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How has the spay and neuter market size evolved in recent years?

In the past few years, we have seen a consistent increase in the size of the spay and neuter market. It is expected to escalate from $2.34 billion in 2024 to $2.44 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the historic period is tied to factors like the surge in pet population, public awareness programs, regulatory steps, advancements in veterinary medicine, concerns about animal welfare, and overpopulation issues.

What are the predictions for the spay and neuter market size in the coming years?

Predictions suggest a consistent expansion in the spay and neuter market over the forthcoming years, reaching a market size of “$2.97 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. This anticipated growth during the forecast period can be credited to worldwide health issues, the proliferation of mobile clinics, educational initiatives, government backing, and partnerships with nonprofit organizations. Key trends during this period are likely to be advancements in veterinary treatments, increased public awareness and education, initiatives by government and NGOs, emphasis on animal welfare, and innovations in sterilization techniques.

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What key factors are fueling the growth of the spay and neuter market?

The surge in pet adoption will fuel the expansion of the spay and neuter market. Animal adoption involves acquiring pets through rescue groups rather than buying them from pet stores or breeders. Spaying and neutering are preventative measures used by pet owners to defend their pets against various diseases and unwanted pregnancies. For example, Shelter Animals Count, a nonprofit coalition in the US that maintains a database tracking shelter animal statistics, reported in January 2024 that the number of dogs being taken into communities had risen by 10% from 2021 and 3% from 2022. Moreover, a national survey conducted by Animal Medicines Australia (AMA), an industry body that represents the leaders in the Australian animal health industry, found in November 2022 that 48% of households had dogs in 2022. The 2021–2022 APPA National Pet Owners Survey further revealed that approximately 70% of all American households, totaling 90.5 million, owned a pet. As such, the spay and neuter market’s growth is being driven by the increasing rates of animal adoption.

How is the global spay and neuter market divided into key segments?

The spay and neuter market covered in this report is segmented –

1) By Animal Type: Dogs, Cats, Other Animals

2) By Provider Type: Veterinary Clinics And Hospitals, Other Providers

3) By End-User: Animal Welfare Groups, Pet Owners

Subsegments:

1) By Dogs: Small Breeds, Medium Breeds, Large Breeds

2) By Cats: Domestic Short Hair, Domestic Long Hair, Pure Breeds

3) By Other Animals: Rabbits, Guinea Pigs, Ferrets

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Who are the key firms paving the way for growth in the spay and neuter market?

Major companies operating in the spay and neuter market include CVS Group Plc, VetPartners Group Limited, Ethos Veterinary Health LLC, PetIQ, VCA Animal Hospitals Incorporated, Veritas Veterinary Partners, AniCura AB, Companions Spay & Neuter, Petco Animal Supplies Inc., Naoi Animal Hospital, Houston Humane Society, East Valley Veterinary Clinic, Animal Spay-Neuter Clinic, Chisholm Trail Veterinary Clinic, Low-Cost Spay/Neuter Clinics – NHSPCA, Oakdale Veterinary Group, PetIQ, Queen City Animal Hospital, Suveto Veterinary Health Hospital, Thornhill Veterinary Clinic, Veritas Veterinary Partners, VetPartners Group Limited, Willow Rock Pet Hospital

Which trends are expected to transform the spay and neuter market?

A significant trend gaining traction in the spay and neuter market is product innovations. Key players in the market are focusing on the launch of advanced and new products to bolster their market stance. Take for example, Virbac, a pharmaceutical and animal health products company based in France, which unveiled VETERINARY HPM in July 2022. This special nutritional line of food products, specifically crafted for spayed and neutered pets, uses unique ingredients to deliver essential nutritional benefits to pets post their spaying and neutering operations.

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What regions are contributing significantly to the growth of the spay and neuter market?

North America was the largest region in the spay and neuter market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global spay and neuter market report during the forecast period. The regions covered in the spay and neuter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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