Spay and Neuter Market - By Animal Type (Dogs, Cats), Provider (Veterinary Clinic, Veterinary Hospital), Global Forecast, (2023-2032)

Spay and Neuter Market - By Animal Type (Dogs, Cats), Provider (Veterinary Clinic, Veterinary Hospital), Global Forecast, (2023-2032)

Spay and Neuter Market Size

Spay And Neuter Market size was valued at USD 2.2 billion in 2022 and is expected to reach USD 3.6 billion by 2032, registering a CAGR of 4.7% during the forecast period. High growth can be attributed to surging awareness among pet owners pertaining to multitude of benefits associated with spaying and neutering their animals.

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For instance, spaying and neutering not only helps in controlling the pet population but also contributes to better pet health and reduces the risk of certain diseases and behavioural problems. Secondly, the expansion of mobile spay, and neuter clinics has played a crucial role in reaching out to a broader audience, especially in remote areas where access to veterinary services may be limited, thereby driving market growth. Furthermore, continuous advancements in spay and neuter surgical procedures have led to improved techniques and outcomes, minimizing risks and recovery times for the animals, thereby further boosting the market growth.
 

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Spaying and neutering are surgical procedures performed on animals, typically cats and dogs, to prevent them from reproducing. Spaying is the surgical procedure performed on female animals to remove their ovaries and, in most cases, their uterus. The technical term for spaying in females is "ovariohysterectomy”. Neutering refers to the surgical procedure performed on male animals to remove their testicles. The technical term for neutering in males is "castration."

COVID-19 Impact

The COVID-19 pandemic had a negative impact on the spay and neuter market. Increasing lockdown restrictions, suspension of non-essential surgeries, and shortage of trained healthcare professionals in clinics and shelters were some of the major contributors to the decrease in the spay and neutering surgeries during the pandemic. For instance, as per a study published by Frontiers Media S.A in September 2022, a decrease in the total number of surgeries from 1.2 million in 2019 to 1.0 million in 2020 in the U.S. This decline in demand impacted the market growth. However, in the latter half of 2021, there was a surge in pet adoption, resulting in an increased need for spaying and neutering services to control pet populations. This shift in demand created opportunities for clinics to adapt and expand their offerings.

Spay and Neuter Market Trends

The growing awareness about the benefits of spaying and neutering has emerged as a significant driver in the market. As pet owners and animal welfare organizations become more informed about the positive impact of these procedures, there has been a noticeable shift in attitudes towards responsible pet ownership. Spaying and neutering not only prevent unwanted litters, reducing the burden on animal shelters and strays, but they also contribute to the overall health and well-being of pets. Medical research has shown that these procedures can lower the risk of certain cancers and behavioural issues in animals. With an increasing focus on promoting animal welfare and curbing overpopulation, the demand for spaying and neutering services is expected to surge, leading to a thriving market that provides accessible and affordable options to pet owners seeking to do their part in creating a more humane and sustainable society.

Spay and Neuter Market Restraint

The risks associated with spay and neuter surgeries may act a barrier to the overall market growth. While these procedures are commonly performed to control pet overpopulation and prevent certain health issues, they are not without their inherent risks. Surgical complications, anaesthesia-related problems, and post-operative infections are some of the prominent risks that may reduce the adoption of such procedures. Moreover, some pet owners worry about potential changes in their pets' behaviour or long-term health effects following these procedures. As a result, these concerns have led to a certain degree of hesitancy among pet owners, impacting the demand for spay and neuter services, thereby impeding the market growth to some extent.

Spay and Neuter Market Analysis

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By animal type, the spay and neuter market is classified dogs, cats, and other animals. The dogs segment is further categorized into spaying and neutering. The dog segment dominated the market in 2022, with a market share of 64.3%. With a substantial and ever-growing population of canine companions, the demand for spaying and neutering services for dogs is expected to surge. Also, increasing awareness among pet owners about the benefits of these procedures, such as curbing overpopulation, reducing health risks, and promoting responsible pet ownership has further increased the adoption of such surgeries. Moreover, veterinary clinics and animal welfare organizations have actively promoted and encouraged spaying and neutering campaigns, thereby further contributing to the segment's dominance. As a result, businesses focusing on providing spay and neuter services for dogs have flourished, thus aiding in high segmental growth.

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By provider, the market is segmented into veterinary clinics, veterinary hospitals, and research centres and academia. The veterinary clinics segment held a revenue of USD 1,235.9 million in 2022 and is anticipated to witness significant growth over the analysis timeframe. Key factors contributing to the high share include a higher volume of patients and competitive pricing options offered by the veterinary clinics. Veterinary clinics, with their specialized expertise and state-of-the-art facilities and advanced veterinary surgical instruments have become the go-to-choice for pet owners seeking these essential procedures. Their ability to offer comprehensive pre-operative assessments, safe surgical procedures, and post-operative care has instilled confidence among pet owners, further contributing to their market dominance. Moreover, several clinics have adopted proactive marketing strategies and expanded their services to include affordable packages, fostering greater accessibility and affordability for a broader range of pet owners. As a result, the veterinary clinic segment continues to maintain its dominant market share.

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North America dominated the spay and neuter market in 2022, with a revenue of USD 913.2 million and is anticipated to grow at a CAGR of 5.1% between 2023 – 2032. The increasing awareness coupled with the growing emphasis on animal welfare has played a pivotal role in driving the demand for spaying and neutering services across the region. Also, advancements in veterinary medicine and surgical techniques have made these procedures safer and more accessible to pet owners. Further, numerous animal welfare organizations and local authorities have been actively promoting spay and neuter campaigns to address the issue of pet overpopulation. Lastly, high expenditure on animal healthcare in the region further aids in market growth. As a result of these combined efforts, the market has witnessed high market share in the region.

Spay and Neuter Market Share

Major market players operating in the spay and neuter market

• Companions Spay & Neuter
• Petco Animal Supplies, Inc.
• Animal Spay-Neuter Clinic
• East Valley Veterinary Clinic
• Naoi Animal Hospital
• Indian Street Animal Clinic
• Brown Veterinary Hospital
• Houston Humane Society
• S/Nipped Clinic
• Auburn Valley Humane Society
• Fix Long Beach
• Holt Road Pet Hospital

These industry players majorly adopt various strategies including collaborations, acquisitions, mergers, and partnerships to create a global footprint and sustain market competition.

Spay and Neuter Industry News

• In September 2022, the Delaware Humane Association (DHA) and Delaware SPCA merged together to form Humane Animal Partners (HAP) to offer a range of services, including temporary housing and adoption services, community services such as low-cost spay/neuter, veterinary care, and vaccination clinics. This strategy helped the companies to combine their expertise and expand their service portfolio.
• In February 2021, the Auburn Valley Humane Society and Northwest Spay and Neuter Center announced a collaborative merger aimed to provide spaying and neutering services at a comparatively low cost in the U.S. This strategy helped the companies to stabilize their funding streams through total animal impact.

The spay and neuter market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments

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By Animal Type

• Dogs
  • Spaying
  • Neutering
• Cats
  • Spaying
  • Neutering
• Other Animals
  • Spaying
  • Neutering

By Provider

• Veterinary clinics
• Veterinary hospitals
• Research centers and academia

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA