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Classified in: Health, Science and technology
Subject: MRR
VETERINARY ARTIFICIAL INSEMINATION MARKET TO GROW BY USD 962.3 MILLION FROM
2024-2028, AS LIVESTOCK MULTIPLICATION DRIVES DEMAND WITH AI IMPACT ON MARKET
TRENDS - TECHNAVIO
NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Report on how AI is redefining market
landscape - The global veterinary artificial insemination market size is
estimated to grow by USD 962.3 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 5.21% during the forecast period.
Increasing demand for livestock multiplication is driving market growth, with a
trend towards increase in government initiatives for veterinary artificial
insemination. However, high cost of equipment and procedures in veterinary
artificial insemination poses a challenge.Key market players include Agtech
Inc., Bovine Elite LLC, Cooperatie Koninklijke CRV u.a., Covetrus Inc., Genus
Plc, Hamilton Thorne Ltd, IMV Technologies, 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..
Key insights into market evolution with AI-powered analysis. Explore trends,
segmentation, and growth drivers- View Free Sample PDF
Veterinary Artificial Insemination Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 - 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 5.21%
Market growth 2024-2028
USD 962.3 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
4.85
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 35%
Key countries
US, China, India, Germany, and Canada
Key companies profiled
Agtech Inc., Bovine Elite LLC, Cooperatie Koninklijke CRV u.a., Covetrus Inc.,
Genus Plc, Hamilton Thorne Ltd, IMV Technologies, 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 Driver
The global veterinary artificial insemination market is experiencing growth due
to increasing government initiatives. These initiatives aim to enhance livestock
genetics, boost productivity, and mitigate the spread of animal diseases.
Traditional farming methods are insufficient to meet the rising demand for
animal protein. Artificially inseminating livestock improves genetics and
productivity, contributing to food security. In 2021, the European Commission
proposed a USD465 billion budget for the Common Agricultural Policy, including
funds for improving livestock genetics via artificial insemination. Several
governments are funding research, offering subsidies, and implementing
regulations to encourage this method over traditional breeding. These
initiatives are expected to significantly expand the veterinary artificial
insemination market.
The Veterinary Artificial Insemination (VAIs) market is experiencing significant
growth due to increasing fish consumption, expanding livestock population, and
the need to combat infectious diseases like Avian influenza and Poultry losses.
Hygiene measures and advanced techniques such as Intrauterine Tub Peritoneal,
Intracervical Insemination, Intrauterine Insemination, Intratubal Insemination,
and Embryo Transfer are driving the market. VAIs offer solutions to productivity
losses in Animal Husbandry, ensuring food security and increasing efficiency in
Cattle, Swine, Sheep, Canine, and Equine breeding. Frozen semen and Agtech
innovations are revolutionizing the industry. Private companies dominate the
market, providing services like fertility testing, genetic counseling, semen
collection, and regulatory compliance. The market's revenue share comes from
distribution channels offering Natural Mating alternatives, Bull Semen, and
Sexed Semen for Dairy Products. The regulatory environment continues to shape
the market, with a focus on disease transmission prevention.
Request Sample of our comprehensive report now to stay ahead in the AI-driven
market evolution!
Market Challenges
* The global veterinary artificial insemination market faces a substantial
obstacle due to the high cost of necessary equipment and procedures.
Veterinary artificial insemination requires specialized equipment such as
ultrasound machines, semen extenders, and insemination catheters, which can
be expensive to purchase and maintain. The cost of these items ranges from
USD2 to USD25,000. Additionally, the procedure itself involves the use of
instruments like an artificial vagina, thermostats, heated
receptacles, non-spermicidal gel, and equipment to examine motility and
spermatozoa. A well-equipped laboratory can cost approximately USD40,000 in
equipment alone. The average cost of artificial insemination for cattle is
around USD40-USD60 per insemination, and the cost of training and
certification for veterinarians and technicians is also a limiting factor.
Consequently, the high expenses related to equipment and procedures will
impede the expansion of the veterinary artificial insemination market during
the forecast period.
* The Veterinary Artificial Insemination (VAIs) market is witnessing
significant growth due to the need for increased animal efficiency and
productivity in livestock and poultry industries. The demand for meat
consumption and dairy products drives the market, with sexed semen and bull
semen being key players. Fertility testing and genetic counseling are
essential for ensuring successful insemination. Regulatory environment, semen
collection, and distribution channels are crucial factors. Private companies
and public sector collaborate in animal breeding and livestock production,
focusing on genetic diversity and reproductive management. AI service
providers offer telephonic assistance, competing on revenue share and
historical data. Regional opportunities exist, with innovation in breeding,
veterinary sectors, and agriculture organizations addressing challenges such
as natural mating, embryo transfer, and reproductive capacity. Diseases like
Vibriosis, bovine trichomoniasis, and sexually transmitted diseases pose
challenges, requiring superior breed selection, genetic selection,
crossbreeding, and reproductive capacity optimization. Endometrial thickness,
insemination frequency, and ovarian stimulation protocols are crucial for
successful pregnancies. The market is expected to grow, with opportunities in
pregnancy check, de-worming, and animal husbandry department services.
