Global Veterinary Artificial Insemination Market: Overview
Cattle producers are scurrying to find ways to improve productivity and improve profit margins. And, artificial insemination is one way that has historically provided good results. It mainly owes its success to lower breeding related issues. Also the fact that it is easy to carry semen products easily, making it possible for females in even remote area to be impregnated hugely helps. To add on, since semen can be stored, it helps in reproduction even much after the male is cannot perform. Besides, the semen can also be diluted and used in multiple females. Thus, in a single ejaculation, about 100 females can be inseminated.
This directs to growth in the forecast period of 2019-2027. The global veterinary artificial insemination market will witness a steady CAGR (Compound Annual Growth Rate). This growth would translate to a notable value of market opportunities.
Global Veterinary Artificial Insemination Market: Notable Development
Certain developments happening in the market place are transforming the landscape of veterinary artificial insemination market. These shape-up the competitive landscape in a major way. Here is a glimpse into the market landscape and its transformations.
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One key development was Merck’s launch of PORCEPTAL. It was another addition to its REPROPIG, a management system. It allowed for insemination of a number of sows in one go at a time previously decided instead of a one-go method.
Another notable development was Neogen’s acquisition of Livestock Genetic Services in 2018. The latter specializes in data management and genetic evaluations for cattle breeding companies. The acquisition helped Neogen’s capability of genetic evaluation. This brings to fore the need for market players to combine know how to provide users with the best there can be, This also points us to players feeling pushed to constantly be on their toes to keep up product development through innovation.
The global veterinary artificial insemination market is fairly consolidated and some of the key players in the global veterinary artificial insemination market landscape are:
- Merck Animal Health (U.S.)
- Swine Genetics (U.S.)
- PBS Animal Health (U.S.)
- Revival Animal Health (U.S.)
- Jorgensen Labs (U.S.)
- Santa Cruz Biotechnology, Inc. (U.S.)
Global Veterinary Artificial Insemination Market: Key trends and driver
The global veterinary artificial insemination market is on an upward trajectory owing to various trends and drivers. A peek into what putting it on a steep positive slope is below:
- First, semen sexing technology is on a rise in beef and dairy industry. It is attributable to advantages it provides like focused breeding via animal selection. This helps in not just prevention of transmission of sexually transmitted diseases but a generation of stronger children. Therefore this genetic selection and development of stronger herd that is enabled by artificial insemination will push the global veterinary artificial insemination market forward. The dynamics created can be understood better by noting how Genus Abs saw a 25% increase in sales in 2018 after the launch of Sexcel in 2017. This demonstrates how strong demand and adoption is in developed nations.
- Another factor that is adding to this growth is a rise in awareness about the above mentioned benefits of artificial insemination, especially in developing economies. And, also it is adopted in saving endangered species as the conservation efforts across the globe take serious proportions. The global veterinary artificial insemination market therefore will see considerable growth.
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Global Veterinary Artificial Insemination Market: Regional Analysis
The region that will demonstrate impressive performance over the forecast period is North America. Another region that will show similar growth is Europe. The two regions will reap benefits of presence of prominent names in the market landscape. This is the most popular method of breeding in this region – 80% breeding done intensively by AI. This growth in Europe is further fuelled by a ban on injecting hormones in animals that are used in food processing (2006).
Asia Pacific (APAC) region will also show tremendous potential owing to growing health concerns and concerns regarding transmission of sexually transmitted diseases when insemination is done naturally.
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