Spay And Neuter Market 2030: The Role of Pet Owners in Pet Health
Spay And Neuter Market Growth & Trends The global spay and neuter market size is expected to reach USD 3.06 billion by 2030 and is expected to expand at 4.16% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the growth include a growing number of spay and neuter surgeries in key markets. Other factors such as increased expenditure on pets, increased awareness about pet population control, and increased government initiatives also remain strong growth drivers. According to the American Pet Products Association (APPA), companion animal expenditure reached USD 123.6 billion in the U.S. in 2021, rising from USD 103.6 billion in 2020, increasing by about 19%. This increase in animal spending has impacted all areas of pet care including spending on various surgical procedures such as spay and neutering. The COVID-19 pandemic resulted in significant growth in the overall pet industry. The market witnessed a surge in pet own...