Global Pet Insurance Market, By Product Type (Non-lifetime Cover Pet Insurance, Lifetime Cover Pet Insurance, Accident-only Pet Insurance), Animal Type (Dogs, Cats, Horses, Others), End Use (Agency, Broker, Bancassurance, Direct Writing), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa), Market Trends and Forecast to 2027
Market Analysis and Insights of Global Pet Insurance Market
Pet insurance market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 11.62 billion by 2027 growing at a CAGR of 14.9% in the above-mentioned forecast period. Increasing preferences of pet humanization and rising demand of pet grooming and care products will uplift the growth of the market.
Surging volume of companion animal, increasing health benefits of pet ownership, rising demand of innovative pet insurance along with rising veterinary service cost will likely to surge the growth of the pet insurance market in the forecast period of 2020-2027. On the other hand low penetration rate will further boost many opportunities that will lead to the growth of the pet insurance market in the mentioned forecast period.
Lack of awareness regarding pet insurance in developing economies along with high cost of pet insurance policies will hamper the growth of the pet insurance market in the above mentioned forecast period.
This pet insurance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pet insurance market contact Data Bridge Market Research for an Analyst Brief,our team will help you take an informed market decision to achieve market growth.
Global Pet Insurance Market Scope and Market Size
Pet insurance market is segmented on the basis of product type, animal typeand end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, pet insurance market is segmented into non-lifetime cover pet insurance, lifetime cover pet insurance, and accident-only pet insurance.
- Pet insurance market has also been segmented based onthe end use into agency, broker, bancassurance, and direct writing.
- Based on animal type, pet insurance market is segmented into dogs, cats, horses, and others.
Pet Insurance Market Country Level Analysis
Pet insurance market is analysed and market size insights and trends are provided by country, product type, animal typeand end use as referenced above.
The countries covered in the pet insurance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the pet insurance market due to the prevalence of various companies along with favourable insurance policies, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the growing adoption of pet and growth of economy.
The country section of the pet insurance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Pet insurance market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for pet insurance market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pet insurance market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Pet Insurance Market Share Analysis
Pet insurance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pet insurance market.
The major players covered in the pet insurance market report are Allianz Insurance plc, Nationwide, Trupanion., United States Fire Insurance Company, Pethealth Inc., PetFirst, American Modern Insurance Group, Inc., RSA, U K Insurance Limited, Agria Pet Insurance Ltd, Petsecure Pet Health Insurance., PetSure (Australia) Pty Ltd., Figo Pet Insurance LLC., Healthy Paws Pet Insurance, LLC., Hollard, Oneplan., The Oriental Insurance Company Ltd.,among other domestic and globalplayers. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa(MEA) and South America separately. DBMR analystsunderstand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Pet Insurance Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.