Pet Insurance Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The global “Pet Insurance Market Size” is projected to reach USD 11.25 billion by 2026. The increasing pet adoption in leading countries across the world will have a direct impact on the growth of the market. According to a report published by Fortune Business Insights, titled “Pet Insurance Market Size, Share & Industry Analysis, By Policy Coverage Type (Accident & Illness, Accident Only, Others), By Animal Type (Dog, Cat, Others), By Provider (Public, Private) and Regional Forecast, 2019-2026,” the market was worth USD 6.05 billion in 2018. Driven by flexibility in product offerings, the market will exhibit a CAGR of 8.0% during the forecast period, 2019-2026. 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.
Top manufactures of Pet Insurance Market are:
- Trupanion
- Anicom Holdings
- Nationwide Mutual Insurance Company
- ASPCA
- Healthy Paws Pet Insurance, LLC.
- Embrace Pet Insurance Agency, LLC
- Figo Pet Insurance LLC.
- Agria Pet Insurance Ltd
- 24PetWatch
- Pets Best Insurance Services, LLC.
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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.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
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Key Points of the Pet Insurance Market Report:
- The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.
- The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value along with the market shares for each company.
- Through the statistical analysis, the study depicts the global market including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
- Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
- The report then estimates the market development and trends of the Pet Insurance 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 Pet Insurance Market Overview
1.1 Pet Insurance Product Overview
1.2 Pet Insurance Market Segment by Type
1.3 Global Pet Insurance Market Size by Type (2015-2027)
1.3.1 Global Pet Insurance Market Size Overview by Type (2015-2027)
1.3.2 Global Pet Insurance Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Pet Insurance Sales Market Share Breakdown by Type (2015-2027)
1.3.2.2 Global Pet Insurance Market Share Breakdown by Type (2015-2027)
1.3.2.3 Global Pet Insurance Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Pet Insurance Market Size Forecast by Type (2021-2027)
1.3.3.1 Global Pet Insurance Sales Market Share Breakdown by Application (2021-2027)
1.3.3.2 Global Pet Insurance Revenue Market Share Breakdown by Application (2021-2027)
1.3.3.3 Global Pet Insurance Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Pet Insurance Sales Breakdown by Type (2015-2027)
1.4.2 Europe Pet Insurance Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Pet Insurance Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Pet Insurance Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Pet Insurance Sales Breakdown by Type (2015-2027)
2 Global Pet Insurance Market Competition by Company
2.1 Global Top Players by Pet Insurance Sales (2015-2021)
2.2 Global Top Players by Pet Insurance Revenue (2015-2021)
2.3 Global Top Players Pet Insurance Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Pet Insurance Manufacturing Base Distribution, Sales Area, Product Type
2.5 Pet Insurance Market Competitive Situation and Trends
2.5.1 Pet Insurance Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Pet Insurance Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Pet Insurance as of 2019)
2.7 Date of Key Company Enter into Pet Insurance Market
2.8 Key Company Pet Insurance Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Pet Insurance Status and Outlook by Region (2015-2027)
3.1 Global Pet Insurance Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Pet Insurance Market Size Market Share by Region (2015-2021)
3.2.1 Global Pet Insurance Sales Market Share by Region (2015-2021)
3.2.2 Global Pet Insurance Revenue Market Share by Region (2015-2021)
3.2.3 Global Pet Insurance Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Pet Insurance Market Size Market Share by Region (2021-2027)
3.3.1 Global Pet Insurance Sales Market Share by Region (2021-2027)
3.3.2 Global Pet Insurance Revenue Market Share by Region (2021-2027)
3.3.3 Global Pet Insurance Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Pet Insurance Market Size By Growth (2015-2027)
3.4.1 North America Pet Insurance Revenue By Growth (2015-2027)
TOC Continued…!!!!
Reasons to Purchase this Report:
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Comprehensive analysis of the Aesthetic Implants Market growth drivers, obstacles, opportunities, and other related challenges.
- 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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