Inspection Machines Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Inspection Machines Market Size accounted for USD 736 Million in 2021 and is estimated to achieve a market size of USD 1,179 Million by 2030 growing at a CAGR of 5.5% from 2022 to 2030. The rapid growths of the elderly society, the expanding pharmaceutical industry, the increasing occurrence of chronic and contagious illnesses, as well as different technical advancements around the world are driving the inspection machines market growth. Furthermore, the advent of new application areas in a wide range of industries opens up new potential for the many participants in the global inspection machines market trends.

Inspection Machines Market Report Key Highlights

• Global inspection machines market revenue intended to gain USD 1,179 Million by 2030 with a CAGR of 5.5% from 2022 to 2030
• North America is the leading region, with over 37% of the market in 2021, while Asia-Pacific is expected to grow rapidly from 2022 to 2030
• Among end-user, pharmaceutical & biotechnology segment accounted for more than 40% of total market share in 2021
• According to the Indian Economic Survey 2021, India's domestic pharmaceutical industry was worth US$ 42 billion in 2021 and is expected to grow to US$ 120-130 billion by 2030
• Cognex Corporation, General Inspection, Korber Medipak Systems AG, Thermo Fisher Scientific Inc., etc are some of the key players operating in the industry
• Growing adoption of automated devices are drives the inspection machines market value

Inspection machines refer to the automatic or manual systems that are used to inspect products, packages, or packaging in order to ensure the compliance of the inspected product. The inspection done by the machines is the critical appraisal of materials, items, or systems particularly by involving testing, examination, and gauging. The advance features provided but the major players in inspection machines include advanced inspection, smooth handling, high efficiency, maximum flexibility, and excellent design.

Global Inspection Machines Market Dynamics

Market Drivers

• Increasing R&D spending on pharmaceuticals and biotechnology
• Developments in the medical device business
• The significant rise in the geriatric population
• Increasing occurrence of chronic and infectious disease cases

Market Restraints

• High cost of inspection machines
• Lack of access in developing markets

Market Opportunities

• Technological advancements in new product development
• The increasing number of industrial plants in emerging economies

Inspection Machines Market Report Coverage

The growing number of regulatory mandates to maintain compliance with Good Manufacturing Practice (GMP) in the healthcare industry is driving market growth. The increasing R&D expenditure in the pharmaceutical & biotechnology sector is bolstering the market growth. The growing product recalls are boosting need for the inspection across the industry verticals. The increasing number of inspection checkpoints throughout the production line in order to meet with the regulatory specification is additionally bolstering the demand for inspection machines in the global market. The growing medical devices industry which requires the proper inspection of every product and packaging is further propelling the market value. Furthermore, technological advancements, outsourcing of operations, and the growing number of manufacturing facilities in emerging economies are projected to create potential opportunities over the forecast period from 2022 to 2030.

On the other side, the growing demand for refurbished equipment due to the high cost of inspection machines and lack of access in emerging and underdeveloped markets is hampering the growth in the global market.

Inspection Machines Market Segmentation

The worldwide inspection machines market segmentation is based on the product, type, application, end user, and geography.

Inspection Machines Market By Product

• Vision Inspection Systems
• Leak Detection Systems
• X-ray Inspection Systems
• Combination Systems
• Checkweighers
• Metal Detectors
• Software
• Other Inspection Systems

In terms of product, the vision inspection systems segment held the lion's share of the market in 2021. Due to their ease of use, versatility, and excellent performance, vision inspection systems have seen widespread acceptance in the biotechnology, cosmetic, pharmaceutical, medical device, and food industries, leading to the market for consumables.

Inspection Machines Market By Type

• Fully-automated Inspection Machines
• Semi-automated Inspection Machines
• Manual Inspection Machines

According to the inspection machines industry analysis, the fully automated machines segment is predicted to increase the most during the projection period. The increasing demand for quality attributes as a component of the zero-error goal, the rising need to minimize particles and cosmetic faults, and technological improvements in this area will all drive market growth in the coming years.

Inspection Machines Market By Application

• Ampoules & Vials
• Syringes
• Blister Packaging
• Bottles
• Other Packaging Types

In terms of application, the ampoules and vials segment held the greatest market share in 2021. This is due to the increasing use of biopharmaceutical, as well as vaccine delivery methods in the pharmaceutical industry, which results in the greater use of monitoring technologies.

Inspection Machines Market By End User

• Pharmaceutical & Biotechnology Companies
• Medical Device Manufacturers
• Food Processing & Packaging Companies
• Other

According to the inspection machines market forecast, the pharmaceutical & biotechnology industries segment is predicted to increase significantly in the global market over the projected period. Inspection machines are frequently utilized for quality control and quality standards in biotechnology and pharmaceutical companies, which is a major driver driving market growth. Additionally, an increasing number of biotechnology and pharmaceutical businesses are utilizing inspection machines as a result of factors such as increased compliance with GMP guidelines and a growing amount of investigation control points in processing and packaging lines, as well as strict government regulations, which drive the segment.

Inspection Machines Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa