Global Pet Insurance Market Synopsis

Global Pet Insurance Market size was valued at USD 9.4 Billion in 2022 and is projected to reach USD 33.10 Billion by 2030, growing at a CAGR of 17.04% from 2023 to 2030.

Pet insurance is an insurance policy bought by the pet owner to pay partly or in total for the veterinary treatment of the insured pet’s illness or injury. Some policy also covers the pet death, or in case it the lost or stolen.

  • Moreover, the growing medical expenses in veterinary medicine and employing of expensive medical techniques and drugs is boosting the demand of pet insurance market. Growing and increased demand for pet insurance market policies and rise in need for financial safety in case of surge in uncertainties boost the growth of the global pet insurance market.
  • In addition, surge in number of veterinary centers positively impacts the growth of the market. However, lack of awareness regarding pet insurance policy and high premium cost hampers the market growth. On the contrary implementation of technologies in existing products and service lines, and government initiatives regarding pet insurance policies are expected to offer remunerative opportunities for expansion of the market during the forecast period.

Global Pet Insurance Market Trend Analysis

Increasing Pet Ownership

  • Pet ownership is on the rise globally. Dogs, cats, and various other pets have become integral members of households. The increasing number of pets creates a larger customer base for pet insurance providers.
  • Many people consider their pets as family members, and they are willing to invest in their pets' well-being. The emotional bond between pet owners and their animals drives the desire to ensure that pets receive the best possible healthcare, including access to insurance coverage.
  • As pet owners become more informed about their pets' healthcare needs, they recognize the potential financial burden associated with veterinary expenses. Routine check-ups, vaccinations, surgeries, and emergency care can be expensive. Pet insurance provides peace of mind by covering these costs.
  • Advances in veterinary medicine and pet nutrition have contributed to longer lifespans for pets. As pets age, they may develop chronic conditions or require specialized care. Pet insurance helps pet owners afford ongoing medical treatment throughout their pets' lives.
  • Urbanization and changing lifestyles have made pets more popular among city dwellers. In urban areas, people often have limited space and time, leading them to choose smaller pets like cats or small dog breeds. These pets tend to have longer lifespans and may require more healthcare services, further driving the demand for insurance

Pet Tech Integration

  • Integrating with pet wearables, such as fitness trackers and health monitors, allows insurers to access real-time health data. This data can be used to assess the pet's overall health, detect early signs of illness, and encourage preventive care.
  • Insurance providers can develop or partner with pet health apps that allow policyholders to track their pets' health and receive personalized recommendations. These apps can include reminders for vaccinations, medication, and wellness check-ups.
  • Pet insurers can leverage data analytics to assess pet health risks more accurately. This enables insurers to offer customized policies with appropriate coverage levels and pricing based on individual pet characteristics, behaviour, and health history.
  • Advanced predictive modeling can help identify potential health issues in pets and provide insights to pet owners on preventive measures. This proactive approach can reduce claims and improve pet health outcomes.
  • Integration with Telemedicine Platforms: Insurance providers can integrate with telemedicine platforms, allowing policyholders to access virtual veterinary consultations. This offers convenience, especially for non-emergency medical concerns, and may reduce claims costs.

Global Pet Insurance Market Segment Analysis:

Global Pet Insurance Market Segmented on the basis of type, application, and end-users.

By Coverage Type, Accident & Illness segment is expected to dominate the market during the forecast period

  • This insurance category offers pet owners financial protection against unexpected incidents, including injuries from accidents or the onset of various illnesses. It's a comprehensive package that encompasses a wide array of medical conditions and accidents that could afflict beloved pets. Pet owners seek reassurance that their furry companions will receive the best care possible, especially in emergencies. Accident & Illness insurance steps in to cover expenses related to sudden injuries from mishaps like car accidents, broken bones, or unforeseen illnesses like cancer or infections. This breadth of coverage alleviates concerns about potential costly treatments, enabling owners to focus on their pet's well-being rather than financial burdens.
  • The rising cost of veterinary care has fueled the demand for robust insurance coverage. Advanced medical treatments, diagnostic procedures, surgeries, and medications for pets can strain an owner's finances. Accident & Illness plans offer a solution by shouldering a significant portion of these expenses, making high-quality care more accessible and affordable for pet owners.

