The pet ID microchips market is projected to reach US$ 111.35 million by 2028 from US$ 79.53 million in 2022; it is expected to grow at a CAGR of 5.8% during 2022–2028.
According to the American Veterinary Medical Association (AVMA), a microchip is a small electronic chip enclosed in a glass cylinder about the same size as a rice grain. Often the pet ID microchips are also referred to as a transponder. The chip is generally injected inside a pet with a custom injector by a veterinary doctor and intended to remain inside the pet’s body. The pet ID microchip is devoid of batteries and activated when a scanner passes over it. Once activated, the chip transmits the identification number to the scanner; then, the number is displayed on the scanner’s screen. A single chip is expected to remain functional for up to 25 years and lasts the pet's lifetime. Most present-day chips function at 134.2 kHz, while some 125 kHz microchips are still sold in the US. Innovations in the microchip have significantly reduced its size and added functionality of the temperature reading of the pet when scanned with a microchip scanner. Microchips are an effective means of identifying pet since it is embedded inside the body and hence cannot be chewed off, removed, torn, or falsified. Veterinarians and animal-welfare charities across the world are embracing pet ID microchipping mandates imposed by regulatory bodies. The pet ID microchip helps properly identify pets and quickly reunite owners with lost or injured pets. In the UK, the government passed a regulation in 2016 for all pet owners to microchip their dogs and register their details on a centralized database. Therefore, enforcement by regulatory bodies for compulsory pet microchipping and scanning is driving the pet ID microchips market growth.
Pet ID Microchips Market -
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Pet ID Microchips Market: Strategic Insights
Market Size Value in US$ 79.53 Million in 2022 Market Size Value by US$ 111.35 Million by 2028 Growth rate CAGR of 5.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Pet ID Microchips Market: Strategic Insights
| Market Size Value in | US$ 79.53 Million in 2022 |
| Market Size Value by | US$ 111.35 Million by 2028 |
| Growth rate | CAGR of 5.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Pet ID Microchips Market Growth
During the COVID-19 outbreak, the continuous growth in COVID-19 patients compelled government authorities to impose stringent travel bans across the US and other regions in the first three quarters of 2020, which disrupted the normal functioning of various enterprises. Implementing containment measures such as trade bans, travel restrictions, and workplace workforce limitations impacted various businesses' manufacturing, supply, and sales. Hence enterprises strongly adopted work-from-anywhere (WFA) trends. Social isolation and WFA arrangements propelled the adoption of companion animals, which bolstered the pet ID microchips market. This is because most pets are first microchipped before getting adopted. As per the PetPoint report of December 2021, published by Pethealth Inc, more than 0.1 million cats and dogs entered AWOs in the US in December. Of this, more than 20,000 were stray cats, and more than 22,000 were stray dogs. Additionally, the report states that more than 49,000 cats were adopted, while more than 34,000 stray dogs were adopted. Hence, the pandemic positively impacted the pet ID microchips market growth.
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Market Insights – Pet ID Microchips Market
Veterinarian care is increasingly becoming expensive, and routine veterinary visits make up the second-largest segment of a dog owner’s expenditures after food. According to American Pet Products Association (APPA), people in the US will spend nearly US$ 109.6 billion on their pets in 2022. Moreover, pet accessories are becoming technical, and there are growing inventions and developments in the pet industry. With massive spending on pets, there is an increasing demand for sophisticated pet technology, mainly among tech-savvy owners, who are expected to utilize ID microchips to ensure pet security. Furthermore, ID microchips are becoming increasingly popular among pet owners, as they help them track animals without using traditional collars and tags. Therefore, the demand for ID microchips for pets is expected to grow significantly in the coming years.
Pet Type-Based Insights
The dogs segment accounted for the largest pet ID microchips market share in 2021. The rising regulations on microchipping pet dogs primarily drive the market growth for the segment. According to European Pet Food Industry Federation (FEDIAF), Europe had 92 million pet dogs in 2021 and 85.2 million pet dogs in 2018. Also, as per the American Veterinary Medical Association’s (AVMA) 2017–2018 estimations, the US had nearly 77 million pet dogs and 69 million pet dogs in 2012. With the rising number of dog owners, microchipping of pet dogs is gaining traction globally. Several countries have mandated the microchipping of dogs, which is primarily driving this segment's growth.
