(EMAILWIRE.COM, October 06, 2018 ) This report studies the global market size of Pet Microchips in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Pet Microchips in these regions.
This research report categorizes the global Pet Microchips market by top players/brands, region, type and end user. This report also studies the global Pet Microchips market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

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. If the contact information on file is up to date, the pet’s owner can be quickly notified and reunited with their pet.

The basic technology behind pet microchips traces back several decades. But, it wasn't until recently that the devices became cheap enough to hit the mainstream pet market.

The key players are Pethealth Inc., HomeAgain, Bayer, AVID Identification Systems, Datamars, Inc., Trovan, Ltd., Virbac, Animalcare, Ltd., Microchip4Solutions Inc., PeddyMark, EIDAP Inc., Micro-ID, Ltd., Cybortra Technology and so on. As if the microchip system for pet identification wasn’t complicated and inefficient enough, an influx of new players is adding confusion and stirring tension in the market.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

The global Pet Microchips market is valued at 340 million US$ in 2017 and will reach 460 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025. The objectives of this study are to define, segment, and project the size of the Pet Microchips market based on company, product type, end user and key regions.

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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Pethealth Inc.
HomeAgain
Bayer
AVID Identification Systems
Datamars, Inc.
Trovan, Ltd.
Virbac
Animalcare, Ltd.
Microchip4Solutions Inc.
PeddyMark
EIDAP Inc.
Micro-ID, Ltd.
Cybortra Technology

Market size by Product
125 kHz Microchip
128 kHz Microchip
134.2 kHz Microchip
Market size by End User
Horse
Dogs
Cats
Others

Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa

The study objectives of this report are:
To study and analyze the global Pet Microchips market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
To understand the structure of Pet Microchips market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Pet Microchips companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Pet Microchips submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Pet Microchips are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025

This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Pet Microchips market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Some Points from TOC:

Chapter One: Study Coverage
1.1 Pet Microchips Product
1.2 Market Segments
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Pet Microchips Market Size Growth Rate by Product
1.4.2 125 kHz Microchip
1.4.3 128 kHz Microchip
1.4.4 134.2 kHz Microchip
1.5 Market by End User
1.5.1 Global Pet Microchips Market Size Growth Rate by End User
1.5.2 Horse
1.5.3 Dogs
1.5.4 Cats
1.5.5 Others
1.6 Study Objectives
1.7 Years Considered

Chapter Two: Executive Summary
2.1 Global Pet Microchips Market Size
2.1.1 Global Pet Microchips Revenue 2013-2025
2.1.2 Global Pet Microchips Sales 2013-2025
2.2 Pet Microchips Growth Rate by Regions
2.2.1 Global Pet Microchips Sales by Regions
2.2.2 Global Pet Microchips Revenue by Regions

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