Global Veterinary Microchips Market to Hit USD 2,401.31 Mn by 2035 | CAGR 10.5%

Read more about this report- Global Veterinary Microchips Market to Hit USD 2,401.31 Mn by 2035 | CAGR 10.5%

• Metatech Infographics: Smart Data, Market Segments, and Future Trends at a Glance.
• The Veterinary Microchips Market is projected to increase to USD 2,401.31 million by 2035 with a CAGR of approximately 10.5% over the period 2025-2035, with USD 798.3 million recorded in 2024 and USD 882.36 million recorded in 2025.
• The veterinary microchips market is growing as more people are now in need of pet identification, disease monitoring, theft prevention and wildlife protection. Market growth is also being spurred by increasing awareness of animal health management, increasing pet ownership, and the necessity to have secure livestock monitoring. Difficulties are that it is very expensive to implant the microchips initially and that implantation and scanning require qualified staff. The new opportunities are in the GPS-enabled microchips, and combination with the digital health records and the advanced RFID technology.
• The market in veterinary microchips can be divided into segments (such as product type (microchip implants, microchip scanners and others), application (pet recovery and identification, disease tracking and vaccination management, theft prevention, wildlife monitoring and conservation, livestock management and others), animal type (companion animals, livestock animals, and others), technology (passive RFID microchips, active RFID microchips, GPS microchips), distribution channel (direct sales, online platforms and e-commerce, veterinary distributors, retail pet stores, and others), and end-user
• The use of microchip implants and scanners is gaining popularity owing to their capability to offer dependable identification, enhance the safety of animals, and facilitate disease management programs. According to the increasing usage of companion animals and the focus on the security of livestock, market growth is also stimulated.
• Technological adaptation: The market is experiencing technological change with GPS-enabled microchips, active RFID tracking, and digital veterinary health records integration, which provide an accurate tracking and control system of animals.
• Yet, to grow the market, factors such as a rising level of veterinary healthcare expenditure, an improving animal health infrastructure, and an awareness of animal welfare will help. North America and Europe control the market as they have developed veterinary infrastructure, and the Asia-Pacific region presents a great growth opportunity as pet owners are increasing and livestock production is rising.
• Miden Medical, Midmark Corporation, Vetronic Services Ltd, and ICU Medical are major working companies in the veterinary microchips market that have contributed to the growth of the market by introducing new products, expanding distribution channels, and strategic alliances to enhance animal identification and tracking.