Report : Middle East and Africa 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)
Pharmaceutical & Biotechnology Companies Segment to dominate Middle East & Africa Inspection Machine Market during 2021–2028
According to a new market research study on “Middle East & Africa 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$ 48.23 million by 2028 from US$ 37.80 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa inspection machine market along with the drivers and restraints pertaining to the market growth. Perks of high-tech inspection machines, elevating R&D expenditure in pharmaceuticals and biotechnology industries, and widening technological advancements are the major factor driving the growth of the Middle East & Africa inspection machine market. However, surging demand of refurbished instruments hinder the growth of Middle East & Africa inspection machine market.
As per the Worldometer, South Africa, the UAE, and Saudi Arabia are the worst affected countries in the Middle East & Africa Region. Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflicts and cannot implement robust public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region. The spread of coronavirus in the region caused heavy burdens on healthcare professionals. Cardiac surgeons were overloaded with emergency cardiac surgeries, management of coronavirus patients, and implementation of safety guidelines to prevent the spread of virus. Rapid spread to virus impacted to elective surgeries. These factors are projected to hamper the growth of Middle East & Africa inspection machine market.
The Middle East & Africa 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 the South Africa, Saudi Arabia, UAE, and Rest of MEA. In 2021, the South Africa 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 Middle East & Africa 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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