Pet ID Microchips Market is driven by increasing pet adoption and safety concerns The pet ID microchips market comprises microchip implants used for pet identification and returning lost pets to their owners. Microchips are passive RFID implants injected under a pet's skin and provide a unique identification number. They allow veterinarians and animal shelters to scan the chip and access a pet's medical records and owner details from a central database. Companion animals are commonly microchipped for permanent identification. The rising trend of pet humanization and awareness about animal welfare have boosted pet ownership in recent years. According to the American Pet Products Association, 70% of US households own a pet. Owners are increasingly microchipping their animals for safety in case they get lost or stolen. Global Pet ID Microchips Market is estimated to be valued at USD 96.4 Mn in 2024 and is expected to reach USD 142.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Key players operating in the pet ID microchips market are Pethealth, HomeAgain, Bayer, AVID Identification Systems, Datamars, Trovan, Ltd., Virbac, Animalcare, Ltd., Microchip4Solutions Inc., and PeddyMark. Key Takeaways Key players: Pethealth and HomeAgain dominate the Pet ID Microchips Market Demand with their proprietary pet recovery services leveraging microchip databases. Bayer is a leading suppliers of microchips and implants for companion animals. Other players are focusing on RFID technology and solutions for livestock tracking and monitoring. Pet ID Microchips Market-https://www.coherentmarketinsights.com/industry-reports/pet-id-microchips-market