PUBLISHER: The Business Research Company | PRODUCT CODE: 1760456
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760456
An animal microchip implant is a small electronic device, roughly the size of a grain of rice, inserted under the skin of an animal, typically between the shoulder blades. The chip contains a unique identification number, which can be read by a special scanner. This allows veterinarians, animal shelters, and authorities to access the owner's contact information from a database, helping reunite lost pets with their families.
The main types of animal microchip implants include animal ID microchips, reusable pet tracking microchips, transponder microchips, and others. Animal ID microchips are small, implantable devices used to uniquely identify animals for tracking and recovery. These chips are used with various types of pets such as dogs, cats, and horses, employing technologies such as RFID, infrared, and low-frequency technology. They are applied in pet identification, livestock tracking, wildlife conservation, and emergency recovery, serving end users such as veterinary clinics, animal shelters, research institutions, and pet owners.
The animal microchip implants market research report is one of a series of new reports from The Business Research Company that provides animal microchip implants market statistics, including animal microchip implants industry global market size, regional shares, competitors with an animal microchip implants market share, detailed animal microchip implants market segments, market trends and opportunities, and any further data you may need to thrive in the animal microchip implants industry. This animal microchip implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The animal microchip implant market size has grown strongly in recent years. It will grow from $1.07 billion in 2024 to $1.17 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth during the historic period can be attributed to the increase in pet ownership, stray animal control initiatives, expanding veterinary infrastructure, mandatory pet microchipping laws, growing awareness of pet theft and recovery, and rising spending on companion animals.
The animal microchip implant market size is expected to see strong growth in the next few years. It will grow to $1.60 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period is expected to be driven by the expansion of pet insurance requirements, increased pet travel and cross-border regulations, smart city and smart farming initiatives, growing demand in developing economies, and the expansion of veterinary telemedicine. Key trends in the forecast period include integration with smartphone applications, the development of dual-purpose microchips, advancements in biocompatible materials, integration of microchips with cloud platforms and data analytics, and the creation of cost-effective microchip solutions.
The growing trend of pet ownership is expected to drive the expansion of the animal microchip implant market. Pet ownership, which involves keeping and caring for animals for companionship or non-commercial purposes, has been increasing as more people recognize the mental health benefits that pets provide. Pets help reduce stress, anxiety, and feelings of loneliness, making them valuable companions. Animal microchip implants serve as a permanent, scannable form of identification, enabling quick and accurate reunification of lost pets with their owners. For example, in March 2025, the American Pet Products Association (APPA), a U.S.-based nonprofit industry group, reported that in 2024, Gen Z accounted for 20% of U.S. households with pets, marking a 43.5% increase from the previous year. Gen Z also represented 20% of dog and cat owners, with ownership of dogs and cats increasing by 18% and 25%, respectively, compared to 2023. As a result, the surge in pet ownership is driving demand for animal microchip implants.
Companies in the animal microchip implant market are innovating with advanced solutions, such as next-generation pet microchips, to maintain their competitive edge. These advanced microchips offer features such as temperature monitoring, app connectivity, and enhanced data security, aimed at improving pet health tracking and providing easier access to critical information for pet owners. For instance, in November 2022, MSD Animal Health, a U.S.-based pharmaceutical company, introduced the HomeAgain Thermochip, a dual-function pet microchip. This chip not only provides a unique identification number but also measures the pet's subcutaneous temperature, allowing for stress-free and accurate health monitoring alongside ID scanning. The Thermochip integrates with the HomeAgain Pet Recovery Database, enabling efficient reunification of lost pets. It is also compatible with standard microchip readers, making it suitable for a wide range of animals. This innovation enhances both veterinary care and pet safety by offering a reliable way to track both identity and health.
In February 2024, Bridgepoint, a UK-based private investment firm, acquired Identicare Limited for $33 million. This acquisition is part of Bridgepoint's strategy to accelerate its growth in the pet microchipping, registration, and support services sector. It aligns with Identicare's focus on expanding innovative pet protection solutions, while allowing Animalcare Group to shift its focus back to its core animal health pharmaceutical business. Identicare Limited specializes in pet microchipping and related services, including pet registration databases and subscription-based offerings that provide animal microchip implants.
Major players in the animal microchip implant market are Merck & Co. Inc., Elanco Animal Health Incorporated, Smiths Medical ASD Inc., Virbac Corporation, Datamars SA, Allflex USA Inc., Animalcare Group plc, Pethealth Inc., Intervet Inc., Jeffers Inc., Avid Identification Systems Inc., Doowa Technology Company Limited, Destron Fearing Corporation, Wuxi Fofia Technology Co. Ltd., Biomark Inc., Microchip4Solutions Inc., Pet-ID Microchips Ltd., PROSAGRI srl, Trovan Ltd., Autag Technology Europe B.V., and Pedymark Ltd.
North America was the largest region in the animal microchip implant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in animal microchip implant report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the animal microchip implant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The animal microchip implant market includes revenues earned by entities by providing services such as lost pet recovery, proof of ownership, pet travel documentation, disease control and recall tracking, and medical record access. The market value includes the value of related goods sold by the service provider or included within the service offering. The animal microchip implant market also includes sales of implantable radio frequency identification (RFID) microchips, animal microchip implants, microchip implantation kits, livestock identification tags, and pet health integration systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Animal Microchip Implant Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on animal microchip implant market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for animal microchip implant ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The animal microchip implant market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.