USD 2.1 billion
Report ID:
SQMIG35A2961 |
Region:
Global |
Published Date: November, 2024
Pages:
159
|Tables:
87
|Figures:
71
Global Artificial Insemination Market size was valued at USD 2.1 billion in 2022 and is poised to grow from USD 2.2 billion in 2023 to USD 3.8 billion by 2031, growing at a CAGR of 8.01% during the forecast period (2024-2031).
The major growth drivers for the market include an increasing demand for assisted reproductive technologies and surging incidence of infertility. With the rapid changes in lifestyle and incidence of medical conditions such as endometriosis and PCOS, artificial insemination techniques are needed, hence driving the growth of the market. Increasing access and acceptance of artificial insemination in developing countries further confirms this. Technical development has also provided ways for the growth of the industry in forms such as an improved method for the selection of sperm and eggs, cryopreservation, and pre-implantation genetic testing.
In addition, same-sex marriage, acceptance of LGBT parenthood, the availability of donor sperm and eggs, and medical technology are believed to lead the industry to further growth. Moreover, the market is growing because of more enabling policies to support this, awareness, and education campaigns on artificial insemination and infertility issues are rising, and there is increased demand for personalized and customized treatments. Other factors beneficially affecting the market growth include the availability of insurance coverage for the procedure, the trend for delaying childbearing to pursue professional goals, and more clinics and medical institutions performing artificial insemination.
Global Market Size
USD 2.1 billion
Largest Segment
Fertility clinics
Fastest Growth
Intracervical
Growth Rate
8.01%
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The Global Artificial Insemination Market is segmented into Type, Source Type, End Use, and Region. Based on Type, the market is segmented into Intrauterine, Intracervical, Intravaginal, and Intratubal. Based on Source Type, the market is segmented into AIH-Husband and AID-Donor. Based on End Use, it is segmented into Fertility Clinics & Other Facilities, and Home. Based on Region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Analysis By Type
The intrauterine insemination segment held the largest share of the market and is bound to continue holding the top spot among industries. In comparison with other fertility procedures, it gives a huge chance for pregnancy by directly depositing the sperm in the uterus. This is one of the easier treatments and presents some of the highest conception rates, making it the treatment of choice for many couples with infertility problems. Advancement in reproductive technology is predicted to continue favoring the segment as the fastest growing during the forecast period due to high success rates and low levels of intervention associated with IUI.
However, Intravaginal insemination is anticipated to be the second-largest segment of the artificial insemination market. IVM/IVI procedures are flexible and convenient, in the sense that they may be conducted in the comfort of one's own home or reproductive clinics, especially if donor insemination or surrogacy is the case. In this form of conception, sperm is injected into the vaginal canal to facilitate spontaneous conception. Accessibility and ease of use that can suit different individual situations and medical conditions comprise its key strengths. This market positioning of IVI is expected to rise due to necessary substitution brought about by increasing demand for more personalized, minimally invasive reproductive options.
Analysis By Source Type
AIH-Husband dominated owing to high effectiveness and affordability in childless couples. AIH procedures bypass all obstacles to normal conception and fertilize the egg directly with the partner's sperm. Due to its high success rate and relatively simpler technique, AIH can be expected to grow the fastest among the fertility treatments in the forecast period. Some of the factors encouraging the wider practice of the procedure include the increased awareness among childless couples of the benefits associated with AIH and the improvement in reproductive technology. Due to this fact, AIH remains one of the favored options for numerous childless couples who strive to seek efficient ways of overcoming infertility.
AID-Donor has often proved to be a last resort for many childless couples who may suffer extreme infertility problems, such as dead or immobile sperm. It could be a viable alternative for same-sex couples and unmarried women who want to get pregnant. AID involves the use of donor sperm, which is highly regulated and provided by sperm banks in order that all the extensive family medical history and personal health are known about the donors. This guarantees an extremely high level of reliability and safety for this method. Adoption and use of AID were expected to grow with the increasing level of change in cultural views regarding the dynamics of family and reproduction. However, this section remains an essential provision for those people unable to conceive naturally or require other means of getting pregnant.
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A severe decline in fertility rates across the continent witnessed Europe emerge as the biggest regional market. The decline is blamed on a change in cultural norms, different priorities, and late pregnancies on account of professional and lifestyle reasons. This, in turn, has created a growing demand for better fertility treatments as many European countries wrestle with decreasing birth rates to help people and couples attain their reproductive goals. There is, therefore, a significant market in fertility services and solutions that aim to reverse the trends or at least encourage family planning through advanced therapies and technologies due to the continued decline in birth rates.
North America accounted for the second-largest market in fertility treatments due to its fertility rate of just 62.5 births per 1,000 women, according to statistics from the National Center for Health Statistics. The comparatively low birth rate reflects the persistence of this region's problems, such as postponed childbearing and lifestyle decisions impinging on reproductive health. Despite this, North America remains one of the largest contributors to the fertility industry, because there is high demand for advanced reproductive technology and therapies. The region has a massive number of fertility options catering to both medical and personal requirements, enabled by its high-end health infrastructure and relatively higher level of awareness on alternatives related to fertility. These factors cumulatively account for the region's large market presence.
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Drivers
Increasing Infertility Rates
Technological Advancement
Restraints
High Costs of Artificial Insemination Services
Social and Ethical Concerns
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The report involves an in-depth study of the competitive environment surrounding the global artificial insemination market. The competition analysis included within the study covers market structure, market share by major players, player positioning, top winning strategies, competitive dashboard, and business assessment quadrant. It includes detailed profiles for all major companies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, along with the increase in infertility rates, due to the emerging reproductive technologies, the artificial insemination market is expected to continue to rise. Innovations, such as AI-powered monitoring systems and personalized treatment plans, further increase efficacy and access to artificial insemination by offering tailored solutions to meet the range of patient needs. However, the market still faces even more challenges in costs and ethics that need to be surpassed for there to be ample access and acceptance. Artificial insemination is going to continue to play a significant part in aiding the individual and couple with the realization of their reproductive objectives in the future as even further growth and expansion of the industry testify to the fact that the market continues evolving due to changing circumstances of patient-oriented care and new technologies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.1 billion |
Market size value in 2031 | USD 3.8 billion |
Growth Rate | 8.01% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artificial Insemination Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Insemination Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Insemination Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35A2961
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