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 pet identification chips market has witnessed notable developments between 2018 and 2022, with increasing awareness among pet owners about the safety and security of their pets. These microchips, often referred to as RFID (Radio Frequency Identification) chips, have become a vital tool for identifying lost or stolen pets. From 2018 to 2022, the demand for pet identification chips surged as veterinary clinics, animal shelters, and pet owners increasingly adopted the technology. The market during this period was largely driven by concerns over pet safety, increasing adoption rates of pets, and the rising trend of pet humanization. However, as the market matured, the pace of growth began to stabilize, with innovations focusing on improving chip size, durability, and affordability.
Looking ahead, the demand for pet identification chips from 2023 to 2033 is expected to grow significantly, driven by advances in pet technology, evolving regulations, and heightened awareness surrounding pet safety. The increasing number of pets worldwide, combined with the growing importance of pet identification in preventing theft and ensuring the safe return of lost pets, will likely keep the market buoyant. Moreover, newer innovations such as GPS-enabled pet identification chips and integration with pet tracking apps are poised to revolutionize the market, offering added convenience and peace of mind to pet owners. With the pet ownership trend continuing to rise globally, the demand for reliable and secure identification solutions will only grow stronger, leading to greater adoption of advanced technologies in pet microchipping.
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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
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
Animal Shelter
Pet Hospital
Pet Shop
Family
Others
Based on Types the Market is categorized into Below types that held the largest Pet Identification Chips market share In 2023.
125 KHz Chip
128 KHz Chip
134.2 KHz Chip
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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