Artificial Insemination Market Size to Surpass US$ 3.2 Billion by 2028 at 9.13% CAGR

IMARC Group, a leading market research company, has released a report titled "Artificial Insemination Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global artificial insemination market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.13% during 2023-2028.

Artificial insemination refers to an assisted fertilization treatment wherein the sperm is artificially introduced into the cervix and uterus of a female. This procedure is employed through artificial insemination homologous (AIH), artificial insemination donor semen (AID), or intrauterine insemination (IUI). Artificial insemination is beneficial for infertility, old age, poor sperm quality, polycystic ovry syndrome (PCOS), and endometriosis. Other than this, artificial insemination is also adopted in animal breeding to conserve endangered species.

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Artificial Insemination Market Trends and Drivers:

The growing rate of infertility, changing lifestyles, and increasing awareness regarding the availability of alternative reproductive treatments are majorly driving the global artificial insemination market. The legalization of same-sex marriage by governments of various nations is further contributing to the market growth. Moreover, there has been an increase in the adoption of artificial insemination in the breeding of livestock animals as it is considered more hygienic, thereby preventing the spread of zoonotic diseases. This is also supported by the escalating demand for animal-based proteins.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Intrauterine
Intracervical
Intravaginal
Intratubal

Breakup by Source Type:

AIH-Husband
AID-Donor

Breakup by End Use:

Hospitals and Clinics
Fertility Centers
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Conceivex Inc.
FUJIFILM Irvine Scientific Inc. (Fujifilm Holdings Corporation)
Genea Limited
Genus plc
Hamilton Thorne Inc.
Hi-Tech Solutions
Kitazato Corporation
Pride Angel
Rinovum Women's Health LLC
Rocket Medical plc
TenderNeeds Fertility LLC
Vitrolife AB.

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This release was published on openPR.