Animal Microchip Implant Market Expansion: Analysing Key Players' Investments and Growth Opportunities

  

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 Global Animal Microchip Implant Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market.

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Competitive Terrain:

The global Animal Microchip Implant industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

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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Additional information offered by the report:

  • Along with a complete overview of the global Animal Microchip Implant market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Animal Microchip Implant market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

  • 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

Radical Highlights of the Animal Microchip Implant Market Report:

  • Comprehensive overview of the Animal Microchip Implant market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and R&D advancements on the Animal Microchip Implant market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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