Market Overview
The veterinary microchips market is experiencing significant growth, driven by various factors including increased pet ownership, regulatory requirements, and advancements in microchip technology. The Global Veterinary Microchips Market stood at USD 0.64 Billion in 2023 and is expected to reach USD 1.05 Billion by 2029 with a CAGR of 8.76% during the forecast period.
Key Drivers
Pet Humanization: As pet owners increasingly view their pets as family members, there is a heightened em