The global inspection machines market is projected to grow at a strong CAGR of 5.1% from 2022 to 2032, with its value expected to rise from USD 643.1 million in 2022 to USD 1,053.5 million by 2032. The increasing number of inspection checkpoints throughout production lines is driving demand for these machines. However, integrating inspection equipment into manufacturing and packaging processes remains challenging due to machine complexity and stringent end-use environments. On the other hand, rising investments in biotech and pharmaceutical research and development are creating lucrative opportunities for market growth.
Several advancements, including new product launches and research initiatives, are fueling market trends. For instance, in 2021, OMRON Corporation introduced the VT-X750-V3, the fastest CT-type X-ray inspection device. Additionally, other industry players have launched OEM X-ray technologies for industrial and pre-clinical imaging systems. The development of non-destructive testing devices using carbon nanotube (CNT) based miniature X-ray tubes is expected to further boost the adoption of inspection machines, enabling small-scale internal inspections.
Key Takeaways
- Product recalls have been surging due to unearthed issues including such cases when it is defective or at risk of health or both. Furthermore, rising regulatory compliance with good manufacturing practices (GMP) is contributing to the presence of major governmental and non-governmental authorities that inspect the final products deployed in the market by manufacturers. These factors are expected to propel the demand for inspection machines.
- Within the pharmaceutical sector, several regulatory agencies such as the Food and Drug Administration (FDA), European Medicines Agency, and the Pharmaceuticals and Medical Devices Agency carefully monitor the compliance of manufacturers with Current Good Manufacturing Practice (CGMP) regulations to ensure the quality of drugs and medical devices. These regulations are important as they ensure product safety, and the claims of ingredients provided are verifiable.
- The prominence of CMOs and CROs has surged in manufacturing and packaging due to the possibility of reducing timeframes with simultaneously offering external validation and expertise. Since contract manufacturers have specialized teams that can efficiently grasp client quality standards are now known to be a valuable source for OEMs. These aforementioned factors are likely to accelerate the growth of the inspection machines market share.
- Developing markets have witnessed a surge within the unorganized healthcare systems. Due to this, the lack of adequate infrastructure and poverty limit the expansion of the industry. Additionally, there has been an increase in the demand for refurbished machines, although these machines are expensive. These factors are expected to hinder the global market growth.
Competitive Landscape
The inspection machines market share is predicted to increase as manufacturers are searching to expand their production and presence all over the market through several strategic tactics such as various collaborations and product launches. Furthermore, the industry is becoming highly competitive amongst market players in terms of product variation and pricing.
Key Segments Profiled in the Inspection Machines Market Survey
By Packaging Type:
- Blisters
- Ampoules
- Syringes
- Vials
By Machines:
- Colour Sorters
- Checkweighers
- Metal Detectors
By End User:
- Pharmaceuticals
- Medical Devices
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Report Preview: https://www.futuremarketinsights.com/reports/inspection-machines-market
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