The Pet Microchips Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Pet Microchips market. This report provides a detailed overview of key factors in the Pet Microchips Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Pet Microchips industry, and breaks it down according to the type, application, and consumption area of Pet Microchips. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The Global Pet Microchip Market Is Expected To Be Valued At USD 565.9 Million By 2030 And Grow At A CAGR Of 4.3% During The Forecast Period 2022 To 2030.
Some of the key players profiled in the study are:
Pethealth Inc., HomeAgain, Bayer, AVID Identification Systems, Datamars, Inc., Trovan, Ltd., Virbac, Animalcare, Ltd., Microchip4Solutions Inc., PeddyMark, EIDAP Inc., Micro-ID, Ltd., Cybortra Technology.
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Pet Microchips Market Overview
A microprocessor is a minuscule electronic device, hardly larger than a grain of rice. Microchips for pets are typically 11-13mm long and 2mm in diameter. The tiny electronics consist of a copper coil antenna and a chip measuring at least two millimeters. These components are encapsulated in biocompatible polymer or glass, allowing the microchip to be implanted safely in an animal. The microchip is implanted under the lax skin between the pet’s shoulder blades using a sterile syringe. The veterinarian or RVT executes the implantation procedure, which is extremely brief and comparable to vaccination. Frequently, animals do not even notice when they are being sliced. The Microchip is a passive transponder with no internal power source. Therefore, it cannot move and can only be activated by a signal from an external device.
Market Segmentation
Pet Microchips Market by Types:
- 125 kHz Microchip
- 128 kHz Microchip
- 134.2 kHz Microchip
Pet Microchips Market by Applications:
- Horse
- Dogs
- Cats
- Others
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Regional Insights
North America holds the largest proportion of the global market for microchips for pets. The region’s market is expanding as more and more people spend money on canines and as tech-savvy pet owners demand more and more advanced technology for their animals. According to the American Pet Products Association, the US pet industry was worth USD 66.75 billion in 2016 and is anticipated to reach USD 69.36 billion in 2017. In North America, the U.S. is the leader in the market for microchips for pets due to the increasing number of missing pets.
In the coming years, the Asia-Pacific region is anticipated to expand at the quickest rate. This market for pet microchips is expanding as more people in countries such as China, Australia, and India acquire canines and become health-conscious.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Pet Microchips market report:
-Comprehensive assessment of all opportunities and risks in the Pet Microchips market.
-Pet Microchips market recent innovations and major events.
-Detailed study of business strategies for growth of the Pet Microchips market-leading players.
-Conclusive study about the growth plot of the Pet Microchips market for forthcoming years.
-In-depth understanding of Pet Microchips market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Pet Microchips market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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