Market Trends of Spay And Neuter Industry
Cat Segment is Anticipated to Record a Significant Share of the Market
- During the study period, spay and neuter surgeries for cats have been found to contribute significantly to the market, driven by the increasing number of cat adoptions from shelters, streets, friends, and family. This dominance in the market can be attributed to the various species of cats. For instance, a report by WATT Global Media showed that approximately 539,015 cats were adopted in 2022 in the United States, a significant increase from 528,526 in the previous year.
- Furthermore, the lower cost of birth control surgeries for cats compared to dogs is also fueling the adoption rate of spaying and neutering for cats. Also, the most common elective procedures conducted in cats are spaying and neutering. For instance, as per the article published in September 2023 in the BMC Veterinary Research Journal, researchers compared the feasibility and practicality of the ovariohysterectomy (OHE) technique in cats with/without a spay hook with respect to the surgical time, incision size, surgical variables, and intra- and postoperative pain. Thus, these studies demonstrate the utilization of spay procedures in cats, which is likely to facilitate the segment’s growth over the forecast period.
- Therefore, taking into account the aforementioned factors, the cat segment is expected to capture a significant market share during the forecast period.
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North America to Register Significant Market Share During the Forecast Period
- North America holds a dominant position in the global spay and neuter market. This is due to the increasing number of pet parents and rising awareness of spay and neuter techniques, leading to a growing number of surgeries. For example, a 2023 article by PetKeen reported that 54% of millennials in Canada identified as pet parents, leading to a rise in the number of pets in households and, subsequently, increasing the number of spay and neuter surgeries.
- The growing demand for surgical procedures in the region is further exemplified by data from the Ontario SPCA in December 2023. Ontario SPCA's veterinary clinic services spayed/neutered 7,500 dogs and cats and administered vaccinations to over 500 animals in 2023.
- As per the same source, in 2023, a notable achievement was Ontario SPCA's accreditation by the College of Veterinarians of Ontario to operate MASH-style clinics, providing remote area companion animal mobile services. This initiative facilitated the spaying or neutering of 410 animals, a crucial service many of these animals would have otherwise missed out on.
- These crucial services not only enhance the lives of animals but also resonate with their caring owners. This trend is anticipated to continue fueling market growth in North America in the near future.
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