The global pet ID microchips market is bifurcated on the basis of pet type and end user. Based on pet type, the pet ID microchips market is segmented into horses, dogs, cats, and others. The others segment of pet type includes rabbits, ferrets, guinea pigs, and snakes. Based on end user, the global pet ID microchips market is segmented into breeders, households, pet shops, and others. The others segment of end user includes pounds, shelters, animal welfare organizations (AWOs), and rescue organizations. Based on geography, the pet ID microchips market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Pethealth, Inc; Merck & Co., Inc; Elanco Animal Health, Inc; Avid Identification Systems, Inc; Datamars SA; Trovan Ltd; Virbac SA; Animalcare Group Plc; Microchip4solutions Inc; and PeddyMark Ltd are among the key pet ID microchips market players.
Pet ID microchips market players mainly focus on partnerships and acquisitions to increase their market share.
- In September 2022, El Paso Animal Services, in partnership with 24Pet, launched the 24Pet Reunite Site solar-powered microchip scanner at Salvador Rivas Jr. Park located at 12480 Pebble Hills Dr. The Reunite Site will allow community members to scan pets to see if they are microchipped, learn their pet’s microchip number, and find out where and how to get their pet microchipped if they need one.
- In August 2020, Bayer completed the sale of its Animal Health business unit to the US company Elanco Animal Health Incorporated. The transaction was completed after the fulfillment of the closing conditions, including the receipt of regulatory approvals.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Pet Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated global market size for the pet ID microchips market in 2022 is expected to be around US$ 79.53 million
1. Enforcements by Regulatory Bodies
2. Customized Offerings in Pet ID Microchips
Microchips with Integrated Temperature Sensor
Merck & Co., Inc; Datamars SA; Virbac SA; Elanco Animal Health, Inc; and Avid Identification Systems, Inc are the key market players expected to hold a major market share of pet ID microchips market in 2022
Asia Pacific is expected to register highest CAGR in the pet ID microchips market during the forecast period (2022-2028)
Australia, China, and the UK are expected to register high growth rate during the forecast period
The US is expected to hold a major market share of pet ID microchips market in 2022
Dogs segment is expected to hold a major market share of pet ID microchips market in 2022
The global market size of pet ID microchips market by 2028 will be around US$ 111.35 million
The pet ID microchips market is expected to register an incremental growth value of US$ 31.82 million during the forecast period
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Pet ID Microchips Market – By Pet Type
1.3.2 Pet ID Microchips Market – By End User
1.3.3 Pet ID Microchips Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Pet ID Microchips Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Pet ID Microchips Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Enforcements by Regulatory Bodies
5.1.2 Customized Offerings in Pet ID Microchips
5.2 Market Restraints
5.2.1 Lack of Awareness Related to Pet ID Microchips and Associated Benefits
5.2.2 Lack Of GPS Tracking Technology in Pet ID Microchip Implants
5.3 Market Opportunities
5.3.1 Increasing Spending on Pets and Surging Demand for Sophisticated Technologies From Tech-Savvy Pet Owners
5.4 Future Trends
5.4.1 Microchips with Integrated Temperature Sensor
5.5 Impact Analysis of Drivers and Restraints
6. Pet ID Microchips Market – Global Analysis
6.1 Global Pet ID Microchips Market Overview
6.2 Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Pet ID Microchips Market Analysis – By Pet Type
7.1 Overview
7.2 Pet ID Microchips Market, By Pet Type (2021 and 2028)
7.3 Horses
7.3.1 Overview
7.3.2 Horses: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Dogs
7.4.1 Overview
7.4.2 Dogs: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Cats
7.5.1 Overview
7.5.2 Cats: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
8. Pet ID Microchips Market Analysis – By End User
8.1 Overview
8.2 Pet ID Microchips Market Breakdown, By End User, 2021 & 2028
8.3 Breeders
8.3.1 Overview
8.3.2 Breeders Market Revenue and Forecast to 2028 (US$ Million)
8.4 Households
8.4.1 Overview
8.4.2 Households Market Revenue and Forecast to 2028 (US$ Million)
8.5 Pet Shops
8.5.1 Overview
8.5.2 Pet Shops Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
9. Pet ID Microchips Market – Geographic Analysis
9.1 Overview
9.2 North America: Pet ID Microchips Market
9.2.1 Overview
9.2.2 North America Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America Pet ID Microchips Market Breakdown, By Pet Type
9.2.4 North America Pet ID Microchips Market Breakdown, By End User
9.2.5 North America Pet ID Microchips Market Breakdown, by Country
9.2.5.1 US Pet ID Microchips Market, Revenue and Forecast to 2028
9.2.5.1.1 US Pet ID Microchips Market Breakdown, By Pet Type
9.2.5.1.2 US Pet ID Microchips Market Breakdown, By End User
9.2.5.2 Canada Pet ID Microchips Market, Revenue and Forecast to 2028
9.2.5.2.1 Canada Pet ID Microchips Market Breakdown, By Pet Type
9.2.5.2.2 Canada Pet ID Microchips Market Breakdown, By End User
9.2.5.3 Mexico Pet ID Microchips Market, Revenue and Forecast to 2028
