The market is primarily driven by the growing number of product recalls, increased adoption of automation in inspection, and the increase in the number of regulatory mandates to comply with current Good Manufacturing Practices (cGMPs). However, the sales of used and refurbished equipment pose a major challenge to the adoption of new products.
The global market is further divided into four major regions North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The Asia-Pacific region, on the other hand, represents the fastest-growing market for the market. The high growth rate in this market is primarily attributed to the growing number of pharmaceutical & biotechnology manufacturers and increased number of regulatory mandates to comply with cGMPs in these emerging markets.
This research report discusses the key market drivers, restraints, challenges, and opportunities in the global inspection machines market and its submarkets. The leading players in the global market include Robert Bosch GmbH (Germany), Cognex Corporation (U.S.), Omron Corporation (Japan), Mettler-Toledo International Inc. (U.S.), Teledyne Technologies Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), Sartorius AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Brevetti C.E.A. SPA (Italy), and Körber Medipak Systems AG (Switzerland).
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