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PUBLISHER: The Business Research Company | PRODUCT CODE: 1117626

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1117626

Pet Insurance Global Market Report 2022

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PAGES: 175 Pages
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“Pet Insurance Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global pet insurance market.

This report focuses on pet insurance market which is experiencing strong growth. The report gives a guide to the pet insurance market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the pet insurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Pet Insurance market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider pet insurance market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The pet insurance market section of the report gives context. It compares the pet insurance market with other segments of the pet insurance market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, pet insurance indicators comparison.

Scope

Markets Covered:

  • 1) By Policy Coverage: Accident And Illness; Accident Only
  • 2) By Animal Type: Dog; Cat
  • 3) By Provider: Public; Private
  • Companies Mentioned: Trupanion Inc.; Deutsche Familienversicherung AG (DFV); Petplan (Allianz); Animal Friends Insurance Services Limited; Figo Pet Insurance LLC
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the pet insurance market are: Trupanion Inc., Deutsche Familienversicherung AG (DFV), Petplan (Allianz), Animal Friends Insurance Services Limited, Figo Pet Insurance LLC, Direct Line, Nationwide Mutual Insurance Company, Embrace Pet Insurance Agency LLC, Anicom Insurance, ipet Insurance Co. Ltd., Hartville Group, Pet Assure Corp., PetFirst, Royal & Sun Alliance (RSA), Agria Pet Insurance Ltd and 24PetWatch.

The global pet insurance market is expected to grow from $5.91 billion in 2021 to $6.94 billion in 2022 at a compound annual growth rate (CAGR) of 12.34%. The pet insurance market is expected to reach $11.18 billion in 2026 at a CAGR of 13.90%.

The pet insurance market consists of sales of pet insurance by entities (organizations, sole traders, and partnerships) that is bought by a pet owner which helps them to bring down the overall costs of expensive veterinary bills in case of accidents or health issues. It can helps reduce the financial risk of unexpected veterinary costs.

The main types of policy coverage in pet insurance market are accident and illness and accident only. The accident and illness policy coverage are used to cover veterinary expenses incurred for the treatment of a pet who has endured an injury or is sick. Some pet insurance plans also cover death or loss of the pet that is insured. Pet insurance is available for animals such as dog and cat and are provide by public and private bodies.

North America was the largest region in the pet insurance market in 2021. The regions covered in the pet insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The pet insurance market research report is one of a series of new reports from The Business Research Company that provides pet insurance market statistics, including pet insurance industry global market size, regional shares, competitors with a pet insurance market share, detailed pet insurance market segments, market trends and opportunities, and any further data you may need to thrive in the pet insurance industry. This pet insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing number of pet adoption is expected to continue during the forecast period driving pet insurance market. During the COVID-19 pandemic demand for adopting or fostering pets, rose worldwide, from Canada to India. Adopting pets help people by providing health benefits such as from lowering blood pressure to reducing stress, anxiety. For instance, according to PetPoint, between March and September 2020, U.S. homes number for foster pets increased by 8%. Similarly, according to Household, Income and Labour Dynamics in Australia (HILDA) Survey, published in 2020, two-thirds of Australians have at least one pet which accounted for 62% of surveyed people. The reports also indicate that around 72% of Australian pet owners have at least one dog and 37% have a least one cat. Thus increasing number of pet adoption will boost the growth of pet insurance market.

Advancements and awareness in pet insurance has been a major trend in this market. Digital solution providers are looking to collaborate with insurers to enhance the customer experience for insureds through value-added services. Figo Pet Insurance, for example, offers the Figo Pet Cloud, a cloud-based service that allows for real-time pet GPS monitoring, medical records management, mobile claims submission, social pet profiles, a pet-friendly business directory, vaccination and appointment alerts via a smartphone app. Pet insurers should use a specialized digital marketing strategy to develop trust and connect with millennial customers.

In October 2021, JAB Holding Co., a German-based conglomerate company acquired Cardif Pinnacle for an undisclosed amount. Through the acquisition, the investment firm seeks to become a dominant player in the fast-growing animal health insurance industry. JAB's veterinary clinics have access to a lot of consumer spending data, which will help the company price premiums more properly. Cardif Pinnacle is a UK-based pet insurance subsidiary of BNP Paribas SA.

The countries covered in the pet insurance market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Product Code: h2064

Table of Contents

1. Executive Summary

2. Pet Insurance Market Characteristics

3. Pet Insurance Market Trends And Strategies

4. Impact Of COVID-19 On Pet Insurance

5. Pet Insurance Market Size And Growth

  • 5.1. Global Pet Insurance Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Pet Insurance Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Pet Insurance Market Segmentation

  • 6.1. Global Pet Insurance Market, Segmentation By Policy Coverage , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Accident And Illness
  • Accident Only
  • 6.2. Global Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Dog
  • Cat
  • 6.3. Global Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Public
  • Private

7. Pet Insurance Market Regional And Country Analysis

  • 7.1. Global Pet Insurance Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Pet Insurance Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Pet Insurance Market

  • 8.1. Asia-Pacific Pet Insurance Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 8.3. Asia-Pacific Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Pet Insurance Market

  • 9.1. China Pet Insurance Market Overview
  • 9.2. China Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
  • 9.3. China Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Pet Insurance Market

  • 10.1. India Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 10.2. India Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Pet Insurance Market

  • 11.1. Japan Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 11.2. Japan Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Pet Insurance Market

  • 12.1. Australia Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 12.2. Australia Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Pet Insurance Market

  • 13.1. Indonesia Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 13.2. Indonesia Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Pet Insurance Market

  • 14.1. South Korea Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 14.2. South Korea Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Pet Insurance Market

  • 15.1. Western Europe Pet Insurance Market Overview
  • 15.2. Western Europe Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 15.3. Western Europe Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Pet Insurance Market

  • 16.1. UK Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 16.2. UK Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Pet Insurance Market

  • 17.1. Germany Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 17.2. Germany Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Pet Insurance Market

  • 18.1. France Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 18.2. France Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Pet Insurance Market

  • 19.1. Eastern Europe Pet Insurance Market Overview
  • 19.2. Eastern Europe Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 19.3. Eastern Europe Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Pet Insurance Market

  • 20.1. Russia Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 20.2. Russia Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Pet Insurance Market

  • 21.1. North America Pet Insurance Market Overview
  • 21.2. North America Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 21.3. North America Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Pet Insurance Market

  • 22.1. USA Pet Insurance Market Overview
  • 22.2. USA Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 22.3. USA Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Pet Insurance Market

  • 23.1. South America Pet Insurance Market Overview
  • 23.2. South America Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 23.3. South America Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Pet Insurance Market

  • 24.1. Brazil Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 24.2. Brazil Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Pet Insurance Market

  • 25.1. Middle East Pet Insurance Market Overview
  • 25.2. Middle East Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 25.3. Middle East Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Pet Insurance Market

  • 26.1. Africa Pet Insurance Market Overview
  • 26.2. Africa Pet Insurance Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 26.3. Africa Pet Insurance Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Pet Insurance Market Competitive Landscape And Company Profiles

  • 27.1. Pet Insurance Market Competitive Landscape
  • 27.2. Pet Insurance Market Company Profiles
    • 27.2.1. Trupanion, Inc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Deutsche Familienversicherung AG (DFV)
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Petplan (Allianz)
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Animal Friends Insurance Services Limited
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Figo Pet Insurance, LLC
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Pet Insurance Market

29. Pet Insurance Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Research Inquiries
  • 30.4. The Business Research Company
  • 30.5. Copyright And Disclaimer
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