Pet Insurance Market Size | 2021 Covid-19 Impact On Automotive Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights. The Global Pet Insurance market expected to rise at notable CAGR and reach remarkable valuations by 2028. Pet Insurance Industry is segmented By Policy Coverage Type (Accident & Illness, Accident Only, Others), By Animal Type (Dog, Cat, Others), By Provider (Public, Private) and Regional Forecast, 2019-2026
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Leading Players operating in the Pet Insurance Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Anicom Holdings
- Nationwide Mutual Insurance Company
- Healthy Paws Pet Insurance, LLC.
- Embrace Pet Insurance Agency, LLC
- Figo Pet Insurance LLC.
- Agria Pet Insurance Ltd
- Pets Best Insurance Services, LLC.
The pet insurance market will benefit from the increasing pet adoption in leading countries across the world. Pet insurance refers to a policy that covers medical as well as accidental factors that is associated with the pets. The emphasis on the well-being and health of pets, by private as well as government organizations will create several growth opportunities. The presence of several private organizations offering premium insurance policies will have a positive impact on the growth of the market in the forthcoming years. Several companies are focused on offering novel services as well as concessions in a bid to establishing a stronghold in the market. These factors will aid the growth of the market in the coming years.
Global Pet Insurance Market Highlights:
The Pet Insurance Market report offers an in-depth analysis of the Pet Insurance industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Pet Insurance market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
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Increasing Number of Company Mergers and Collaborations to Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. It highlights a few of the leading market drivers and analyzes their impact on the market. Among all factors, the increasing number of company mergers and collaborations have had a positive impact on market growth. In October 2019, Petplan, a leading pet insurance provider, announced that it has been acquired by Warnbug Pincus. Warnbug is a leading private equity firm that mainly focuses on growth-oriented investing. With this acquisition, the company will look to outperform its counterparts and in doing so, establish a strong presence in the market. The report highlights a few of the other company mergers that have graced the market in recent years and gauges their impact on the market.
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
This report focuses on Pet Insurance Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Europe to Emerge Dominant; Influx of Start-ups to Aid Growth
The report analyzes the ongoing pet insurance market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Europe generated the highest market revenue in 2018. Europe is projected to dominate the market in the coming years driven by the increasing number of start-ups in several countries across this region. The increasing number of government initiatives to promote animal wellness and health, coupled with encouragement for pet adoption, will aid the growth of the market in this region. Besides Europe, the market in North America will exhibit considerable CAGR. As of 2018, the market in North America was worth USD 1.42 billion and this value is likely to increase further in the coming years.
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Detailed Table of Content:
1 Market Overview
1.1 Pet Insurance Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
188.8.131.52 United States Market States and Outlook (2020-2026)
184.108.40.206 Canada Market States and Outlook (2020-2026)
220.127.116.11 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
18.104.22.168 Germany Market States and Outlook (2020-2026)
22.214.171.124 France Market States and Outlook (2020-2026)
126.96.36.199 UK Market States and Outlook (2020-2026)
188.8.131.52 Russia Market States and Outlook (2020-2026)
184.108.40.206 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
220.127.116.11 China Market States and Outlook (2020-2026)
18.104.22.168 Japan Market States and Outlook (2020-2026)
22.214.171.124 Korea Market States and Outlook (2020-2026)
126.96.36.199 India Market States and Outlook (2020-2026)
188.8.131.52 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
184.108.40.206 Brazil Market States and Outlook (2020-2026)
220.127.116.11 Egypt Market States and Outlook (2020-2026)
18.104.22.168 Saudi Arabia Market States and Outlook (2020-2026)
22.214.171.124 South Africa Market States and Outlook (2020-2026)
126.96.36.199 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Pet Insurance Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Pet Insurance Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Pet Insurance Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Pet Insurance Manufacturer Market Share in 2018
3.3.2 Top 6 Pet Insurance Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Pet Insurance Market Analysis by Regions
4.1 Global Pet Insurance Sales, Revenue and Market Share by Regions
4.1.1 Global Pet Insurance Sales and Market Share by Regions (2020-2028)
4.1.2 Global Pet Insurance Revenue and Market Share by Regions (2020-2028)
4.2 North America Pet Insurance Sales and Growth Rate (2020-2028)
4.3 Europe Pet Insurance Sales and Growth Rate (2020-2028)
4.4 Asia-Pacific Pet Insurance Sales and Growth Rate (2020-2028)
4.5 South America Pet Insurance Sales and Growth Rate (2020-2028)
4.6 Middle East and Africa Pet Insurance Sales and Growth Rate (2020-2028)
5 North America Pet Insurance by Country
5.1 North America Pet Insurance Sales, Revenue and Market Share by Country
5.1.1 North America Pet Insurance Sales and Market Share by Country (2020-2028)
5.1.2 North America Pet Insurance Revenue and Market Share by Country (2020-2028)
5.2 United States Pet Insurance Sales and Growth Rate (2020-2028)
5.3 Canada Pet Insurance Sales and Growth Rate (2020-2028)
5.4 Mexico Pet Insurance Sales and Growth Rate (2020-2028)
8 South America Pet Insurance by Country
8.1 South America Pet Insurance Sales, Revenue and Market Share by Country
8.1.1 South America Pet Insurance Sales and Market Share by Country (2020-2028)
8.1.2 South America Pet Insurance Revenue and Market Share by Country (2020-2028)
8.2 Brazil Pet Insurance Sales and Growth Rate (2020-2028)
8.3 Argentina Pet Insurance Sales and Growth Rate (2020-2028)
8.4 Colombia Pet Insurance Sales and Growth Rate (2020-2028)
9 Middle East and Africa Pet Insurance by Countries
9.1 Middle East and Africa Pet Insurance Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Pet Insurance Sales and Market Share by Country (2020-2028)
9.1.2 Middle East and Africa Pet Insurance Revenue and Market Share by Country (2020-2028)
9.2 Saudi Arabia Pet Insurance Sales and Growth Rate (2020-2028)
9.3 Turkey Pet Insurance Sales and Growth Rate (2020-2028)
9.4 Egypt Pet Insurance Sales and Growth Rate (2020-2028)
9.5 Nigeria Pet Insurance Sales and Growth Rate (2020-2028)
10 Pet Insurance Market In Developing Countries
11 South America Pet Insurance Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Pet Insurance Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Pet Insurance Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Pet Insurance Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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