By Animal Type, dogs segment held the largest share of 59% in 2022

  • Dogs undoubtedly take the lead in dominating the global pet insurance market. This prevalence stems from various factors, with dogs being the most commonly insured pets due to their sheer numbers in households worldwide. As a result, insurance companies have tailored their policies to cater extensively to the needs of dog owners, fueling the prominence of this segment.
  • One pivotal reason for dogs' dominance in the pet insurance realm is their susceptibility to various health issues. Unlike some other pets, dogs often encounter a wide range of medical conditions throughout their lifetimes, from genetic predispositions to common ailments like hip dysplasia, allergies, and even breed-specific concerns. This predisposition to health issues prompts owners to seek comprehensive insurance coverage to handle potential high veterinary expenses.

Global Pet Insurance Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • In the North American region, the United States accounted for the largest market share. High pet ownership, awareness, increasing pet insurance, and technological advancements in the diagnostics field are the major driving factors in the US region. The country’s socio-economic conditions are good enough to give economic support to the market on the production and at the end-user level.
  • According to the 2021-2022 National Pet Owners Survey conducted by American Pet Products Association (APPA), pet ownership increased from 67 % to 70% of households in the United States. Millennials were also discovered to be the greatest cohort of pet owners, accounting for 32%, followed by Boomers (27%) and Gen X (24%).
  • Also, as per the report published by do something. organization 2020, every year, approximately 7.6 million companion animals enter animal shelters across the United States. There are approximately 3.9 million dogs and 3.4 million cats among them. Thus, the rise in the adoption of pet animals is expected to increase the spending on the healthcare needs of these animals, which, in turn, is expected to boost the growth of the market over the forecast period. According to the American Pet Products Association (APPA) 2021-2022, there is an increase in expenditure on the pet industry in the United States.

 Global Pet Insurance Market Top Key Players:

  • Trupanion (US)
  • Nationwide (US)
  • Petplan (United Kingdom)
  • Healthy Paws(US)
  • Embrace Pet Insurance (US)
  • ASPCA Pet Health Insurance (US)
  • Crum & Forster Pet Insurance (US)
  • Healthy Paws Pet Insurance & Foundation (US)
  • Figo Pet Insurance (US)
  • PetFirst Pet Insurance (US)
  • Hartville Pet Insurance (US)
  • MetLife Pet Insurance (US)
  • VPI Pet Insurance (US)
  • Pets Best (US)
  • Agria Pet Insurance (Sweden)
  • Direct Line Group (UK)
  • RSA Insurance Group Plc (UK)
  • Petplan (UK)
  • Petsecure (Canada)
  • 24PetWatch (Canada)
  • PetSure (Australia)
  • Anicom Holdings (Japan)
  • The Oriental Insurance Company Ltd. (India)
  • Oneplan Pet Insurance (South Africa)

Key Industry Developments in the Global Pet Insurance Market:

  •  In January 2023, PetSure Launched "GapOnly," an innovative claims solution enabling on-the-spot claims with only the gap fee payment. This streamlines the process and encourages quicker vet visits for pet owners.
  • In February 2023, Trupanion Partnered with Fetch, a veterinary telemedicine platform, to offer telehealth consultations within insurance plans, providing convenient and affordable access to vets.

Global Pet Insurance Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 9.4 Bn.

Forecast Period 2023-30 CAGR:

17.04 %

Market Size in 2030:

USD 33.10 Bn.

Segments Covered:

By Coverage Type

  • Accident & Illness
  • Accident Only
  • Embedded Wellness

By Animal Type

  • Dogs
  • Cats
  • Horses
  • Exotic Pets
  • Others

By Sales Channel

  • Agency
  • Broker
  • Direct
  • Bancassurance

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Pet Ownership

Key Market Restraints:

  • Limited Awareness and Understanding

Key Opportunities:

  • Pet Tech Integration

Companies Covered in the report:

