Veterinary Assistive Reproduction Technology Market
Veterinary Assistive Reproduction Technology Market – By Type (Service, Semen, Instruments), Technology (Artificial Insemination (AI), In Vitro Fertilization (IVF)), Animal Type (Bovine, Swine, Ovine, Caprine), End-use, & Global Forecast 2024 – 2032
Published Date: May - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationVeterinary Assistive Reproduction Technology Market Size
Veterinary Assistive Reproduction Technology Market was worth USD 6.8 billion in 2023 and is anticipated to grow at a rate of 6.8% CAGR during the period of 2024-2032. The major growth driver is increasing demand for high-value pets and livestock, which in turn has fueled the need for sophisticated assisted reproductive technologies to improve breeding efficiency and genetic quality.
To get key market trends
Artificial reproductive techniques, including artificial insemination, in vitro fertilization, and embryo transfer, are being used by farmers and breeders in greater numbers to maximize reproductive performance and enhance herd productivity. The advances in veterinary science and biotechnology also helped in the development of better and affordable ART technologies, also driving the growth of the market.
Another key factor propelling the Veterinary ART market is increasing awareness and acceptance of such technologies among livestock farmers and pet owners. Greater emphasis on animal welfare and health, combined with the need to preserve and reproduce valuable genetic characteristics, has resulted in an increased adoption level of assistive reproductive technologies. In addition, government programs and investments in animal husbandry and agriculture development are facilitating the implementation of ART, particularly in developing economies, further driving the growth of the market.
Veterinary assistive reproduction technology (ART) encompasses a range of medical procedures used to aid in the reproduction of animals. These technologies are essential in animal breeding, conservation of endangered species, and improving the genetics and health of livestock.
Report Attribute | Details |
---|---|
Base Year | 2023 |
Veterinary Assistive Reproduction Technology Market Size in 2023 | USD 6.8 Billion |
Forecast Period | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR | 6.8% |
2032 Value Projection | USD 12.3 Billion |
Historical Data for | 2018 to 2023 |
No. of Pages | 192 |
Tables, Charts & Figures | 332 |
Segments covered | Type. Technology, Animal Type, End-use, & Region |
Growth Drivers |
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Pitfalls & Challenges |
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What are the growth opportunities in this market?
Veterinary Assistive Reproduction Technology Market Trends
- Rising demand for animal breeding is significantly driving the market.
- As livestock farming and pet ownership increase, there is a growing need to improve the genetic quality, productivity, and health of animals.
- Advanced reproductive technologies such as artificial insemination, embryo transfer, and in vitro fertilization are becoming essential tools for breeders to enhance breeding efficiency, manage genetic diversity, and address food demand issues.
- Globally, farmers are expected to produce 70% more food to feed a population that is estimated to reach 9.6 billion by 2050. Most of this growth is expected in developing countries.
- Rapid urbanization in developing countries is also responsible for increasing concerns regarding food security. As of 2021, approximately 55% of the global population lived in urban areas, a percentage expected to increase to 73% by 2050.
- Due to these population and urbanization trends, the consumption of animal products is expected to increase significantly, driving the demand for advanced animal breeding technologies.
Veterinary Assistive Reproduction Technology Market Analysis
Learn more about the key segments shaping this market
Based on type, the market is segmented into services, instruments, semen, and kit & consumables. The services segment dominated the market in 2023 and accounted for USD 2.9 billion.
- The industry is witnessing tremendous growth, with services retaining a dominant market share.
- Such dominance can be explained by the growing need for reproductive specialist services, which are used to enhance breeding performance and genetic variety in livestock animals as well as pets.
- Also, the increasing awareness and embracement of sophisticated reproductive methods by animal breeders and veterinarians have fueled the market's expansion.
- In addition, the expense and intricacy of ART treatments tend to require professional services, further increasing the dependence on expert services
Learn more about the key segments shaping this market
Based on technology, the veterinary assistive reproduction technology market is segmented into artificial insemination (AI), in vitro fertilization (IVF), embryo transfer (MOET), and other technologies. The artificial insemination (AI)segment dominated the market in 2023 with a market share of 71.5%.
- Artificial insemination has important benefits in genetic enhancement, disease prevention, and reproduction control in different animal species and is therefore the best option for veterinarians and breeders.
- Its extensive usage is especially seen in animals, where it facilitates the maximization of breeding schemes as well as the spread of desired genetic characteristics.
- In addition, heightened awareness and acceptance of artificial insemination by pet owners for companion animals are factors that help its market share increase.
Based on animal type, the veterinary assistive reproduction technology market is segmented into bovine, swine, ovine, caprine, equine, and other animal types. The bovine segment dominated the market in 2023 and is expected to witness growth at a CAGR of 6.6%.
- The high market penetration is largely due to the great demand for dairy and beef products, which calls for the improvement of reproductive efficiency and genetic quality in cattle. The advanced reproductive technologies have been widely used to enhance herd productivity, improve breeding programs, and maintain the genetic diversity of bovine populations.
