from USD 671 million in 2020, at a CAGR of 5.4% during the forecast period. The growing concerns to the regulatory mandates introduced by the government and regulatory bodies in the healthcare industry to maintain compliance with Good Manufacturing Practices (GMP), 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.
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Key Market Players of Inspection Machines Market:
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)
Robert Bosch GmbH held the leading position in the inspection machines market. 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. It has facilities in Germany, Austria, Denmark, France, the Netherlands, Russia, Switzerland, the UK, Brazil, China, India, Japan, Singapore, Thailand, Egypt, Nigeria, and South Africa.
COVID-19 Impact on Global Inspection Machines Market
Since the beginning of 2020, the majority of the countries worldwide shut down their borders and limited transportation in a bid to contain the coronavirus (COVID-19) outbreak, thus, creating impediments for international trade and transportation. This had disrupted the supply chains for the inspection machines market, temporarily leading to a fall in demand due to uncertainty in the global economy and capital markets.
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Opportunity: Outsourcing of operations and the growing number of manufacturing facilities in emerging economies
During the last decade, businesses in developed markets, such as the US and Europe, have increasingly outsourced their manufacturing and packaging operations to China, South Korea, Taiwan, and India to leverage the lower labor costs and less-stringent government regulations in these countries. Contract manufacturers have specialized teams that help understand customer expectations of quality and thus are a significant OEM asset. The importance of CROs and CMOs in manufacturing and packaging has also risen due to the potential for tightening time-frames while providing external validation and expertise.
- Antares partnered with IMA; a company engaged in the design & production of machines for process automation and packaging of pharmaceutical & cosmetic products.
- METTLER-TOLEDO International Inc. launched their Tablet-Pro metal detection systems.
- Cognex Corporation launched the DSMax32T laser displacement 3D system.
- ACG Inspection opened a new Centre of Excellence in Switzerland.
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