Market Size of Spay and Neuter Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Spay And Neuter Market Analysis
The spay and neuter market is projected to register a CAGR of 3.8% during the forecast period.
- The COVID-19 pandemic had a significant 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, a study published by Frontiers Media S.A. in September 2022 among 212 spay-neuter clinics in the United States reported a decrease in the total number of surgeries from 1,217,240 in 2019 to 1,059,388 in 2020.
- Furthermore, increasing pet adoption during the pandemic coupled with a shortage of veterinarians is resulting in a supply-demand gap in veterinary care and appointments during the pandemic. According to an article by the Veterinary Specialty Center of Tucson in 2021, there was a sharp increase of 70% in pet adoption in the United States during the pandemic, resulting in the unavailability of slots for spaying and neutering procedures in pet clinics.
- However, the ease of lockdown restrictions, along with the reopening of animal clinics, resulted in an increasing number of spaying and neutering procedures in 2021 compared to 2020, boosting the market after the COVID-19 pandemic. The same study published by Frontiers Media S.A. in September 2022 reported that 212 spay and neuter clinics in the United States performed a total of 1,184,274 surgeries, an increase of 11.8% compared to 1,059,388 in 2020.
- 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 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.
- The new organization also offers free pet food pantries, restrict duplication of services, and gives easy access to animal services across the Delaware region, 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 28th February 2023, with the aim of raising awareness about animal birth control and the health benefits associated with it for pets among the general population. This results in higher demand and adoption of these birth control surgeries and boosts 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 Spay and Neuter during the study period. Despite this, the above-mentioned factors are attributed to the growing demand 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 (dogs, cats, and others), providers (veterinary hospitals, veterinary clinics), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).
The report offers the value (in USD million) for the above segments.
| By Species | |
| Dogs | |
| Cats | |
| Others |
| By Providers | |
| Veterinary Hospitals | |
| Veterinary Clinics |
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Spay and Neuter Market Size Summary
The spay and neuter market is experiencing a steady growth trajectory, driven by increasing awareness and initiatives aimed at controlling pet overpopulation. The market's expansion is supported by various factors, including mergers and acquisitions among key players, non-profit organizations' efforts to promote spaying and neutering, and the availability of low-cost or free services. The COVID-19 pandemic initially disrupted the market due to lockdowns and a shortage of veterinary professionals, but the easing of restrictions and reopening of clinics led to a resurgence in procedures. The market is characterized by a fragmented landscape with several major players, such as Companions Spay & Neuter and Petco Animal Supplies, Inc., leading the charge in providing these essential services.
North America holds a dominant position in the global spay and neuter market, fueled by a growing number of pet owners and heightened awareness of the benefits of these procedures. The region's market growth is further bolstered by collaborations between organizations like the Willamette Humane Society and Oregon Humane Society, which offer advanced spaying and neutering services. The cat segment, in particular, is expected to capture a significant market share due to the lower cost of procedures compared to dogs and the increasing number of cat adoptions. Despite some health risks associated with spaying and neutering, the overall demand for these surgeries continues to rise, contributing to the market's positive outlook.
Spay and Neuter Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Mergers and Acquisition Among the Key Players
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1.2.2 Availability of Support from Non-Profit Organisations
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1.3 Market Restraints
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1.3.1 Risks Associated with Spay and Neutering
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Species
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2.1.1 Dogs
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2.1.2 Cats
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2.1.3 Others
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2.2 By Providers
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2.2.1 Veterinary Hospitals
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2.2.2 Veterinary Clinics
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Spay and Neuter Market Size FAQs
What is the current Spay and Neuter Market size?
The Spay and Neuter Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Spay and Neuter Market?
Companions Spay & Neuter, Petco Animal Supplies, Inc., Naoi Animal Hospital, Houston Humane Society and East Valley Veterinary Clinics are the major companies operating in the Spay and Neuter Market.
