U.S. Veterinary Artificial Insemination Market Size & Outlook
U.S. veterinary artificial insemination market, 2018-2030 (US$M)
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U.S. veterinary artificial insemination market highlights
- The U.S. veterinary artificial insemination market generated a revenue of USD 1,931.2 million in 2023 and is expected to reach USD 2,774.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.3% 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 1,931.2 million |
| Market revenue in 2030 | USD 2,774.7 million |
| Growth rate | 5.3% (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, U.S. accounted for 26.2% 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 North America, U.S. veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 489.6 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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U.S. 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 41.93% in 2023. Horizon Databook has segmented the U.S. 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 procedure was developed in the 1940s in the U.S. and is used globally. Since then, it is being used in various animal types, such as dairy cattle, sheep, swine, and equines.
For instance, the U.S. produces over 40 million turkeys annually by means of artificial insemination to meet the growing demand of the population. Furthermore, increasing usage of artificial insemination for production of milk is driving market growth.
For instance, 90% of the cattle that produces milk is created through artificial insemination. The U.S. veterinary artificial insemination market is anticipated to grow due to increasing animal healthcare centers and practitioners.
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Target buyers of U.S. 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 U.S. veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
U.S. Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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