Asia Pacific Pet ID Microchips Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– By Pet Type (Horses, Dogs, Cats, and Others) and End User (Breeders, Households, Pet Shops, and Others)
The Asia Pacific pet ID microchips market is expected to grow from US$ 16.38 million in 2022 to US$ 24.05 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.
Enforcements by Regulatory Bodies is Driving the Asia Pacific 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. Furthermore, there is a growing compulsion for cat microchipping to improve the identification and reunification of missing and stolen pets. Therefore, enforcement by regulatory bodies for compulsory pet microchipping and scanning is driving the Asia Pacific pet ID microchips market growth during the forecast period.
Market Overview
The Asia Pacific pet ID microchips market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Countries such as Australia, Japan, New Zealand, Singapore, and South Korea, as well as some parts of China, have made microchipping mandatory to track pets. In 2020, the government of Shenzhen, China, made dog microchipping mandatory. From 2013, according to the law of South Korea, all dogs over three months old are required to have an ISO-standard microchip implanted. Similarly, in Singapore, all dogs must be licensed and microchipped for traceability and rabies control. In New Zealand, microchipping is required for all dogs registered except for working farm dogs. In May 2022, Japan made it mandatory for pet dogs and cats to be implanted with microchips. Thus, such initiatives by governments to make microchipping mandatory are raising the demand for pet ID microchips in Asia-Pacific.
According to the Chinese government rule, pets traveling to China need to be implanted with an ISO11784 and ISO11785 compatible microchip for the radio frequency identification (RFID) of animals, which is a 15-digit code. Similarly, all the pet dogs and cats shipped to South Korea must be implanted with microchips. Also, any cat and dog entering Singapore from other countries must first be identified with an ISO-compliant pet microchip that is non-encrypted. Thus, such rules set by the country governments are further fueling the market's growth in the region. Some major pet ID microchip manufacturers in Asia-Pacific are OzMircochips; ID Tech; Allflex Livestock Intelligence; Sails RFID Smart Card Technology Co., Limited; and Shenzhen Union Smart Card Co., Ltd.; among others. These companies manufacture microchips according to the ISO standard.
Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Pet ID Microchips Market Segmentation
The Asia Pacific pet ID microchips market is segmented into pet type, end user, and country.
Based on pet type, the Asia Pacific pet ID microchips market is segmented into horses, dogs, cats, and others. The dogs segment held the largest market share in 2022.
Based on end user, the Asia Pacific pet ID microchips market is segmented into breeders, households, pet shops, and others. The breeders segment held the larger market share in 2022.
Based on country, the Asia Pacific pet ID microchips market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Elanco Animal Health Inc; Merck & Co Inc; Trovan Ltd; and Virbac SA are the leading companies operating in the Asia Pacific pet ID microchips market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Pet ID Microchips Market – By Pet Type
1.3.2 Asia Pacific Pet ID Microchips Market – By End User
1.3.3 Asia Pacific Pet ID Microchips Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Pet ID Microchips Market Landscape
4.1 Market Overview
4.2 Asia Pacific- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Pet ID Microchips Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Enforcements by Regulatory Bodies
5.1.2 Customized Offerings in Pet ID Microchips
5.2 Market Restraints
5.2.1 Lack of Awareness Related to Pet ID Microchips and Associated Benefits
5.2.2 Lack Of GPS Tracking Technology in Pet ID Microchip Implants
5.3 Market Opportunities
5.3.1 Increasing Spending on Pets and Surging Demand for Sophisticated Technologies from Tech-Savvy Pet Owners
5.4 Future Trends
5.4.1 Microchips with Integrated Temperature Sensor
5.5 Impact Analysis of Drivers and Restraints
6. Pet ID Microchips Market – Asia Pacific Analysis
6.1 Asia Pacific Pet ID Microchips Market Overview
6.2 Asia Pacific Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Pet ID Microchips Market Analysis – By Pet Type
7.1 Overview
7.2 Asia Pacific Pet ID Microchips Market, By Pet Type (2021 and 2028)
7.3 Horses
7.3.1 Overview
7.3.2 Horses: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Dogs
7.4.1 Overview
7.4.2 Dogs: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Cats
7.5.1 Overview
7.5.2 Cats: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
8. Asia Pacific Pet ID Microchips Market Analysis – By End User
8.1 Overview
8.2 Asia Pacific Pet ID Microchips Market Breakdown, By End User, 2021 & 2028
8.3 Breeders
8.3.1 Overview
8.3.2 Breeders: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
8.4 Households
8.4.1 Overview
8.4.2 Households: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
8.5 Pet Shops
8.5.1 Overview
8.5.2 Pet Shops: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Pet ID Microchips Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Pet ID Microchips Market Breakdown, by Country
9.1.1.1 Australia: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.1.1 Australia: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.1.2 Australia: Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.1.1.2 China: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.2.1 China: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.2.2 China: Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.1.1.3 India: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.3.1 India: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.3.2 India: Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.1.1.4 Japan: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.4.1 Japan: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.4.2 Japan: Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.1.1.5 South Korea: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.5.1 South Korea: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.5.2 South Korea: Asia Pacific Pet ID Microchips Market Breakdown, By End User
9.1.1.6 Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market Breakdown, By End User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
10.5 Regulatory News
11. Company Profiles
11.1 Merck & Co Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Trovan Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Virbac SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Elanco Animal Health Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Pet ID Microchips Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market, By End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Pet ID Microchips Market Segmentation
Figure 2. Asia Pacific Pet ID Microchips Market Segmentation – By Country
Figure 3. Asia Pacific Pet ID Microchips Market Overview
Figure 4. Dogs Segment Held the Largest Share of Asia Pacific Pet ID Microchips Market
Figure 5. Australia to Show Great Traction During Forecast Period
Figure 6. Asia-Pacific: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Pet ID Microchips Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Pet ID Microchips Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 11. Horses: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Dogs: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Cats: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Others: Asia Pacific Pet ID Microchips Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 16. Breeders: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Households: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028(US$ Million)
Figure 18. Pet Shops: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028(US$ Million)
Figure 19. Others: Asia Pacific Pet ID Microchips Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Asia Pacific Pet ID Microchips Market, by Key Country- Revenue (2021) (US$ Million)
Figure 21. Asia Pacific Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 22. Australia: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia Pacific: Asia Pacific Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
- Elanco Animal Health Inc
- Merck & Co Inc
- Trovan Ltd
- Virbac SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific pet ID microchips market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.