Saudi Arabia Veterinary Artificial Insemination Market Size & Outlook
Saudi Arabia veterinary artificial insemination market, 2018-2030 (US$M)
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Saudi Arabia veterinary artificial insemination market highlights
- The Saudi Arabia veterinary artificial insemination market generated a revenue of USD 49.0 million in 2023 and is expected to reach USD 79.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.2% 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.
Veterinary artificial insemination market data book summary
| Market revenue in 2023 | USD 49.0 million |
| Market revenue in 2030 | USD 79.5 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Semen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.7% of the global veterinary artificial insemination market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 79.5 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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Saudi Arabia 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 41.43% in 2023. Horizon Databook has segmented the Saudi Arabia veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary artificial insemination market in Saudi Arabia is driven by rapid improvement in livestock production and increasing pet adoption along with rising awareness about STDs. Cows under heat stress have altered follicular development, reduced duration & intensity of estrus, and impaired embryonic development.
Moreover, reproductive efficiency of cattle declines when they are subject to heat stress, causing low conception rate & insemination index. Thus, techniques that have been investigated to reduce the negative affect of heat stress on reproduction include inducing accessory corpus lutea, embryo transfer, and crossbreeding.
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Target buyers of Saudi Arabia veterinary artificial insemination market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Saudi Arabia Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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