Market Overview:

Microchips can be implanted under the skin for various healthcare and identification purposes. They help in identification, storage of medical records, and tracking individuals. Microchipping helps improve healthcare and security.

Key Takeaways

The Global Human Microchipping Market Size is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing cases of medical emergencies which necessitates implanting microchips for quick access to medical records.

The North America region dominates the human microchipping market currently owing to rising implementation of advanced healthcare technologies and presence of prominent players in the US and Canada. The Asia Pacific region is expected to exhibit the fastest growth over the forecast period with China and India emerging as lucrative markets.

Key players operating in the Human Microchipping Market are VeriChip Corporation, Biohax International AB, Dangerous Things LLC, Three Square Market, Kaspersky Lab, McAfee Corp., Symantec Corporation, ARM Holdings plc, NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., BioTeq Limited, Chip In S.A., Tyco International Ltd., Xerox Corporation. Collaborations between technology companies and healthcare service providers are helping to advance the microchip capabilities.

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