Pet Microchips Market was valued at US$ 402.7 Mn and in terms of volume, the market was 36603.5 thousand units in 2018, and is expected to grow with a significant CAGR during the forecast period.
As a form of identification for pets, a microchip is a computer chip that is housed in a tiny glass cylinder (about the size of a grain of rice) and inserted beneath the skin. The main connection between each microchip and the owner contact information online register. For instance, a missing pet that is brought to a shelter or veterinary clinic will have his microchip checked. The owner of the animal can be called right away and reunited with their pet if the contact information on the file is current. Pet microchips mostly use radio-frequency identification as their primary technology (RFID). This mostly serves as your pet’s permanent ID.
The market for pet microchips is expanding as more chip makers concentrate on enhancing chip capabilities and providing new features, such as the ability to configure the chip to unlock the door only when your dog arrives. This can also aid in preventing stray animals from making their way into the house. Additionally, several manufacturers offer lost pet alerting services and travel help to people who like bringing their pets on vacations.
In-depth market research is provided in this report on the pet microchips market, together with objective and subjective data points, the major market drivers, opportunities, and restraints that could have a favorable or negative impact on the total worldwide market. Market drivers, challenges, and opportunities have been exclusively covered for a country-level market in the corresponding regional segments. The research includes a competitive analysis of the major players operating in the market, in-depth information about the market’s competitive landscape, and the most current strategies and products that will benefit or have an impact on the market in the near future.
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Major Players in Pet Microchips market are:
AVID Identification Systems
Bayer
Datamars, Inc
Pethealth Inc
Virbac
Most important types of Pet Microchips products covered in this report are:
125 kHz Microchip
128 kHz Microchip
134.2 kHz Microchip
Most widely used downstream fields of Pet Microchips market covered in this report are:
Horse
Dogs
Cats
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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