  • Trupanion (US), Nationwide (US), Petplan (United Kingdom), Healthy Paws (US), Embrace Pet Insurance (US), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. PET INSURANCE MARKET BY COVERAGE TYPE (2016-2030)
    1. PET INSURANCE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ACCIDENT & ILLNESS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ACCIDENT ONLY
    5. EMBEDDED WELLNESS
  7. PET INSURANCE MARKET BY ANIMAL TYPE (2016-2030)
    1. PET INSURANCE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. DOGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CATS
    5. HORSES
    6. EXOTIC PETS
  8. PET INSURANCE MARKET BY SALES CHANNEL (2016-2030)
    1. PET INSURANCE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ANIMAL TYPE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. BROKER
    5. DIRECT
    6. BANCASSURANCE
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Pet Insurance Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. TRUPANION
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. COMPANYB Nationwide
    4. Petplan
    5. Healthy Paws
    6. Embrace Pet Insurance
    7. ASPCA Pet Health Insurance
    8. Crum & Forster Pet Insurance
    9. Healthy Paws Pet Insurance & Foundation
    10. Trupanion, Inc.
    11. Figo Pet Insurance
    12. PetFirst Pet Insurance
    13. Hartville Pet Insurance
    14. Agria Pet Insurance
    15. Direct Line Group
    16. RSA Insurance Group Plc
    17. VPI Pet Insurance
    18. Petsecure
    19. Pets Best
    20. MetLife Pet Insurance
    21. 24PetWatch
    22. PetSure
    23. Anicom Holdings
    24. The Oriental Insurance Company Ltd.
    25. Oneplan Pet Insurance
  10. GLOBAL PET INSURANCE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Coverage Type
      4. Historic And Forecasted Market Size By Animal Type
      5. Historic And Forecasted Market Size By Sales Channel
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Pet Insurance Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 9.4 Bn.

Forecast Period 2023-30 CAGR:

17.04 %

Market Size in 2030:

USD 33.10 Bn.

Segments Covered:

By Coverage Type

  • Accident & Illness
  • Accident Only
  • Embedded Wellness

By Animal Type

  • Dogs
  • Cats
  • Horses
  • Exotic Pets
  • Others

By Sales Channel

  • Agency
  • Broker
  • Direct
  • Bancassurance

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Pet Ownership

Key Market Restraints:

  • Limited Awareness and Understanding

Key Opportunities:

  • Pet Tech Integration

Companies Covered in the report:

