With the emergence and long-term Impact of COVID-19, the Global Spay and Neuter Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Spay and Neuter Market is poised to raise up to USD XX Billion by 2030. Spay and neuter, also known as surgical sterilization, is a surgical procedure performed on animals, typically cats and dogs, to remove their reproductive organs. Spaying and neutering are commonly recommended by veterinarians and animal welfare organizations as an effective method of population control and responsible pet ownership. Additionally, the Spay and Neuter market is experiencing growth due to various factors, including the growing demand for spay/neutering procedures and the increasing rates of pet adoption.
The opening of animal clinics has led to a significant rise in the number of spaying and neutering procedures in 2021 compared to the previous year, thereby boosting the market growth during the estimated period. According to a study published by Frontiers Media S.A. in September 2022, there were 212 spay and neuter clinics in the United States that collectively performed a total of 1,184,274 surgeries. This indicates an 11.8% increase compared to the 1,059,388 surgeries conducted in 2020.
Additionally, lucrative growth opportunities in the Spay And Neuter Market are being facilitated by several factors such as rise in public and private entities initiatives from aimed at controlling pet overpopulation and the increasing awareness among pet owners. However, reluctance or resistance from pet owners to opt for spaying or neutering procedures, and potential misconceptions or misinformation about the risks associated with the surgeries are factors responsible for impeding market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Spay and Neuter Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing adoption of pets from animal shelters and the widespread acceptance and implementation of spay/neutering procedures within these facilities. The region’s proactive approach toward pet population control and responsible pet ownership has contributed to its dominant position in the market.
Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the growing awareness of pet spay/neutering procedures among pet owners in the region and the emergence of a larger number of local market players. These factors collectively contribute to the rapid expansion of the Spay And Neuter Market in the Asia Pacific region.
The global Spay and Neuter Market is highly competitive owing to the presence of several key manufacturers such as Boehringer Ingelheim Animal Health, Merck Animal Health, Zoetis Inc., Bayer AG, IDEXX Laboratories, Inc., Virbac, VCA Inc. and others.
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Key findings of the study suggest:
- Global Spay and Neuter Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the species segment, cats emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to widespread acceptance and implementation of spay/neutering procedures within these facilities.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
- Veterinary Hospitals
- Veterinary Clinics
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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