The South & Central America pet ID microchips market is expected to grow from US$ 4.24 million in 2022 to US$ 5.66 million by 2028. It is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Customized Offerings in Pet ID Microchips is Driving the South & Central America Pet ID Microchips Market
Microchip placement in pet animals has gained widespread acceptance across the region. There is an increasing demand for customized pet ID microchips with exact alpha-numeric identification codes of up to 15 characters. Each microchip is securely encrypted and customized according to owner's requirements in terms of the radio frequencies, licensing, and unique ID number of the chip. Furthermore, microchips are tiny and durable, designed to last and function in any circumstance. Furthermore, with different countries' ISO standards for animal identification, pet owners demand customized ISO-compatible microchips for their pets. MICROCHIP ID SYSTEMS, INC., a manufacturer of ISO-certified microchips that are humanely and safely implanted in pets, has designed a special “EquineChip” for equestrians who need to make sure their horses are in perfect shape for upcoming races and games. As a result, the rising demand for customized pet ID microchips bolsters the South & Central America pet ID microchips market growth during the forecast time.South & Central America Pet ID Microchips Market Overview
The SAM region consists of several developing economies, such as Brazil, Argentina, and Chile. According to the Datamars, more than 57 million pet dogs and ~26 million pet cats are in Brazil. Although pet microchipping is not required in Brazil, every year, approximately one million animals are implanted with a microchip by their owners. Similarly, pet microchipping is also not mandatory in Argentina. However, if shipping pets or traveling with pets to Argentina, it is mandatory that a 15-digit ISO-compliant pet microchip should be implanted in the pet. Also, as pet microchips help owners reunite with their pets when lost, their adoption in the country is increasing. In addition, a pet microchip carries the medical information of the pet, which is further raising the demand for pet ID microchips in the South & Central America market. Thus, all the above factors are fuelling the South & Central America pet ID microchips market growth during the forecast time.South & Central America Pet ID Microchips Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Pet ID Microchips Market Segmentation
The South & Central America pet ID microchips market is segmented into pet type, end user, and country.- Based on pet type, the South & Central America pet ID microchips market is segmented intohorses, dogs, cats, and others. The dogs segment held the largest market share in 2022.
- Based on end user, the South & Central America pet ID microchips market is segmented into breeders, households, pet shops, and others. The others segment held the larger market share in 2022.
- Based on country, the South & Central America pet ID microchips market is segmentedinto Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Pet ID Microchips Market - By Pet Type
1.3.2 South & Central America Pet ID Microchips Market - By End User
1.3.3 South & Central America Pet ID Microchips Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Pet ID Microchips Market Landscape
4.1 Market Overview
4.2 South & Central America- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America 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- South & Central America Analysis
6.1 South & Central America Pet ID Microchips Market Overview
6.2 South & Central America Pet ID Microchips Market - Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Pet ID Microchips Market Analysis - By Pet Type
7.1 Overview
7.2 South & Central America Pet ID Microchips Market, By Pet Type (2021 and 2028)
7.3 Horses
7.3.1 Overview
7.3.2 Horses: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Dogs
7.4.1 Overview
7.4.2 Dogs: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
7.5 Cats
7.5.1 Overview
7.5.2 Cats: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
8. South & Central America Pet ID Microchips Market Analysis - By End User
8.1 Overview
8.2 South & Central America Pet ID Microchips Market Breakdown, By End User, 2021 & 2028
8.3 Breeders
8.3.1 Overview
8.3.2 Breeders: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Households
8.4.1 Overview
8.4.2 Households : South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
8.5 Pet Shops
8.5.1 Overview
8.5.2 Pet Shops : South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others : South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
9. South & Central America Pet ID Microchips Market - Country Analysis
9.1 Overview
9.1.1 South & Central America Pet ID Microchips Market Breakdown, by Country
9.1.1.1 Brazil: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.1.1 Brazil: South & Central America Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.1.2 Brazil: South & Central America Pet ID Microchips Market Breakdown, By End User
9.1.1.2 Argentina: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.2.1 Argentina: South & Central America Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.2.2 Argentina: South & Central America Pet ID Microchips Market Breakdown, By End User
9.1.1.3 Rest of South & Central America: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028
9.1.1.3.1 Rest of South & Central America: South & Central America Pet ID Microchips Market Breakdown, By Pet Type
9.1.1.3.2 Rest of South & Central America: South & Central America 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 Avid Identification Systems Inc
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 Trovan Ltd
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 Virbac SA
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
11.5 Elanco Animal Health Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index
List of Tables
Table 1. South & Central America Pet ID Microchips Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. South & Central America Pet ID Microchips Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Pet ID Microchips Market, by Pet Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: South & Central America Pet ID Microchips Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South & Central America Pet ID Microchips Market, by Pet Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: South & Central America Pet ID Microchips Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America: South & Central America Pet ID Microchips Market, by Pet Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South & Central America: South & Central America Pet ID Microchips Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
List of Figures
Figure 1. South & Central America Pet ID Microchips Market Segmentation
Figure 2. South & Central America Pet ID Microchips Market Segmentation - By Country
Figure 3. South & Central America Pet ID Microchips Market Overview
Figure 4. Dogs Segment Held the Largest Share of South & Central America Pet ID Microchips Market
Figure 5. Brazil to Show Great Traction During Forecast Period
Figure 6. South & Central America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. South & Central America Pet ID Microchips Market Impact Analysis of Drivers and Restraints
Figure 9. South & Central America Pet ID Microchips Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. South & Central America Pet ID Microchips Market Breakdown, By Pet Type, 2021 & 2028 (%)
Figure 11. Horses: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Dogs: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Cats: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Others: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. South & Central America Pet ID Microchips Market Breakdown, By End User, 2021 & 2028 (%)
Figure 16. Breeders: South & Central America Pet ID Microchips Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Households Market Revenue and Forecast to 2028(US$ Million)
Figure 18. Pet Shops Market Revenue and Forecast to 2028(US$ Million)
Figure 19. Others Market Revenue and Forecast to 2028(US$ Million)
Figure 20. South & Central America Pet ID Microchips Market, by Key Country - Revenue (2021) (US$ Million)
Figure 21. South & Central America Pet ID Microchips Market Breakdown, by Country, 2021 & 2028 (%)
Figure 22. Brazil: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Argentina: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of South & Central America: South & Central America Pet ID Microchips Market, Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Avid Identification Systems Inc
- Elanco Animal Health Inc
- Merck & Co Inc
- Trovan Ltd
- Virbac SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4.24 Million |
| Forecasted Market Value ( USD | $ 5.66 Million |
| Compound Annual Growth Rate | 4.9% |
| No. of Companies Mentioned | 5 |