  • Trupanion (US), Nationwide (US), Petplan (United Kingdom), Healthy Paws (US), Embrace Pet Insurance (US), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PET INSURANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PET INSURANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PET INSURANCE MARKET COMPETITIVE RIVALRY
TABLE 005. PET INSURANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. PET INSURANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. PET INSURANCE MARKET BY COVERAGE TYPE
TABLE 008. ACCIDENT & ILLNESS MARKET OVERVIEW (2016-2030)
TABLE 009. ACCIDENT ONLY MARKET OVERVIEW (2016-2030)
TABLE 010. EMBEDDED WELLNESS MARKET OVERVIEW (2016-2030)
TABLE 011. PET INSURANCE MARKET BY ANIMAL TYPE
TABLE 012. DOGS MARKET OVERVIEW (2016-2030)
TABLE 013. CATS MARKET OVERVIEW (2016-2030)
TABLE 014. HORSES MARKET OVERVIEW (2016-2030)
TABLE 015. EXOTIC PETS MARKET OVERVIEW (2016-2030)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2030)
TABLE 017. PET INSURANCE MARKET BY SALES CHANNEL
TABLE 018. AGENCY MARKET OVERVIEW (2016-2030)
TABLE 019. BROKER MARKET OVERVIEW (2016-2030)
TABLE 020. DIRECT MARKET OVERVIEW (2016-2030)
TABLE 021. BANCASSURANCE MARKET OVERVIEW (2016-2030)
TABLE 022. NORTH AMERICA PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 023. NORTH AMERICA PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 024. NORTH AMERICA PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 025. N PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 026. EASTERN EUROPE PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 027. EASTERN EUROPE PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 028. EASTERN EUROPE PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 029. PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 030. WESTERN EUROPE PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 031. WESTERN EUROPE PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 032. WESTERN EUROPE PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 033. PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 034. ASIA PACIFIC PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 035. ASIA PACIFIC PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 036. ASIA PACIFIC PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 037. PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 038. MIDDLE EAST & AFRICA PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 039. MIDDLE EAST & AFRICA PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 040. MIDDLE EAST & AFRICA PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 041. PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 042. SOUTH AMERICA PET INSURANCE MARKET, BY COVERAGE TYPE (2016-2030)
TABLE 043. SOUTH AMERICA PET INSURANCE MARKET, BY ANIMAL TYPE (2016-2030)
TABLE 044. SOUTH AMERICA PET INSURANCE MARKET, BY SALES CHANNEL (2016-2030)
TABLE 045. PET INSURANCE MARKET, BY COUNTRY (2016-2030)
TABLE 046. TRUPANION (US): SNAPSHOT
TABLE 047. TRUPANION (US): BUSINESS PERFORMANCE
TABLE 048. TRUPANION (US): PRODUCT PORTFOLIO
TABLE 049. TRUPANION (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. NATIONWIDE (US): SNAPSHOT
TABLE 050. NATIONWIDE (US): BUSINESS PERFORMANCE
TABLE 051. NATIONWIDE (US): PRODUCT PORTFOLIO
TABLE 052. NATIONWIDE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. PETPLAN (UNITED KINGDOM): SNAPSHOT
TABLE 053. PETPLAN (UNITED KINGDOM): BUSINESS PERFORMANCE
TABLE 054. PETPLAN (UNITED KINGDOM): PRODUCT PORTFOLIO
TABLE 055. PETPLAN (UNITED KINGDOM): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. HEALTHY PAWS (US): SNAPSHOT
TABLE 056. HEALTHY PAWS (US): BUSINESS PERFORMANCE
TABLE 057. HEALTHY PAWS (US): PRODUCT PORTFOLIO
TABLE 058. HEALTHY PAWS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. EMBRACE PET INSURANCE (US): SNAPSHOT
TABLE 059. EMBRACE PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 060. EMBRACE PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 061. EMBRACE PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ASPCA PET HEALTH INSURANCE (US): SNAPSHOT
TABLE 062. ASPCA PET HEALTH INSURANCE (US): BUSINESS PERFORMANCE
TABLE 063. ASPCA PET HEALTH INSURANCE (US): PRODUCT PORTFOLIO
TABLE 064. ASPCA PET HEALTH INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. FIGO PET INSURANCE (US): SNAPSHOT
TABLE 065. FIGO PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 066. FIGO PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 067. FIGO PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. PETFIRST PET INSURANCE (US): SNAPSHOT
TABLE 068. PETFIRST PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 069. PETFIRST PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 070. PETFIRST PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. HARTVILLE PET INSURANCE (US): SNAPSHOT
TABLE 071. HARTVILLE PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 072. HARTVILLE PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 073. HARTVILLE PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. AGRIA PET INSURANCE (SWEDEN): SNAPSHOT
TABLE 074. AGRIA PET INSURANCE (SWEDEN): BUSINESS PERFORMANCE
TABLE 075. AGRIA PET INSURANCE (SWEDEN): PRODUCT PORTFOLIO
TABLE 076. AGRIA PET INSURANCE (SWEDEN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. DIRECT LINE GROUP (UK): SNAPSHOT
TABLE 077. DIRECT LINE GROUP (UK): BUSINESS PERFORMANCE
TABLE 078. DIRECT LINE GROUP (UK): PRODUCT PORTFOLIO
TABLE 079. DIRECT LINE GROUP (UK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. VPI PET INSURANCE (US): SNAPSHOT
TABLE 080. VPI PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 081. VPI PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 082. VPI PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. PETSECURE (CANADA): SNAPSHOT
TABLE 083. PETSECURE (CANADA): BUSINESS PERFORMANCE
TABLE 084. PETSECURE (CANADA): PRODUCT PORTFOLIO
TABLE 085. PETSECURE (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. PETS BEST (US): SNAPSHOT
TABLE 086. PETS BEST (US): BUSINESS PERFORMANCE
TABLE 087. PETS BEST (US): PRODUCT PORTFOLIO
TABLE 088. PETS BEST (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. METLIFE PET INSURANCE (US): SNAPSHOT
TABLE 089. METLIFE PET INSURANCE (US): BUSINESS PERFORMANCE
TABLE 090. METLIFE PET INSURANCE (US): PRODUCT PORTFOLIO
TABLE 091. METLIFE PET INSURANCE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. 24PETWATCH (CANADA): SNAPSHOT
TABLE 092. 24PETWATCH (CANADA): BUSINESS PERFORMANCE
TABLE 093. 24PETWATCH (CANADA): PRODUCT PORTFOLIO
TABLE 094. 24PETWATCH (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. PETSURE (AUSTRALIA): SNAPSHOT
TABLE 095. PETSURE (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 096. PETSURE (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 097. PETSURE (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. ANICOM HOLDINGS (JAPAN): SNAPSHOT
TABLE 098. ANICOM HOLDINGS (JAPAN): BUSINESS PERFORMANCE
TABLE 099. ANICOM HOLDINGS (JAPAN): PRODUCT PORTFOLIO
TABLE 100. ANICOM HOLDINGS (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. ONEPLAN PET INSURANCE (SOUTH AFRICA): SNAPSHOT
TABLE 101. ONEPLAN PET INSURANCE (SOUTH AFRICA): BUSINESS PERFORMANCE
TABLE 102. ONEPLAN PET INSURANCE (SOUTH AFRICA): PRODUCT PORTFOLIO
TABLE 103. ONEPLAN PET INSURANCE (SOUTH AFRICA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. HEALTHY PAWS PET INSURANCE & FOUNDATION (US)AND OTHER MAJOR PLAYERS.: SNAPSHOT
TABLE 104. HEALTHY PAWS PET INSURANCE & FOUNDATION (US)AND OTHER MAJOR PLAYERS.: BUSINESS PERFORMANCE
TABLE 105. HEALTHY PAWS PET INSURANCE & FOUNDATION (US)AND OTHER MAJOR PLAYERS.: PRODUCT PORTFOLIO
TABLE 106. HEALTHY PAWS PET INSURANCE & FOUNDATION (US)AND OTHER MAJOR PLAYERS.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PET INSURANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PET INSURANCE MARKET OVERVIEW BY COVERAGE TYPE
FIGURE 012. ACCIDENT & ILLNESS MARKET OVERVIEW (2016-2030)
FIGURE 013. ACCIDENT ONLY MARKET OVERVIEW (2016-2030)
FIGURE 014. EMBEDDED WELLNESS MARKET OVERVIEW (2016-2030)
FIGURE 015. PET INSURANCE MARKET OVERVIEW BY ANIMAL TYPE
FIGURE 016. DOGS MARKET OVERVIEW (2016-2030)
FIGURE 017. CATS MARKET OVERVIEW (2016-2030)
FIGURE 018. HORSES MARKET OVERVIEW (2016-2030)
FIGURE 019. EXOTIC PETS MARKET OVERVIEW (2016-2030)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2030)
FIGURE 021. PET INSURANCE MARKET OVERVIEW BY SALES CHANNEL
FIGURE 022. AGENCY MARKET OVERVIEW (2016-2030)
FIGURE 023. BROKER MARKET OVERVIEW (2016-2030)
FIGURE 024. DIRECT MARKET OVERVIEW (2016-2030)
FIGURE 025. BANCASSURANCE MARKET OVERVIEW (2016-2030)
FIGURE 026. NORTH AMERICA PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 027. EASTERN EUROPE PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 028. WESTERN EUROPE PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 029. ASIA PACIFIC PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 030. MIDDLE EAST & AFRICA PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 031. SOUTH AMERICA PET INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2030)

