The pharmaceutical inspection machines market 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.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD)
Segments
By Component, Type, Packaging Type, Formulation and End User
Regions covered
North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa
"The Vision Inspection System segment holds dominant share in the pharmaceutical inspection machines market."
Based on the component, the pharmaceutical inspection machines market is divided 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 systems dominated the segment owing to various factors such as increasing demand for high-speed and accurate defect detection in pharmaceutical manufacturing and launch of technologically advanced vision inspection systems with AI & machine learning.
"Syringes pharmaceutical inspection machines market is likely to grow at faster pace."
Based on the packaging type, the pharmaceutical inspection machines market is divided into syringes, blister, ampoules & vials, bottles, and other packaging types. Syringe segment in the pharmaceutical inspection machines market grows at a faster pace in 2023. The significant growth of syringe segment in the packaging type segment is due to increasing adoption of inspection machinery for assessing pre-filled syringes, focus on ensuring product integrity and minimizing risks associated with contamination or defects, and advancements in inspection technology, such as enhanced capabilities in detecting minute abnormalities or ensuring proper labeling.
"The fully automated inspection machines dominated the type segments."
Based on type, the pharmaceutical inspection machines market is segmented into, semi-automated inspection systems, manual systems, and fully automated inspection systems. The fully automated inspection systems dominated the type segment however semi-automated inspection systems is anticipated to grow at significant CAGR during the forecast period. Factors like increased detection rates, enhanced throughput rates and precise inspection capabilities for the fully automated systems are likely to drive the segmental growth.
"CROs & CDMOs segment is likely to grow at significant CAGR during the forecast period"
Based on end user, the pharmaceutical inspection machines market is segmented into, pharmaceutical companies, biotechnology companies and CROs & CDMOs. The pharmaceutical company segment dominated the pharmaceutical inspection machines market. CROs & CDMOs segment is anticipated to grow at significant CAGR during the forecast period owing to increased outsourcing of pharmaceutical productions and rise in number of CDMOs across the emerging markets.
"Asia Pacific region estimated to show fastest growth rate."
Geographically, the pharmaceutical inspection machines market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. In 2023, North America accounted for the major share of the pharmaceutical inspection machines market. The Asia Pacific region is likely to grow at significant CAGR during the forecast period owing to various factors such as rising production of generic drugs and the rapid expansion of pharmaceutical and biotechnology sectors in the region. Furthermore, rise in outsourcing trends, and increased focus on quality control is likely drive market expansion in the region.
The primary interviews conducted for this report can be categorized as follows:
By Respondent: Supply Side- 70%, and Demand Side - 30%
This report provides a detailed picture of the pharmaceutical inspection machines market. It aims at estimating the size and future growth potential of the market across different segments such as components, type, packaging type, formulation, end user, and region. The report also includes an in-depth competitive analysis of the key market players along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key Drivers (Increasing use of pharmaceutical inspection machines by pharmaceutical and biotechnology companies, Increasing number of inspection checkpoint mandates, Increasing product recall), restraints (High Initial Investment, Data Security and Privacy Concerns) opportunities (Rising outsourcing of manufacturing operations to emerging economies, Advancement in technologies such as IoT, machine learning, and artificial intelligence), and challenges (Complexities in integrating pharmaceutical inspection machines) influencing the growth of the market.
Product Development/Innovation: Detailed insights on newly launched products and technological assessment of the pharmaceutical inspection machines market.
Market Development: Comprehensive information about lucrative markets the report analyses the market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the pharmaceutical inspection machines market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products offerings of leading players like Korber 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 Freres (France), Tofflon Life Science (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).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 SEGMENTS COVERED
1.4.2 REGIONS COVERED
1.4.3 YEARS CONSIDERED
1.4.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.6.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Objectives of secondary research
2.1.2 PRIMARY DATA
2.1.2.1 Objectives of primary research
2.1.2.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 INSIGHTS FROM PRIMARY EXPERTS
2.2.2 SEGMENTAL MARKET SIZE ESTIMATION
2.3 GROWTH RATE ASSUMPTIONS
2.4 STUDY ASSUMPTIONS
2.5 MARKET BREAKDOWN & DATA TRIANGULATION
2.6 RISK ANALYSIS
2.7 RESEARCH LIMITATIONS
2.8 IMPACT OF ECONOMIC RECESSION ON PHARMACEUTICAL INSPECTION MACHINES MARKET