The growing infertility rate to drive the demand for Artificial Insemination Market in the forecast period, 2023-2027
According to TechSci Research report, “Artificial Insemination Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global artificial insemination market is anticipated to grow at impressive rate in the forecast period, 2023-2027. Medical insurance coverage, in the growing healthcare industry, the rapid increase in population, and government initiatives are other reasons for the market growth According to the UN reports in 2017, the total fertility rate is predicted to decline up to 2.39 (child per woman) between the year 2020 and 2030. Due to the above data, the government and agencies are worried about the scenario and taking proper measures to recover from it. Thus, the demand for the artificial insemination market is going to increase in the projected period. As the population increases, the demand for livestock-based food is growing. Here, the artificial insemination technique is applied regularly to cattle to increase reproduction success and fulfill the population’s needs. It also helps society to save rare and endangered species.
Due to the increasing pervasiveness of the problem, consumption of unhygienic foods, alcohol, tobacco, and diseases like endometriosis, sterilization, cervical mucus problem, and others are the major factors responsible for infertility to the growth of the artificial insemination market. As per UNSC, 84% of countries support the policy that directly and indirectly affects fertility in the country. Assisted Reproductive Technology (ART) Regulation Bill, Nation Public Action Plan, and National Family Policy are the policies among many which are implied by regulating bodies in different countries. Hence, during the projected period, demand for artificial insemination is going to increase for the treatment of the increasing patient. Thus, the abovementioned factors will drive the growth, directly impacting the Artificial Insemination Market growth.
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The global artificial insemination market is segmented based on technique, component, source, end-user, regional distribution, and competitive landscape. Based on the technique type, the market is divided into intrauterine, intracervical, intravaginal, and intratubal. The intrauterine segment is expected to hold the largest market share in 2022. As it is a non-invasive technique with the highest fertility rate, it is more in demand for treatment by doctors and patients. Different agents are used in the washing process, such as pathogenic agents, antigenic proteins, and other, to ensure high-quality sperm. Thus, the better treatment result makes the intrauterine segment prominent in the market.
Based on source type, the market is split into AIH-Husband and AID-Donor. As per estimates, the AIH-Husband segment is going to experience the highest market share during the forecast period. The highest demand for the AIH-Husband is due to its cost-effective and straightforward process. It helps the couple to enhance their sperm count or quality and fulfill the desire of their baby.
Based on end-user, the market is divided into hospitals, fertility clinics & centers, and others. Fertility clinics & centers are expected to account for a significant market share over the next projected years. The highest number of desired customer footfall of this segment visits to fertility clinics & centers. The focus of fertility clinics & centers is infertility. Thus, they are working on different strategies to make people aware of the problem and solution. All these practices help them to increase their customer base and dominate the segment.
Major operating companies operating in global artificial insemination market are:
- Rocket Medical plc
- Kitazato Corporation
- Vitrolife AB
- Genea Limited
- Rinovum Women’s Health, LLC
- Pride Angel Limited
- FUJIFILM Irvine Scientific, Inc.
- Conceivex, Inc.
- Surelife Pte Ltd.
- Biogenics Inc.
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“The North American region is expected to dominate the market in the coming years due to people’s awareness, unhealthy lifestyles, and family planning at an older age. Demand for advanced healthcare and increasing spending on healthcare products by authorities and individuals propel the market share of artificial insemination in this region. In 2020, the USA will spend USD4.1 trillion on healthcare, which means USD12,500 per person in the country, and trying to reach USD6.2 trillion by 2028. This increasing trend or number of spending on healthcare indicates an increase in market share. In addition, Due to the increasing pervasiveness of problems, consumption of unhygienic foods, alcohol, tobacco, and diseases like endometriosis, sterilization, cervical mucus problem, and others are the major factors responsible for infertility in people. Increasing consumption of livestock-based food is propelling the market of artificial insemination to increase the cattle population.
Following North America, Europe is expected to be the second largest market size in the projected year, and the Asia-Pacific region will experience the highest market growth throughout 2027. As it is a growing market, various organizations are investing in this segment to enhance innovation & reach a new customer base with impact market growth and create favorable conditions to propel the global Artificial Insemination Market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Artificial Insemination Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Technique (Intrauterine, Intracervical, Intravaginal, Intratubal), By Component (Insemination Kits, Home Conception Devices, Others), By Source (AIH-Husband, and AID-Donor), By End User (Hospitals, Fertility Clinics & Centers, Others), By Company (2021), By Region, has evaluated the future growth potential of global artificial insemination market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global artificial insemination market.
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