A recent report published by Infinium Global Research on inspection machine market provides in-depth analysis of segments and sub-segments in the global as well as regional inspection machine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional inspection machine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global inspection machine market. According to the report, the global inspection machine market is projected to grow at a CAGR of 4.8% over the forecast period of 2019-2025.
The global inspection machine market is anticipated to experience healthy growth over the forecast period owing to the expanding focus over the quality of the products. The ability to detect and quantify types of defects in terms of packaging component, packaging, weight, and dimension have a positive impact on the global inspection machine market. Furthermore, strict rules and regulation compliances in the healthcare industry to maintain good manufacturing practices across the globe drives market growth. Moreover, the growing adoption of automated inspection systems in healthcare, manufacturing, and food and beverage industries and an increase in the number of product recalls are supporting factors escalating the growth of the global inspection machine market during the forecast period. However, the high cost of inspection machines and an increase in demand for refurbished system products are some factors affects the growth of the inspection machine market. Furthermore, technological advancement in the inspection system creates opportunities for the market in the coming years.
North America is dominating the inspection machine market throughout the forecast period. The growth of this region is attributed due to the presence of numerous pharmaceutical and medical devices companies. Additionally, the increasing adoption of automated inspection systems coupled with the current trend of industry 4.0 revolution is also driving the growth of the inspection machines market in North America. On the other hand, Asia-Pacific is experiencing the fastest-growing region in the inspection machine market over the forecast period. The Asia-Pacific inspection machine market is driven by the healthy growth of the pharmaceutical industries and the growing stringency of regulations. Additionally, countries such as China, India, Japan, and South Korea has a positive impact on the growth of the Asia-Pacific inspection machine market. Europe is accounted to hold the third position in the inspection machine market due to the huge demand for pharmaceutical packaging in the U.K. and Germany.
The report on global inspection machine market covers segments such as product, type, packaging, and end user. On the basis of product, the sub-markets include check weigher, metal detector, vision inspection, software, and other products. On the basis of type, the sub-markets include automatic, and manual. On the basis of packaging, the sub-markets include ampoules, vials, blisters, and bottle. On the basis of end user, the sub-markets include pharmaceutical industries, medical devices manufacturers, food & beverages, and other end users.
The report provides profiles of the companies in the market such as Thermo Fisher Scientific Inc., Jekson Vision Pvt Ltd., Cognex Corporation, Mitsubishi Chemical Holdings Corporation, Omron Corporation, Teledyne Technologies, Inc., Mettler Toledo, The Körber Group, Brevetti C.E.A, Robert Bosch GmbH, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of inspection machine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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