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Pet Insurance Market Size to Reach USD 13 Billion by 2025 – Arizton

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Pet Insurance Market Size to Reach USD 13 Billion by 2025 – Arizton

November 10
02:08 2020

The global pet insurance market size is expected to grow at a CAGR of over 20% during the period 2019–2025.

 

The rapid growth in the number of animal owners in the past decade across the globe, especially in the US, Canada, the UK, and Sweden, where dogs and cats are treated as family members, will influence the industry significantly. The increasing popularity of pet humanization concept is increasing the demand for grooming and care products. Owners, especially millennials, are willing to spend more on their companion animals to ensure a healthy and secure life. The US household spent more than $72 billion in 2018 on pet medical insurance care, which is 4.5% higher than in 2017.

 

The following factors are likely to contribute to the growth of the pet insurance market during the forecast period:

  • Increased Awareness of Pet Insurance
  • High Interest of Millennials in Pets
  • Popularity of Pet Humanization Concept

 

The study considers the present scenario of the pet insurance market and dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

 

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Pet Insurance Market – Vendor Profiles

 

Key Vendors

  • Nationwide
  • Trupanion
  • Healthy Paws Pet Insurance
  • PetPlan
  • Agria

 

Other Prominent Vendors

  • Crum & Forster
  • Hartville Pet Insurance
  • Embrace Pet Insurance
  • Pet Secure
  • RSA
  • Pet Plan (North America)
  • Directline
  • Anicom Holding
  • Ipet Insurance
  • Japan Animal Club
  • Pet Insurance
  • Bow Wow Meow
  • 1300 Insurance
  • Petsy
  • Kogan
  • Prime Pet Insurance
  • Pet Secure
  • Pets Best
  • Bupa
  • Sainsbury
  • Allstate
  • Figo
  • ASPCA
  • Mapfre
  • HKT Financial Services
  • Oriental
  • Dot Sure
  • Pet Sure
  • Medipet
  • One Plan
  • Hollard
  • Pet Assure
  • Dog Sure
  • Paw Paw
  • Geico
  • LV
  • Liberty
  • Santalucia
  • Inov Expat
  • Caser
  • Protectapet
  • New India Assurance
  • Waggel
  • Understand Insurance
  • Pets Plus Us
  • 24 Pet Watch
  • Animal Friends
  • Cat Sure
  • Kido
  • Rogz
  • Solver
  • 365 Pet Insurance
  • Barmenia Direkt
  • Gunn & Partner
  • Helvetia
  • Reaal Dier & Zorg
  • Ohra
  • Hema
  • April
  • Bulle Bleue
  • ECA
  • My French House
  • Picc
  • Meritz
  • Samsung Fire & Marine
  • Lotte Non-Life Insurance
  • Hyundai Marine & Fire Insurance
  • United India
  • HappyTails
  • AIA
  • CIMB
  • 4 Paws
  • Toto
  • If
  • FWD
  • MSIG

 

Pet Insurance Market – Segmentation

 

Market Segmentation by Insurance Type

  • Accidents and Illness
  • Accident Only

Market Segmentation by Animal Type

  • Dogs
  • Cats
  • Others

 Market Segmentation by Distribution

  • Agency
  • Bancassurance
  • Brokers
  • Direct Writing

 Market Segmentation Geography

  • APAC
    • China
    • Japan
    • Australia
    • South Korea
  • Europe
    • Germany
    • France
    • UK
    • Sweden
    • Netherlands
  • North America
    • US
    • Canada
  • MEA
    • South Africa
  • Latin America
    • Brazil
    • Mexico

 

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Pet Insurance Market – Table of Contents

 

1              Research Methodology

2              Research Objectives

3              Research Process

 

4              Scope & Coverage

4.1          Market Definition

4.1.1      Inclusions

4.1.2      Exclusions

4.2          Base Year

4.3          Scope of the study

4.4          Market Segments

4.4.1      Market Segmentation by Insurance type

4.4.2      Market Segmentation by Applications

4.4.3      Market Segmentation by Distribution

4.4.4      Market Segmentation by Geography

 

5              Report Assumptions & Caveats

5.1          Key Caveats

5.2          Currency Conversion

5.3          Market Derivation

 

6              Market at a Glance

7              Introduction

7.1          Overview

 

8              Market Dynamics

8.1          Market Growth Enablers

8.1.1      Rise in Number of Pet Owners

8.1.2      Awareness about Pet Insurance

8.1.3      Increased Spending on Pet & Pet Products

8.2          Market Growth Restraints

8.2.1      Stigma Towards Costs Associated with Pet Insurance

8.2.2      Fraudulent Activities Associated with Pet Insurance

8.3          Market Opportunities & Trends

8.3.1      Rise in Online Claims

8.3.2      Rise in Millennials Interest for Pets

8.3.3      Rise in Pet Humanization

 

