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What Is the Estimated Market Size of the Animal Microchip Implant Market In 2029?

The animal microchip implant industry has seen significant expansion in the recent past. The market, valued at $1.07 billion in 2024, is projected to rise to $1.17 billion in 2025, marking a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the historic period include an increase in pet ownership, programs aimed at managing stray animals, the development of veterinary facilities, compulsory laws regarding pet microchipping, heightened awareness about pet theft and recovery, as well as an increase in expenditure on companion animals.

Anticipated to see a robust growth trajectory in the coming years, the animal microchip implant market is projected to expand to $1.60 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 8.3%. The growth during the forecast period can largely be linked to the widening of pet insurance requisites, expansion of pet travel and transnational regulations, smart urban and agricultural initiatives, burgeoning demand in burgeoning economies, and the growth of veterinary telemedicine. In the same forecast period, key trends could involve the interfacing with smartphone apps, the creation of multipurpose microchips, progress in the field of biocompatible materials, the amalgamation of microchips with cloud infrastructures and data analytics, and the conception of cost-effective microchip alternatives.

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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Animal Microchip Implant Market?

The animal microchip implant market is set to expand due to the growing trend of pet ownership. This concept is the act of caring for a domesticated pet for companionship or other non-business related reasons. There has been a surge in pet ownership as people are increasingly acknowledging the psychological advantages of maintaining a pet, such as alleviation of stress, anxiety and feelings of isolation. Animal microchip implants are exceedingly beneficial for pets, imparting them with a stable, detectable means of identification that promotes quick and precise reunion of misplaced pets with their owners. For instance, data from the American Pet Products Association (APPA), a non-profit industry association in the United States, in March 2025 highlighted that in 2024, Gen Z formed 20% (18.8 million) of U.S. households owning pets, reflecting a 43.5% rise from 2023. This significantly boosted both dog and cat ownership, making up 20% of the total owners, marking a surge of 18% and 25%, respectively, from the previous year. Consequently, the escalating trend of pet ownership is fuelling the expansion of the animal microchip implant market.

Which Key Market Segments Comprise the Animal Microchip Implant Market and Drive Its Revenue Growth?

The animal microchip implant market covered in this report is segmented –

1) By Type: Animal ID Microchip, Reusable Pet Tracking Microchip, Transponder Microchips, Other Types

2) By Pet Type: Cats, Dogs, Horses, Other Pet Types

3) By Technology: RFID Technology, Infrared Technology, Low Frequency Technology

4) By Application: Pet Identification, Livestock Tracking, Wildlife Conservation, Emergency Recovery

5) By End Use: Veterinary Clinics, Animal Shelters, Research Institutions, Pet Owners

Subsegments:

1) By Animal ID Microchip: Companion Animal Identification, Livestock Identification, Wildlife And Exotic Animal Tracking

2) By Reusable Pet Tracking Microchip: GPS-Enabled Microchips, RFID-Based Reusable Chips, Rechargeable Microchip Devices

3) By Transponder Microchips: Passive RFID Microchips, Active RFID Microchips, Biocompatible Transponders

4) By Other Types: Temperature-Sensing Microchips, Injectable Biosensor Microchips, Advanced Multi-Function Implants

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Which Areas Are Leading Regions in the Animal Microchip Implant Market Expansion Across the Globe?

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 the animal microchip implant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Market Trends in the Animal Microchip Implant Market Over the Coming Years?

The animal microchip implant market is dominated by key businesses that are focusing their efforts on creating innovative solutions, like advanced pet microchips, to keep their market position. These next-gen implants come with features like temperature tracking, app connectivity, and superior data security, enriching pet health monitoring and offering owners easy access to essential details. For example, in November 2022, the American pharmaceutical firm MSD Animal Health launched its inventive product, the HomeAgain Thermochip. Apart from its unique identifier function, this pet microchip is also capable of measuring subcutaneous temperature. This two-in-one chip facilitates hassle-free, precise temperature monitoring while also scanning pet ID, thereby aiding routine health examinations and medical treatment. The Thermochip, which is compatible with common microchip readers, is suitable for a range of animals and can be integrated with the HomeAgain Pet Recovery Database for efficient reunion of lost pets. The Thermochip is a handy, trustworthy tool for tracking both a pet’s identification and its health, thereby boosting veterinary attention and pet safety.

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How Is the Animal Microchip Implant Market Conceptually Defined?

An animal microchip implant is a small electronic device, about the size of a grain of rice, that is inserted under the skin of an animal-usually between the shoulder blades. The chip contains a unique identification number that can be read by a special scanner, allowing veterinarians, animal shelters, and authorities to access the owner’s contact information from a database and help reunite lost pets with their families.

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