9.2.5.3.1 Mexico Pet ID Microchips Market Breakdown, By Pet Type
9.2.5.3.2 Mexico Pet ID Microchips Market Breakdown, By End User
9.3 Europe: Pet ID Microchips Market
9.3.1 Overview
9.3.2 Europe Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe Pet ID Microchips Market Breakdown, By Pet Type
9.3.4 Europe Pet ID Microchips Market Breakdown, By End User
9.3.5 Europe Pet ID Microchips Market Breakdown, by Country
9.3.5.1 Germany Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.1.2 Germany Pet ID Microchips Market Breakdown, By End User
9.3.5.2 France Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.2.1 France Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.2.2 France Pet ID Microchips Market Breakdown, By End User
9.3.5.3 Italy Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.3.2 Italy Pet ID Microchips Market Breakdown, By End User
9.3.5.4 UK Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.4.2 UK Pet ID Microchips Market Breakdown, By End User
9.3.5.5 Russia Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.5.2 Russia Pet ID Microchips Market Breakdown, By End User
9.3.5.6 Rest of Europe Pet ID Microchips Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Pet ID Microchips Market Breakdown, By Pet Type
9.3.5.6.2 Rest of Europe Pet ID Microchips Market Breakdown, By End User
9.4 Asia Pacific: Pet ID Microchips Market
9.4.1 Overview
9.4.2 Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
9.4.3 Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.4.4 Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.4.5 Asia Pacific Pet ID Microchips Market Breakdown, by Country
9.4.5.1 Australia Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.1.1 Australia Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.1.2 Australia Pet ID Microchips Market Breakdown, By End User
9.4.5.2 China Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.2.1 China Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.2.2 China Pet ID Microchips Market Breakdown, By End User
9.4.5.3 India Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.3.1 India Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.3.2 India Pet ID Microchips Market Breakdown, By End User
9.4.5.4 Japan Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.4.1 Japan Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.4.2 Japan Pet ID Microchips Market Breakdown, By End User
9.4.5.5 South Korea Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.5.1 South Korea Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.5.2 South Korea Pet ID Microchips Market Breakdown, By End User
9.4.5.6 Rest of APAC Pet ID Microchips Market, Revenue and Forecast to 2028
9.4.5.6.1 Rest of APAC Pet ID Microchips Market Breakdown, By Pet Type
9.4.5.6.2 Rest of APAC Pet ID Microchips Market Breakdown, By End User
9.5 MEA: Pet ID Microchips Market
9.5.1 Overview
9.5.2 MEA Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
9.5.3 MEA Pet ID Microchips Market Breakdown, By Pet Type
9.5.4 MEA Pet ID Microchips Market Breakdown, By End User
9.5.5 MEA Pet ID Microchips Market Breakdown, by Country
9.5.5.1 South Africa Pet ID Microchips Market, Revenue and Forecast to 2028
9.5.5.1.1 South Africa Pet ID Microchips Market Breakdown, By Pet Type
9.5.5.1.2 South Africa Pet ID Microchips Market Breakdown, By End User
9.5.5.2 Saudi Arabia Pet ID Microchips Market, Revenue and Forecast to 2028
9.5.5.2.1 Saudi Arabia Pet ID Microchips Market Breakdown, By Pet Type
9.5.5.2.2 Saudi Arabia Pet ID Microchips Market Breakdown, By End User
9.5.5.3 UAE Pet ID Microchips Market, Revenue and Forecast to 2028
9.5.5.3.1 UAE Pet ID Microchips Market Breakdown, By Pet Type
9.5.5.3.2 UAE Pet ID Microchips Market Breakdown, By End User
9.5.5.4 Rest of MEA Pet ID Microchips Market, Revenue and Forecast to 2028
9.5.5.4.1 Rest of MEA Pet ID Microchips Market Breakdown, By Pet Type
9.5.5.4.2 Rest of MEA Pet ID Microchips Market Breakdown, By End User
9.6 SAM: Pet ID Microchips Market
9.6.1 Overview
9.6.2 SAM Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
9.6.3 SAM Pet ID Microchips Market Breakdown, By Pet Type
9.6.4 SAM Pet ID Microchips Market Breakdown, By End User
9.6.5 SAM Pet ID Microchips Market Breakdown, by Country
9.6.5.1 Brazil Pet ID Microchips Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil Pet ID Microchips Market Breakdown, By Pet Type
9.6.5.1.2 Brazil Pet ID Microchips Market Breakdown, By End User
9.6.5.2 Argentina Pet ID Microchips Market, Revenue and Forecast to 2028
9.6.5.2.1 Argentina Pet ID Microchips Market Breakdown, By Pet Type
9.6.5.2.2 Argentina Pet ID Microchips Market Breakdown, By End User
9.6.5.3 Rest of SAM Pet ID Microchips Market, Revenue and Forecast to 2028
9.6.5.3.1 Rest of SAM Pet ID Microchips Market Breakdown, By Pet Type
9.6.5.3.2 Rest of SAM Pet ID Microchips Market Breakdown, By End User
10. Impact of COVID-19 Pandemic on Global Pet ID Microchips Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
11.5 Regulatory News
12. Company Profiles
