The global Artificial Insemination Veterinary Market size was USD 4.74 Billion in 2021 and is expected to register a revenue CAGR of 7.4% over the forecast period, according to the latest report by Reports and Data.
The increase in animal cases of sexually transmitted diseases is the main driver fueling the market's revenue growth. According to the March 2022 article "Controlling sexually transmitted diseases in cattle," sexually transmitted illnesses like trichomoniasis and vibriosis in cattle are a serious issue and can result in large output losses. It exists. As a result, the market is anticipated to be driven by the need to safeguard animals from the spread of sexually transmitted diseases. Worldwide demand for superior animal breeds is also rising, which raises the need for animal Artificial Insemination Veterinary procedures.
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Some Key Highlights from the Report
- The Asia-Pacific market accounted for the largest share of sales in 2021. The Asia-Pacific region has a large market share due to the huge number of animals present in the region.In addition to legislative changes, increasing demand for milk and animal protein is driving economic expansion. For example, in May 2020, the Indian government proposed funding her US$2.13 billion for an initiative to create a livestock farming infrastructure. China also has the third largest number of cattle in the world and actively uses on-farm Artificial Insemination Veterinary to generate revenue.
- The North American market is expected to register a steady growth rate during the forecast period. This is due to the development of the livestock sector, the increasing interest in and use of AI in cattle breeding, and the presence of important companies such as STgenetics, the world leader in sexual semen. For various species of cattle and buffalo, the company's sex-selected semen yields an average female purity of 93.0%.
- On April 25, 2022, the Government of Madhya Pradesh, India approved nearly 400 mobile veterinary facilities for over 4.6 million animals. Each vehicle has a veterinarian, a paravette, a vehicle driver/passenger, and is equipped with assisted reproductive medicine, minor surgeries, and veterinary equipment.
Top companies profiled in the report:
Select Sires, Inc., Swine Genetics International, SEMEX, Zoetis, Cooperative Resource International (GENEX), Cogent, Viking Genetics, Genus PLC, Polar Genetics India, and Fox Fire Farm.
Global Artificial Insemination Veterinary Market Segmentation:
Product Mode Outlook (Revenue, USD Billion; 2019-2030)
- Normal Semen
- Sexed Semen
Animals Outlook (Revenue, USD Billion; 2019-2030)
- Cattle
- Swine
- Sheep
- Canine
- Equine
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Veterinary Hospitals
- Animal Husbandry
- Others
Some Points on How the Report Benefits Readers:
- Highlights of the key drivers, opportunities, and restraints in the global Artificial Insemination Veterinary market.
- Qualitative and quantitative analyses of the Artificial Insemination Veterinary industry.
- Detailed analysis of the key regional markets and evaluation of their respective revenue CAGRs.
- Precise evaluation of the production consumption capacities of each of the regional markets.
- An overview of the highly competitive landscape of the Artificial Insemination Veterinary industry.
- Company overviews and SWOT analysis of the market players.
- Key strategies implemented by the key market players, such as partnerships, acquisitions, collaborations, new service/product launches, and various other strategies, illustrated in the report.
Global Artificial Insemination Veterinary Market: Regional Outlook
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Some Points on How the Report Benefits Readers:
- Highlights of the key drivers, opportunities, and restraints in the global Artificial Insemination Veterinary market.
- Qualitative and quantitative analyses of the Artificial Insemination Veterinary industry.
- Detailed analysis of the key regional markets and evaluation of their respective revenue CAGRs.
- Precise evaluation of the production consumption capacities of each of the regional markets.
- An overview of the highly competitive landscape of the Artificial Insemination Veterinary industry.
- Company overviews and SWOT analysis of the market players.
- Key strategies implemented by the key market players, such as partnerships, acquisitions, collaborations, new service/product launches, and various other strategies, illustrated in the report.
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