Global pet insurance market will reach $20.58 billion by 2030, growing by 12.5% annually over 2020-2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 95 tables and 79 figures, this 160-page report ?Global Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Region: Trend Forecast and Growth Opportunity? is based on a comprehensive research of the entire global pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
? Market Structure
? Growth Drivers
? Restraints and Challenges
? Emerging Product Trends & Market Opportunities
? Porter?s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Region.
Based on Insurance Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
? Accident & Illness
o Other Pets
? Accident Only
o Other Pets
Based on Policy Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
? Lifetime Coverage
? Non-Lifetime Coverage
Based on Animal Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
o Accident & Illness
o Accident Only
o Accident & Illness
o Accident Only
? Other Animals
o Accident & Illness
o Accident Only
Based on Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
? Private Insurance Providers
? Public Insurance Providers
Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
? Insurance Agency
? Direct Sales
Geographically, the following regions together with the listed national/local markets are fully investigated:
? North America (U.S., Canada, and Mexico)
? Europe (Germany, UK, France, Sweden, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Spain, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
? APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
? South America (Brazil, Chile, Argentina, Rest of South America)
? MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Insurance Type, Animal Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Bow Wow Meow
Embrace Pet Insurance Agency, LLC
Healthy Paws Pet Insurance
Nationwide Mutual Insurance Company
Petfirst Healthcare LLC
Petsecure Pet Health Insurance
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
QY Reports in their recently published report, have emphasized upon the unique and key findings of the industry for a particular assessment period. The report mainly categorizes the custom market survey conducted by the experts to collect high-quality data analysis and visualization to bring out the various dynamics of the industry. It offers a detailed information about the latest updates such as several new technological advancements made, mergers and acquisitions, new entrants in the market, which make an impact on different segments of the industry.
The global industry has been segmented on the basis of its products, regions, end users, technology, applications and cues for positioning, advertising & communication strategies. For a better understanding of the market, QY Reports has also provided a detailed analysis of drivers, restraints, and opportunities that dominate the present market scenario and also provides the anticipation of the future status of this industry.
QY Reports emphasizes on the essentials of analyzing qualitative and quantitative aspects of the industry. While giving a brief idea about the revenue opportunities for all the segments, this report has also provided the impact of industry expertise to determine the scope of the study for all the segments over the predicted period.
The report comprises of the geographical landscape of the industry and is briefly segmented into key regions such as North America, the Asia Pacific, Latin America, and the Middle East and Africa. Our research methodology also focuses on understanding the niche countries such as Vietnam, Indonesia, Thailand, Malaysia, Mexico, and Italy to give lucid essence of the country-wide acceptance and growth of this industry. It also provides the reader with extensive data related to the market thus, empowering them to make informed decisions about doing business.
Our infallible research methodology offers flexibility to suit varying budgets, deadlines, and altering market dynamics. Our researches cover a detailed comprehension of a wide spectrum of products and services, along with the business strategies adopted by the new entrants who are trying to establish themselves in the competitive landscape. The market size and revenue generated by each segments has been analyzed with the help of Basis Point Share technique, which accurately calculates the percentage change in the value of trending products.
QY Reports is committed to offer a targeted market view in order to eliminate redundant information for the complete satisfaction of thereader.
Various sales channels such as Original Equipment Manufacturers and aftermarkets across various key regions are covered in this report.
Our quantitative research approach identifies the market size and how much it might be worth to find areas for sales growth. It also helps the reader understand the demographics of customers, such as their gender and age. The qualitative research renders a better understanding of the customer requirements and identifies opportunities for enhancing sales and also improving customer service.
Our research experts have focused on to offer a detailed description of the supply side of the business before placing the product in the market. The syndicated research covers critical aspects of market research to generate useful strategies that ensure accurate analysis, high-level data integrity, and impeccable forecasts. On-demand customization or bespoke proposals are rendered to exactly meet the customer needs. The information provided regarding the geographical segmentation and the competitive landscape is based on the study done on the authenticated data from direct observations, online surveys, government agencies, industry bodies, and expert interviews.
QY Reports offers market attractiveness, which presents a market index to help the clients and target audiences recognize the numerous opportunities that the industry holds.
In order to authenticate the data, our experts have interviewed the industry experts on various panels across the globe who have sufficient experience and knowledge related to the field. QY Reports has used frameworks such as Year on Year growth forecast, parent market overview for data analysis, and the performance of various macroeconomic factors. Also, the analysts have gathered all the necessary information from the annual reports of various companies, their official websites, and some paid publications in order to offer full-proof reports to our clients.
The report has developed a time-bound strategic roadmap for the readers by weaving different aspects of business into a winning fabric.
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter?s Fiver Forces Analysis 37
3 Segmentation of Global Market by Insurance Type 41
3.1 Market Overview by Insurance Type 41
3.2 Accident & Illness 43
3.3 Accident Only 44
4 Segmentation of Global Market by Policy Type 45
4.1 Market Overview by Policy Type 45
4.2 Lifetime Coverage 47
4.3 Non-Lifetime Coverage 48
5 Segmentation of Global Market by Animal Type 49
5.1 Market Overview by Animal Type 49
5.2 Dogs 51
5.3 Cats 55
5.4 Other Animals 59
6 Segmentation of Global Market by Provider 60
6.1 Market Overview by Provider 60
6.2 Private Insurance Providers 62
6.3 Public Insurance Providers 63
7 Segmentation of Global Market by Distribution Channel 64
7.1 Market Overview by Distribution Channel 64
7.2 Insurance Agency 66
7.3 Bancassurance 67
7.4 Brokers 68
7.5 Direct Sales 69
8 Segmentation of Global Market by Region 70
8.1 Geographic Market Overview 2019-2030 70
8.2 North America Market 2019-2030 by Country 74
8.2.1 Overview of North America Market 74
8.2.2 U.S. 78
8.2.3 Canada 83
8.2.4 Mexico 85
8.3 European Market 2019-2030 by Country 87
8.3.1 Overview of European Market 87
8.3.2 Germany 91
8.3.3 U.K. 93
8.3.4 France 95
8.3.5 Sweden 97
8.3.6 Italy 99
8.3.7 Netherlands 101
8.3.8 Rest of European Market 103
8.4 Asia-Pacific Market 2019-2030 by Country 105
8.4.1 Overview of Asia-Pacific Market 105
8.4.2 Japan 109
8.4.3 China 112
8.4.4 Australia 114
8.4.5 India 116
8.4.6 South Korea 118
8.4.7 Rest of APAC Region 120
8.5 South America Market 2019-2030 by Country 122
8.5.1 Argentina 125
8.5.2 Brazil 127
8.5.3 Chile 129
8.5.4 Rest of South America Market 131
8.6 MEA Market 2019-2030 by Country 132
8.6.1 UAE 135
8.6.2 Saudi Arabia 137
8.6.3 South Africa 139
8.6.4 Other National Markets 141
9 Competitive Landscape 142
9.1 Overview of Key Vendors 142
9.2 New Product Launch, Partnership, Investment, and M&A 145
9.3 Company Profiles 146
Anicom Holding 148
Bow Wow Meow 150
Embrace Pet Insurance Agency, LLC 151
Healthy Paws Pet Insurance 152
Ipet Insurance 153
More Than 154
Nationwide Mutual Insurance Company 155
Petfirst Healthcare LLC 156
Petplan Limited 157
Petsecure Pet Health Insurance 158
RELATED REPORTS 160