Product Code: ETC13371705 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Veterinary Microchips Market was valued at USD 1.6 Billion in 2024 and is expected to reach USD 2.4 Billion by 2031, growing at a compound annual growth rate of 6.00% during the forecast period (2025-2031).
The Global Veterinary Microchips Market is witnessing steady growth, driven by the increasing pet ownership, rising demand for pet identification and tracking solutions, and stringent animal welfare regulations. The market players are focusing on developing advanced microchip technologies that offer features like GPS tracking, temperature monitoring, and health data storage. North America holds a significant share in the market due to the high pet ownership rates and well-established veterinary healthcare infrastructure. The Asia-Pacific region is also emerging as a lucrative market, fueled by the growing awareness about pet healthcare and rising disposable incomes. Key market players such as Datamars, Inc., Merck & Co., Inc., and Bayer AG are investing in research and development to introduce innovative products, contributing to the market`s growth.
The Global Veterinary Microchips Market is experiencing a growth trend driven by the increasing adoption of pets and the growing awareness about animal health and safety. The market is witnessing a shift towards advanced RFID microchips, which offer features like real-time tracking and monitoring of pets. Furthermore, stringent regulations mandating pet microchipping in several countries are creating opportunities for market growth. The rising trend of pet humanization, where pets are considered as family members, is also contributing to the demand for microchipping services. Key opportunities in the market include the development of innovative and cost-effective microchips, expanding product distribution networks, and strategic collaborations with veterinary clinics and pet shelters. Overall, the Global Veterinary Microchips Market is poised for significant growth in the coming years.
The Global Veterinary Microchips Market faces several challenges, including the lack of standardized protocols and regulations across different regions, which can hinder the widespread adoption and implementation of microchipping practices. Another challenge is the cost associated with microchipping, which may be a barrier for some pet owners, especially in developing countries. Additionally, there is a need for increased awareness and education among pet owners and veterinary professionals about the benefits of microchipping in terms of pet identification and safety. Addressing these challenges requires collaboration between industry stakeholders, regulatory bodies, and veterinary organizations to develop unified standards, improve affordability, and enhance education efforts to drive the growth of the veterinary microchips market.
The global veterinary microchips market is primarily driven by the increasing pet ownership rates worldwide, leading to a growing demand for pet identification and tracking solutions. Additionally, stringent regulations mandating the microchipping of pets for identification and safety purposes are propelling market growth. The rise in adoption of advanced technologies in veterinary care, such as digital pet identification systems and GPS-enabled microchips, is also a key driver. Furthermore, the increasing awareness among pet owners about the benefits of microchipping in reuniting lost pets and preventing pet theft is fueling market expansion. The growing trend of humanization of pets, where they are considered as family members, is further boosting the adoption of veterinary microchips for ensuring the well-being and security of companion animals.
Government policies related to the Global Veterinary Microchips Market vary by country, but generally, there is a trend towards mandating the microchipping of pets for identification and tracking purposes. Many countries have implemented regulations requiring pet owners to microchip their dogs and, in some cases, cats. These policies aim to improve animal welfare, reduce pet theft, and facilitate the reunification of lost pets with their owners. Additionally, governments may set standards for the type of microchips to be used and the information that must be stored on them. As the importance of pet identification and tracking grows, it is likely that more countries will adopt or strengthen regulations related to veterinary microchips in the future.
The Global Veterinary Microchips Market is expected to witness significant growth in the coming years due to the increasing adoption of pets, rising awareness about animal health, and stringent regulations regarding pet identification. The market is projected to expand as more pet owners opt for microchipping solutions to ensure the safety and security of their animals. Technological advancements, such as the development of advanced tracking and monitoring features in microchips, are also likely to drive market growth. Additionally, the growing trend of animal insurance and the rising prevalence of pet theft cases are expected to further boost the demand for veterinary microchips. Overall, the market is anticipated to experience steady growth as the importance of pet identification and tracking continues to gain prominence globally.
In the global veterinary microchips market, Asia is expected to witness significant growth due to the rising pet adoption rates and increasing awareness about pet identification and tracking. North America is a mature market with a high penetration rate of microchips, driven by stringent regulations and a high level of pet ownership. Europe is also a key market, characterized by a growing trend of pet humanization and the implementation of mandatory microchipping regulations in several countries. The Middle East and Africa region is experiencing a gradual uptake of veterinary microchips, supported by improving economic conditions and a growing focus on animal welfare. Latin America shows potential for market growth, driven by a rising middle-class population and increasing expenditure on pet healthcare in countries like Brazil and Mexico.
