Pet Insurance Market 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.
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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.
Why buy Pet Insurance Market report?
- The report offers a comprehensive evaluation of the Global Pet Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research.
- The report includes an in-depth market analysis using Porter’s 5 forces model and the Ans off Matrix. In addition, the impact of Covid-19 on the Pet Insurance Market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The Pet Insurance Market Size report also contains the competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Analysis and Findings of the Pet Insurance Market Report:
- An in-depth analysis of the Pet Insurance Market across regions North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Market sales are anticipated to grow throughout the forecast period?
- How geopolitical policies and technical changes will affect the Pet Insurance Market Size in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Pet Insurance Market industry during the forecast period
- Who are the industry leaders and what are the key initiatives taken by them for long term growth?
Top Companies present in the Pet Insurance Market 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.
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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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.
Table Of Contents :
- Definition, By Segment
- Research Approach
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Fixed Crane Market Analysis, Insights and Forecast, 2015-2026
- Key Findings
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