Europe Pet ID Microchips Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis– By Pet Type (Horses, Dogs, Cats, and Others) and End User (Breeders, Households, Pet Shops, and Others)


No. of Pages: 116    |    Report Code: BMIRE00028105    |    Category: Electronics and Semiconductor

Europe Pet ID Microchips Market
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The Europe pet ID microchips market is expected to grow from US$ 29.53 million in 2022 to US$ 40.54 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

 

Enforcements by Regulatory Bodies is Driving the Europe Pet ID Microchips Market Growth

 

Veterinarians and animal-welfare charities across the region are embracing pet ID microchipping mandates imposed by regulatory bodies. The pet ID microchip helps properly identify pets and quickly reunite owners with lost or injured pets. In the UK, the government passed a regulation in 2016 for all pet owners to microchip their dogs and register their details on a centralized database. Also, in February 2020, the Cat’s Protection— UK's largest cat welfare charity made microchipping compulsory for all pet cats. In addition, with nearly 92% of dogs microchipped and a 15% decrease in stray dogs, the mandatory pet ID microchips for identification and reunification have proven beneficial in the country. Furthermore, there is a growing compulsion for cat microchipping to improve the identification and reunification of missing and stolen pets. In December 2021, according to the UK government consultation, nearly 99% of people supported compulsory cat microchipping. Owners are required to microchip their cats by the time their pet reaches 20 weeks of age. In addition, if owners fail to microchip their cats, they have 21 days for chip implant or may face a fine of up to US$ 600. Therefore, enforcement by regulatory bodies for compulsory pet microchipping and scanning is driving the Europe pet ID microchips markett growth in forecast period.

 

Market Overview

 

The Europe pet ID microchips market is sub segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The demand for pet ID microchips is rising in the region due to the enforcement of various regulations mandating pet microchipping. Also, to carry a pet to Europe or import them to Europe, it is mandatory to have an ISO-compatible chip implanted in the pet. The ISO requires that the microchip must meet 11784/11785 specifications. It should be a 15-digit non-encrypted microchip operating at 134.2 kHz and can be scanned by any scanner used by veterinarians and animal shelters. Travelers from North America carrying their pets to Europe can use HomeAgain and the AVID microchip brands, as these are compatible with ISO regulations, which can be implanted before traveling to Europe. In addition, implanting a microchip and its scanning prior to a rabies vaccination is also mandatory in Europe.  Under Spanish law, every cat, dog, or ferret must be microchipped and registered in the Animal Identification Registry. In the UK, earlier, it was compulsory for dogs to be microchipped, and in April 2022, the UK government has passed a law to compulsorily microchip cats. In Germany, according to the government's rule, when a person buys a pet, they need to obtain a license and register his pet at the citizen’s office. Though it is not legally required, it is highly advised to microchip the pet to keep tabs on its activities. Thus, such rules and advisories by the government of various countries are expected to boost the market's growth during the forecast period. The region consists of various market players such as Datamars SA, Trovan Ltd, Virbac SA, and PeddyMark Ltd. These players are regularly working on providing innovative microchips complying with all the ISO standards.

 

Europe Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)

Europe Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
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Europe Pet ID Microchips Strategic Insights

Strategic insights for the Europe Pet ID Microchips provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Pet ID Microchips Report Scope

Report Attribute Details
Market size in 2022 US$ 29.53 Million
Market Size by 2028 US$ 40.54 Million
Global CAGR (2022 - 2028) 5.4%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Pet Type
  • Horses
  • Dogs
  • Cats
By End User
  • Breeders
  • Households
  • Pet Shops
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Animalcare Group Plc
  • Avid Identification Systems Inc
  • Datamars SA
  • Elanco Animal Health Inc
  • Merck & Co Inc
  • PeddyMark Ltd
  • Pethealth Inc
  • Trovan Ltd
  • Virbac SA
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    Europe Pet ID Microchips Regional Insights

    The geographic scope of the Europe Pet ID Microchips refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Pet ID Microchips Market Segmentation

     

    The Europe pet ID microchips market is segmented into pet type, end user, and country.

     

    Based on pet type, the Europe pet ID microchips market is segmented into horses, dogs, cats, and others. The dogs segment held the largest Europe pet ID microchips market share in 2022. 

     

    Based on end user, the Europe pet ID microchips market is segmented into breeders, households, pet shops, and others. The breeders segment held the larger Europe pet ID microchips market share in 2022.

     

    Based on country, the Europe pet ID microchips market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe pet ID microchips market share in 2022.

     

    Animalcare Group Plc; Avid Identification Systems Inc; Datamars SA; Elanco Animal Health Inc; Merck & Co Inc; PeddyMark Ltd; Pethealth Inc; Trovan Ltd; and Virbac SA are the leading companies operating in Europe pet ID microchips market.

    The List of Companies - Europe Pet ID Microchips Market

    1. Animalcare Group Plc
    2. Avid Identification Systems Inc
    3. Datamars SA
    4. Elanco Animal Health Inc
    5. Merck & Co Inc
    6. PeddyMark Ltd
    7. Pethealth Inc
    8. Trovan Ltd
    9. Virbac SA
    Frequently Asked Questions
    How big is the Europe Pet ID Microchips Market?

    The Europe Pet ID Microchips Market is valued at US$ 29.53 Million in 2022, it is projected to reach US$ 40.54 Million by 2028.

    What is the CAGR for Europe Pet ID Microchips Market by (2022 - 2028)?

    As per our report Europe Pet ID Microchips Market, the market size is valued at US$ 29.53 Million in 2022, projecting it to reach US$ 40.54 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.

    What segments are covered in this report?

    The Europe Pet ID Microchips Market report typically cover these key segments-

    • Pet Type (Horses, Dogs, Cats)
    • End User (Breeders, Households, Pet Shops)

    What is the historic period, base year, and forecast period taken for Europe Pet ID Microchips Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Pet ID Microchips Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Europe Pet ID Microchips Market?

    The Europe Pet ID Microchips Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Animalcare Group Plc
  • Avid Identification Systems Inc
  • Datamars SA
  • Elanco Animal Health Inc
  • Merck & Co Inc
  • PeddyMark Ltd
  • Pethealth Inc
  • Trovan Ltd
  • Virbac SA
  • Who should buy this report?

    The Europe Pet ID Microchips Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Pet ID Microchips Market value chain can benefit from the information contained in a comprehensive market report.

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