The global Semen Analysis market will increase at a CAGR of 8.9% from 2017 to 2022 to USD 355.6 million by 2022, according to the latest publication from Meticulous Research®. This is driven by rapidly changing lifestyle, increase in IVF treatments, increasing disposable income, growing demand for animal derived food products, and rise in pet care expenditure.
Semen analysis is conducted to evaluate different parameters of ejaculate like volume, concentration, motility, viability, and normal morphology for those seeking pregnancy or verifying the success of vasectomy. In animals, semen analysis is conducted as a part of the routine breeding soundness evaluation, for investigation of fertility problems, and for the use in Artificial Insemination (A.I.). AI is the first generation reproductive technology that has made a profound contribution to the genetic improvement, particularly in dairy cattle.
The global semen analysis market is segmented by product (analyzers, accessories and disposables, software, instruments, and test kits), by application (human and veterinary), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). North America holds the major share of the global semen analysis market followed by Europe, and Asia-Pacific. Asia Pacific region shows a substantial growth in the semen analysis market primarily due to the rapidly increasing rate of infertility, growing export of livestock products, and rising fertility tourism due to the high cost of IVF treatment in European and American countries.
The global semen analysis market is fragmented with the presence of many local and regional players. The leading companies have employed various strategies to expand their product and services offerings, global footprint, and augment their market share. The key strategy followed by most companies in the global semen analysis market was new product launches/ developments, during the period of 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global semen analysis market. The key players in this market are Medical Electronic System (Israel), Dolo Animals Ltd. (China), Hamilton Thorne Inc. (U.S.), Microptic S.L. (Spain), CooperSurgical Inc. (U.S.), Proiser (Spain), Sperm Processor Pvt.Ltd. (India), Bioline Technologies (India), ContraVac Inc. (U.S.), MotilityCount Aps (Demark), MMC Soft (Russia), MedSystems International LLC. (U.S.), LabIVF Asia Pte.Ltd. (Singapore), Stormoff (Russia), Mira Lab (Egypt), and Beijing Weili New Century Science & Tech. (China).
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