LONDON, Dec. 26, 2022 /PRNewswire/ -- Artificial Insemination Market Size was estimated to be worth USD 1.83 billion in 2021 and is forecast to reach the size of USD 3.1 billion by 2028 with a CAGR of 7.8% During the Forecast Period 2022 - 2028.
Artificial insemination is a process of treating infertility involving the direct insertion of semen into a woman's womb. During this procedure, the healthcare expert uses a flexible and thin catheter which is passed through the cervix with an aim to directly inject washed sperm into the uterus, cervix, or fallopian tubes. This in turn can prompt pregnancy in women who are unable to conceive due to certain factors. This medical process is also known as intrauterine insemination.
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The Global Artificial Insemination Market is expected to amass notable gains over the forecast duration of 2022-2028.
The increasing prevalence of fertility issues in both male and female populace, widespread technological advancements in the medical sector, along with rising healthcare expenditure in various regions are creating lucrative opportunities for this industry vertical to prosper.
Also, unhealthy lifestyle trends of the masses, growing R&D activities in the field, coupled with the rising awareness about the availability of alternative reproductive treatments among the masses are adding momentum to the progression of this business sphere.
Further, the rapidly evolving healthcare sector, escalating demand for artificial insemination in the animal breeding vertical, and increasing acceptance of same gender relationships are fuelling the growth of the Global Artificial Insemination Market.
On the contrary, stringent regulations pertaining to the practice of reproductive treatment procedures is hindering the remuneration scope of this industry vertical.
Besides, the COVID-19 pandemic slowed down the progression of this market. Due to rising patient pool, almost all medical facilities were struggling to accommodate them. Most of the medical professionals were assigned with COVID-19 duties thereby forcing them to postpone other treatment procedures or consultations. Except for critical cases, most of the other medical procedures in sub verticals such as reproductive, dental, dermatological, or cosmeceuticals were delayed for an indefinite period. These factors hampered the development of this industry during the pandemic era.
· Intrauterine
· Intracervical
· Intravaginal
· Intratubal
· Fertility Clinics
· Other Facilities
· Home
· AIH-Husband
· AID-Donor
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Asia Pacific is slated to capture a substantial volume share over the assessment timeline. This is attributable to the rising pervasiveness of infertility among the population, increasing healthcare expenditure, growing adoption of this treatment procedure in the veterinary sector, along with rapidly evolving healthcare infrastructure in the region.
Europe is reckoned to emerge as one of the fastest growing regions in this business vertical due to the rising trends of livestock rearing, technological advancements in the healthcare sector, availability of low-cost medical care, along with the shifting inclination of the masses towards unhealthy lifestyle habits.
The intrauterine insemination segment is anticipated to gain significant returns over the stipulated timeframe owing to the higher success rates associated with this method.
Which is the most dominant end use segment in the Global Artificial Insemination Market?
The fertility clinics segment is poised to dominate the industry in terms of market share. This is due to the availability of high-end medical equipment and skilled professionals across fertility clinics.
The industry vertical is being positively influenced by a wide array of growth propellants emerging over the years.
There has been a rising pervasiveness of reproductive disorders among the masses. Infertility is being witnessed at a robust level in both the male and female population base. This is mainly credited to the adoption of unhealthy habits such as excessive smoking and alcohol consumption, lack of balanced diet, rising trends of food adulteration, age, and genetic factors. Infertile couples opt for various treatment procedures to conceive. This in turn is stimulating the overall dynamics of this business vertical.
With legalization of same gender relationships in various countries, artificial insemination is gaining massive population. Mostly females in same gender relationships opt for this medical procedure to start a family. This is another growth catalyst for this market sphere.
Moreover, the growing adoption of this treatment in the veterinary sector is aiding the expansion of Global Artificial Insemination Market. Animal artificial insemination provides a wide array of benefits including increased milk production efficiency in livestock, safety, along with ensuring better breed and genetics. The rapid improvements in animal healthcare infrastructure along with escalating demand to increase the population count of endangered animals are further adding traction to the progression of this industry.
· U.S, Canada
·Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
·South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
·Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
·Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
In 2016, Worthington Industries inked a collaboration deal with Intellectual Ventures. They jointly developed and launched their artificial insemination shield refrigerator ranges named AIS 3 and AIS 1.5.
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