Pet Insurance Market Size, Share, Trends, Growth Analysis Report - Segmented By Policy Type, Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insurance, Exotic Pet Insurance, Others) and Region - Industry Forecast (2020 to 2025)

Published: NOV 2020  |  Report ID:EP01  | Pages: 150

Pet Insurance Market Value and Growth Analysis:

The worldwide pet insurance market size was esteemed at USD 3.33 billion out of 2021 and is foreseen to develop at a CAGR of 16.3% over the gauge time frame. Rising pet appropriation and developing predominance of cat and canine related infections are significant drivers for this market. Besides, rising interest for pet insurance as far as possible cash based use on basic ailments, for example, malignancy, and inadvertent wounds is foreseen to support the development sooner rather than later.

Pet Insurance Market segmentation:

Product Outlook (Revenue, USD Million, 2021 – 2026)

  • Accident and Illness
  • Accident only

Animal type Outlook (Revenue, USD Million, 2021 – 2026)

  • Dogs
  • Cats
  • Others

Sales Channel Outlook (Revenue, USD Million, 2021 – 2026)

  • Agency
  • Broker
  • Bancassurance
  • Direct Writing

Pet Insurance Market Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

the North American Pet Insurance Market area at present records for the dominant part portion of the worldwide pet insurance market, trailed by Europe. Presently, over 65% of Americans have pets at home. This factor in boosting the development of the North American pet insurance market over the estimated time frame.

Europe picked up a prevailing offer in the pet insurance market in 2018. According to Veterinary School and Pet Food Research Institute, 23% of pets in the UK and 30% in Sweden have had insurance since 2017. TThe European pet insurance market zeroed in on executing 1890s insurance strategies on ponies and other livestock in Sweden.

Pet Insurance Market key players:

  • Petplan Pet Insurance,
  • Embrace Pet Insurance Agency,
  • Royal & Sun Alliance (RSA),
  • Pethealth Inc.,
  • Agria Pet Insurance,
  • Pet first Healthcare,
  • Nationwide Pet Insurance,
  • PetSure Pty Ltd.,

 

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