Market Overview:
The global pet microchip market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing trend of pet ownership, rising awareness about pet identification and tracking, and growing demand for animal-centric services and products. Based on type, the global pet microchip market is segmented into 125 kHz microchips, 128 kHz microchips, and 134.2 kHz microchips. Of these, the 125 kHz microchip segment is expected to account for the largest share of the market in 2018 owing to its low cost and wide adoption across various applications such as horses, dogs, cats, and others. Based on application, the global petmicrochipmarket is divided into horses,, dogs,, cats,,and others (including small animals such as rabbits).
Product Definition:
A microchip is a small, electronic device that is implanted beneath the skin of an animal. The chip contains a unique identification number that can be read by a scanner. The number links the animal to its owner's contact information.
125 kHz Microchip:
125 kHz microchip is a special type of microchip that works on the principle of radio frequency (RF). It is used in various applications such as tracking and identification, medical implants, mobile communication devices, electronic tags for pets and security systems. 125 kHz Microchips are also known as RFID or Radio-frequency Identification chips. These are thin enough to be embedded into an object but can be detected by special readers.
128 kHz Microchip:
128 kHz Microchip is a small sized integrated circuit used in Pet Microchips. It can be programmed with special software to interact with the pet and perform certain tasks. These chips are implanted inside the pets and they can communicate through telemetry units with the help of radio frequency (RF) signals. The 128 kHz microchip implants inside dogs, cats, pigs, ferrets and other small animals to name a few.
Application Insights:
The others application segment includes birds, fish and other animals. The demand for microchips in the others segment is expected to witness a CAGR of XX% over the forecast period owing to increased use of microchips in pets, which have not been registered or vaccinated properly. Moreover, there has been an increase in number of pet thefts and animal cruelty cases across the world which has compelled authorities to mandate its use for prevention purposes only. As a result, this will further boost industry growth over the coming years.
Horse was one of the largest application segments with more than 25 million units sold globally in 2017 due largely to participation at various international events such as Olympics.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established veterinary healthcare infrastructure, high animal population, and increasing pet ownership are some of the major factors contributing to regional growth. Furthermore, according to a study conducted by the American Pet Products Association (APPA), approximately 68% of U.S households owned at least one dog while 44% household own cats in 2016.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income among consumers coupled with increasing awareness about pet microchipping services across emerging economies such as India and China amongst others.
The Middle East & Africa is also likely have significant potential for market expansion due its large animal population which includes camels, horses etc.
Growth Factors:
- Increasing demand for pet safety and security
- Growing trend of pet humanization
- Proliferation of microchip technology and its applications in pets
- Rising awareness about the benefits of pet microchips among veterinarians and pet owners alike
- Growing number of animal shelters that are using or recommending microchipping as a means to reunite lost pets with their families
Scope Of The Report
Report Attributes
Report Details
Report Title
Pet Microchips Market Research Report
By Type
125 kHz Microchip, 128 kHz Microchip, 134.2 kHz Microchip
By Application
Horse, Dogs, Cats, Others
By Companies
Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Virbac, Animalcare, Microchip4Solutions, PeddyMark, EIDAP, Micro-ID, Cybortra Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Pet Microchips Market Report Segments:
The global Pet Microchips market is segmented on the basis of:
Types
125 kHz Microchip, 128 kHz Microchip, 134.2 kHz Microchip
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Horse, Dogs, Cats, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pethealth
- HomeAgain
- Bayer
- AVID Identification Systems
- Datamars
- Trovan
- Virbac
- Animalcare
- Microchip4Solutions
- PeddyMark
- EIDAP
- Micro-ID
- Cybortra Technology
Highlights of The Pet Microchips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 125 kHz Microchip
- 128 kHz Microchip
- 134.2 kHz Microchip
- By Application:
- Horse
- Dogs
- Cats
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pet Microchips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pet microchips are a small, implanted device that can be used to identify and track the whereabouts of a pet in the event that it is lost or stolen. The chip typically contains a unique identification number as well as information about the pet's health and vaccination records.
Some of the major players in the pet microchips market are Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Virbac, Animalcare, Microchip4Solutions, PeddyMark, EIDAP, Micro-ID, Cybortra Technology.
The pet microchips market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pet Microchips Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pet Microchips Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pet Microchips Market - Supply Chain
4.5. Global Pet Microchips Market Forecast
4.5.1. Pet Microchips Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pet Microchips Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pet Microchips Market Absolute $ Opportunity
5. Global Pet Microchips Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pet Microchips Market Size and Volume Forecast by Type
5.3.1. 125 kHz Microchip
5.3.2. 128 kHz Microchip
5.3.3. 134.2 kHz Microchip
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pet Microchips Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pet Microchips Market Size and Volume Forecast by Application
6.3.1. Horse
6.3.2. Dogs
6.3.3. Cats
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pet Microchips Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pet Microchips Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pet Microchips Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pet Microchips Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pet Microchips Demand Share Forecast, 2019-2026
9. North America Pet Microchips Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pet Microchips Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pet Microchips Market Size and Volume Forecast by Application
9.4.1. Horse
9.4.2. Dogs
9.4.3. Cats
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pet Microchips Market Size and Volume Forecast by Type
9.7.1. 125 kHz Microchip
9.7.2. 128 kHz Microchip
9.7.3. 134.2 kHz Microchip
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pet Microchips Demand Share Forecast, 2019-2026
10. Latin America Pet Microchips Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pet Microchips Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pet Microchips Market Size and Volume Forecast by Application
10.4.1. Horse
10.4.2. Dogs
10.4.3. Cats
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pet Microchips Market Size and Volume Forecast by Type
10.7.1. 125 kHz Microchip
10.7.2. 128 kHz Microchip
10.7.3. 134.2 kHz Microchip
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pet Microchips Demand Share Forecast, 2019-2026
11. Europe Pet Microchips Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pet Microchips Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pet Microchips Market Size and Volume Forecast by Application
11.4.1. Horse
11.4.2. Dogs
11.4.3. Cats
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pet Microchips Market Size and Volume Forecast by Type
11.7.1. 125 kHz Microchip
11.7.2. 128 kHz Microchip
11.7.3. 134.2 kHz Microchip
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pet Microchips Demand Share, 2019-2026
12. Asia Pacific Pet Microchips Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pet Microchips Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pet Microchips Market Size and Volume Forecast by Application
12.4.1. Horse
12.4.2. Dogs
12.4.3. Cats
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pet Microchips Market Size and Volume Forecast by Type
12.7.1. 125 kHz Microchip
12.7.2. 128 kHz Microchip
12.7.3. 134.2 kHz Microchip
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pet Microchips Demand Share, 2019-2026
13. Middle East & Africa Pet Microchips Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pet Microchips Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pet Microchips Market Size and Volume Forecast by Application
13.4.1. Horse
13.4.2. Dogs
13.4.3. Cats
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pet Microchips Market Size and Volume Forecast by Type
13.7.1. 125 kHz Microchip
13.7.2. 128 kHz Microchip
13.7.3. 134.2 kHz Microchip
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pet Microchips Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pet Microchips Market: Market Share Analysis
14.2. Pet Microchips Distributors and Customers
14.3. Pet Microchips Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pethealth
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HomeAgain
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bayer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AVID Identification Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Datamars
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Trovan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Virbac
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Animalcare
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Microchip4Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. PeddyMark
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EIDAP
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Micro-ID
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cybortra Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
