Pet Microchips Market Scope
A microchip is a computer chip enclosed in a small glass cylinder (about the size of a grain of rice) that is injected under pet's skin as a means of identification. Each microchip is connected to an online registry of owner contact information. In the event that pet is lost and taken to a shelter or veterinary hospital, he will be scanned for a microchip.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pet Microchips market throughout the predicted period.
Pethealth Inc. (Canada), HomeAgain (United States), Bayer (Germany), AVID Identification Systems, Inc. (United States), Datamars, Inc. (Switzerland), Trovan, Ltd. (Australia), Virbac (France), Animalcare, Ltd. (United Kingdom), Microchip4Solutions Inc. (Canada), PeddyMark Ltd (United Kingdom) and EIDAP Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Micro-ID, Ltd. (United Kingdom) and Cybortra Technology (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Pet Microchips market by Type (125 kHz Microchip, 128 kHz Microchip and 134.2 kHz Microchip), by Application (Horse, Dogs, Cats and Others) and Region with country level break-up.
On the basis of geography, the market of Pet Microchips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
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.
Market Trend
- Technological Advancement in The Manufacturing Process
Market Drivers
- Demand for Microchip for Pets For Identification
Opportunities
- Demand for Pet Microchips in Emerging Countries
Restraints
- High Cost Associated With the Microchip
- Stringent Government Rules and Regulation
Key Target Audience
Pet Microchips Manufacturer, Pet Microchips Supplier, Raw Material Supplier, Government Bodies and Other Association and End Users