DUBLIN, February 7, 2022 /PRNewswire/ — The report “Pet Insurance Market by Policy Coverage, By Pet Type, By Sales Channel: Global Opportunities Analysis and Industry Forecast, 2021-2030″ has been added to from ResearchAndMarkets.com offer.
Pet insurance is a health insurance policy offered to pet owners to claim and reimburse certain medical expenses. Pet insurance is used to cover both residential and commercial pets. According to the North American Pet Health Insurance Association (NAPHIA) 2019 survey, the average cost of pet insurance in the United States in 2019 was $585.40 per year for dogs and $349.93 for cats. The total value of the US pet insurance market was $1.56 billion. Moreover, it will directly create an opportunity for players to grab the intact customers and offer different products to increase their sales and customer satisfaction. Plus, it also helps reduce the financial risk of unexpected veterinary bills by covering injuries caused by accident and illness like cancer, hip dysplasia, glaucoma, parvovirus and others, medications and surgery.
Increased demand for pet insurance policies and rising need for financial security amid rising uncertainties is driving the growth of the global pet insurance market. Moreover, the increase in the number of veterinary centers has a positive impact on the growth of the market. However, lack of awareness about pet insurance policy and high cost of premiums are hampering the growth of the market. On the contrary, the implementation of technologies in existing products and service lines and government initiatives regarding pet insurance policies are expected to provide remunerative opportunities for market expansion over the forecast period.
The pet insurance market is segmented on the basis of policy coverage, animal type, sales channel and region. By policy coverage, the market is divided into accident only, accident and sickness and other. By type of animal it is divided into dogs, cats and others. By sales channel, the market is divided into agency, broker, and other. Region wise it is analyzed through North America, Europe, Asia Pacificand LAMEA.
Key players profiled in the Pet Insurance Market analysis are Embrace Pet Insurance Agency, LLC, Figo Pet Insurance LLC., Hartville Group, Nationwide, Pet Assure Corp., PetFirst, Ipet Insurance, Pets Best Insurance Services, LLC, Royal & Sun Alliance. (RSA) and Trupanion. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits
- The study provides an in-depth analysis of the global pet insurance market forecast along with current and future trends to explain the impending investment pockets.
- Information on major drivers, restraints and opportunities and their impact analysis on the global pet insurance market trends are provided in the report.
- Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.
- Quantitative market analysis from 2020 to 2030 is provided to determine the market potential.
Main topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key Forces Shaping the Gaming Simulators Industry/Market
3.2.1. Market dynamics
3.2.1.1. Increase in demand for pet insurance policies
3.2.1.2. Increased need for financial security in the face of growing uncertainties
3.2.1.3. Increase in the number of veterinary centers
3.2.2. Constraints
3.2.2.1. Lack of knowledge regarding pet insurance policy
3.2.2.2. High premium cost
3.2.3. Opportunities
3.2.3.1. Implementation of technologies in existing products and service lines
3.2.3.2. Government initiatives regarding pet insurance policies
3.1. Pet Insurance Market COVID-19 Impact Analysis
3.1.1. Impact on market size
3.1.2. Changing consumer trends, preferences and budget impact due to COVID-19
3.1.3. Economic impact
3.1.4. Strategies of key players to combat the negative impact in the industry
3.1.5. Opportunity Analysis for Pet Insurance Service Providers
CHAPTER 4: PET INSURANCE MARKET, BY PROLICY COVERAGE
4.1. Overview
4.2. Accident only
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Accident & illness
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Others
4.4.1. Key Market Trends, Growth Drivers and Opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
CHAPTER 5: PET INSURANCE MARKET, BY ANIMAL TYPE
5.1. Overview
5.2. Dogs
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Cats
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Others
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
CHAPTER 6: PET INSURANCE MARKET BY SALES CHANNEL
6.1. Overview
6.2. Agency
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Broker
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Others
6.4.1. Key Market Trends, Growth Drivers and Opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
CHAPTER 7: PET INSURANCE MARKET BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Analysis of the positioning of key players, 2020
8.2. Competitive Dashboard
8.3. The best winning strategies
CHAPTER 9: COMPANY PROFILES
9.1. Embrace the Pet Insurance Agency, LLC
9.1.1. Company presentation
9.1.2. Key leaders
9.1.3. Company overview
9.1.4. Product portfolio
9.1.5. Key strategic moves and developments
9.2. Figo Pet Insurance LLC.
9.2.1. Company presentation
9.2.2. Key leaders
9.2.3. Company overview
9.2.4. Product portfolio
9.2.5. Key strategic moves and developments
9.3. Hartville Group
9.3.1. Company presentation
9.3.2. Key leaders
9.3.3. Company overview
9.3.4. Product portfolio
9.3.5. Company Performance
9.3.6. Key strategic moves and developments
9.4. At national scale
9.4.1. Company presentation
9.4.2. Key leaders
9.4.3. Company overview
9.4.4. Product portfolio
9.4.5. Key strategic moves and developments
9.5. Pet Assure Corp.
9.5.1. Company presentation
9.5.2. Key Executive
9.5.3. Company overview
9.5.4. Product portfolio
9.6. Petfirst
9.6.1. Company presentation
9.6.2. Key executive
9.6.3. Company overview
9.6.4. Product portfolio
9.6.5. Company Performance
9.6.6. Key strategic moves and developments
9.7. Ipet Insurance
9.7.1. Company presentation
9.7.2. Key leaders.
9.7.3. Company overview
9.7.4. Product portfolio
9.7.5. Key strategic moves and developments
9.8. Pets Best Insurance Services, LLC
9.8.1. Company presentation
9.8.2. Key leaders
9.8.3. Company overview
9.8.4. Product portfolio
9.8.5. Key strategic moves and developments
9.9. Royal & Sun Alliance (RSA)
9.9.1. Company presentation
9.9.2. Key leaders
9.9.3. Company overview
9.9.4. Product portfolio
9.9.5. Company Performance
9.9.6. Key strategic moves and developments
9.10. Trupanion
9.10.1. Company presentation
9.10.2. Key leaders
9.10.3. Company overview
9.10.4. Operating business areas
9.10.5. Product portfolio
9.10.6. Company Performance
9.10.7. Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/whf8ay
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