Global Artificial Insemination Market: Information By Type (Intrauterine, Intracervical and Intratubal), End User (Hospitals & Clinics, Fertility Centre and Home-Based) and Region (Americas, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
The Large Availability of Reimbursement and Copay Services for Artificial Insemination Techniques Globally is expected to Drive the Artificial Insemination Market at a CAGR of 8.56% during the Forecast Period :
Market Highlights
Global Artificial Insemination Market is expected to register a CAGR of 8.56% during the forecast period and is expected to hit USD 3,409.75 Million by 2027.
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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.
Competitive Analysis
Innovation is the organic strategy to gain the market. Many companies are operating in the market, however, the major companies dominated the major share in the market due to well-developed brand identity. Now-a-days, there is a significant increase in the number of the company offering artificial Insemination. Thus companies are adopting the new strategies to minimize the competition and increase the market. Some major companies are focusing on development of new and advanced products to gain the market share. Whereas, some are has used the technique of acquisition and collaboration to gain the market.
Some of the key players in Artificial Insemination market are: 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).
Latest Industry Updates
Being a competitive market, a number of different manufacturer 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 serviees
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