
NEW YORK, July 3, 2023 /PRNewswire/ -- The veterinary artificial insemination (AI) Market is estimated to grow at a CAGR of 5.8% between 2022 and 2027. The size of the market is forecast to increase by USD 1,035.02 million, according to Technavio. Download a Sample Report!
Veterinary Artificial Insemination (AI) Market Insights
- Vendors: 15+, Including 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. among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: End-user (animal husbandry and others), Product (normal semen and sexed semen), and Geography (North America, Asia, Europe, and the Rest of World (ROW))
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Veterinary artificial insemination market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 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. among others
Veterinary Artificial Insemination Market – Market Dynamics
Key Drivers
A rapid increase in the requirement for livestock to boost yields is driving the veterinary artificial insemination market growth. Artificial insemination helps in a safe reproduction process which leads to fewer STDs. Furthermore, it helps in reducing the spread of infectious diseases in livestock and improving genetic and animal crossbreeding efficiency. Artificial insemination is widely used in dairy industries to improve cow genetics and increase milk production. Farmers can produce offspring with better milk yield and disease resistance with the help of semen from high-quality bulls.
Additionally, farmers and producers are looking to improve the quality and quantity of their livestock because of the increasing demand for animal products such as milk, meat, and eggs. Hence, these benefits of artificial insemination are expected to drive market growth during the forecast period.
Major Trends
Various government initiatives aiming to boost the growth of artificial insemination are emerging trends shaping the veterinary artificial insemination market. The government is launching various initiatives due to the requirement of improving the genetics of the livestock and restraining the risk of spreading different animal diseases. In addition, advances in bovine genetics are also driving the market growth. In addition, artificial insemination has become a popular tool for improving livestock productivity and quality by taking advantage of advances in genetic research.
Furthermore, farmers are using advanced breeding techniques to improve the quality and productivity of their livestock. The government is focusing on different applications of genomic selection that analyze animal DNA to identify specific traits which are associated with productivity and health. Hence, these factors will drive the market growth during the forecast period.
Significant Challenge
Higher investment in artificial insemination processes and equipment is a significant challenge impeding the veterinary artificial insemination market growth. The investment cost for the equipment and processes which require special techniques is very high. In addition, skilled workers are required to run the equipment and conduct the process, which also poses a challenge to market growth. The immune response can trigger due to some infections that can remain in the semen for several weeks and trigger an immune response. In addition, the shortage of experienced Veterinarian professionals is also another challenge that is restricting the market.
Furthermore, the workers need to screen animals for infection before using animal sperm for artificial insemination to prevent transmission of infection. The high utilization of veterinary artificial insemination may generate an immune response. Hence, these factors are expected to restrict the market growth during the forecast period.
The veterinary artificial insemination market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
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What are the key data covered in this Veterinary Artificial Insemination Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the veterinary artificial insemination market between 2023 and 2027
- Precise estimation of the size of the veterinary artificial insemination market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the veterinary artificial insemination market across North America, Asia, Europe, and the Rest of the World (ROW)
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of veterinary artificial insemination market vendors
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Veterinary Artificial Insemination Market Scope |
|
Report Coverage |
Details |
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 the Rest of the World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, Germany, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global veterinary artificial insemination market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global veterinary artificial insemination market 2017 - 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Animal husbandry - Market size and forecast 2022-2027
- Exhibit 34: Chart on Animal husbandry - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Animal husbandry - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Animal husbandry - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Animal husbandry - Year-over-year growth 2022-2027 (%)
- 6.4 Others - Market size and forecast 2022-2027
- Exhibit 38: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ million)
- Exhibit 43: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 44: Chart on Product - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 46: Chart on Comparison by Product
- Exhibit 47: Data Table on Comparison by Product
- 7.3 Normal semen - Market size and forecast 2022-2027
- Exhibit 48: Chart on Normal semen - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Normal semen - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Normal semen - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Normal semen - Year-over-year growth 2022-2027 (%)
- 7.4 Sexed semen - Market size and forecast 2022-2027
- Exhibit 52: Chart on Sexed semen - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Sexed semen - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Sexed semen - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Sexed semen - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Product
- Exhibit 56: Market opportunity by Product ($ million)
- Exhibit 57: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Asia - Market size and forecast 2022-2027
- Exhibit 67: Chart on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Asia - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Asia - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 75: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 79: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 India - Market size and forecast 2022-2027
- Exhibit 87: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Canada - Market size and forecast 2022-2027
- Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 99: Market opportunity by geography ($ million)
- Exhibit 100: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 104: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 105: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification
- 12.3 Agtech Inc.
