Inspection machines are used for performing inspection of machinery which includes manual, mechanical, and computerized systems that inspect products, packages, or packaging components to ensure they conform to specifications. Depending on the product and industry, inspection encompasses color, size, mass, the presence of foreign bodies in a product or package, pack integrity, missing labels or items, or incorrect data on labels, products, or packaging. Thus, the inspection machines market is predicted to grow with a CAGR of 5.6% during the forecast period.
The presence of a strict regulatory system makes maintenance of medical equipment compulsory for the end-users. Patient care is a primary concern for any healthcare facility. Operating with biomedical devices that have not been regularly inspected and maintained may reduce the level of patient care provided by the facility. Inappropriately maintained equipment could malfunction and fail to provide proper medical assistance. For example, a respirator may not necessarily provide the amount of oxygen it was designed to provide. This could have a severe impact on a patient’s health. Poorly maintained instruments may also provide false information, resulting in inappropriate diagnosis and treatment.
The U.S. Centers for Medicare and Medicaid Services (CMS) regulations together with other mandates and guidelines, including accreditation requirements such as the Joint Commission [TJC], Healthcare Facilities Accreditation Program [HFAP], and Det Norske Veritas [DNV]), the state department of health rules and equipment recalls and alerts from the U.S. Food and Drug Administration (USFDA) and original equipment manufacturers (OEMs), impose compliance with a variety of requirements related to inspection machines by pharmaceutical and medical devices companies.
With the help of such regulatory bodies, the adoption of inspection machines by the healthcare industry is expected to rise, which would drive the growth of the inspection machines during the forecast time. Besides, ISO provides services for various brands of medical equipment, offering end-users with a single, unified management platform for reliable service delivery across all product classes, thus reducing maintenance costs. This has also helped in reducing operational and capital expenditures. Thus, leading to boost the market growth.
Automated inspection is characterized as the mechanization of one or more steps involved in the inspection procedure. Automated or semi-automated inspection can be applied in several complementary ways. In the current scenario, manual inspection is mainly substituted by automation as errors are reduced to a great extent. Automated inspection is performed using statistical sampling. Human inspectors can make errors whereas automated system operates with high accuracy.
With the increase in competition among companies to deliver high-quality products the complexity of inspection also increases. Whereas some inspection procedures are difficult for humans to perform, for instance, detecting defects in integrated circuit chips or printed circuit boards (PCB), avoiding situations where designers and manufacturers realize that the product is faulty at the last minute, while the boards are in full production, or already in the market.
Automated inspection assists companies to enhance overall product quality and grow their business while reducing manufacturing costs, helping them to become more competitive in this difficult business climate. Pharmaceutical companies depend on automated vision inspection (AVI) systems to help ensure product and patient safety as it comes first in pharma manufacturing processes.
The development of biotech products and anti-cancer treatment is rising rapidly, resulting in the requirement of highly advanced technologies to inspect the product at all levels. This is especially critical for parenteral products filled in vials, ampoules, syringes, and cartridges. Other liquid pharmaceuticals, as well as solid dosage forms such as tablets and capsules, also require a thorough inspection.
Thus, contributing to the growth of the inspection machines market.
Biomedical Equipment Management and Maintenance Program is an initiative by the Ministry of Health and Family Welfare (India) to support the state governments in outsourcing the maintenance of medical equipment for all facilities to improve the functionality and life of the equipment. This will aid in improving healthcare services and the quality of services in public health facilities at a reduced cost.
In August 2017, Montana State Hospital started a preventive maintenance plan to recover the life of buildings and facilities to certify the safety of hospital staff and patients. In addition, the University of Michigan Hospital offers equipment management programs to ensure the safety and consistent performance of medical equipment and the successful treatment of patients. Under this plan, every device type is assigned a preventive maintenance audit policy and scheduled to ensure that the equipment is properly inspected. Thus, contributing towards the growth of the market.
Based on product, the global inspection machines market is majorly segmented into pharmaceutical & biotechnology companies, medical device manufacturers, food processing & packaging companies, and others. The pharmaceutical & biotechnology companies segment dominates the market during the forecast period. Owing to increasing competition, stringent government regulations regarding product quality, the necessity to reduce manufacturing costs as the budget can be moved towards R&D, and the avoidance of loss of business revenue.
North America dominates the inspection machines market as the region is supported by the growing emphasis on inspection machines to maintain high-quality products, technological advancements for complicated inspection procedures, and an increased number of government-private partnerships. Moreover, favorable reimbursement policies are further encouraging healthcare providers to maintain the quality of medical equipment and healthcare infrastructure.
The U.S. is leading in pharmaceutical, and biotechnological companies, with a large number of installed medical equipment in diagnostic centers, hospitals, and other medical facilities, and a huge presence of original equipment manufacturers. Moreover, the U.S. medical device industry is well-established, diversified, and provides a wide range of diagnostic and treatment devices for patients. Medical equipment comes with certain service life and, in some situations, requires maintenance or replacement. In line with this, the number of medical inspection machine service providers is increasing in the region. Thus, contributing to the growth of the regional market.