The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s spay and neuter market report forecasts the spay and neuter market size to grow to $2.6 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

Learn More On The Spay And Neuter Market Report 2023 – https://www.thebusinessresearchcompany.com/report/spay-and-neuter-global-market-report

Spay And Neuter Market Size Forecast
The global spay and neuter market is expected to grow from $2.11 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global spay and neuter market size is expected to reach $2.6 billion in 2027 at a CAGR of 4.7%.

North America held the largest spay and neuter market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Spay And Neuter Market Driver ­– Increase In Pet Adoption
According to Chewy, Inc., a US-based online retailer of pet food and other products, there were approximately 977,202 pets adopted in the US in 2021, resulting in the highest adoption rate of 61% in the previous six years. For example, according to a national survey of pets and humans published in November 2022 by Animal Medicines Australia (AMA), an Australia-based industry organisation representing the leaders of the animal health industry in Australia, 48% of households had dogs in 2022, up from 40% in 2019. According to the APPA National Pet Owners Survey 2021-2022, 90.5 million American families, or around 70% of all dwellings, own a pet. As a result, the increase in the rate of animal adoption is propelling the expansion.

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Key Spay And Neuter Market Trend – Product Innovations
Major market players are focusing their efforts on introducing new and advanced goods in order to strengthen their market position. For example, in July 2022, Virbac, a French business specialising in animal health products and pharmaceuticals, developed VETERINARY HPM®, a unique nutritional line of food items designed exclusively for spayed and neutered pets. This food line is developed with specific resources to provide nutritional content for pets that have had spaying and neutering procedures.

Spay And Neuter Market Segment
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

Spay And Neuter Market Major Players and Strategies
Major players in the spay and neuter market are CVS Group Plc, VetPartners Group Limited, Ethos Veterinary Health LLC, PetIQ, Covetrus, Inc., Zoetis Inc., VCA Animal Hospitals, Veritas Veterinary Partners, AniCura AB, and Dash Solutions.

Auburn Valley Humane Society, a US-based animal shelter, will merge with Northwest Spay & Neuter Centre in February 2021. This merger benefited animal lives in Washington and boosted the state’s total animal impact through stabilised financial streams. The merger assisted the organisations in diversifying, becoming more financially stable, and broadening their grant and funding eligibility. Northwest Spay & Neuter Centre is a clinic in the United States that provides low-cost spay and neuter services.

The Spay And Neuter Global Market Report 2023 covers regional data on spay and neuter market size, spay and neuter market trends and drivers, opportunities, strategies, and spay and neuter market competitor analysis. The countries covered in the spay and neuter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Spaying and neutering are medical procedures used to prevent cats and dogs from reproducing. A spay is the removal of the ovaries, fallopian tubes, and uterus from a female cat or dog, whereas a neuter is the removal of the testes from a male dog or cat.

View More Reports Related To The Spay And Neuter Market –
Animal Antibiotics And Antimicrobials Global Market Report 2023
Veterinary Infectious Disease Diagnostics Global Market Report 2023
Probiotics In Animal Feed Global Market Report 2023

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