Pet Insurance Market Size to Reach USD 13 Billion by 2025 – Arizton

The global pet insurance market size is expected to grow at a CAGR of over 20% during the period 2019–2025.

The rapid growth in the number of animal owners in the past decade across the globe, especially in the US, Canada, the UK, and Sweden, where dogs and cats are treated as family members, will influence the industry significantly. The increasing popularity of pet humanization concept is increasing the demand for grooming and care products. Owners, especially millennials, are willing to spend more on their companion animals to ensure a healthy and secure life. The US household spent more than $72 billion in 2018 on pet medical insurance care, which is 4.5% higher than in 2017.

The following factors are likely to contribute to the growth of the pet insurance market during the forecast period:
• Increased Awareness of Pet Insurance
• High Interest of Millennials in Pets
• Popularity of Pet Humanization Concept

The study considers the present scenario of the pet insurance market and dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

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Pet Insurance Market – Vendor Profiles

Key Vendors
• Nationwide
• Trupanion
• Healthy Paws Pet Insurance
• PetPlan
• Agria

Other Prominent Vendors
• Crum & Forster
• Hartville Pet Insurance
• Embrace Pet Insurance
• Pet Secure
• RSA
• Pet Plan (North America)
• Directline
• Anicom Holding
• Ipet Insurance
• Japan Animal Club
• Pet Insurance
• Bow Wow Meow
• 1300 Insurance
• Petsy
• Kogan
• Prime Pet Insurance
• Pet Secure
• Pets Best
• Bupa
• Sainsbury
• Allstate
• Figo
• ASPCA
• Mapfre
• HKT Financial Services
• Oriental
• Dot Sure
• Pet Sure
• Medipet
• One Plan
• Hollard
• Pet Assure
• Dog Sure
• Paw Paw
• Geico
• LV
• Liberty
• Santalucia
• Inov Expat
• Caser
• Protectapet
• New India Assurance
• Waggel
• Understand Insurance
• Pets Plus Us
• 24 Pet Watch
• Animal Friends
• Cat Sure
• Kido
• Rogz
• Solver
• 365 Pet Insurance
• Barmenia Direkt
• Gunn & Partner
• Helvetia
• Reaal Dier & Zorg
• Ohra
• Hema
• April
• Bulle Bleue
• ECA
• My French House
• Picc
• Meritz
• Samsung Fire & Marine
• Lotte Non-Life Insurance
• Hyundai Marine & Fire Insurance
• United India
• HappyTails
• AIA
• CIMB
• 4 Paws
• Toto
• If
• FWD
• MSIG

Pet Insurance Market – Segmentation

Market Segmentation by Insurance Type
• Accidents and Illness
• Accident Only
Market Segmentation by Animal Type
• Dogs
• Cats
• Others
Market Segmentation by Distribution
• Agency
• Bancassurance
• Brokers
• Direct Writing
Market Segmentation Geography
• APAC
• China
• Japan
• Australia
• South Korea
• Europe
• Germany
• France
• UK
• Sweden
• Netherlands
• North America
• US
• Canada
• MEA
• South Africa
• Latin America
• Brazil
• Mexico

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Pet Insurance Market – Table of Contents

1 Research Methodology
2 Research Objectives
3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Insurance type
4.4.2 Market Segmentation by Applications
4.4.3 Market Segmentation by Distribution
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rise in Number of Pet Owners
8.1.2 Awareness about Pet Insurance
8.1.3 Increased Spending on Pet & Pet Products
8.2 Market Growth Restraints
8.2.1 Stigma Towards Costs Associated with Pet Insurance
8.2.2 Fraudulent Activities Associated with Pet Insurance
8.3 Market Opportunities & Trends
8.3.1 Rise in Online Claims
8.3.2 Rise in Millennials Interest for Pets
8.3.3 Rise in Pet Humanization

9 Global Pet Insurance Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry

10 Pet Insurance Market by Insurance Type
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Accident & Illness
10.3.1 Market Size & Forecast
10.3.2 By Geography: Market Size & Forecast
10.3.3 By Dogs: Market Size & Forecast
10.3.4 By Cats: Market Size & Forecast
10.3.5 By Other Pets: Market Size & Forecast
10.4 Accident only
10.4.1 Market Size & Forecast
10.4.2 By Geography: Market Size & Forecast
10.4.3 By Dogs: Market Size & Forecast
10.4.4 By Cats: Market Size & Forecast
10.4.5 By Other Pets: Market Size & Forecast

11 Pet Insurance Market by Animal Type
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Dogs
11.3.1 Market Size & Forecast
11.3.2 By Geography: Market Size & Forecast
11.3.3 Accident & Illness Policy: Market Size & Forecast
11.3.4 Accident Only: Market Size & Forecast
11.4 Cats
11.4.1 Market Size & Forecast
11.4.2 By Geography: Market Size & Forecast
11.4.3 Accident & Illness Policy: Market Size & Forecast
11.4.4 Accident-only Policy: Market size & Forecast
11.5 Others
11.5.1 Market Size & Forecast
11.5.2 By Geography: Market Size & Forecast
11.5.3 Accident & Illness Policy: Market size & Forecast
11.5.4 Accident Only Policy: Market size & Forecast

12 Pet Insurance Market by Distribution Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.2.1 Agency
12.2.2 Brokers
12.2.3 Bancassurance
12.2.4 Direct Writing
12.3 Future of Pet Insurance Distribution Channel

13 Pet Insurance Market by Geography
13.1 Market Snapshot & Growth Engine
13.2 Overview

14 Europe
14.1 Market Overview
14.2 By Policy Type
14.2.1 Market Size & Forecast
14.3 By Animal Type
14.3.1 Market Size & Forecast
14.4 By Distribution Channel
14.4.1 Market Size & Forecast
14.5 Key Countries
14.5.1 UK: Pet Insurance Market Size & Forecast
14.5.2 Sweden: Market Size & Forecast
14.5.3 France: Pet Insurance Market Size & Forecast
14.5.4 Germany: Market Size & Forecast
14.5.5 Netherlands: Pet Insurance Market Size & Forecast

15 North America
15.1 Market Overview
15.2 By Policy Type
15.2.1 Market Size & Forecast
15.3 By Animal Type
15.3.1 Market Size & Forecast
15.4 By Distribution Channel
15.4.1 Market Size & Forecast
15.5 Key Countries
15.5.1 US: Pet Insurance Market Size & Forecast
15.5.2 Canada: Market Size & Forecast

16 APAC
16.1 Market Overview
16.2 By Policy Type
16.2.1 Market Size & Forecast
16.3 By Animal Type
16.3.1 Market Size & Forecast
16.4 By Distribution Channel
16.4.1 Market Size & Forecast
16.5 Key Countries
16.5.1 Australia: Pet Insurance Market Size & Forecast
16.5.2 China: Market Size & Forecast
16.5.3 Japan: Pet Insurance Market Size & Forecast
16.5.4 South Korea: Market Size & Forecast

17 Latin America
17.1 Market Overview
17.2 By Policy Type
17.2.1 Market Size & Forecast
17.3 By Animal Type
17.3.1 Market Size & Forecast
17.4 By Distribution Channel
17.4.1 Market Size & Forecast
17.5 Key Countries
17.5.1 Brazil: Pet Insurance Market Size & Forecast
17.5.2 Mexico: Market Size & Forecast

18 Middle East & Africa
18.1 Market Overview
18.2 By Policy Type
18.2.1 Market Size & Forecast
18.3 By Animal Type
18.3.1 Market Size & Forecast
18.4 By Distribution Channel
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 South Africa: Pet Insurance Market Size & Forecast

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