Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Veterinary Artificial Insemination Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The Global Veterinary Artificial Insemination Market is experiencing a bright phase of growth, reaching a value of USD 2.04 billion in 2022 and projected to expand at a robust CAGR of 8.28% from now through 2028. A comprehensive research publication now available examines the market dynamics, industry trends, and opportunities that shape this essential sector's future.
Technological Innovations Drive Market Expansion
Rapid advancements in technologies related to artificial insemination promise to transform the veterinary landscape. The market benefits from improvements in cryopreservation, genetic profiling, and embryo transfer techniques. Innovations, including sexed semen technology, which facilitates the selection of the expected gender of progeny, boosts efficiency for breeders focusing on genetic traits improvement and productivity enhancement.
Disease Prevention and Growing Demand for Animal Products Fuel Market Demand
The urgent need to control animal diseases acts as a catalyst for the market, as artificial insemination minimizes direct contact during mating, thereby reducing the disease transmission risk. Additionally, the rising global demand for animal-derived products propels this growth trajectory, as producers aim to meet consumer needs through improved livestock genetics.
Companion Animal Segment to Experience Substantial Growth
Alongside agriculture and livestock industries, the Companion Animal segment sees a rise in advanced reproductive technologies. This increase aligns with the growing pet ownership trend and the desire for specific breeds, driving demand for high-quality breeding services.
Regional Insights into North American Dominance
North America maintains dominance in the veterinary artificial insemination market, largely due to its robust infrastructure and high standards of animal husbandry. The region's focus on quality breeding practices and rigorous regulatory standards underpins its significant market share.
- Cattle, swine, ovine & caprine, and equine considered in the Animal Type segment.
- Normal semen and sexed semen featured in the Product segment.
- Animal Husbandry identified as the most substantial End-User segment.
- Detailed regional analysis includes North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 176 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $2.04 Billion |
| Forecasted Market Value (USD) by 2028 | $3.25 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Bovine Elite LLC
- Agtech Inc.
- IMV Technologies
- Tek-Event
- Zoetis Inc.
- Neogen Corporation
- Swine Genetics International
- Select Sires Inc.
- GENEX Cooperative
- Genus PLC (ABS Global)
For more information about this report visit https://www.researchandmarkets.com/r/nir6f2
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