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Animal Artificial Insemination Market to Grow at CAGR of 5.4% through 2029 | Future Market Insights

In view of growing demand for genetically modified breeds of
livestock, the global animal artificial insemination market is projected
to grow at a healthy 5.4% CAGR through the forecast period (2019 -
2029). Between 2019 and 2029, the animal artificial inseminations market
revenues are set for 1.7X expansion, as suggested by a new Future
Market Insights (FMI) study.

"Growing adoption of advanced semen
sexing technologies for animal breeding, aquaculture, and dairy farming
is projected to propel growth of animal artificial insemination market,"
says the FMI analyst.

Key Takeaways of the Animal Artificial Inseminations Study

  • Reagent media is remains a highly preferred product owing to growing importance of semen culture.
  • Semen
    collection procedures account for around three quarters of the overall
    market revenue with advances in relevant technology.
  • Animal artificial insemination will find significant application in ruminants, accounting for a major market share.
  • North
    America and East Asia are key regional markets, with government support
    for indigenous animal breeds and animal food production.

Animal Artificial Inseminations Market - Top Growth Drivers

  • Rising investments in artificial insemination procedures for ruminants and canine are key growth drivers.
  • Frequent new launches and introduction of new insemination processes push developments in the industry.
  • Improving pet insurance scenario and increased presence of third-party players are boosting the market revenue.
  • Adoption of animal artificial insemination procedures is heightening, with the rise in private animal health care centers.
  • Awareness programs about zoonotic diseases contribute to overall demand.

Animal Artificial Inseminations Market - Key Restraints

  • The
    risk of contamination or transmission of diseases through semen
    restrict the growth of animal artificial insemination market.
  • Intense selection of parent animals for breeding are narrowing genetic variations, which continues to limit market growth.

Competitive Landscape

of the prominent players that are covered by the study include, but are
not limited to, ABS Global Inc., Accelerated Genetics, Boehringer
Ingelheim, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health, All
Star Genetics, World Wide Sires, Alta Genetics, ST Genetics, Semex and
more. Leading players in the field of animal insemination are acquiring
smaller competitors in the industry to expand market share and build a
product portfolio. Further, key players are pushing for better
distribution presence in individual regions to boost the scope of
setting up manufacturing settings.

Source Link:

More about the Report

291-page study offers an in-depth market forecast and analysis on the
animal artificial inseminations market. The major categories encompassed
by the report include product type (insemination equipment, artificial
insemination syringes, insemination sheaths, artificial insemination
applicators, artificial insemination straws, thawers, accessories,
artificial insemination kits, reagent media, and others), procedure
(semen collection procedures, and insemination procedures), animal type
(canine, feline, swine, bovine, equine, and ruminant), end user (animal
hospitals, animal clinics, animal breeding centers, and others) across
seven regions (South Asia, East Asia, Latin America, Europe, North
America, Middle East & Africa, and Oceania).

Explore Future Market Insights' coverage of the Healthcare, Pharmaceuticals and Medical devices Intelligence:

About Future Market Insights (FMI)

Market Insights (FMI) is a leading provider of market intelligence and
consulting services, serving clients in over 150 countries. FMI is
headquartered in London, the global financial capital, and has delivery
centers in U.S. and India. FMI's latest market research reports and
industry analysis helps businesses navigate challenges and take critical
decisions with confidence and clarity amidst breakneck competition.


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