North America Veterinary Artificial Insemination Market Size & Outlook
North America veterinary artificial insemination market, 2018-2030 (US$M)
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North America veterinary artificial insemination market highlights
- The North America veterinary artificial insemination market generated a revenue of USD 2,234.2 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating solution in 2023.
- Semen is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,234.2 million |
| Market revenue in 2030 | USD 3,264.3 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Semen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipments & Consumables, Semen, Services |
| Key market players worldwide | Genus PLC, URUS Group, CRV, Swine Genetics International, STgenetics, SEMEX, Immersion Corp, Select Sires Inc., Stallion AI Services, IMV Technologies, Stallion AI Services |
Other key industry trends
- In terms of revenue, North America region accounted for 30.3% of the global veterinary artificial insemination market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,463.6 million by 2030.
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Veterinary Artificial Insemination Market Scope
Veterinary Artificial Insemination Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America veterinary artificial insemination market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary artificial insemination market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 42% in 2023. Horizon Databook has segmented the North America veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the second largest share after Asia Pacific as of 2019. The market is mainly driven by presence of leading players in this region, who are involved in new product launches and strategic collaborations.
In addition, in April 2018, Select Sires introduced the Elite sexed fertility product line. This helped in identification of sires with sex-sorted semen and superior fertility under Elite Sexed Fertility designation. These initiatives undertaken by the company and their continuous involvement in improving breeding procedures among animals are expected to drive growth of the market.
According to Zoonoses Public health in 2016, Zoonoses (Zoonotic disease) is considered a significant burden in North America. It is an additional threat to public health as animals are often the natural source of the disease. Moreover, high prevalence of zoonotic diseases is another factor contributing to market growth.
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Our clientele includes a mix of veterinary artificial insemination market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary artificial insemination market size, by country, 2018-2030 (US$M)
North America Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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