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Global Pet Insurance Market By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insurance, Exotic Pet Insurance) By Policy Type (Lifetime Cover, Accident Cover, Illness cover, Non-Lifetime Cover, Accident Cover) and Region - Global Forecast to 2024
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Global Pet Insurance Market: Industry Insights & Opportunity Evaluation, 2016- 2024 Copyright © ResearchNester
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Global Pet Insurance MarketOverview Global Pet Insurance MarketBy Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insurance, Exotic Pet Insurance) By Policy Type (Lifetime Cover, Accident Cover, Illness cover, Non- Lifetime Cover, Accident Cover) and Region - Global Forecast to2024 Pet insurance coverage includes the partly or total reimbursement of veterinary treatment cost of the companion animal in case of accident or illness. Pet insurance cater to the insurance of many pets such as dog, cats, horse, rabbit, exotic and otheranimals. Market Size andForecast Global pet insurance market was estimated to be USD 2.6 Billion in 2016 and is expected to flourish at a CAGR of 11.8% during the forecast period. Further, the pet insurance market is expected to reach USD 5.7 Billion by the end of 2024.Rising number of pets across the globe is expected to garner the growth of global pet insurancemarket. Copyright © ResearchNester
In the regional platform, the market of global pet insurance has been dominated by North America. Additionally, North America is expected to continue its dominance over the forecast period due to heavy number of pet ownership in the region. Currently, more than 65% of the Americans have pets in their home. This factor is projected to fuel the growth of North America pet insurance market during the forecast period. U.S. has been one of the major countries contributing towards the growth of pet insurance market. Additionally, U.S. has the world’s largest pet population with 69,929,000 pet dogs and 74,059,000 pet cats. Europe is expected to capture second position in the overall pet insurance market. This can be attributed to the rising adoption of pets in the region. Moreover, European pet care market is growing at a high pace. This factor is anticipated to supplement the growth of pet Copyright © ResearchNester
insurance market in the Europe region. France, Germany and United Kingdom are the biggest market for pet insurance in theregion. For Sample Pages please go through linkbelow: http://www.researchnester.com/sample-request/2/rep-id-437 Asia Pacific is likely to showcase a lucrative growth during the forecast period due to the increasing number of companion animals and rising awareness about pet insurance. Additionally, increasing disposable income of the middle class population is expected to positively impact the growth of pet insurance market in the region. In the Asia Pacific region, China, Japan and India are the key countries making significant contribution to the growth of Asia Pacific pet insurance market. Latin America is projected to observe high growth rate during the forecast period on the account of high pet ownership in theregion. MarketSegmentation Our in-depth analysis has segmented global pet insurance market into the followingsegments: ByPolicy • DogInsurance • CatInsurance • RabbitInsurance Copyright © ResearchNester
• HorseInsurance • Exotic PetInsurance • Others • By PolicyType • LifetimeCover • AccidentCover • IllnessCover • Non-LifetimeCover • AccidentCover • IllnessCover • ByRegion • Global pet insurance market is further classified on the basis of region as follows: • North America (U.S. & Canada) Market size, Y-O-Y growth & OpportunityAnalysis • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & OpportunityAnalysis Copyright © ResearchNester
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & OpportunityAnalysis • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & OpportunityAnalysis • Middle East and North Africa (GCC, North Africa, South Africa & Rest of Middle East and Africa) Market Size and Y-O-Y Growth Analysis • Growth Drivers &Challenges • Significant rise in the number of pet ownership has been witnessed in recent years. Additionally, this number is expected to increase during the forecast period owing to the various healthcare benefits such as low blood pressure and reduced anxiety. Apart from this, pet owners are getting more concerned about the health of their pets. These factors are expected to propel the growth of the global pet insurancemarket. • Request For TOC Here: http://www.researchnester.com/toc- request/1/rep-id-437 • Rise in pet healthcare spending is also believed to be the dynamic factor behind the growth of global pet insurance market. In the previous decade,thespendingonthepethealthcareandwelfarehasincreased Copyright © ResearchNester
about 20%. Further, the increasing willingness of the pet owners to spend on their companion animals is likely to drive the growth of the global pet insurancemarket. In contrast, the lack of awareness about insurance policies in developing and undeveloped nations is restricting the growth of the global pet insurance. Further, high cost of pet insurance is expected to dampen the growth of pet insurance market across theglobe. KeyPlayers • PethealthInc. • CompanyOverview • Key ProductOfferings • BusinessStrategy • SWOTAnalysis • Financials • Embrace Pet InsuranceAgency • Royal & Sun Alliance(RSA) • Agria Pet InsuracneLtd. • HartvilleGroup • PetfirstHealthcare Copyright © ResearchNester
• Petplan PetInsurance • Nationwide PetInsurance • Petsecure Pet HealthInsurance • PetSure PtyLtd. • Scope andContext • Overview of the Parent Market AnalystView • Segmentation • The global pet insurance market is segmented asfollows: • By Policy Market Size & Y-O-Y GrowthAnalysis • By Policy Type Channel Market Size & Y-O-Y GrowthAnalysis • By Region Market Size & Y-O-Y GrowthAnalysis MarketDynamics Supply & Demand Risk CompetitiveLandscape Porter’s Five Force Model Geographical EconomicActivity Copyright © ResearchNester
Key Players (respective SWOT Analysis) and their Strategies and ProductPortfolio Recent Trends and Developments Industry Growth Drivers and Challenges Key Information for Players to establish themselves in current dynamic environment To know more about Global Pet Insurance Market, please visit: http://www.researchnester.com/reports/pet- insurance-market-global-demand-analysis-opportunity-outlook- 2024/437 For More Info/Enquiry, Please Visit us at: ResearchNester 1820 AvenueM, Suite#1113 Brooklyn, New York11230 U.S. (T) +1 646 5869123 Canada (T) +1 437 8893230 U.K. (T) +44 203 6085919 India (T) +91 120 6605495 www.researchnester.com, info@researchnester.com Copyright © ResearchNester