Report : Asia Pacific Inspection Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Vision Inspection Systems, X-ray Inspection Systems, Checkweigher, Metal Detector, Software, and Others), Type (Automatic and Manual), Packaging (Ampoules, Vials, Blisters, and Bottles), and End User (Pharmaceutical & Biotechnology Companies, Medical Device Manufacturers, and Food Processing & Packaging Companies)
Automatic Segment to dominate Asia Pacific Inspection Machine Market during 2021–2028
According to a new market research study on “Asia Pacific Inspection Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Packaging, Type and End User,” is expected to reach US$ 278.82 million by 2028 from US$ 185.36 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific inspection machine market along with the drivers and restraints pertaining to the market growth. Scaling technological advancements, raising R&D expenditure in pharmaceuticals and biotechnology industries, and consistent progress in regulations mandating GMP compliance in healthcare sector are the major factor driving the growth of the Asia Pacific inspection machine market. However, increasing demand of refurbished instruments hinder the growth of Asia Pacific inspection machine market.
Due to the COVID-19 pandemic the region is witnessing the supply chain disturbances and the tremendous demand for efficient treatments for the therapy of COVID-19 have put the healthcare research industry in a crucial situation. Prohibitive measures have been taken to control the spread of this pandemic. COVID-19 pandemic has broadly affected that economies in the Asia Pacific region. Countries such as India, China, Japan, and South Korea were adversely affected by the pandemic. The socioeconomics was severely affected, rising in negative inflation, GDPs, and a regional unemployment surge. Countries such as China, Japan, Singapore, and South Korea are seeing an increased interest in clinical trials. High costs in western countries are also contributing to the flow of medical affairs outsourcing to the Asia Pacific region. To expand sales to the Asian market, pharmaceutical companies are becoming aware of new and changing regulatory environments for drugs, devices, and in-vitro diagnostics. New or improved regulations are implemented frequently in Asia, including changes in GMP standards, drug price controls, and medical device regulatory systems. Third-party guidance and advice are required as part of any acquisition or any improvement of current standards. Increasingly, third-party outsourcing service providers are playing a more significant role in supporting the associated market in the Asia Pacific. However, the market has stabilized compared to the initial phases of the pandemic owing to the control procedures, awareness among people, availability of vaccinations, and supportive government policies of the business in the related market.
The Asia Pacific inspection machine market is segmented on the basis of product, packaging, type, end user, and country. Based on product, the market is segmented into vision inspection systems, x-ray inspection systems, checkweighers, metal detectors, software, and others. In 2021, vision inspection systems segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on type, the market is bifurcated into automatic and manual. In 2021, automatic segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Based on packaging, the market is segmented into ampoules, vials, blisters, and bottles. In 2021, ampoules segment held the largest share in the market, and it is also expected to be the fastest growing segment during the forecast period. Based on end user, the market is segmented into pharmaceutical & biotechnology companies, medical device manufacturers, and food processing & packaging companies. In 2021, pharmaceutical & biotechnology companies segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. Similarly Based on country the market is segmented into China, India, Japan, South Korea, Australia, and Rest of APAC. In 2021, China held the largest share in the market and it is also expected to be the fastest growing country during the forecast period.
OMRON Corporation; Thermo Fisher Scientific, Inc.; Cognex Corporation; Syntegon Technology GmbH; METTLER TOLEDO; Teledyne Technologies, Inc.; General Inspection LLC; BREVETTI CEA S.P.A; and Minebea Intec GmbH are among the leading companies in the Asia Pacific inspection machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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