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Artificial Insemination Market to Witness a Pronounce Growth by 2026 Key Players in The Market Are Pride Angel, Irvine Scientific, Hi-Tech Solutions, Rinovum Women’s Health LLC, TenderNeeds Fertility, Conceivex Inc.
Artificial Insemination
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Artificial Insemination Market Dynamics
Major pharmaceutical companies are vigorously developing products that are in clinical and preclinical trials and launching new insemination kits that have demonstrated potential benefits, which in turn is propelling the artificial insemination market growth. For instance, 2015 clinical trial study of Stork OTC kit showed effectiveness at delivering higher concentration of sperm to the cervix than natural intercourse. The Stork OTC delivered 3.23x higher value of sperm concentration to around 85% of the subjects in the study, whereas the remaining 15% showed no change in sperm concentration at the cervix. The Stork OTC received FDA over-the-counter approval in July 2014. The kit helps collect, insert, and transport sperms directly at the opening of the cervix for prolong duration, providing sperms the opportunity to enter into the uterus. The Stork OTC provides a safe and simple way for users to avoid unfavorable vaginal environment, to deliver the sperm.
Moreover, according to the National Women’s Health Resource Center, infertility impacts over 20 million women. According to 2017 United Nations World Population prospects report, total fertility is expected to decrease from 2.43 to 2.39 (children per woman) between 2020 and 2030. Increasing incidence of infertility among the global populace is majorly boosting growth of the artificial insemination market.
Artificial Insemination Market – Competitive Landscape
Key players operating in the global artificial insemination market include Pride Angel, Irvine Scientific, Hi-Tech Solutions, Rinovum Women’s Health, LLC, TenderNeeds Fertility, Conceivex, Inc., Labotech GmbH, Hamilton Throne Ltd., Biogenics Inc., Nikon Instruments Inc., Zander scientific Inc., and Surelife Pte Ltd.
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Artificial Insemination Market Taxonomy
On the basis of procedure type, the global artificial insemination market is segmented into:
Intrauterine Insemination
Intracervical Insemination
Intravaginal Insemination
Intratubal Insemination
On the basis of product type, the global artificial insemination market is segmented into:
Insemination Kits
Home Conception Devices
Accessories
On the basis of end user, the global artificial insemination market is segmented into:
Hospitals
Clinics
Fertility Centers
Others
Artificial Insemination Market – Regional Insights
On the basis of the region, the global artificial insemination market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America market holds the dominant position in the global artificial insemination market, owing to technological advancements and favorable rules and regulations in the region. For instance, according to 2018 National Conference of State Legislature report, 14 states have laws mandating that employers offer insurance for fertility treatment. Hawaii, Arkansas, Texas, and Maryland mandate coverage for in vitro fertilization only, excluding inseminations.
Furthermore, Asia Pacific artificial insemination market is projected to witness significant growth owing to increasing prevalence of infertility among the populace and less stringent regulations. For instance, according to the United Nation Department of Economic and Social Affairs 2015 report shows a fertility rate decline from 1.3 to 1.4 children per woman.
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