Animal Microchip Implant Market Research to Forecast Growth and Determine Market Size
The global Animal Microchip Implant market size reached USD 483.2 Million in 2022 and is expected to register a revenue CAGR of 9.4% during the forecast period, according to the latest analysis by Emergen Research. According to the American Pet Products Association (APPA), in 2021, an estimated 70% of households in the U.S. own a pet, which is up from 56% in 1988. The most popular pets in the U.S. are dogs, with an estimated 60.2 million households owning at least one, followed by cats, with 47.1 million households owning at least one. The number of microchipped animals is increasing as more individuals acquire pets. Microchipping is not only recommended for pet owners, but it is also a way to ensure that animal welfare organizations and the government can track the population of animals, enforce regulations regarding pet travel and animal welfare, and also ensure that the pet is healthy and safe.
The latest research report by Emergen Research, named ‘Global Animal Microchip Implant Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Animal Microchip Implant Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Animal Microchip Implant Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Animal Microchip Implant Market
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Microchip Implant market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Datamars, Virbac, Microchip4Solutions Inc, Peddymark Ltd, DooWa Technology Co. Ltd, Pet-ID Microchips Ltd, Avid Identification Systems, Inc., Jeffers Pet, Merck & Co., Inc., Trovan Ltd.
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Emergen Research has segmented the global Animal Microchip Implant market on the basis of type, application, end-use, and region:
-
Product Type Outlook (Revenue, USD Million; 2019-2032)
- Animal ID Microchip
- Reusable Pet Tracking Microchip
- Transponder Microchips
- Others
-
Mode Outlook (Revenue, USD Million; 2019-2032)
- Self-injectable
- Surgery-injectable
-
Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
- Veterinary Hospitals
- Veterinary Pharmaceutical Stores
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Animal Microchip Implant Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Animal Microchip Implant Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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