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Frequently Asked Questions :

What would be the forecast period in the Pet Insurance Market research report?

The forecast period in the Pet Insurance Market research report is 2023-2030.

Who are the key players in the Pet Insurance Market?

Trupanion (US), Nationwide (US), Petplan (United Kingdom), Healthy Paws (US), Embrace Pet Insurance (US), ASPCA Pet Health Insurance (US), Figo Pet Insurance (US), PetFirst Pet Insurance (US), Hartville Pet Insurance (US), Agria Pet Insurance (Sweden), Direct Line Group (UK), VPI Pet Insurance (US), Petsecure (Canada), Pets Best (US), MetLife Pet Insurance (US), 24PetWatch (Canada), PetSure (Australia), Anicom Holdings (Japan), Oneplan Pet Insurance (South Africa), Healthy Paws Pet Insurance & Foundation (US)and Other Major Players.

What are the segments of the Pet Insurance Market?

The Pet Insurance Market is segmented into Coverage Type, Animal Type, Sales Channel and region. By Coverage Type, the market is categorized into Accident & Illness, Accident Only, Embedded Wellness. By Animal Type, the market is categorized into Dogs, Cats, Horses, Exotic Pets, Others. By Sales Channel, the market is categorized into Agency, Broker, Direct, Bancassurance. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Pet Insurance Market?

Pet insurance is an insurance policy bought by the pet owner to pay partly or in total for the veterinary treatment of the insured pet’s illness or injury. Some policy also covers the pet death, or in case the lost or stolen. Moreover, the growing medical expenses in veterinary medicine and employing of expensive medical techniques and drugs is boosting the demand of pet insurance market.

How big is the Pet Insurance Market?

Global Pet Insurance Market size was valued at USD 9.4 Billion in 2022 and is projected to reach USD 33.10 Billion by 2030, growing at a CAGR of 17.04% from 2023 to 2030.