Global Spay And Neuter Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
1 Jun, 2023
The global spay and neuter market size is expected to grow from $2.11 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global spay and neuter market size is expected to reach $2.6 billion in 2027 at a CAGR of 4.7%.
Global Spay And Neuter Market Key Driver
Increased pet adoption will drive the spay and neuter market forward. Animal adoption is defined as getting animals from rescue organisations rather than purchasing them from pet stores or breeders. Animals use spaying and neutering to protect themselves from numerous diseases and medical issues, as well as from unwanted births.
Get a sample of the global spay and neuter market reportGlobal Spay And Neuter Market Segments
The global spay and neuter market is segmented:
1) By Animal Type: Dogs, Cats, Other Animals
2) By Provider Type: Veterinary Clinics And Hospitals, Other Providers
3) By End-User: Animal Welfare Groups, Pet Owners
4) By Geography: The regions covered in the spay and neuter market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global spay and neuter market.
Major Spay And Neuter Industry Players
CVS Group Plc, VetPartners Group Limited, Ethos Veterinary Health LLC, PetIQ, Covetrus, Inc., Zoetis Inc., VCA Animal Hospitals, Veritas Veterinary Partners, AniCura AB, Dash Solutions
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Spay And Neuter Market Overview
Spay and neuter are medical procedures performed on cats and dogs to prevent them from reproducing. A spay is defined as the process of removing the ovaries, fallopian tubes, and uterus from a female cat or dog while a neuter is defined as the process of removing the testes from a male dog or cat.
Spay And Neuter Global Market Report 2023 provides data on the global spay and neuter market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The spay and neuter market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.