Pet ID Microchips Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis

Pet ID Microchips Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis
5 min read

During the COVID-19 pandemic, the global pet ID microchips market witnessed good growth rates. Most nations saw a huge spike in pet adoption, since it was considered to remove loneliness during the extended time being spent inside. Since several nations had already implemented mandatory microchipping of dogs and cats, the higher adoption increased demand for microchips. This boosted the growth of pet ID microchips market size.

The global pet ID microchips market is segmented 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.

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Key Findings of Market Study:

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) estimates, people in the US spent nearly US$ 100 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. This is expected to boost pet ID microchips market growth.

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 a few key pet ID microchips market players.

The global pet ID microchips market is segmented on the basis of pet type, end user, and geography. Based on pet type, the market is segmented into horses, dogs, cats, and others. The others segment of pet type includes rabbits, ferrets, guinea pigs, and snakes. The dogs segment accounted for the largest market share in 2021. 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, and rescue organizations. The breeders segment accounted for the largest market share in 2021. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global pet ID microchips market.

  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global pet ID microchips market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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TABLE OF CONTENTS

  • Pet ID Microchips Market Landscape
  • Pet ID Microchips Market – Key Market Dynamics
  • Pet ID Microchips Market – Global Analysis
  • Pet ID Microchips Market Analysis – By Pet Type
  • Pet ID Microchips Market Analysis – By End User
  • Pet ID Microchips Market – Geographic Analysis
  • Impact of COVID-19 Pandemic on Global Pet ID Microchips Market
  • Company Profiles

The global pet ID microchips market is segmented on the basis of pet type, end user, and geography. Based on pet type, the market is segmented into horses, dogs, cats, and others. The others segment of pet type includes rabbits, ferrets, guinea pigs, and snakes. The dogs segment accounted for the largest market share in 2021. 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, and rescue organizations. The breeders segment accounted for the largest market share in 2021. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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