9              Global Pet Insurance Market

9.1          Market Overview

9.2          Market Size & Forecast

9.3          Five Forces Analysis

9.3.1      Threat of New Entrants

9.3.2      Bargaining Power of Suppliers

9.3.3      Bargaining Power of Buyers

9.3.4      Threat of Substitutes

9.3.5      Competitive Rivalry

 

10           Pet Insurance Market by Insurance Type

10.1        Market snapshot & Growth Engine

10.2        Market Overview

10.3        Accident & Illness

10.3.1    Market Size & Forecast

10.3.2    By Geography: Market Size & Forecast

10.3.3    By Dogs: Market Size & Forecast

10.3.4    By Cats: Market Size & Forecast

10.3.5    By Other Pets: Market Size & Forecast

10.4        Accident only

10.4.1    Market Size & Forecast

10.4.2    By Geography: Market Size & Forecast

10.4.3    By Dogs: Market Size & Forecast

10.4.4    By Cats: Market Size & Forecast

10.4.5    By Other Pets: Market Size & Forecast

 

11           Pet Insurance Market by Animal Type

11.1        Market Snapshot & Growth Engine

11.2        Market Overview

11.3        Dogs

11.3.1    Market Size & Forecast

11.3.2    By Geography: Market Size & Forecast

11.3.3    Accident & Illness Policy: Market Size & Forecast

11.3.4    Accident Only:  Market Size & Forecast

11.4        Cats

11.4.1    Market Size & Forecast

11.4.2    By Geography: Market Size & Forecast

11.4.3    Accident & Illness Policy: Market Size & Forecast

11.4.4    Accident-only Policy: Market size & Forecast

11.5        Others

11.5.1    Market Size & Forecast

11.5.2    By Geography: Market Size & Forecast

11.5.3    Accident & Illness Policy: Market size & Forecast

11.5.4    Accident Only Policy: Market size & Forecast

 

12           Pet Insurance Market by Distribution Type

12.1        Market Snapshot & Growth Engine

12.2        Market Overview

12.2.1    Agency

12.2.2    Brokers

12.2.3    Bancassurance

12.2.4    Direct Writing

12.3        Future of Pet Insurance Distribution Channel

 

13           Pet Insurance Market by Geography

13.1        Market Snapshot & Growth Engine

13.2        Overview

 

14           Europe

14.1        Market Overview

14.2        By Policy Type

14.2.1    Market Size & Forecast

14.3        By Animal Type

14.3.1    Market Size & Forecast

14.4        By Distribution Channel

14.4.1    Market Size & Forecast

14.5        Key Countries

14.5.1    UK: Pet Insurance Market Size & Forecast

14.5.2    Sweden: Market Size & Forecast

14.5.3    France: Pet Insurance Market Size & Forecast

14.5.4    Germany: Market Size & Forecast

14.5.5    Netherlands: Pet Insurance Market Size & Forecast

 

15           North America

15.1        Market Overview

15.2        By Policy Type

15.2.1    Market Size & Forecast

15.3        By Animal Type

15.3.1    Market Size & Forecast

15.4        By Distribution Channel

15.4.1    Market Size & Forecast

15.5        Key Countries

15.5.1    US: Pet Insurance Market Size & Forecast

15.5.2    Canada: Market Size & Forecast

 

16           APAC

16.1        Market Overview

16.2        By Policy Type

16.2.1    Market Size & Forecast

16.3        By Animal Type

16.3.1    Market Size & Forecast

16.4        By Distribution Channel

16.4.1    Market Size & Forecast

16.5        Key Countries

16.5.1    Australia: Pet Insurance Market Size & Forecast

16.5.2    China: Market Size & Forecast

16.5.3    Japan: Pet Insurance Market Size & Forecast

16.5.4    South Korea: Market Size & Forecast

 

17           Latin America

17.1        Market Overview

17.2        By Policy Type

17.2.1    Market Size & Forecast

17.3        By Animal Type

17.3.1    Market Size & Forecast

17.4        By Distribution Channel

17.4.1    Market Size & Forecast

17.5        Key Countries

17.5.1    Brazil: Pet Insurance Market Size & Forecast

17.5.2    Mexico: Market Size & Forecast

 

18           Middle East & Africa

18.1        Market Overview

18.2        By Policy Type

18.2.1    Market Size & Forecast

18.3        By Animal Type

18.3.1    Market Size & Forecast

18.4        By Distribution Channel

18.4.1    Market Size & Forecast

18.5        Key Countries

18.5.1    South Africa: Pet Insurance Market Size & Forecast

  

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About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including – Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: [email protected]
Call: +1-312-235-2040/+1 302 469 0707

Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email: Send Email
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/pet-insurance-market

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