- Moreover, increasing awareness among breeders and farmers regarding the advantages of ART in optimizing reproductive yields and growing investments in veterinary healthcare infrastructure support the leading role of bovines in this market segment.
- This trend is also complemented by positive government policies and subsidies in an effort to increase livestock productivity and the ongoing development of reproductive biotechnologies that are specifically designed for bovine species.
Based on end-use, the veterinary assistive reproduction technology market is segmented into veterinary clinics and hospitals, animal breeding centers, research institutes and universities, and other end-users. The veterinary clinics and hospitals segment is anticipated to reach USD 5.1 billion by 2032.
- These facilities often have specialized equipment and trained personnel necessary to perform complex ART procedures.
- Additionally, these establishments typically maintain close relationships with pet owners and breeders, providing a steady demand for reproductive technologies aimed at enhancing breeding outcomes and addressing fertility challenges in animals
Looking for region specific data?
North America dominated the global veterinary assistive reproduction technology market in 2023 with a market share of 38.6% and is anticipated to grow at a CAGR of 6.5% between 2024 – 2032.
- The region boasts advanced veterinary healthcare infrastructure and a strong focus on animal welfare, driving demand for assistive reproductive technology solutions aimed at improving breeding outcomes and genetic diversity in companion and livestock animals.
- Additionally, the presence of leading veterinary research institutions and technology providers in North America facilitates continuous innovation in ART techniques, further bolstering market growth.
U.S. veterinary assistive reproduction technology market is anticipated to grow at a CAGR of 6.4% between 2024 - 2032.
- The U.S. holds a significant market share in the veterinary assisted reproduction technology market due to advanced infrastructure, substantial investments in research and development, and a high demand for advanced veterinary healthcare services.
- Additionally, high livestock population in the country increases the demand for these services. For instance, there are 28.2 million beef cows in the U.S. as of Jan. 1, 2024.
Germany is anticipated to witness robust growth in the global veterinary assistive reproduction technology market.
- The country's strong veterinary healthcare infrastructure, coupled with advanced research and development capabilities in biotechnology and reproductive sciences, supports the adoption of ART solutions among veterinary clinics and animal breeding facilities.
- Moreover, increasing pet ownership rates and a growing emphasis on animal welfare further drive demand for ART services.
Asia Pacific region is anticipated to witness high growth in veterinary assistive reproduction technology market, growing at a CAGR of 7.5% over the analysis years.
- Increasing awareness and adoption of advanced veterinary healthcare services across countries like China, Japan, India, and Australia are driving demand for assistive reproduction technology procedures in companion animals and livestock.
- Additionally, supportive government initiatives aimed at enhancing animal health and productivity in agricultural sectors are encouraging investment in advanced reproductive technologies.
- Lastly, collaborations between international veterinary organizations and local entities are facilitating technology transfer and improving access to ART services, further stimulating market growth in the region.
Veterinary Assistive Reproduction Technology Market Share
The competitive environment within the market is marked by a combination of old and new players, all trying to find a niche within this very dynamic industry. Advancements in technologies like in vitro fertilization (IVF), embryo transfer methods, and genetic screening devices have increased competition, compelling businesses to differentiate on efficacy, cost-effectiveness, and adaptability to provide services to various animal species. Additionally, collaborations with veterinary clinics, research partnerships, and strategic purchases are typical practices utilized to increase market presence and technological capabilities in this fast-paced industry.
Veterinary Assistive Reproduction Technology Market Companies
Prominent players operating in the veterinary assistive reproduction technology industry include
- Bovine Elite, LLC
- CRV Holdings B.V.
- Geno SA
- Genus Plc
- Minitube Group
- SEMEX
- Select Sires, Inc.
- Swine Genetics International
- STgenetics
- URUS Group LP
- VikingGenetics
Veterinary Assistive Reproduction Technology Industry News
- In January 2023, BullWise and CRV entered into an alliance under which BullWise was made the premier distributor for CRV genetics in Ireland & Northern Ireland. Farmers can now have access to CRV's best bulls from New Zealand's grazing breeding program and bulls handpicked for the Irish market from CRV's breeding programs. The alliance seeks to enhance the quality and productivity of herds in the region.
- In June 2021, Genus Plc's bovine business-ABS, partnered with World Wide Sires Deutschland GmbH to co-operate as World Wide Sires Deutschland in Austria, Luxembourg, and Germany as ABS' distributor. This assisted the company in expanding its distribution network.
The veterinary assistive reproduction technology market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments
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Market, By Type
- Services
- Semen
- Normal semen
- Sexed semen
- Instruments
- Kit & consumables
Market, By Technology
- Artificial insemination (AI)
- In vitro fertilization (IVF)
- Embryo transfer (MOET)
- Other technologies
Market, By Animal Type
- Bovine
- Swine
- Ovine
- Caprine
- Equine
- Other animal types
Market, By End-use
- Veterinary clinics and hospitals
- Animal breeding centers
- Research institutes and universities
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
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