12.1 Pethealth Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Merck & Co Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Avid Identification Systems Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Datamars SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trovan Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Virbac SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Animalcare Group Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Microchip4Solutions Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 PeddyMark Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Elanco Animal Health Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 28. Asia Pacific Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Australia Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. China Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. India Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Japan Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. South Korea Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of APAC Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of APAC Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 41. MEA Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. MEA Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 43. MEA Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 46. Saudi Arabia Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Saudi Arabia Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 48. UAE Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. UAE Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of MEA Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of MEA Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 52. SAM Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. SAM Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 54. SAM Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 57. Argentina Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Argentina Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of SAM Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of SAM Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 61. List of Abbreviation
LIST OF FIGURES
Figure 1. Pet ID Microchips Market Segmentation
Figure 2. Pet ID Microchips Market Segmentation – By Geography
Figure 3. Global Pet ID Microchips Market Overview
Figure 4. Dogs Segment Held the Largest Share of Pet ID Microchips Market
Figure 5. Breeders Segment Held the Largest Share of Pet ID Microchips Market
Figure 6. APAC to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. Middle East and Africa: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Pet ID Microchips Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Pet ID Microchips Market
Figure 15. Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Pet ID Microchips Market Revenue Share, By Pet Type (2021 and 2028)
Figure 17. Horses: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Dogs: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Cats: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Others: Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Pet ID Microchips Market Breakdown, By End User (2021 and 2028)
Figure 22. Breeders Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Households Market Revenue and Forecast to 2028(US$ Million)
Figure 24. Pet Shops Market Revenue and Forecast to 2028(US$ Million)
Figure 25. Others Market Revenue and Forecast to 2028(US$ Million)
Figure 26. Global Pet ID Microchips Market Breakdown, by Region, 2021 & 2028 (%)
Figure 27. North America Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 29. North America Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 30. North America Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 31. US Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 36. Europe Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 37. Europe Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 38. Germany Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 39. France Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 45. Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 46. Asia Pacific Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 47. Asia Pacific Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 48. Australia Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 49. China Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 50. India Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 52. South Korea Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of APAC Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 56. MEA Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 57. MEA Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 58. South Africa Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 59. Saudi Arabia Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 60. UAE Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 62. SAM Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 64. SAM Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 65. SAM Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 66. Brazil Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 67. Argentina Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 68. Rest of SAM Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 69. Impact of COVID-19 Pandemic in North American Country Markets
Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 71. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 72. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 73. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Pet ID Microchips Market
- Pethealth, Inc
- Merck & Co., Inc
- Elanco Animal Health, Inc
- Avid Identification Systems, Inc
- Datamars SA
- Trovan Ltd
- Virbac SA
- Animalcare Group Plc
- Microchip4solutions Inc
- PeddyMark Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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