What Has Driven the Growth of the Spay And Neuter Market in Recent Years?
The spay and neuter market has seen considerable growth due to a variety of factors.
•Over the past few years, the spay and neuter market size has seen a consistent expansion. It is projected to increase from a valuation of $2.34 billion in 2024 to $2.44 billion in 2025, signaling a compound annual growth rate (CAGR) of 4.5%.
Factors contributing to this growth during the historic period include a surge in the pet population, public awareness initiatives, regulatory actions, advancements in veterinary practices, concerns for animal welfare, and problems with overpopulation.
What is the Market Size Forecast for the Spay And Neuter Market?
The spay and neuter market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for spay and neuter procedures is projected to witness consistent growth in the coming years, potentially reaching "$2.97 billion by 2029 with a compounded annual growth rate (CAGR) of 5.0%.
The anticipated growth during the forecast period can be credited to worldwide health issues, the proliferation of mobile clinics, educational initiatives, government backing, and partnerships with non-profit organizations. Key trends foreseen during this period encompass advancements in veterinary technology, an increase in public knowledge and learning, government and non-governmental organization initiatives, a concentration on animal welfare, and novel developments in sterilization methods.
Which Factors Are Boosting Growth In The Spay And Neuter Market?
The surge in pet adoption is expected to boost the expansion of the spay and neuter market. Acquiring animals from rescue organizations, as opposed to buying them from pet shops or breeders, is what animal adoption entails. Spaying and neutering are protective measures against various health issues and unplanned births in animals. For example, Shelter Animals Count, a US nonprofit coalition that manages a nationwide database of shelter animal data, reported in January 2024 that community dog intakes had increased by 10% from 2021 and 3% from 2022. Similarly, a national survey of pets and people conducted by Animal Medicines Australia (AMA), an organization representing the leaders of the animal health industry in Australia, found that 48% of households had dogs in 2022. Furthermore, the 2021–2022 APPA National Pet Owners Survey revealed that around 70% of all homes in America, amounting to 90.5 million households, own a pet. As such, the increasing rate of animal adoption is substantially contributing to the growth of the spay and neuter market.
What Key Areas Define The Segmentation Of The Global Spay And Neuter Market?
The spay and neuter market covered in this report 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
Subsegments:
1) By Dogs: Small Breeds, Medium Breeds, Large Breeds
2) By Cats: Domestic Short Hair, Domestic Long Hair, Pure Breeds
3) By Other Animals: Rabbits, Guinea Pigs, Ferrets
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How Are Emerging Trends Reshaping The Dynamics Of The Spay And Neuter Market?
The increasing popularity of product innovations is a notable trend in the spay and neuter market. Leading market participants are focusing on the introduction of cutting-edge and new products to fortify their standing in the market. To illustrate, Virbac, an animal health products and pharmaceuticals business located in France, launched VETERINARY HPM in July 2022. This is an exclusive line of nutritional food products designed especially for pets that have been spayed or neutered. These food products are formulated with unique ingredients to provide nutritional support for pets after undergoing these procedures.
Who Are the Key Players in the Spay And Neuter Market?
Major companies operating in the spay and neuter market include:
• CVS Group Plc
• VetPartners Group Limited
• Ethos Veterinary Health LLC
• PetIQ
• VCA Animal Hospitals Incorporated
• Veritas Veterinary Partners
• AniCura AB
• Companions Spay & Neuter
• Petco Animal Supplies Inc.
• Naoi Animal Hospital
• Houston Humane Society
• East Valley Veterinary Clinic
• Animal Spay-Neuter Clinic
• Chisholm Trail Veterinary Clinic
• Low-Cost Spay/Neuter Clinics - NHSPCA
• Oakdale Veterinary Group
• PetIQ
• Queen City Animal Hospital
• Suveto Veterinary Health Hospital
• Thornhill Veterinary Clinic
• Veritas Veterinary Partners
• VetPartners Group Limited
• Willow Rock Pet Hospital
What Is The Most Dominant Region In The Spay And Neuter Market?
North America was the largest region in the spay and neuter market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global spay and neuter market report during the forecast period. The regions covered in the spay and neuter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
