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Description
The global artificial insemination market is valued at US$ 1,823.7 Mn in 2021 growing with 8.37 % CAGR during the forecast period, 2022-2028..due to surge in infertility prevalence due to unhealthy lifestyle around the globe. For instance, according to a research study, approximately 50 Mn couple experienced with infertility around the world. Moreover, development of advanced technologies for the artificial insemination, favorable reimbursement policies in developed countries, increase in success rate with artificial insemination, increase the number of cases preferring for late parenthood, and grow in disposable income are anticipated to propel the market revenue over the forecast timeframe. However, stringent regulatory framework, high cost of services, lack of sophisticated infrastructure in underdeveloped countries, and chances of premature birth or miscarriage due to having multiple births such as twins and triplets are hinder the growth of market. Global artificial insemination market is surging owing to collaborations and product approvals by the market players. For instance, in 2016, Worthington Industries, collaborated with Intellectual Ventures and launched AIS 3 and AIS 1.5 artificial insemination shield refrigerators holding samples.