Discover how AI is revolutionizing market trends- Get your access now!
Segment Overview
This veterinary artificial insemination market report extensively covers market
segmentation by
1. Product
* 1.1 Normal semen
* 1.2 Sexed semen
2. End-user
* 2.1 Animal husbandry
* 2.2 Others
3. Geography
* 3.1 North America
* 3.2 Europe
* 3.3 Asia
* 3.4 Rest of World (ROW)
1.1 Normal semen- The normal semen segment in the veterinary artificial
insemination market refers to the utilization of semen from healthy,
reproductively sound male animals for artificial insemination. This segment
encompasses semen from various animal species, including bovine, equine,
porcine, and canine. The demand for normal semen is driven by the need to
enhance reproductive efficiency and genetic quality in animals. Employing normal
semen in artificial insemination increases the probability of successful
pregnancies and improves offspring quality. In breeding programs, it is used to
produce animals with desirable traits, such as high milk production in dairy
cows or superior athleticism in racehorses. Normal semen holds the largest
market share and is expanding due to the enhanced quality of semen samples and
the application of advanced sperm sorting techniques, such as flow cytometry, to
select high-quality sperm with desirable genetic traits. New semen preservation
and storage technologies, like cryopreservation and vitrification, have extended
the longevity of semen samples, enabling more flexibility in the scheduling of
artificial insemination procedures. Recent advancements in normal semen
technology include the implementation of artificial intelligence and machine
learning algorithms to assess semen quality and predict the likelihood of
successful pregnancies. These technologies empower veterinarians and animal
breeders to make informed decisions regarding which semen samples to use in
artificial insemination procedures, thereby improving the overall efficiency and
effectiveness of breeding programs. Consequently, the rising demand for normal
semen is fueling the expansion of the global veterinary artificial insemination
market during the forecast period.
Download a Sample of our comprehensive report today to discover how AI-driven
innovations are reshaping competitive dynamics
Research Analysis
The Veterinary Artificial Insemination (AI) market plays a significant role in
enhancing animal efficiency and productivity in the livestock industry. The
market caters to the needs of various livestock, including cattle, poultry, and
others, contributing to sustainable food production and meeting the rising
demand for meat consumption and dairy products. Reproductive technologies, such
as AI procedures, sexed semen, and bull semen, are essential tools for improving
the reproductive capacity of livestock. Livestock genetics, estrus
synchronization, fertility testing, and genetic counseling are some of the key
services offered in the market. Semen collection, regulatory environment,
natural mating, and veterinary sectors are also integral parts of the AI market.
Animal-sourced food production relies heavily on the effective implementation of
AI techniques, ensuring optimal reproductive health and reducing the spread of
sexually transmitted diseases like Vibriosis and bovine trichomoniasis. The use
of superior breeds, genetic selection, crossbreeding, and maintaining optimal
endometrial thickness are crucial factors in the success of AI procedures.
Telephonic assistance and de-worming are additional services offered to ensure
the overall health and wellbeing of the livestock.
Market Research Overview
The Veterinary Artificial Insemination (AI) market is a significant segment of
the animal breeding industry, focusing on improving animal efficiency and
productivity in livestock production. This market caters to various species,
including cattle, swine, sheep, canine, equine, and poultry, for the production
of meat consumption and dairy products. Sexed semen and bull semen are essential
components of the market, along with fertility testing, genetic counseling,
semen collection, and regulatory environment. Natural mating is being replaced
by AI techniques such as embryo transfer, intrauterine insemination (IUI),
intracervical insemination (ICI), and intratubal insemination (ITI). The
market's revenue share is influenced by distribution channels, private
companies, public sector, and veterinary sectors. Animal Husbandry Departments
and Veterinary hospitals offer AI services, while agricultural organizations and
telephonic assistance provide crucial support. Diseases like Vibriosis, bovine
trichomoniasis, avian influenza, and poultry losses impact the market. Hygiene
measures and innovation in breeding are essential to prevent sexually
transmitted diseases and maintain genetic diversity. The reproductive capacity
of animals, endometrial thickness, insemination frequency, and ovarian
stimulation protocols are critical factors influencing the market. Frozen semen,
Agtech, and superior breed selection through genetic selection and crossbreeding
are emerging trends. The market's growth is driven by productivity losses, food
security, and the increasing demand for animal-sourced food and fish
consumption.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
* Product
* Normal Semen
* Sexed Semen
* End-user
* Animal Husbandry
* Others
* Geography
* North America
* Europe
* Asia
* Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides actionable
insights to help businesses identify market opportunities and develop effective
strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more
than 17,000 reports and counting, covering 800 technologies, spanning across 50
countries. Their client base consists of enterprises of all sizes, including
more than 100 Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and actionable market
insights to identify opportunities in existing and potential markets and assess
their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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