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Global Spay and Neuter Market to 2030: Increasing Awareness Regarding the Benefits of Spay/ Neuter Procedures Drives Growth - ResearchAndMarkets.com

The "Spay And Neuter Market Size, Share & Trends Analysis Report By Animal Type (Dogs, Cats), By Provider (Veterinary Clinics & Hospitals), By End-use (Animal Welfare Groups, Pet Owners), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global spay and neuter market size is expected to reach USD 3.06 Billion by 2030 and is expected to expand at 4.16% CAGR from 2023 to 2030.

The key factors driving the growth include a growing number of spay and neuter surgeries in key markets. Other factors such as increased expenditure on pets, increased awareness about pet population control, and increased government initiatives also remain strong growth drivers.

According to the American Pet Products Association (APPA), companion animal expenditure reached USD 123.6 billion in the U.S. in 2021, rising from USD 103.6 billion in 2020, increasing by about 19%. This increase in animal spending has impacted all areas of pet care including spending on various surgical procedures such as spay and neutering.

The COVID-19 pandemic resulted in significant growth in the overall pet industry. The market witnessed a surge in pet ownership and increased animal spending. During the COVID-19 pandemic, lockdowns were imposed due to the pandemic in several key markets. Many veterinary healthcare providers suspended non-essential surgeries including routine neutering and spaying surgeries.

According to a study published in September 2022, by the University of Florida, there was a deficit of about 2.7 million spay and neuter surgeries in the U.S. between 2019 and 2021 because of the pandemic and its control measures. The market has, however, recovered gradually during 2021 & 2022 and is expected to grow steadily during the forecast period.

The growing awareness regarding pet overpopulation is expected to contribute to market growth in the coming years. According to the PETA organization, within just six years, a single female dog and her offspring can produce 67,000 puppies. As per the same source, a single female cat and its offspring can produce 370,000 kittens in seven years.

This could lead to a massive surge in the population of puppies and kittens in animal shelters as there are not enough homes to house these pets. Hence, pet owners and animal welfare groups continue to opt for spay and neuter services to avoid the risk of overpopulation. This is estimated to propel the growth of the market.

Spay And Neuter Market Report Highlights

  • The spay and neuter industry was valued at USD 2.23 billion in 2022 and is expected to grow at 4.16% CAGR during the forecast period
  • Based on animal type, the dogs segment accounted for the largest revenue share of about 60% in 2022. This can be attributed to the increasing adoption of dogs as pet animals, especially in key markets such as the U.S.
  • Based on provider, the veterinary clinics and hospitals segment held the largest share of the market in 2022 as most of the spay/ neuter surgeries are performed at these facilities
  • Based on end-use, the animal welfare group segment, comprising shelters and rescue groups, accounted for the largest revenue share in 2022. The pet owners segment is expected to grow at the fastest CAGR of 4% during the forecast period.
  • According to the Humane Society of the U.S., there are approximately 70 million strays in the U.S. An estimated 5 million to 7 million animals end up in one of country's 3,500 shelters every year
  • North America contributed to the largest share of about 40% of the market by region in 2022 while Asia Pacific is expected to grow at the fastest CAGR of nearly 6% during the forecast period.

Key Attributes:

Report Attribute Details
No. of Pages 150
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $2.23 Billion
Forecasted Market Value (USD) by 2030 $3.06 Billion
Compound Annual Growth Rate 4.1%
Regions Covered Global

Key Topics Covered:

Chapter 1 Research Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Spay And Neuter Market: Market Variables Trends & Scope

3.1 Market Lineage Outlook

3.1.1 Parent Market Analysis

3.1.2 Ancillary Market Analysis

3.2 Covid-19 Impact Analysis

3.3 Market Dynamics

3.3.1 Market Driver Analysis

3.3.1.1 Growing Pet Humanization & Expenditure

3.3.1.2 Increasing Awareness Regarding The Benefits Of Spay/ Neuter Procedures

3.3.1.3 Supportive Initiatives By Public/ Private Organizations

3.3.2 Market Restraint Analysis

3.3.2.1 Risk Associated With Spay And Neuter Surgeries

3.3.2.2 Regulations/ Cultural Beliefs Against Spay And Neuter Surgeries In Some Countries

3.3.3 Market Opportunity Analysis

3.3.4 Market Challenge Analysis

3.4 Industry Analysis

3.5 Estimated Animal Population, 2018 - 2022, By Key Species & Key Countries

3.6 Regulatory Landscape

3.7 Pricing Analysis

Chapter 4 Spay And Neuter Market: Animal Type Analysis

Chapter 5 Spay And Neuter Market: Provider Analysis

Chapter 6 Spay And Neuter Market: End-Use Analysis

Chapter 7 Spay And Neuter Market: Regional Market Analysis, 2018 - 2030 (USD Million)

Chapter 8 Spay And Neuter Market - Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/kueht0

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