- Exhibit 107: Agtech Inc. - Overview
- Exhibit 108: Agtech Inc. - Product / Service
- Exhibit 109: Agtech Inc. - Key offerings
- 12.4 Covetrus Inc.
- Exhibit 110: Covetrus Inc. - Overview
- Exhibit 111: Covetrus Inc. - Business segments
- Exhibit 112: Covetrus Inc. - Key offerings
- Exhibit 113: Covetrus Inc. - Segment focus
- 12.5 Genus Plc
- Exhibit 114: Genus Plc - Overview
- Exhibit 115: Genus Plc - Business segments
- Exhibit 116: Genus Plc - Key offerings
- Exhibit 117: Genus Plc - Segment focus
- 12.6 Hamilton Thorne Ltd.
- Exhibit 118: Hamilton Thorne Ltd. - Overview
- Exhibit 119: Hamilton Thorne Ltd. - Product / Service
- Exhibit 120: Hamilton Thorne Ltd. - Key offerings
- 12.7 IMV Technologies Group
- Exhibit 121: IMV Technologies Group - Overview
- Exhibit 122: IMV Technologies Group - Product / Service
- Exhibit 123: IMV Technologies Group - Key offerings
- 12.8 Jorgensen Laboratories LLC
- Exhibit 124: Jorgensen Laboratories LLC - Overview
- Exhibit 125: Jorgensen Laboratories LLC - Product / Service
- Exhibit 126: Jorgensen Laboratories LLC - Key offerings
- 12.9 Mai Animal Health
- Exhibit 127: Mai Animal Health - Overview
- Exhibit 128: Mai Animal Health - Product / Service
- Exhibit 129: Mai Animal Health - Key offerings
- 12.10 Merck and Co. Inc.
- Exhibit 130: Merck and Co. Inc. - Overview
- Exhibit 131: Merck and Co. Inc. - Business segments
- Exhibit 132: Merck and Co. Inc. - Key news
- Exhibit 133: Merck and Co. Inc. - Key offerings
- Exhibit 134: Merck and Co. Inc. - Segment focus
- 12.11 Neogen Corp.
- Exhibit 135: Neogen Corp. - Overview
- Exhibit 136: Neogen Corp. - Business segments
- Exhibit 137: Neogen Corp. - Key news
- Exhibit 138: Neogen Corp. - Key offerings
- Exhibit 139: Neogen Corp. - Segment focus
- 12.12 Santa Cruz Biotechnology Inc.
- Exhibit 140: Santa Cruz Biotechnology Inc. - Overview
- Exhibit 141: Santa Cruz Biotechnology Inc. - Product / Service
- Exhibit 142: Santa Cruz Biotechnology Inc. - Key offerings
- 12.13 Select Sires Inc.
- Exhibit 143: Select Sires Inc. - Overview
- Exhibit 144: Select Sires Inc. - Product / Service
- Exhibit 145: Select Sires Inc. - Key offerings
- 12.14 URUS Group LP
- Exhibit 146: URUS Group LP - Overview
- Exhibit 147: URUS Group LP - Product / Service
- Exhibit 148: URUS Group LP - Key offerings
- 12.15 VikingGenetics F.M.B.A
- Exhibit 149: VikingGenetics F.M.B.A - Overview
- Exhibit 150: VikingGenetics F.M.B.A - Product / Service
- Exhibit 151: VikingGenetics F.M.B.A - Key offerings
- 12.16 Zhengzhou Zhimuren Machinery Equipment Co.
- Exhibit 152: Zhengzhou Zhimuren Machinery Equipment Co. - Overview
- Exhibit 153: Zhengzhou Zhimuren Machinery Equipment Co. - Product / Service
- Exhibit 154: Zhengzhou Zhimuren Machinery Equipment Co. - Key offerings
- 12.17 Zoetis Inc.
- Exhibit 155: Zoetis Inc. - Overview
- Exhibit 156: Zoetis Inc. - Business segments
- Exhibit 157: Zoetis Inc. - Key news
- Exhibit 158: Zoetis Inc. - Key offerings
- Exhibit 159: Zoetis Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 160: Inclusions checklist
- Exhibit 161: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 162: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 163: Research methodology
- Exhibit 164: Validation techniques employed for market sizing
- Exhibit 165: Information sources
- 13.5 List of abbreviations
- Exhibit 166: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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SOURCE Technavio
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