Global Pet Microchips Market Growth 2023-2029

Global Pet Microchips Market Growth 2023-2029

A microchip is a computer chip enclosed in a small glass cylinder (about the size of a grain of rice) that is injected under pet’s skin as a means of identification. Each microchip is connected to an online registry of owner contact information. In the event that pet is lost and taken to a shelter or veterinary hospital, he will be scanned for a microchip. If the contact information on file is up to date, the pet’s owner can be quickly notified and reunited with their pet. Microchipping a pet is a quick and simple procedure. The chip is inserted under a pet’s skin, usually around the scruff of the neck, using a needle. It takes seconds. Pets can be checked for a microchip using a handheld electronic device, called a scanner. When this is waved over the PET’s neck, the scanner will recognise the unique information held inside the chip. The microchips presently used in pets only contain identification numbers. No, the microchip is not a GPS device and cannot track your animal if it gets lost. Although the present technology microchip itself does not contain your pet's medical information, some microchip registration databases will allow you to store that information in the database for quick reference.
LPI (LP Information)' newest research report, the “Pet Microchips Industry Forecast” looks at past sales and reviews total world Pet Microchips sales in 2022, providing a comprehensive analysis by region and market sector of projected Pet Microchips sales for 2023 through 2029. With Pet Microchips sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pet Microchips industry.
This Insight Report provides a comprehensive analysis of the global Pet Microchips landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pet Microchips portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Pet Microchips market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pet Microchips and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pet Microchips.
The global Pet Microchips market size is projected to grow from US$ 390.3 million in 2022 to US$ 511.6 million in 2029; it is expected to grow at a CAGR of 511.6 from 2023 to 2029.
Global Pet Microchips key players include Pethealth Inc, HomeAgain, Bayer, AVID Identification Systems, Datamars, etc. Global top five manufacturers hold a share about 35%. North America is the largest market, with a share about 55%, followed by Europe, with a share about 30 percent. In terms of product, 134.2 kHz Microchip is the largest segment, with a share about 75%. And in terms of application, the largest application is Cats, followed by Horses, Dogs, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Pet Microchips market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
125 kHz Microchip
128 kHz Microchip
134.2 kHz Microchip
Segmentation by application
Horse
Dogs
Cats
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allflex
Bayer
Pethealth Inc.
HomeAgain
AVID Identification Systems
Datamars, Inc.
Trovan, Ltd.
Virbac
Animalcare, Ltd.
AKC Reunite
Microchip4Solutions Inc.
PeddyMark
EIDAP Inc.
Micro-ID, Ltd.
Cybortra Technology
HALO Animal Rescue
PetKey
K9 Microchips
911PetChip
InfoPet
Key Questions Addressed in this Report
What is the 10-year outlook for the global Pet Microchips market?
What factors are driving Pet Microchips market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pet Microchips market opportunities vary by end market size?
How does Pet Microchips break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.