Pharmaceutical Inspection Machines Market worth $1.4 billion by 2029
The report "Pharmaceutical Inspection Machines Market by Component ((Vision Inspection, X-Ray, Checkweigher, Metal Detector), Software), Type (Manual, Automatic), Packaging Type (Syringe, Blister, Bottle), Formulation (Parenteral, Oral) - Global Forecast to 2029", is projected to reach USD 1.4 billion by 2029 from USD 0.9 billion in 2024, at a CAGR of 7.6% during the forecast period of 2024 to 2029.
Browse 465 market data Tables and 51 Figures spread through 438 Pages and in-depth TOC on "Pharmaceutical Inspection Machines Market by Component ((Vision Inspection, X-Ray, Checkweigher, Metal Detector), Software), Type (Manual, Automatic), Packaging Type (Syringe, Blister, Bottle), Formulation (Parenteral, Oral) - Global Forecast to 2029"
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The global pharmaceutical inspection machines market is driven by several key factors such as increased use of inspection machines by pharmaceutical and biotech companies, and shift towards outsourcing manufacturing to emerging markets. Additionally, advances in IoT, machine learning, and artificial intelligence to improve inspection machine accuracy is further likely to increase demand for pharmaceutical inspection machine further fueling market growth.
Vision Inspection System Segment dominated the pharmaceutical inspection machines market in 2023.
Based on components, the pharmaceutical inspection machines market is segmented into inspection systems and software. The inspection systems is further segmented into vision inspection systems, X-ray inspection systems, leak detection systems, metal detectors, combination systems, checkweighers, and other inspection systems. The vision inspection system is further divided into multifunctional vision systems and specialized vision systems. The vision inspection systems accounted for the largest share of the inspection systems segment of the pharmaceutical inspection machines market in 2023. The leak detection system segment is anticipated to grow at significant CAGR during the forecast period of 2024-2029. The growth of vision inspection machine driven by the increasing demand for precise underfill and overfill inspection, accurate measurement of sealed product masses and through examination of final sealed packages including metal foils, blister packs and cartons.
Fully Automated Inspection Machines segment is likely to grow at the highest CAGR during the forecast period of 2024-2029.
Based on type, the pharmaceutical inspection machines segment is divided into fully automated inspection systems, semi-automated inspection systems, and manual systems. The Fully automated inspection systems accounted for a dominant share and expected to grow at faster pace during the forecast period. The dominant share is attributed to the instruments higher throughput rates, superior inspection precision and increased detection rates. Furthermore, the need to detect defects reliably in complex pharmaceutical products, ensuring patient safety and regulatory compliance is likely to spur the market growth.
The ampoules & vials segment is anticipated grow at highest CAGR during the forecast period.
Based on packaging type, the pharmaceutical inspection machines market is segmented into, syringes, blister, ampoules & vials, bottles, and other packaging types. In 2023, the ampoules & vials segment dominated pharmaceutical inspection machines market. Rising global demand for injectable drugs & vaccines, rising product recalls & safety concerns and the trend of outsourcing manufacturing to emerging market.
Asia Pacific region is likely to grow at highest CAGR during the forecast period.
Based on region, the pharmaceutical inspection machines market is segmented into North America, Asia Pacific, Europe, Latin America, the Middle East and Africa. In 2023, North America dominated the market, the dominance of region is attributed to continuous technological advancements, including automation, AI, & machine learning and rising healthcare demands. Additionally, growing emphasis on quality assurance and reducing defects and recalls. Asia Pacific region is anticipated to grow at highest CAGR owing to various factors such as growing investments in biotechnology and pharmaceutical research, and significant economic development in emerging markets such as China and India Furthermore favorable government policies and rising production of generic drugs are likely to impact positively on pharmaceutical inspection machines market in the region.
Key players in the pharmaceutical inspection machines market include Körber AG (Germany), Mettler-Toledo (Switzerland), Omron Corporation (Japan), Cognex corporation (US), Stevanato Group (Italy), Antares Vision S.P.A (Italy), Syntegon Technology GmbH (Germany), Optel Group (Canada), Jekson Vision (India), ACG (India), Brevetti CEA SPA (Italy), Roquette Frères (France), Tofflon (China), Proditec (France), Wipotec Gmbh (Germany), CMP Pharma S.R.L (Italy), Keyence Corporation (Japan), Cassel Messentechnik Gmbh (Germany), Thermo Fisher Scientific Inc (US), Loma Systems (UK), Vitronic Dr.-Ing. Stein Bildverarbeitungssysteme GmbH (Germany), Minebea Intec Gmbh (Germany), Marchesini Group S.p.A. (Italy), N.K.P pharma Pvt Ltd (India) and Span systems (India).
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