Monday, May 20, 2024

Artificial Insemination Market Outlook in North America, Europe, Asia Pacific, Latin America

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The Global Artificial Insemination Market is expected to have a value of USD 2.4 billion in 2023, and it is further predicted to reach a market value of USD 5.0 billion by 2032 at a CAGR of 8.5%.

The growth of this market is driven by factors such as an increase in infertility rates, advancements in fertility treatments, government initiatives to support artificial insemination, and increasing acceptance of unconventional family planning methods. Other key factors boosting demand include delayed pregnancies among women due to career priorities, rising instances of obesity and stress impacting reproductive health, and a growing number of same-sex marriages and single parents seeking donor sperm.

Report: https://dimensionmarketresearch.com/report/artificial-insemination-market/

By end-user, the market is segmented into fertility clinics & surgical centers, home care settings, and others. The fertility clinics & surgical centers segment accounted for the largest revenue share in 2022 owing to the expertise offered at these facilities as well as favorable reimbursement policies. Based on source type, the artificial insemination market is bifurcated into AID (artificial insemination by donor) and AIH (artificial insemination by husband). AID dominated the market with a share of 64.5% in 2022.

North America was the largest regional market in terms of revenue in 2022, followed by Europe and Asia Pacific. Favorable government funding and initiatives in developed countries along with access to advanced reproductive technologies and treatment procedures are key factors attributable to the large share of North America.

Market Segmentation

By Type

  • Intracervical
  • Intrauterine
  • Intratubal

By End User

  • Hospitals & Clinics
  • Fertility Center
  • Home Based

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