Pune, India -- (SBWIRE) -- 07/13/2018 -- Global Inspection Machines Market report objective is to describe market sizes of different segments and countries in recent years and to forecast to the coming seven years. Inspection Machines market report provides strategy and advance marketing, market-entry, market extension, and other business plans by identifying the key market opportunities and prospects.
Also, Inspection Machines market report analyzes competitive progress such as joint projects, planned alliances, mergers and acquirements, new product developments, and research and developments.
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Global Inspection Machines Market is expected to reach USD 397.1 million by 2024, at a CAGR of 6.0% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Inspection Machines Market, By Product (Vision Inspection Systems, Leak Detection Systems, Checkweighers, X-Ray Inspection Systems, Software), Type (Fully Automated Machines, Semi-Automated Machines, Manual Machines), Packaging (Ampoules and Vials, Blisters, Syringes, Bottles), End Users (Medical Device Manufacturers, Pharmaceutical & Biotechnology Companies, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis: Inspection Machines Market
Inspection machines market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of inspection machines market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors: Inspection Machines Market
- Robert Bosch GmbH,
- Omron Healthcare Inc.,
- Cognex Corporation,
- Mettler-Toledo International Inc.,
- Iris Inspection Machines,
- Mitsubishi Chemical Holdings Corporation,
- Korber AG,
- Teledyne Technologies Incorporated,
- Tofflon Science and Technology Co. Ltd,
- Thermo Fisher Scientific Inc.,
- Sartorius AG,
- Körber Medipak Systems AG,
- Brevetti C.E.A. SPA
- Proditec Automatic Inspection Machines
- Among others.
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Major Market Drivers and Restraints:
- Increase product recalls and various diseases
- Growing number of regulatory procedure
- Rise in number of inspections and its systems
Market Segmentation: Inspection Machines Market
- On the basis of product, inspection machines market is segmented into vision inspection systems, leak detection systems, check weighers, x-ray inspection systems and software. Due to the high adoption rate of camera-based vision inspection machines, vision inspection systems accounted the largest market share in 2016.
- On the basis of type, inspection machines market is segmented into fully automated machines, semi-automated machines and manual machines. Fully automated inspection machines segment accounted the largest market share in 2016 due to its use in pharmaceutical and biotechnology companies and its acuurate and fast nature of error detection.
- On the basis of packaging, inspection machines market is segmented into ampoules and vials, blisters, syringes and bottles. Ampoules and vials packaging segment accounted the largest market share in 2016 due to its wide use in pharmaceutical and biotechnology companies.
- On the basis of end users inspection machines market is segmented into medical device manufacturers, pharmaceutical & biotechnology companies and others.
- On the basis of geography, inspection machines market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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