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The veterinary artificial insemination (AI) Market is estimated to grow by USD 1.03 billion at a CAGR of 5.8% between 2023 and 2027. The growth of the market depends on several factors, including livestock multiplication being a key parameter to boost yields, reduced risk of disease transmission due to artificial insemination, and increasing cases of STDs in animals.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for livestock multiplication is notably driving the market growth, although factors such as growing demand for animal proteins, crop production, etc., have boosted the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Market Driver
A rapid increase in the requirement for livestock to boost yields of different crops is notably driving market growth. Artificial insemination helps in a safe reproduction process, leading to fewer STDs. This increases the lifespan of the livestock and causes less investment in the treatment or acquisition of new livestock by the farmers. Diseases such as trichomoniasis and vibriosis in cattle can lead to significant production losses, so livestock must be protected from infection. Artificial insemination is effective in reducing the spread of infectious diseases in livestock and improving genetic and animal crossbreeding efficiency. Along with this, it also helps in storing semen and using it multiple times, irrespective of the location.
The process of artificial insemination has several advantages over natural breeding, including better genetics, disease control, and more efficient reproduction. As demand for animal products such as milk, meat, and eggs increases, farmers and producers are looking for ways to improve the quality and quantity of their livestock. In the dairy industry, artificial insemination is widely used to improve cow genetics and increase milk production. By using semen from high-quality bulls with desirable traits, farmers can produce offspring with better milk yield, disease resistance, and other desirable traits. Similarly, artificial insemination has been used in the meat industry to increase the growth rate and meat yield of livestock such as pigs and cattle. By using semen from high-quality sires with desirable traits, farmers can produce offspring with better beef quality and yield.
Market Trend
Different government initiatives aim to boost the growth of the global market. Governments of different countries focus on introducing different initiatives whose primary aim is boosting the market. Along with this, the need for animal protein, the requirement to improve the genetics of the livestock, and curbing the risk of spreading different animal diseases have also prompted the government to introduce such initiatives.
Advances in bovine genetics have played a key role in driving the growth of the global veterinary-assisted reproductive insemination market. Taking advantage of advances in genetic research, artificial insemination has become an increasingly effective tool for improving livestock productivity and quality. A key area of progress is the application of genomic selection, which analyzes animal DNA to identify specific traits associated with productivity and health. This information can be used to select the best animals for breeding, to improve herd genetics over time. Overall, advances in bovine genetics have been key drivers for the growth of the global market, with farmers using advanced breeding techniques to improve the productivity and quality of their livestock during the forecast period.
Market Challenge
Higher investment in artificial insemination processes and equipment is a major challenge impeding market growth. This process needs special techniques and equipment, which is quite expensive, along with skilled manpower is required to run the equipment and conduct the process. The global shortage of experienced Veterinarian professionals is also another challenge faced by the market. The requirement of a professional vet is key in conducting artificial insemination.
Infectious diseases that provoke an immune response pose a major challenge to the global veterinary-assisted reproductive insemination market. When stallions are used for sperm collection, they are routinely tested for antibodies in their blood, as these antibodies may indicate past infections. Some infections can remain in the semen for several weeks and trigger an immune response. For example, an infection that can provoke an immune response is equine viral arteritis (EVA), which is caused by a virus that can be transmitted through respiratory secretions and semen. EVA can cause infertility, abortion, and respiratory disease in horses. Semen from infected stallions can also trigger an immune response in mares that have never been exposed to the virus, resulting in reduced conception rates. To address this challenge, it is important to screen animals for infection before using animal sperm for artificial insemination and take appropriate measures to prevent transmission of infection. Infection due to the high utilization of veterinary artificial insemination may trigger an immune response that hinders the growth of the global market during the forecast period.
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agtech- The company focuses on providing superior artificial insemination, embryo transfer, and ovum pickup products, along with these, it also provides different veterinary artificial insemination products such as Agtech Rapid Flow Y Tubing and Agtech Zona Filters.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the animal husbandry segment will be significant during the forecast period. Practicing disease control, feeding, breeding, and reproduction management ensures well well-being of the animals and boosts the productivity of the farm. This proves to be the key factor in the increasing growth of the global veterinary AI market.
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The animal husbandry segment was valued at USD 2,346.43 million in 2017 and continued to grow by 2021. This segment focuses on maintaining proper health and nutrition and providing a stress-free environment, which is important in keeping up with the rising demand for livestock and boosting the healthy artificial insemination process.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US being the prime contributor in the market shares the largest revenue contribution in it. Sustainable livestock management practices is on the rise in North America, which leads to increasing demand for artificial insemination solutions.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market offers a range of AI procedures and products, including equipment, reagents, kits, and other types, serving the livestock and poultry value chains. This market plays a critical role in ensuring the quality of animal-sourced food, particularly amidst challenges like African Swine Fever (ASF) and other livestock diseases. The Animal Husbandry Department of India and organizations like the Food and Agriculture Organization of the United Nations are pivotal in providing telephonic assistance and AI services, aiding in genetic selection and reproductive management programs.
End users such as veterinary hospitals and clinics rely on AI services for superior breed management, using techniques like estrus synchronization and fertility testing. Market participants like Cogent and AB Europe provide AI services for various animal types, including bovine and swine segments. The market's geographic scope spans North America, Europe, Asia Pacific, Middle East and Africa, and South America, with public and private sector organizations, academic institutions, and international bodies contributing to its growth.
Veterinary Artificial Insemination Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2023-2027 |
USD 1,035.02 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.7 |
Regional analysis |
North America, Asia, Europe, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, Germany, China, and India |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agtech Inc., Bovine Elite LLC, Cooperatie Koninklijke CRV u.a., Covetrus Inc., Genus Plc, Hamilton Thorne Ltd., IMV Technologies Group, Inguran LLC, Jorgensen Laboratories LLC, Mai Animal Health, Merck and Co. Inc., Neogen Corp., PBS Animal Health and Horse Health USA, Santa Cruz Biotechnology Inc., Select Sires Inc., Swine Genetics International, URUS Group LP, VikingGenetics F.M.B.A, Zhengzhou Zhimuren Machinery Equipment Co., and Zoetis Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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