Spay and Neuter Market Size

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.