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

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format

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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.
 

Spay and Neuter Market Report Attributes
Report Attribute Details
Base Year 2022
Spay and Neuter Market Size in 2022 USD 2.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.7%
2032 Value Projection USD 3.6 Billion
Historical Data for 2018 to 2022
No. of Pages 210
Tables, Charts & Figures 297
Segments covered Animal Type, Provider, and Region
Growth Drivers
  • Growing awareness about the benefits of spaying and neutering
  • Expansion of mobile spay and neuter clinics
  • Advancement in the spay and neuter surgical procedures
  • Supportive initiatives by public/ private organizations
Pitfalls & Challenges
  • Risk associated with spay and neuter surgeries
  • Regulations/ cultural beliefs against spay and neuter surgeries in some countries

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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

During the COVID-19 pandemic, it became harder for our furry friends to get the surgeries they needed. Lockdowns meant that vet clinics were closed or offering only emergency services. Even when they were open, there weren't enough vets and nurses to go around. It was especially tough for animal shelters, who typically spay and neuter all the animals they take in. But with reduced staff and a shortage of available vets, they had to cut back. For example, in the US, the number of spay and neuter surgeries dropped by 200,000 from 2019 to 2020. That's a big difference! But then something interesting happened. In the second half of 2021, lots of people started adopting pets. With more pets in homes, the demand for spay and neuter surgeries went up again. This change in demand gave vet clinics a chance to bounce back and even offer more services. It showed that even in tough times, our love for our furry companions doesn't go away.

Spay and Neuter Market Trends

More and more people are realizing how important it is to spay and neuter their pets. It's become a trend in the pet care industry, and it's all about responsible pet ownership. When pets are spayed or neutered, it's not just about preventing unwanted litters and overcrowded animal shelters. It's also about making sure your furry friend stays happy and healthy. These procedures can lower the risk of certain cancers and behavioural problems. So, as more and more pet owners and animal welfare groups learn about the benefits of spaying and neutering, there's a growing demand for these services. It's all part of making sure our pets live long, healthy lives and that we're doing our part to reduce pet overpopulation.

Spay and Neuter Market Restraint

Hold on a sec! Even though spaying and neutering are great ways to stop pet overpopulation and prevent health problems, they do come with some risks that can make people think twice about doing them. During surgery, things can go wrong, like bleeding or infections. Also, the anesthesia used can cause problems like breathing difficulties or even death. And after surgery, there's a chance of pain, swelling, or infections. Plus, some pet owners worry that spaying or neutering could change their pet's personality or affect their health in the long run. All these concerns have made some pet owners hesitate to get their furry friends fixed, which has slowed down the number of spays and neuters being done. And that's put a bit of a damper on the growth of the market for these services.

Spay and Neuter Market Analysis

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Let's talk about the pet surgery market, where the main players are dogs, cats, and all other animals. The biggest chunk of the market belongs to dogs, which are then split into surgeries for female dogs (spaying) and surgeries for male dogs (neutering). Dogs have been the clear winners in this market, taking up a whopping 64.3% share in 2022. We've got a lot of dog lovers out there, and with more and more people bringing dogs into their lives, the need for spaying and neutering is only going to keep growing. Pet owners these days are also getting more clued up on the perks of these surgeries. They know that spaying and neutering helps control the number of unwanted animals, cuts down on health problems for their furry friends, and makes for responsible pet ownership. Not to be left out, vets and animal welfare groups have been pushing hard for spaying and neutering, running campaigns to make sure our pets get the care they need. Thanks to all their efforts, the dog surgery market has been booming, with businesses offering these services seeing a nice chunk of the profits.

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The market for veterinary surgical instruments is divided into different types of providers, including clinics, hospitals, research centers, and universities. Veterinary clinics are like the neighborhood doctor's office for pets. They usually see a lot of patients, and they offer a wide range of services at affordable prices. That's why they've been the top choice for pet owners who need surgical procedures for their furry friends. These clinics have the latest equipment and highly trained vets, so they can take care of even the most complex surgeries. They also offer everything your pet needs before, during, and after surgery, which makes it easy and convenient for pet owners. Plus, many clinics are now offering special packages and discounts to make their services more accessible and affordable. That's why veterinary clinics are expected to keep growing and dominating the market in the future.

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In 2022, North America was the undisputed leader in the pet sterilization market, bringing in a whopping $913.2 million. And guess what? It's expected to keep growing steadily over the next few years. Why the surge in popularity? Well, people are becoming more aware of the importance of pet health and well-being. Spaying and neutering are hugely beneficial, preventing unwanted litters and a host of health problems down the road. Vets are also making these procedures safer and more convenient, so more pet owners are opting for them. Plus, animal welfare groups and local governments are running campaigns to encourage pet sterilization, tackling the issue of pet overpopulation. And let's not forget that pet owners in this region spend big bucks on their furry friends, which has undoubtedly contributed to the growth of this market.

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

 

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