Middle East & Africa Veterinary Assistive Reproduction Technology Market Size & Outlook
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MEA veterinary assistive reproduction technology market highlights
- The MEA veterinary assistive reproduction technology market generated a revenue of USD 100.2 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, normal semen was the largest revenue generating product in 2023.
- Sexed Semen is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 100.2 million |
| Market revenue in 2030 | USD 165.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Normal semen |
| Fastest growing segment | Sexed Semen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Normal Semen, Sexed Semen |
| Key market players worldwide | Genus PLC, CRV, URUS Group, SEMEX, Select Sires Inc., Swine Genetics International, National Dairy Development Board, STgenetics, VikingGenetics, Geno |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.8% of the global veterinary assistive reproduction technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,128.3 million by 2030.
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Veterinary Assistive Reproduction Technology Market Scope
Veterinary Assistive Reproduction Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Geno | View profile | 101-250 | Hamar, Hedmark, Norway, Europe | https://www.geno.no/ |
| VikingGenetics | View profile | 101-250 | Hamburg, Hamburg, Germany, Europe | https://www.vikinggenetics.de |
| National Dairy Development Board | View profile | 1001-5000 | Anand, Gujarat, India, Asia | http://www.nddb.org |
| Select Sires Inc. | View profile | 251-500 | Plain City, Ohio, United States, North America | http://selectsires.com |
| SEMEX | View profile | 1001-5000 | Guadalupe, Nuevo Leon, Mexico, North America | http://www.semex.com.mx/ |
| STgenetics | View profile | 1001-5000 | Navasota, Texas, United States, North America | https://www.stgen.com/default.aspx |
| Swine Genetics International | View profile | - | Cambridge, Iowa, United States, North America | https://swinegenetics.com |
| CRV | View profile | 1001-5000 | Arnhem, Gelderland, The Netherlands, Europe | https://crv4all.nl |
| URUS Group | View profile | 1001-5000 | Madison, Wisconsin, United States, North America | https://www.urus.org |
| Genus PLC | View profile | 3536 | Matrix House, Basing View, Basingstoke, Hants, United Kingdom, RG21 4DZ | https://www.genusplc.com |
Middle East & Africa veterinary assistive reproduction technology 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 assistive reproduction technology market will help companies and investors design strategic landscapes.
Normal semen was the largest segment with a revenue share of 84.93% in 2023. Horizon Databook has segmented the Middle East & Africa veterinary assistive reproduction technology market based on normal semen, sexed semen covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary assistive reproduction technologies market in MEA is driven by the increasing adoption of AI and IVF procedures in the cattle industry. South Africa, Saudi Arabia, the United Arab Emirates (UAE), and Kuwait constitute the MEA market.
Companies use assistive reproduction technologies, such as AI, ET, and IVF, to create breeds resistant to diseases, enabling them to thrive in various environments. For instance, Sion, an Israel-based company specializing in AI and cattle breeding, launched a novel breeding program to supply cattle genetics that can cope with humid and hot conditions.
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Target buyers of Middle East & Africa veterinary assistive reproduction technology market databook
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Our clientele includes a mix of veterinary assistive reproduction technology 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa veterinary assistive reproduction technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary assistive reproduction technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA veterinary assistive reproduction technology market size, by country, 2018-2030 (US$M)
Middle East & Africa Veterinary Assistive Reproduction Technology Market Outlook Share, 2023 & 2030 (US$M)
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