News
Pet Insurance Market Size to Showcase Attractive Growth Opportunities Worldwide, Growth Prospects, Trends, Increasing Demands and Sales 2022 to 2028
The global Pet Insurance Market report 2021 Will Provide You With Analysis Of Impact Of Latest Market Disruptions Such As Russia-Ukraine War And Covid-19 On The Market. Pet Insurance Market Report Includes In-Depth Segmentation And Market Size Data By Categories, Product Types, Applications, And Geographies. Report Also Includes Comprehensive Analysis, Trends And Drivers, Restraints And Challenges, Competitive Landscape Etc.
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.
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Major Pet Insurance Market Manufacturers covered in the market report include:
- Trupanion
- Nationwide Mutual Insurance Company
- ASPCA
- Healthy Paws Pet Insurance, LLC.
- Embrace Pet Insurance Agency, LLC
- Figo Pet Insurance LLC.
- Anicom Holdings
- Agria Pet Insurance Ltd
- 24PetWatch
- Pets Best Insurance Services, LLC.
Pet Insurance Market Main Drivers:
High-impact rendering factors and drivers have been studied in this report to assist readers in understanding general development. In addition, the report includes restraints and challenges that can serve as stumbling blocks in the path of players. This will help users to make business-related informed decisions. Industry experts also focused on the upcoming business prospects.
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.
Segmental Outlook:
Key segments, including types and applications, were detailed in this report. Market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period (2016-2021) and forecast period (2021-2028).
This Report Also Includes:
- Fortune Business Insights™ Methodology
- Tactics and suggestions for new entrants
- Segmentation analysis
- Economic indices
- Companies strategic developments
- Market growth drivers and restraints
- Selected illustrations of the market penetrations and trends
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Regional Framework:
The Pet Insurance Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global Pet Insurance Market industry by breaking it into region-wise assessments. The consultation and business analysis will help interested stakeholders, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
What Information does this report contain?
- Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2029.
- Expert analysis: Industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7 year performance forecasts: Major segments covering applications, top products and geographies.
- Competitive landscape reporting: Pet Insurance Market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Key Questions Answered In The Report:
- What Will The Market Growth Rate Of Pet Insurance MarketI n 2028?
- What Are The Key Factors Driving The Global Market?
- Who Are The Key Manufacturers In Space?
- What Are The Market Opportunities, Market Risk And Market Overview Of The Global Market?
- What Are Sales, Revenue, And Price Analysis Of Top Manufacturers Of Global Market?
Table Of Contents :
1 Market Overview
1.1 Pet Insurance Market Introduction
1.2 Market Analysis By Type
1.3 Market Analysis By Applications
1.4 Market Analysis By Regions
1.4.1 North America (United States, Canada And Mexico)
1.4.1.1 United States Market States And Outlook (2021-2028)
1.4.1.2 Canada Market States And Outlook (2021-2028)
1.4.1.3 Mexico Market States And Outlook (2021-2028)
1.4.2 Europe (Germany, France, Uk, Russia And Italy)
1.4.2.1 Germany Market States And Outlook (2021-2028)
1.4.2.2 France Market States And Outlook (2021-2028)
1.4.2.3 Uk Market States And Outlook (2021-2028)
1.4.2.4 Russia Market States And Outlook (2021-2028)
1.4.2.5 Italy Market States And Outlook (2021-2028)
1.4.3 Asia-Pacific (China, Japan, Korea, India And Southeast Asia)
1.4.3.1 China Market States And Outlook (2021-2028)
1.4.3.2 Japan Market States And Outlook (2021-2028)
1.4.3.3 Korea Market States And Outlook (2021-2028)
1.4.3.4 India Market States And Outlook (2021-2028)
1.4.3.5 Southeast Asia Market States And Outlook (2021-2028)
1.4.4 South America, Middle East And Africa
1.4.4.1 Brazil Market States And Outlook (2021-2028)
1.4.4.2 Egypt Market States And Outlook (2021-2028)
1.4.4.3 Saudi Arabia Market States And Outlook (2021-2028)
1.4.4.4 South Africa Market States And Outlook (2021-2028)
1.4.4.5 Turkey Market States And Outlook (2021-2028)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Toc Continue…
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