Veterinary Artificial Reproduction Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Veterinary Artificial Reproduction Market By Type (Equipment, Reagents and Kits, Others), By Application (Veterinary Hospitals, Veterinary Clinics, Others), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Veterinary Artificial Reproduction market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Veterinary Artificial Reproduction market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Equipment
✤ Reagents and Kits
✤ Others

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Veterinary Hospitals
✤ Veterinary Clinics
✤ Others

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Veterinary Artificial Reproduction Market includes the following core components:

The value chain of the Veterinary Artificial Reproduction market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Equipment, Reagents and Kits, Others) and Application (Veterinary Hospitals, Veterinary Clinics, Others)

Key Companies - Bovine Elite LLC, KRUUSE, Agtech Inc., IMV Technologies, Zoetis Inc., Neogen Corporation, National Meditek, Swine Genetics International, Select Sires Inc., SEMEX

Driver - Growing investments in Veterinary Artificial Reproduction industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Veterinary Artificial Reproduction Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ Bovine Elite LLC
✤ KRUUSE
✤ Agtech Inc.
✤ IMV Technologies
✤ Zoetis Inc.
✤ Neogen Corporation
✤ National Meditek
✤ Swine Genetics International
✤ Select Sires Inc.
✤ SEMEX

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Overview of the Veterinary Artificial Reproduction Market:

In recent years, advances in animal artificial reproduction have made it possible to produce embryos in laboratories. The method is commonly used to improve the genetics of food-producing animals. It can be used to increase the number of sires required for breeding. Each ejaculatee of a male can produce many female offspring, reducing the overall number of sires required. It can also reduce selection intensity on the male side, allowing for more selective breeding on the other end. Currently, dairy cattle select only the best 1% of the cows as possible bull mothers. The techniques used in cattle AI are more advanced than those used for human reproduction.

Increasing demand for animal products especially due to rise in the human population is fostering growth of the veterinary artificial reproduction market. Artificial reproduction results in a reduction of calving difficulties and increases the profits of herders. It has also proved to be more efficient than natural breeding. Government around the globe are undertaking initiatives to support animal husbandries which is again augmenting growth of the market. For instance, Sub-Mission on Breed Development of Livestock & Poultry: The sub-mission proposes to bring sharp focus on entrepreneurship development and breed improvement in poultry, sheep, goat and piggery by providing the incentivization to the individual, FPOs, SHGs, Section 8 companies for entrepreneurship development and also to the State Government for breed improvement infrastructure.

Europe is expected to gain significant growth over the forecast period owing to the growing demand for fishery and animal husbandry products. According to the Greenpeace report published on February 2019, between €28.5bn and €32.6bn of the European Union's subsidies for farmers supports the livestock sector.

Key Developments:

⇨ In November 2017, the government of Benin has introduced artificial insemination in cattle. At its new bull station and semen laboratory inaugurated in Parakou, a region in central Benin with the largest livestock population, scientists have so far produced more than 2000 doses of frozen semen and carried out more than 200 artificial inseminations.

⇨ In March 2019, International Collaboration Produces First Jaguar Cub Ever Born from Artificial Insemination. The birth is a result of an AI procedure performed by scientists from the Cincinnati Zoo & Botanical Garden's Center for Conservation and Research of Endangered Wildlife (CREW) and represents a major scientific advancement for the conservation of this species.

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