(MENAFN- GetNews) The Artificial Insemination Market report titled 'Artificial Insemination Market Research Report- Global forecast to 2023' is an expert analysis report represented by Market Research Future which summarizes Market Scenario by Product Type, Key Players and Segmentation
Global Artificial Insemination Market sees immense growth possibilities during the forecast period (2017-2023) where exceeding a total valuation of USD 1.95 billion mark is on the cards. In the process, the artificial insemination market can easily attain 10.9% CAGR over the forecast period. MRFR segments the global artificial insemination market by type and end-users for a better predictive analysis of the market over the forecast period.
Artificial insemination is the process of introducing sperm into the cervix or uterine cavity of a female to impregnate her using in-vivo fertilization. The method helps in achieving pregnancy without having sexual intercourse. The semen necessary for the procedure can be obtained by following several methods, some include male, and some include both male and female. Artificial insemination is often adopted as a means to overcome several difficulties such as male infertility or cases where female immunity rejects male sperm or some other cervical issues that stop women from having a child.
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Rising social acceptance has also played an important role in the growth of the global artificial insemination market. Increase in awareness about infertility and reproductive health and decrease in cost of treatment of fertility treatment drive the market for artificial insemination. Additionally, increasing healthcare expenditure and rapidly growing economies have fuelled the growth of the market. These factors are restraining the adoption of artificial insemination kits which could limit the growth of the global artificial insemination market.
Major issues impacting the artificial insemination market are changing lifestyles and better technology. A drastic change in lifestyles caused by rapid urbanization has led to women going for pregnancy at a later age. Other resultant factors for the artificial insemination market are increasing psychological stress, addiction, and poor reproductive health of women. Technological advancement is aiding parents in opting for such medical procedures. Growth in disposable income is also creating scope for treatments which can promote the artificial insemination market in the foreseeable future. Government regulations are becoming lenient which can trigger the market expansion rate in the coming years.
Artificial Insemination Market - Key Players
Labotect GmbH (Germany), Hamilton Throne Ltd. (U.S.), Microtech IVF S.R.O. (Czech Republic), Rinovum Women's Health LLC (US), Zander scientific Inc. (U.S.), INVO Bioscience (U.S.), Nikon Instruments Inc. (U.S.), MedGyn products Inc. (U.S.),Conceivex Inc. (US), Biogenics Inc. (U.S.), LifeGlobal Group LLC (U.S.), TenderNeeds Fertility (US) and Surelife Pte Ltd. (Singapore).
Artificial Insemination Market - Segmentation
MRFR segments the Global Artificial Insemination Market by type and end-users for a better predictive analysis of the market over the forecast period. This segmentation is enriched with data containing both volume-wise and value-wise information.
Based on the type, the artificial insemination market can be segmented into intrauterine insemination, intracervical insemination, intratubal insemination, and other procedures. The intrauterine insemination segment has a significant market share owing to which the global market is looking promising.
Analysis with a focus on end-users reveals the artificial insemination market holding hospitals, clinics, fertility centers, and others as contributors to the holistic market growth. The clinics segment is contributing significantly.
Artificial Insemination Market - Regional Analysis
Depending on geographic region, artificial insemination market is segmented into four key regions: Americas, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market. The cost of artificial insemination in America in between USD 300 to USD 500 per attempt. According to American Society of Reproductive Health, the typical success rate is 10 to 20 percent. Continuous increasing in number of fertility clinics in the U.S and Canada, increase in drug addiction and smoking among women, unprotected sexual intercourse and rising trend of planned pregnancy favor the growth of this market in America. The European market is also growing continuously.
Deterioration of reproductive health among women, increased age of women at the time of pregnancy, rising income of families and demand of technological advancement in artificial insemination drive this market in Europe. Asia-Pacific market is expected to show fastest growth in the Artificial insemination market during the forecasted period. Rise in number of miscarriages, lack of awareness about reproductive health, increase in psychological and physical stress favor the growth of this market in Asia-Pacific. Government of India has number of programs for women in rural areas. In India, Janani Suraksha Yogana under National Health Mission was a great success initiating women to carry out institution delivery which provided cash assistance to pregnant women after delivery. Middle East and Africa show steady growth in this market.
Latest Industry Updates:
Being a competitive market, several different manufacturers are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-
Labotect GmbH is a major player in artificial insemination market. The company develops products for use in assisted reproduction, medical science laboratories and medical surgery. Incubation technique is one of the key areas of the company helping it to maintain competitive advantage. Its products include embryo transfer catheters and puncture needle are the products for artificial insemination.
Hamilton Throne Ltd. Is a leading provider for computer aided sperm analysis and advanced laser system IVOS, CEROS, human motility II are sperm analysis products In September 2016, the company acquired Embryotech Laboratories, a company providing testing assays and quality control Services
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