According to Stratistics MRC, the Global Inspection Machines market is expected to grow from $289.38 million in 2015 treach $452.78 million by 2022 with a CAGR of 6.6%. Growing product recalls and increasing regulatory standards tinsist current Good Manufacturing Practices (cGMPs) are the key factors fueling the market growth. In addition, increasing safety and inspection checkpoints in the process of manufacturing a product, rising adoption of automated inspection systems are some of the key factors propelling the market growth. However, hurdles in assembling inspection machines in industries, demand for refurbished equipments are hindering the market growth.
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The vision inspection machines segment dominates the global inspection machines market. The growth is attributed tincreasing demand from end users, mainly from medical device manufactures and pharmaceutical & biotechnology companies. North America is anticipated thold the largest share in global market due tincreasing demand from U.S. Asia Pacific is expected twitness huge growth due thighly established pharmacy & bitech companies presence in India and China.
Some of the key players in global inspection machines market include Mitsubishi Chemical Holdings Corporation, Mettler-ToledInternational Inc., Korber AG, ThermFisher Scientific Inc., Cognex Corporation, Brevetti C.E.A. SPA, Teledyne Technologies Incorporated, Sartorius AG, Robert Bosch GmbH, and Omron Corporation.
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