North America pet insurance market is expected to grow by 11.1% annually in the forecast period and reach $6,984.2 million by 2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 36 tables and 43 figures, this 99-page report ?North America Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity? is based on a comprehensive research of the entire North America pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
? Market Structure
? Growth Drivers
? Restraints and Challenges
? Emerging Product Trends & Market Opportunities
? Porter?s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Country.
Based on Insurance Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
? Accident & Illness
o Other Pets
? Accident Only
o Other Pets
Based on Policy Type, the North America 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 North America 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 North America 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 North America 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 national/local markets are fully investigated:
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown 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.
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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.
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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 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter?s Fiver Forces Analysis 35
3 Segmentation of North America Market by Insurance Type 39
3.1 Market Overview by Insurance Type 39
3.2 Accident & Illness 41
3.3 Accident Only 42
4 Segmentation of North America Market by Policy Type 43
4.1 Market Overview by Policy Type 43
4.2 Lifetime Coverage 45
4.3 Non-Lifetime Coverage 46
5 Segmentation of North America Market by Animal Type 47
5.1 Market Overview by Animal Type 47
5.2 Dogs 49
5.3 Cats 54
5.4 Other Animals 58
6 Segmentation of North America Market by Provider 59
6.1 Market Overview by Provider 59
6.2 Private Insurance Providers 61
6.3 Public Insurance Providers 62
7 Segmentation of North America Market by Distribution Channel 63
7.1 Market Overview by Distribution Channel 63
7.2 Insurance Agency 65
7.3 Bancassurance 66
7.4 Brokers 67
7.5 Direct Sales 68
8 North America Market 2019-2030 by Country 69
8.1 Overview of North America Market 69
8.2 U.S. 72
8.3 Canada 77
8.4 Mexico 79
9 Competitive Landscape 81
9.1 Overview of Key Vendors 81
9.2 New Product Launch, Partnership, Investment, and M&A 84
9.3 Company Profiles 85
Anicom Holding 87
Bow Wow Meow 89
Embrace Pet Insurance Agency, LLC 90
Healthy Paws Pet Insurance 91
Ipet Insurance 92
More Than 93
Nationwide Mutual Insurance Company 94
Petfirst Healthcare LLC 95
Petplan Limited 96
Petsecure Pet Health Insurance 97
RELATED REPORTS 99