Report : Europe 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)
Ampoules Systems Segment to dominate Europe Inspection Machine Market during 2021–2028
According to a new market research study on “Europe 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$ 327.07 million by 2028 from US$ 234.80 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the Europe inspection machine market along with the drivers and restraints pertaining to the market growth. Regular progress in regulations mandating GMP compliance in healthcare sector, merits of high-tech inspection machines, and boosting R&D expenditure in pharmaceuticals and biotechnology industries are the major factor driving the growth of the Europe inspection machine market. However, fostering demand of refurbished instruments hinder the growth of Europe inspection machine market.
Countries in the European regions were profoundly affected due to the COVID-19 pandemic. For instance, countries such as Italy, Spain, and France have reported the highest number of positive cases and have registered the maximum number of deaths. The COVID–19 pandemic has shown a significant negative impact on the global and European health economies. Health services in the European region are highly prioritized to serve patients affected by COVID-19. The routine health care services have resumed, and the patients are taking up their required treatments and surgeries. The medical device, pharmaceutical, and other manufactures in the region have ramped up their business processes to produce more products. For instance, the COVID19 vaccine and related medication manufacturers based in Europe can produce large-scale production of drugs for the treatment of COVID19. As a result of large-scale manufacture of pharmaceuticals, the company’s manufacturing inspection system has also seen a spike in demand of these system to ensure minimal error and less product recalls. For instance, Engilico offers a seal inspection system for package verification, which is specifically compatible with COVID-19 test supplies. Engilico is also assisting in the fight against the worldwide COVID-19 pandemic by providing a 100 percent seal inspection to validate the packages with COVID-19 test supplies. Considering the situation, European Federation of Pharmaceutical Industries and Associations (EFPIA) has launched alternative GMP/GDP inspection practices for the pandemic situation. Therefore, the market for inspection machine market is impacted and is expected to grow at a slower rate in the following two to three years.
The Europe 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 Germany, the UK, France, Italy, Spain, and Rest of Europe. In 2021, Germany 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; Körber AG.; and Minebea Intec GmbH are among the leading companies in the Europe 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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