USA, Rockville MD, Aug. 05, 2022 (GLOBE NEWSWIRE) — According to detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the global artificial insemination market is expected to reach a valuation of $2.5 billion by 2026 growing at a CAGR of 7% over the forecast period (2022-2026).
A method of assisted reproduction known as artificial insemination involves injecting live sperm into a woman’s fallopian tubes, cervix, or uterus. Animal husbandry routinely uses artificial insemination to increase breeding success and protect rare and endangered species. Additionally, it helps prevent the spread of disease and infertility in animals caused by genital problems.
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The popularity of artificial insemination techniques increases when regulations are standardized across countries, as it makes patients safer. Also, donor names are kept secret under government regulations. It offers a chance to couples who wish to resort to artificial insemination. In developing countries, where around 10% of women struggle to conceive and start a family, infertility treatments are hard to come by. The market will grow if more people are made aware of infertility related issues.
Growing government initiatives to make infertility treatments more accessible, increased focus on upgrading healthcare infrastructure, and increasing number of fertility clinics are all driving the expansion of the artificial insemination market .
How is the expansion of the artificial insemination market driven?
“Growing Public Awareness of New Technologies for Reproductive Treatments”
The artificial insemination market is driven by the increasing incidence of infertility in both men and women. As more and more people develop conditions such as erectile dysfunction and polycystic ovary syndrome (PCOS), infertility is becoming more and more prevalent around the world.
Problems can arise from lifestyle changes and the desire of more working women to have children later in life. Men can find it difficult to get pregnant for a variety of reasons, including stress, alcohol use, lifestyle changes, and a decrease in sperm quantity and motility.
Artificial insemination is frequently used as the first treatment for infertility, although in vitro fertilization is considered a more sophisticated type of assisted reproductive technology.
The rapid development by multinational pharmaceutical companies of drugs in clinical and preclinical research, as well as the release of new insemination kits with proven potential benefits, are driving the growth of the artificial insemination market.
A significant opportunity has been generated for this industry by the invention of a new intracytoplasmic sperm injection (ICSI) for the production of kids, which is implanted into the egg of females.
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Key segments covered by the Artificial insemination Industry survey
- By type:
- Intrauterine insemination
- Intravaginal insemination
- Intratubal insemination
- By type of establishment:
- Fertility centers
- By region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key companies are forming strategic alliances to expand their product offerings and improve their market share. Market players will exert more efforts to develop unique devices that will attract global attention.
The companies are urging regulators to quickly approve innovative pharmaceuticals and treatment regimens to expedite the introduction of advanced artificial insemination procedures.
- In 2022, Shenandoah Biotechnology was acquired by Fujifilm Irvine Scientific, enabling the localization of cell culture for the production of vaccines and other therapeutics.
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The key players in the Artificial insemination Market
- Rocket Medical PLC
- Vitrolife AB
- Genea Limited
- Pride Angel Ltd.
- Irvine Scientist
- High-tech solutions
- KITAZATO COMPANY
Main takeaways from Artificial insemination Market research
- The global artificial insemination market is currently valued at US$1.9 billion.
- The market in Japan is expected to grow at a CAGR of 6.3% through 2026.
- The market in Canada is expected to grow at a CAGR of 5.5% over the next 4 years.
- The demand for intravaginal insemination techniques is expected to grow at a CAGR of 6.5% from 2022 to 2026.
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