The Animal Microchip Implant Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Animal Microchip Implant Market?
The Animal Microchip Implant Global Market size has seen significant growth in past years. The market expanded from $1.07 billion in 2024 to $1.17 billion in 2025, resulting in a compound annual growth rate (CAGR) of 8.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Animal Microchip Implant Industry?
The Animal Microchip Implant Global Market Report 2025 projects that by 2029, the market size for animal microchip implant will reach $1.60 billion, growing at a compounded annual growth rate (CAGR) of 8.3%.
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What are the Key Growth Drivers Fueling the Animal Microchip Implant Market?
The key drivers in the animal microchip implant market are:
• Expansion of pet insurance requirements driving need for microchipping
• Growth in pet travel and cross-border regulations increasing microchip use
• Smart city and smart farming initiatives incorporating animal microchips
• Increased demand in developing economies and expansion of veterinary telemedicine
Global Market Segmentation: Identifying Major Animal Microchip Implant Industry Segments
The animal microchip implant market covered in this report is segmented –
1) By Type: Animal ID Microchip, Reusable Pet Tracking Microchip, Transponder Microchips, Other Types
2) By Pet Type: Cats, Dogs, Horses, Other Pet Types
3) By Technology: RFID Technology, Infrared Technology, Low Frequency Technology
4) By Application: Pet Identification, Livestock Tracking, Wildlife Conservation, Emergency Recovery
5) By End Use: Veterinary Clinics, Animal Shelters, Research Institutions, Pet Owners
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What are the Emerging Trends Shaping the Future of the Animal Microchip Implant Market?
The key trends in the animal microchip implant market are:
• There is a growing trend towards integrating animal microchip implants with smartphone applications.
• The development of dual-purpose microchips is emerging as a significant trend.
• Advancements in biocompatible materials are shaping the future of the market.
• The future is also dictated by trends like integrating microchips with cloud platforms and data analytics and creating cost-effective microchip solutions.
Who Are the Top Competitors & Leading Players in the Animal Microchip Implant Market?
Major players in the animal microchip implant market are:
• Merck & Co. Inc.
• Elanco Animal Health Incorporated
• Smiths Medical ASD Inc.
• Virbac Corporation
• Datamars SA
• Allflex USA Inc.
• Animalcare Group plc
• Pethealth Inc.
• Intervet Inc.
• Jeffers Inc.
• Avid Identification Systems Inc.
• Doowa Technology Company Limited
• Destron Fearing Corporation
• Wuxi Fofia Technology Co. Ltd.
• Biomark Inc.
• Microchip4Solutions Inc.
• Pet-ID Microchips Ltd.
• PROSAGRI srl
• Trovan Ltd.
• Autag Technology Europe B.V.
• Pedymark Ltd.
Regional Dominance: Which Area Leads the Global Animal Microchip Implant Market?
North America was the largest region in the animal microchip implant market in 2024
