Pet ID Microchips Market, By Frequency, By Application, By Distribution Channel, By Geography

Description

Global Pet ID Microchips Market is estimated to be valued at USD 96.4 Mn in 2024 and is expected to reach USD 142.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 96.4 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.80%	2031 Value Projection:	US$ 142.8 Mn

Figure. Pet ID Microchips Market Share (%), By Region, 2024

The global pet ID microchips market has been gaining significant traction over the past few years. Pet ID microchips provide a convenient way to uniquely identify pets by implanted microchips under the pet's skin. When scanned with a compatible scanner, these microchips provide access to important information such as the pet's name, owner's contact details, medical history and more. This has helped in reducing the risk of pets getting lost and makes it easier for owners to be reunited with their pets. Factors such as increasing pet adoption rates around the world, growing awareness about pet identification and stringent rules regarding pet identification in several countries are expected to drive strong demand for pet ID microchips in the coming years.

Market Dynamics:

The global pet ID microchips market is primarily driven by factors such as rising pet adoption, growing awareness about pet identification and stringent regulations regarding pet registration and identification in various countries. Pet adoption has increased substantially over the past decade owing to changing lifestyles and growing loneliness, especially in urban households. This has augmented the demand for reliable pet identification solutions such as microchips. Furthermore, increasing instances of lost pets that are later found due to microchips have increased awareness about the technology among pet owners and professionals. Several animal welfare organizations also promote microchipping. Stringent rules in countries like the US and UK require pets to have some form of permanent identification like microchips. This is expected to fuel mandatory adoption. However, high costs of microchips compared to collars and tags as well as reluctance from certain pet owners continue to restrain the market growth. Meanwhile, ongoing technological advancements to develop more user-friendly and affordable microchips present significant opportunities for market players.

Key features of the study:

This report provides in-depth analysis of the global pet ID microchips market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global pet ID microchips market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Avid Identification Systems, Inc., Animalcare Group Plc, Datamars SA, Elanco Animal Health, Inc., HomeAgain, Merck & Co., Inc., Microchip4solutions Inc., Pethealth, Inc., PeddyMark Ltd, Trovan Ltd, Virbac SA, MICROCHIP ID SYSTEMS, INC., Bayer, FidoTag, and PetLink

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global pet ID microchips market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pet ID microchips market.

Detailed Segmentation:

By Frequency Insights (Revenue, USD Mn, 2019 - 2031)
- 2 kHz
- 126 kHz
- Dual Frequency (125 kHz and 134.2 kHz)
By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Pet Identification
- Veterinary Care
- Animal Welfare
- Research
By Distribution Channel Insights (Revenue, USD Mn, 2019 - 2031)
- Veterinary Clinics
- Pet Stores
- Online Sales
- Other Channels (Shelters, Breeders, etc.)
By Regional Insights (Revenue, USD Mn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Avid Identification Systems, Inc.
- Animalcare Group Plc
- Datamars SA
- Elanco Animal Health, Inc.
- HomeAgain
- Merck & Co., Inc.
- Microchip4solutions Inc.
- Pethealth, Inc.
- PeddyMark Ltd
- Trovan Ltd
- Virbac SA
- MICROCHIP ID SYSTEMS, INC.
- Bayer
- FidoTag
- PetLink

Product Code: CMI7320

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Global Pet ID Microchips Market, By Frequency
- Global Pet ID Microchips Market, By Application
- Global Pet ID Microchips Market, By Distribution Channel
- Global Pet ID Microchips Market, By Region

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Pet ID Microchips Market, By Frequency, 2019 -2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
2 kHz
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
126 kHz
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Dual Frequency (125 kHz and 134.2 kHz)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

5. Global Pet ID Microchips Market, By Application, 2019 -2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pet Identification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Veterinary Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Animal Welfare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Research
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Global Pet ID Microchips Market, By Distribution Channel, 2019 -2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Veterinary Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Pet Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Online Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Other Channels (Shelters, Breeders, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Pet ID Microchips Market, By Region, 2019 - 2031, Value (USD Mn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Frequency, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

8. COMPETITIVE LANDSCAPE

Avid Identification Systems, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Animalcare Group Plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Datamars SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Elanco Animal Health, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
HomeAgain
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Merck & Co., Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Microchip4solutions Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pethealth, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
PeddyMark Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Trovan Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Virbac SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
MICROCHIP ID SYSTEMS, INC.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bayer
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FidoTag
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
PetLink
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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