Global Inspection Machines (Pharmaceutical And Medical Devices) Market Outlook: 2017- 2022
Inspection has become a standard assessment of any manufacturing system. It is the means of rejecting nonconformities and assuring good quality products. The advent of technologically updated inspection equipment helped to overcome the problems associated with traditional approaches. Traditional approach used labour-intensive methods that resulted in the increase of manufacturing lead time and production cost. Moreover, there is a significant delay in detecting an out of control limit. Thus, the products that are not conforming to the specified standards accrue to the additional cost of scrap and rework. In present scenario, manual inspection is largely replaced by automated and semi-automated inspection as errors are reduced to great extent by automation of the process.
The global inspection machines market will increase at a CAGR of 5.7% from 2017 to 2022 to USD 846.4 million by 2022, driven by rapid growth of aging population, growing pharmaceutical market, rapid rise in chronic and infectious disease cases, and various technological advancements across the globe. In addition, emergence of new application areas further provides significant opportunities for the various stakeholders in the global inspection machines market. However, high cost of inspection machines and increased demand of refurbished machines hinder the growth of the market to some extent.
This study analyses the global inspection machines market. It presents market size for 2015, 2016, and 2017, with a forecast till 2022 by technology (Automatic and Semi-automatic), component (Pharma/Biopharma Products, Packaging, and Medical Devices), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The study also considers demographic factors, details industry structure, analyses market dynamics, evaluates market share of various companies, and profiles key industry players.
The major companies have implemented various strategies to expand their product and services offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global inspection machines market were new products developments, agreements and collaborations, and expansions. Some of the leading players in the global inspection machines market are ACG Worldwide, Brevetti C.E.A. Spa, NKP Pharma, Antares Vision S.r.l., Stevanato Group, Bausch + Ströbel, Robert Bosch GmbH, Jeckson Vision, Körber AG (Seidenader Maschinenbau GmbH, Medipak Systems), Optel Group, Sainty International Group, and Daiichi Jitsugyo Viswill Co., Ltd.
Key questions answered in the report-
Which are the high growth market segments in terms of technology, component, regions and countries?
What is the historical market for inspection machines market across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restrains, threats, and opportunities in the global inspection machines market?
What are the burning issues of the global inspection machines market?
Who are the major players in the global inspection machines market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global inspection machines market?
What are the recent developments in the global inspection machines market?
What are the different strategies adopted by the major players in the global inspection machines market?
What are the geographical trends and high growth regions/ countries?
What are the local emerging players in the global inspection machines market and how do they compete with the global players?"