Global Veterinary Microchips Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Veterinary Microchips Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Veterinary Microchips Market Revenues & Volume, 2021 & 2031F |
3.3 Global Veterinary Microchips Market - Industry Life Cycle |
3.4 Global Veterinary Microchips Market - Porter's Five Forces |
3.5 Global Veterinary Microchips Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Veterinary Microchips Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Veterinary Microchips Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Global Veterinary Microchips Market Revenues & Volume Share, By Frequency, 2021 & 2031F |
3.9 Global Veterinary Microchips Market Revenues & Volume Share, By Animal Type, 2021 & 2031F |
3.10 Global Veterinary Microchips Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Veterinary Microchips Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Veterinary Microchips Market Trends |
6 Global Veterinary Microchips Market, 2021 - 2031 |
6.1 Global Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Veterinary Microchips Market, Revenues & Volume, By Passive RFID Microchips, 2021 - 2031 |
6.1.3 Global Veterinary Microchips Market, Revenues & Volume, By Active RFID Microchips, 2021 - 2031 |
6.2 Global Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Veterinary Microchips Market, Revenues & Volume, By Identification, 2021 - 2031 |
6.2.3 Global Veterinary Microchips Market, Revenues & Volume, By Tracking, 2021 - 2031 |
6.3 Global Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Veterinary Microchips Market, Revenues & Volume, By 134.2 kHz, 2021 - 2031 |
6.3.3 Global Veterinary Microchips Market, Revenues & Volume, By 125 kHz, 2021 - 2031 |
6.4 Global Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Veterinary Microchips Market, Revenues & Volume, By Pets, 2021 - 2031 |
6.4.3 Global Veterinary Microchips Market, Revenues & Volume, By Livestock, 2021 - 2031 |
6.5 Global Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Veterinary Microchips Market, Revenues & Volume, By Veterinary Clinics, 2021 - 2031 |
6.5.3 Global Veterinary Microchips Market, Revenues & Volume, By Animal Shelters, 2021 - 2031 |
7 North America Veterinary Microchips Market, Overview & Analysis |
7.1 North America Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
7.2 North America Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
7.5 North America Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
7.6 North America Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
7.7 North America Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Veterinary Microchips Market, Overview & Analysis |
8.1 Latin America (LATAM) Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
8.5 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
8.6 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
8.7 Latin America (LATAM) Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Veterinary Microchips Market, Overview & Analysis |
9.1 Asia Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
9.5 Asia Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
9.6 Asia Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
9.7 Asia Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Veterinary Microchips Market, Overview & Analysis |
10.1 Africa Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
10.5 Africa Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
10.6 Africa Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
10.7 Africa Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Veterinary Microchips Market, Overview & Analysis |
11.1 Europe Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
11.5 Europe Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
11.6 Europe Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
11.7 Europe Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Veterinary Microchips Market, Overview & Analysis |
12.1 Middle East Veterinary Microchips Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Veterinary Microchips Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Veterinary Microchips Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Veterinary Microchips Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Veterinary Microchips Market, Revenues & Volume, By Function, 2021 - 2031 |
12.5 Middle East Veterinary Microchips Market, Revenues & Volume, By Frequency, 2021 - 2031 |
12.6 Middle East Veterinary Microchips Market, Revenues & Volume, By Animal Type, 2021 - 2031 |
12.7 Middle East Veterinary Microchips Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Veterinary Microchips Market Key Performance Indicators |
14 Global Veterinary Microchips Market - Export/Import By Countries Assessment |
15 Global Veterinary Microchips Market - Opportunity Assessment |
15.1 Global Veterinary Microchips Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Veterinary Microchips Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Veterinary Microchips Market Opportunity Assessment, By Function, 2021 & 2031F |
15.4 Global Veterinary Microchips Market Opportunity Assessment, By Frequency, 2021 & 2031F |
15.5 Global Veterinary Microchips Market Opportunity Assessment, By Animal Type, 2021 & 2031F |
15.6 Global Veterinary Microchips Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Veterinary Microchips Market - Competitive Landscape |
16.1 Global Veterinary Microchips Market Revenue Share, By Companies, 2024 |
16.2 Global Veterinary Microchips Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |