According to department animal affair in the United Kingdom, the new measures have been taken related to microchipping for dogs. Under this new measure, all owners must ensure their dog is microchipped and their details are kept up to date.Already 7.34 million dogs are microchipped in the UK. This is a 25% increase since we consulted on the law in 2012. and According to the latest regional statistics, South East, East Midlands and North West dog owners are leading the pack in taking action to chip their dog, with over one million, 959,000 and almost 900,000 dogs chipped, respectively. In the South West over 717,000 have added their details, followed by 648,000 in the West Midlands and 510,000 in the North East.
The article cited AMA's "Global Pet Microchips Market Study" explored CAGR of %. According to the report, Technological Advancement in The Manufacturing Process is one of the primary growth factors for the market. Demand for Microchip for Pets For Identification is also expected to contribute significantly to the Pet Microchips market. Overall, Horse
applications of Pet Microchips, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Pet Microchips market identified that the demand is rising in many different parts of the world as "Demand for Pet Microchips in Emerging Countries".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Pet Microchips market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Pet Microchips market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Pet Microchips market size is calculated using market estimation process, the Pet Microchips market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Pet Microchips market size has been validated using both top-down and bottom-up approaches.