Increasing demand for medical devices to fuel assembly machine market size

Assembly machine market size has been predicted to experience a lucrative expansion over the years owing to the gradual implementation of automation in manufacturing processes to improve productivity and increase efficiency. These machines increase production output, ensure quality standard compliance while reducing labor costs and cycle time.

Production capacity for several end-user industries such as electronics, automotive, cosmetics, and pharmaceuticals have escalated through the deployment of automated machinery. The move also increases their revenue and enhances the production of quality goods.

With rapidly advancing technology fueling the global industrial automation, complex manufacturing processes are now carried out quickly resulting in higher number of products. Listed below are some factors expected to impact global assembly machine industry outlook over the coming years:

• Extensive use of disposable devices in healthcare

With the healthcare industry continually looking to reduce costs and improve efficiency, automation in manufacturing has become a vital part making various kinds of disposable medical products. Manufacturers and healthcare companies are implementing these technologies in large number to improve the production processes as well as comply with international hygiene standards.

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It is a well-known fact that for healthcare sector, disposable devices are the important components of all dental, medical, and veterinary practices. Usage of disposables escalates efficiency, reduces costs, and lessens the spread of infections. Rising focus on patient safety and product enhancement from the healthcare sector will positively stimulate assembly machine market forecast.

In addition, growing use of machines in healthcare products manufacturing helps in inspecting, processing, testing, and packaging without any defects.

• Rapid industrialization across the Asia Pacific region

Asia Pacific has witnessed considerable growth in industrial operations due to low labor & manufacturing costs along with good infrastructure, which encourages massive investments from manufacturers. Reports suggest that APAC assembly machine market size had accounted for around 40% of the global industry share in 2018.

The enormous growth across the country allows manufacturers and companies to expand their businesses while lessening costs and enhance performance.

In 2017, the Singapore government had introduced the smart industry readiness index (SIRI) to educate companies about the Industry 4.0 transformation. Likewise, other emerging economies such as Indonesia and Thailand had introduced their Industry 4.0 initiatives to enhance the quality of manufacturing industries.

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• Adoption of automatic assembly equipment

In this era of cutthroat competition, every business sector aims to offer high quality and reliable products at competitive price. Manufacturers and market players across the globe are consistently focusing on reducing their administration costs and increasing the profitability of the business.

Manufacturers in the healthcare industry have to follow stringent norms for producing medical devices so, on account of patient safety, U.S. FDA has directed the industry to ensure the adoption of top notch standard products. Such ongoing marketing trends will fulfill the growing need for efficiency and quality in manufacturing process and complement assembly machine market share.

Integrating automatic processes in production helps in minimizing cycle times and efforts as well as reduces the need for human labor. Owing to their excellent functions, these machines are being steadily adopted for making healthcare systems or medical device assembly. Global Market Insights, Inc. estimates that global assembly machine market size will reach USD 9 billion by 2025