Spay And Neuter Market Size (2024 - 2029)

Spay And Neuter Market Analysis

The Spay And Neuter Market is expected to register a CAGR of 3.80% during the forecast period.

• Increasing pet adoption is one of the major factors expected to drive market growth over the forecast period. For instance, according to the 2023 update by Shelter Animals Count, of the animals in shelters and rescues in 2023, 4.8 million were adopted by various households.
• Mergers and acquisitions among key players for offering better spay and neuter services to companion animals, rising initiatives by non-profit organizations for spaying and neutering shelter animals, and increasing awareness among the general population for spaying and neutering are contributing significantly to the growth of the market. For instance, in September 2022, the Delaware Humane Association (DHA) and Delaware SPCA partnered to form Humane Animal Partners (HAP) to offer temporary housing and adoption services and community services such as low-cost spay/neuter, veterinary care, and vaccination clinics.
• The new organization also offers free pet food pantries, restricts duplication of services, and gives easy access to animal services in Delaware, resulting in the increasing adoption rate of spay and neuter procedures among the general population.
• Moreover, the increasing initiatives by non-profit organizations to raise awareness for spay and neuter procedures in companion animals and their health benefits are fueling the adoption rates of these surgeries. According to an article published by Ruffle Snuffle in January 2023, World Spay Day was celebrated on February 28, 2023, to raise awareness about animal birth control and the health benefits associated with it for pets among the general population. This resulted in higher demand and adoption of these birth control surgeries, which is expected to boost the market's growth.
• Along with this, the availability of low-cost or free spay and neuter services offered by a number of non-profit organizations is also contributing to the growth of the market. For instance, Candid, a non-profit organization in the United States, completed approximately 27,943 spay and neuter surgeries in 2022 with minimal or no cost.
• However, certain health risks, including incontinence and tumor development in animals, are limiting the adoption rate of spaying and neutering. Despite this, the abovementioned factors are attributed to the growing demand for and adoption of spay and neuter surgeries during the study period and have been instrumental in the growth of the market.

Spay And Neuter Industry Segmentation

As per the scope of this report, spaying and neutering are birth control techniques for male and female companion animals, which also assist in a longer life cycle for them.

The spay and neuter market is segmented by species, providers, and geography. By species, the market is segmented into dogs, cats, and others. By providers, the market is segmented into veterinary hospitals and veterinary clinics. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (USD) for the above segments.