What is Veterinary Artificial Breeding Market Scope?
The reason artificial breeding is preferred to natural mating is that it reduces risk, allows for easy transportation and storage of the semen, and allows multiple females to be impregnated with a single ejaculation at the same time once they are diluted, about 100 females can be impregnated. When storing sperm, it should be noted that offspring can be produced by males even after they have reached reproductive age. The COVID-19 pandemic is having a significant adverse impact on various sectors, including the veterinary sector in several countries. This has disrupted the livestock and poultry value chain and led to a decline in the procurement and sale of food of animal origin. The animals suffered from a lack of adequate feed and veterinary care, such as the need for timely artificial breeding, timely pregnancy control, and deworming. The Indian Ministry of Animal Husbandry launched a program in June 2020 to provide telephone support to poultry farmers and owners. In addition, farmers were offered artificial breeding on their doorstep during the COVID-19 pandemic. As a result, such initiatives have contributed to market growth.
The Veterinary Artificial Breeding market study is being classified by Type (Equipment, Reagents and Kits and Others), by Application (Veterinary Hospitals & Clinics, Animal Husbandry and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from European and United States will contribute to the maximum growth of Global Veterinary Artificial Breeding market throughout the predicted period.
Swine Genetics International (United States), Select Sires, Inc. (United States), SEMEX (United States), Bovine Elite LLC (United States), Cooperative Resource International (United States), Zoetis (United States), Cogent (United Kingdom), KRUUSE (Denmark), Genus plc (United Kingdom), Neogen Corporation (United States), National Meditek (India) and VikingGenetics FmbA (Sweden) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Polar Genetics India Private Limited (India), Fox Fire Farm (United States) and Xcell Breeding & Livestock Services Private Limited (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Veterinary Artificial Breeding market by Type, Application and Region.
On the basis of geography, the market of Veterinary Artificial Breeding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In August 2020, Cogent had come into partnership with AB Europe, which is a sheep breeding company, and thereby launched a novel sexual sperm service for sheep producers in the UK. and In May 2018, SEMEX had partnered with Recombinetics that ran a precision breeding program so as to improve animal health and well-being through the genetics of polled dairy cattle.
Influencing Market Trend
- Increasing Calf Prices
- A Rise in the Protection of Endangered Species by Artificial Insemination
- The Rising Consumption of Milk and Milk Products
Market Drivers
- Rising For The Genetically Superior Species of Animals
- A Rising Number of Veterinarians
- The Growing Animal and Fishing Industry
- Increased Burden of Sexually Transmitted Diseases
Opportunities
- Increasing Improved Efficiency Through The Use Of AI Technology
- Increasing Government Initiatives
Restraints
- High Cost Associated With the Process
Challenges
- Lack of Knowledge in Under Developed Regions
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Veterinary Artificial Breeding, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:
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