Animal Artificial Insemination Market 2021: Growth, COVID Impact, Trends Analysis Report 2027 | Merck KGaA (Merck Animal Health) , Revival Animal Health, Swine Genetics | FMI Report
Majormarket playersare implementing artificial insemination to enhance production and breedhigh-quality livestock to fulfil the incessant growing demand. Animal Artificial InseminationMarket Players are Investing Huge in Animal Clinics would Fortify their MarketHold
Theglobal demand for animal artificial insemination market is anticipated to reflect for a strongCAGR over the projected period (2019-2029). Growing investments in artificialinsemination procedures for ruminants and canine are chiefly fuelling marketgrowth. Numerous novel product launches and launch of novel methodologies wouldremain influential to market build-up.
“Increasing implementationof advanced semen sexing technologies for dairy farming, aquaculture, and animalbreeding is likely to bolster market growth.” comments the FMI analyst.
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AnimalArtificial Insemination Market – Key Highlights
- East Asia will remain lucrative in the globalmarket in revenue terms over the assessment period.
- Reagent media will account for one-fourth of market revenueshare due to its widespread usage amid the procedures for semencryopreservation and embryo transfer.
- Animal hospitals end user segment reflects notable marketvalue share trailed by animal clinics.
- Insemination procedures are likely to gainmomentum in the global market.
AnimalArtificial Insemination Market – Drivers
- Growing awareness concerning zoonotic diseases and foodsecurity has been contributing towards growth in the healthcare industryparticularly in East Asia, which supports the overall market growth.
- A sizeable customer population continues to opt animalderived protein, which remains a noteworthy prospects in the global market.
- Dairy farmers aims to producing genetically better breeds forhuge-scale dairy products productions in the market will encourage growth.
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AnimalArtificial Insemination Market – Restraints
- Chances of infectious disease transmission or semencontamination because of viral infections are the huge risk factors projectedto hamper the market growth.
- Strong selection of ideal parent for animal breeding viaartificial insemination might limit the genetic variation which might restrainmarket expansion.
COVID-19Impact on the Market
Theunexpected COVID-19 outbreak has repositioned the world’s focus towards thehealthcare industry. National governments are watchfully functioning with pharmaceuticalcompanies and healthcare institutions to offer efficient treatment to patientssuffering with the infection. This is impacted the growth of the animalartificial insemination market amid the pandemic period. However, the market isslated to recover gradually by the end of 2021 or beginning of 2022.
Prominent market players are focusing on acquisitions and consolidationto generate a sturdy regional distribution presence as direct sales force aswell as local artificial insemination product producing facilities. Major companies functioning in the global market include Merck KGaA (Merck Animal Health) , Revival Animal Health, Swine Genetics, Zoetis, JorgensenLabs, Elanco Animal Health, Boehringer Ingelheim International GmbH, Agtech,Inc., IMV Technologies Group, Continental Plastic Corporation, and ABS Global,Inc.
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Global Veterinary ArtificialInsemination Market: Notable Development
Active measures taken by prominentplayers in the global veterinary artificial insemination market are leading tosome notable developments in the vendor landscape in terms of level ofcompetition, and how it would operate going forward. A glimpse is providedbelow:
2018: Genetic evaluationcapabilities of Neogen were improved once it acquired Livestock GeneticServices. In the same year, Genus ABS’s sales increased by 25% after itlaunched Sexcel in 2017. This is set to increase competition in the market
The study offers readers a comprehensive assessment of the AnimalArtificial Insemination market. Global, regional and national-level analysis ofthe latest trends influencing the market is covered in this FMI report. Thestudy provides insights based on product type(insemination equipment, artificial insemination syringes, inseminationsheaths, artificial insemination applicator, thawers, accessories, artificialinsemination kits, artificial insemination straws, reagent media and others),procedure type (semen collection procedures and insemination procedures),animal type (canine, feline, swine, bovine, equine, and ruminant), end user(animal hospitals, animal clinics, animal breeding centers, and others), acrosskey regions (North America, Latin America, Europe, China, Asia Pacific, MiddleEast & Africa).
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