Pet Insurance Market Size published by Fortune Business Insights is a vital asset that offers qualitative and quantitative factors of the Pet Insurance Market . The research study and methodologies mentioned in the report examine the critical vendors by considering their contribution to the global market. Furthermore, the report offers an in-depth insight into leading players’ performance based on revenue generation and client requirements. Also, the research report reveals market characteristics of fragmentation, dominance, amalgamation traits, and accumulation.
The global pet insurance market size stood at USD 6.05 billion in 2018 and is projected to reach USD 11.25 billion by 2026, exhibiting a CAGR of 8.0% during the forecast period.
The report also highlights top graded market insights by monitoring market share, trends, and size with all-inclusive information. In addition, the report provides market classification by incorporating information about recent developments, new product launches, geographies, and investments. Finally, the Pet Insurance Market research report offers in-depth insights about future technologies, product developments & R&D activities.
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Key Benefits for Industry Participants & Stakeholders:
• Coverage of industry growth drivers, limitations, and challenges
• Unbiased assessment of market performance
• Current market changes and trends
• The competitive environment and major players’ strategies
• Coverage of promising development locations, potential niche markets, and
• Market size, both historically and going forward, in terms of value
• A comprehensive examination of the market
• New trends and market possibilities
• COVID-19’s Effect on the Global Market
Estimation of Market Size
The total size of the Pet Insurance Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size
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Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Pet Insurance Market Drivers:
Rising pet adoption across various countries is one of the significant factor boosting product demand and thereby augmenting market growth. For instance, as per The American Society for the Prevention of Cruelty to Animals (ASPCA), it is estimated that in 2018, 78 million dogs and 85.8 million cats were owned in the U.S. Moreover, rising pet insurance penetration across various countries in Europe is another considerable factor boosting product demand. For instance, the U.K. was one of the top countries with the highest pet insurance penetration rate of 25% in 2017. Also, Sweden was the first country to write the first animal insurance policy in 1924 which focused on horses and livestock at the time. Furthermore, the rising prevalence of zoonotic diseases among companion animals is also one of the major reasons influencing people to adopt pet insurance, thus contributing to expansion of the market.
Top Companies present in the Pet Insurance Market Size Report are:
- Nationwide Mutual Insurance Company
- Healthy Paws Pet Insurance, LLC.
- Embrace Pet Insurance Agency, LLC
- Figo Pet Insurance LLC.
- Anicom Holdings
- Agria Pet Insurance Ltd
- Pets Best Insurance Services, LLC.
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Scope of this Report:
• This report segments the global Pet Insurance Market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Pet Insurance Market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in Pet Insurance Market have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Table Of Contents :
- Pet Insurance Market , Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Moreover, Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Moreover, Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
- Impact of COVID-19 on Market
- Key Findings / Moreover, Summary
- North America Sales, Revenue and Market Share by Country
- North America Sales and Pet Insurance Market Share by Country (2021-2028)
- North America Revenue and Market Share by Country (2021-2028)
- United States Sales and Growth Rate (2021-2028)
- Canada Sales and Growth Rate (2021-2028)
- Mexico Sales and Growth Rate (2021-2028)
- North America Sales, Revenue and Market Share by Country
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