Market Trends of Spay and Neuter Industry
Cat Segment is Anticipated to Contribute 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 2021.
- Furthermore, the lower cost of birth control surgery procedures for cats as compared to dogs is also fueling the adoption rate of spaying and neutering for cats. According to an article published by CNET in July 2021, the average cost of spaying or neutering a dog ranged from USD 200 to USD 800, whereas it was only USD 200 for cats.
- Therefore, taking into account the aforementioned factors, the cat segment is expected to capture a significant market share during the study period.
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North America Contributed to the Largest 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 2021, which showed a significant increase in spay and neuter surgeries compared to the previous year. The organization reported 482 female dog spays, 1166 female cat spays, 551 male dog neuters, and 969 male cat neuters. This trend is anticipated to continue fueling market growth in North America in the near future.
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