Artificial Insemination Market Growth Forecast to 2028
The global artificial insemination market size was valued at USD 2.1 billion in 2021 and is poised to grow at a significant CAGR of 8.4% during the forecast period 2022-28. Artificial insemination is a form of assisted reproduction in which live sperm are inserted into a woman's cervix, fallopian tubes, or uterus. Artificial insemination homologous (AIH) or artificial insemination donor semen (AID) techniques are used, which are both quick and painless. Self-insemination kits are now available on the market and can be utilised in the comfort of one's own home. Artificial insemination is currently frequently utilised in animal breeding to improve reproductive success and conserve threatened or endangered species. It also prevents the spread of certain diseases and sterility in animals caused by genital problems.
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The adoption of AI technology is helping the sector become more efficient. Female descendants born through artificial insemination are more inclined than regular descendants to produce milk. The use of antibiotic-based semen expanders also reduces the spread of bacterial infections. In fact, the AI system as a whole is valued far higher than a natural mattress. Furthermore, when market conditions and farmers' needs change, many cattle breeds are no longer adequate for most farms. Artificial insemination, on the other hand, is a superior method of reproduction for such species, allowing them to persist in the wild. As the population grows, so does the demand for cattle to continue to develop. Furthermore, AI use is expected to rise in the next years due to associated benefits such as increased bull productivity, genetic selection, lower housing costs, handling bodies, and protection for farmers and animals. Farmers' use of AI technology is also influenced by price increases. The market for genetically better animal species is expanding, as is the industry for artificial insemination of animals. Industry players are continually working to manufacture new products, as well as collaborations and collaborations, in order to maintain their market dominance.
The global artificial insemination market segmentation:
1) By Product Type: Insemination Kits, Home Conception Devices, Accessories.
2) By Procedure Type: Intravaginal Insemination, Intracervical Insemination, Intrauterine Insemination, and Intratubal Insemination.
3) By End User: Hospitals and Clinics, Fertility Centers, Others.
Owing to the technology breakthroughs and favourable norms and regulations in the region, North America dominates the worldwide artificial insemination market. According to a report published by the National Conference of State Legislatures in 2018, 14 states have legislation requiring employers to provide insurance for reproductive treatment. In Hawaii, Arkansas, Texas, and Maryland, only in vitro fertilisation is covered, not inseminations. Furthermore, the Asia Pacific artificial insemination market is expected to increase significantly as the frequency of infertility among the population rises and restrictions become less stringent. According to a 2015 report from the United Nations Department of Economic and Social Affairs, the fertility rate has dropped from 1.4 to 1.5 children per woman.
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Some of the major key players in the Artificial Insemination Market are Vitrolife, Genea Limited, Kitazato Corporation, Bescot Healthcare, Church & Dwight Co., Inc.
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