Global inspection machines market 2016 – 2021

27 September 2016

According to a report by MarketsandMarkets (M&M), the global inspection machines market is expected to reach USD 396.4 Million by 2021. This market is estimated to be valued at USD 298.0 Million in 2016 and grow at a CAGR of 5.9% from 2016 to 2021. Market growth can be attributed to the growing number of regulatory mandates in the healthcare industry to comply with current Good Manufacturing Practices (cGMPs), increasing adoption of automated inspection systems and the increase in the number of product recalls and inspection checkpoints throughout the production line. The major restraint to the growth would be the sales of used and refurbished equipment (Press Release M&M, 15 August 2016).
Click here for the press release.
Click here for more information about the report.
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