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Veterinary Artificial Insemination Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 5012622
  • Report
  • April 2020
  • Region: Global
  • 117 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Agtech Inc.
  • Bovine Elite LLC
  • Iherdsman
  • IMV Technologies
  • KRUUSE
  • National Meditek
  • MORE
The Veterinary Artificial Insemination Market is expected to register a CAGR of around 4.9% during the forecast period. The growing demand for animal and fishery industry, and increasing burden of sexually transmitted diseases are some of the factors that are fuelling the market growth. Artificial inseminations are likely to reduce many of the transmitted diseases. It allows greater efficiency in terms of genetics in animals and allows cross-breeding of species too. Furthermore, according to the Food and Agriculture Organization of the United Nations, almost 50% of the world’s population consumes fish as a food. Also, around 580 aquatic fishes are currently being produced all around the world. This emerges the need for larger production of animals and thereby expected to boost up the demand for veterinary artificial insemination market.

Key Market Trends

Veterinary Hospital Segment is Expected to Show a Significant Market Share in the Veterinary Artificial Insemination Market

Veterinary Hospital Segment is expected to show a significant growth in this market owing to higher prevalences of transmitting diseases and increasing adoption of artificial insemination techniques. According to the journal “Animals”, 2017, around 67% of mares were inseminated in the Europe. The presence of skilled professionals in association with artificial breeding is also important. According to the EuroStat, there are around 214,000 professionals related to veterinary.

Furtheremore, the increasing venereal diseases such as avian influencza (H5N1) is expected to be a key influencing factor in this segment. According to the report of “Global Animal Disease Intelligence Report”, 2016, in Central Europe around 1,480 domestic poultry was found to be infected with avian influenza (H5N1). Therefore, these factors rise the need for artificial mating and thereby expected to influence positively on the veterinary artificial insemiantion market in the veterinary hospital segment.

Asia-Pacific is Expected to Witness a Significant Growth in the Market and Expected to do Same in the Forecast Period

Asia-Pacific is expected to witness rapid growth in the global veterinary artificial insemination market due to growing venereal diseases in animals and increasing awareness about artificial insemination among the people. Avian influenza is a type of transmitting disorder that is usually caused by avian influenza type A virus. According to the study of “Global Animal Disease Intelligence Report”, in 2016, the number of cases in domestic poultry in the western Asian region with avian influenza (H5N1) was found to be approximately 565,448. Furthermore, the growing demand for products related to fishery and animal husbandry is expected to drive the veterinary artificial insemination market. According to the National Statistics of Bureau, in 2017 produced over 3148.6 per 10,000 tons of milk. Hence the aforementioned factors are expected to fuel the market growth in this region.is

Competitive Landscape

The market studied is moderately competitive and there are international as well as local companies present in this market. Some of the companies which are currently dominating the Veterinary Artificial Insemination market areBovine Elite LLC, KRUUSE, Agtech Inc., IMV Technologies, Tek-Event, Zoetis, Neogen Corporation, National Meditek, and Iherdsman.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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FEATURED COMPANIES

  • Agtech Inc.
  • Bovine Elite LLC
  • Iherdsman
  • IMV Technologies
  • KRUUSE
  • National Meditek
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Animal Husbandry and Fishery Industry
4.2.2 Increasing Burden of Venereal Diseases in Animals
4.3 Market Restraints
4.3.1 High Cost of Equipments
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Equipment
5.1.2 Reagents & Kits
5.1.3 Others
5.2 By End User
5.2.1 Veterinary Hospitals
5.2.2 Veterinary Clinics
5.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bovine Elite LLC
6.1.2 KRUUSE
6.1.3 Agtech Inc.
6.1.4 IMV Technologies
6.1.5 Tek-Event
6.1.6 Zoetis
6.1.7 Neogen Corporation
6.1.8 National Meditek
6.1.9 Iherdsman

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Bovine Elite LLC
  • KRUUSE
  • Agtech Inc.
  • IMV Technologies
  • Tek-Event
  • Zoetis
  • Neogen Corporation
  • National Meditek
  • Iherdsman
Note: Product cover images may vary from those shown
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