NEW YORK, Nov. 11, 2024
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..
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Veterinary Artificial Insemination Market Scope
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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.
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Market Challenges
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Segment Overview
This veterinary artificial insemination market report extensively covers market segmentation by
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.
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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 Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation
7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 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 ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/
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