Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Pet Microchips Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.2% during the review period (2022 to 2027).
Pet Microchips Market Overview
The pet microchips market is witnessing growth as various chip manufacturers are focusing on improving chip capabilities and are adding various other functionalities, such as the ability to program the chip to open the door to your dog only when your dog approaches. This can further help in keeping out stray critters that may find their way to the home. Moreover, some manufacturers are providing lost pet alerting services and travel assistance for folks who like to take their pets along on holidays.
Based on the Pet Microchips market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Life Sciences. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Pet Microchips during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The report also assesses the key opportunities in the Pet Microchips market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Pet Microchips Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Industry News:
July 21, 2021:Michelson Found Animals Foundation (“Michelson Found Animals”), a Los Angeles-based animal welfare organization, today announced that it has reached a definitive agreement with Pethealth Inc. (“Pethealth”), a leading provider of pet insurance, lost pet recovery and shelter management software in the United States, Canada and the United Kingdom, for the acquisition of its microchip registry operations.
Who are the Major Players in Pet Microchips Market?
Top Key players in the Pet Microchips Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Pet Microchips Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Virbac, Animalcare, Microchip4Solutions, PeddyMark, EIDAP, Micro-ID, Cybortra Technology and others.
What are the major Applications, Types and Regions for Pet Microchips Market?
Pet Microchips Market is segmented based on the type, applications, companies and regions.
By Type, Pet Microchips Market has been segmented into
- 125 kHz Microchip
- 128 kHz Microchip
- 134.2 kHz Microchip
The end user’s industry application on Pet Microchips Market is,
Pet Microchips Market Regional Analysis:
North America region holds the main share in the global pet microchips market. The market growth in the region is endorsed to the growing spending on pets and the increasing demand for sophisticated technology among the tech-savvy pet owners. According to the American Pet Products Association, the US pet industry was USD 66.75 billion in 2016 and is estimated to reach USD 69.36 billion by 2017. The U.S. is dominating the pet microchips market in North America, due to the growing number of lost pets.The Asia Pacific region is projected to grow at the highest CAGR over the forecast period 2022-2027. This pet microchips market is growing due to the rising number of pets in countries such as China, Australia, and India, and the growing awareness about pet health in the region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Pet Microchips Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 3.2% during the review period (2022 to 2027).
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By Type
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- 125 kHz Microchip
- 128 kHz Microchip
- 134.2 kHz Microchip
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By Application
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By Companies
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Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Virbac, Animalcare, Microchip4Solutions, PeddyMark, EIDAP, Micro-ID, Cybortra Technology and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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124
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Pet Microchips Report
- Evaluate Pet Microchips market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Pet Microchips market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Pet Microchips Market is studied from 2017 - 2027.
What is the growth rate of Pet Microchips Market?
The Pet Microchips Market is growing at a CAGR of 3.2% over the next 5 years.
Who are the leading key players in Pet Microchips Market?
Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Virbac, Animalcare, Microchip4Solutions, PeddyMark, EIDAP, Micro-ID, Cybortra Technology and others.
What regions regions does this Pet Microchips Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Pet Microchips Market?
125 kHz Microchip, 128 kHz Microchip, 134.2 kHz Microchip
What are the significant Applications of Pet Microchips Market?
Horse, Dogs, Cats, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
