Us Pet Identification Chips Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Pet Identification Chips Market was valued at USD 0.90 Billion in 2022 and is projected to reach USD 2.00 Billion by 2030, growing at a CAGR of 10.80% from 2024 to 2030.
The US Pet Identification Chips Market has seen remarkable growth over the past few years, driven by the increasing need for pet safety and traceability. Pet owners are increasingly turning to microchip technology as a solution to prevent lost pets and ensure that their furry friends are easily identifiable in case of emergencies. The market for pet identification chips is expected to continue its upward trajectory, with advancements in technology and growing awareness about the benefits of pet microchipping contributing to this trend.
Microchips are small devices implanted under a pet’s skin that contain important identification information. They offer a permanent, non-removable solution for identifying pets, making them much more reliable than collars or tags, which can be lost or removed. As of recent data, approximately 1 in 3 pets in the US are lost at some point in their lives, and microchips significantly increase the chances of a lost pet being reunited with its owner.
The demand for pet microchips is driven by various factors, including rising pet ownership, concerns about pet theft, and the increased focus on pet welfare. In 2024, the US pet market reached $30 billion, with a significant portion of that attributed to pet health and safety technologies, such as pet identification chips. This growth is complemented by the increasing adoption of technologies in veterinary practices, where microchips are now commonly used to track pet histories and prevent mix-ups during treatments.
One of the key trends in the US Pet Identification Chips Market is the integration of advanced features, such as RFID technology. These chips offer enhanced security and ease of use, as they can be scanned quickly and accurately. Additionally, the rise of pet wellness apps is encouraging microchip manufacturers to develop products with more advanced tracking and communication features. As more veterinarians and shelters invest in scanning devices, the visibility and accessibility of microchipping are improving.
The industry is also benefiting from regulations that encourage microchipping for pet identification. Some states in the US now require pet owners to microchip their pets, which is expected to further fuel the market’s growth. As awareness about the importance of pet identification increases, the demand for microchips will continue to rise, ensuring that more pets are safely returned to their homes.
For example, the increasing prevalence of technology such as the "100 Gigabit Fiber Optic Transceiver Market" highlights how advances in various sectors, including pet identification, are benefitting from similar technological progress. As technology evolves, so too will the capabilities of pet identification chips, offering even greater value to pet owners and ensuring the safety of pets across the country.
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Pethealth
HomeAgain
Bayer
Allflex Group
Microchip Identification Systems
AKC Reunite
Trovan
Datamars Pet ID
PETtrac
Virbac
Nanochip ID Inc
Avid Identification Systems
Animalcare
Microchip4Solutions
PeddyMark
Furreka
EIDAP
Cybortra Technology
PetKey
PetLink
Peeva
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pet Identification Chips Market
Passive Chips
Active Chips
Microchip
Needle
Reader
Veterinary Clinics
Pet Shelters and Animal Control
Individual Pet Owners
RFID (Radio Frequency Identification)
Infrared
Pet Identification
Animal Rescue
Pet Tracking and Safety
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pet Identification Chips Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pet Identification Chips Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pet Identification Chips Market, By Type
6. Global Pet Identification Chips Market, By Application
7. Global Pet Identification Chips Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pet Identification Chips Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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