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PUBLISHER: Orion Market Research | PRODUCT CODE: 1215766

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PUBLISHER: Orion Market Research | PRODUCT CODE: 1215766

Pet Insurance Market 2022-2028

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Title:Global Pet Insurance Market Size, Share, and Trends Analysis Report, by Policy (Illness & Accident, Chronic Condition, and Other Policies), by Animal (Companion, Livestock, and Equine), and by Sales Channel (Agency, Broker, Direct, and Others), Forecast Period (2022-2028).

The global pet insurance market is anticipated to grow at a CAGR of 8.2% during the forecast period. The rising public awareness programs run by governments across the globe are significantly supporting the growth of the market. Animal Association of Avian Pathologists (AAAP), American Feed Industry Association (AFIA), and the National Turkey Federation (NTF) are some of the animal welfare organizations actively working for generating public awareness.

The global pet insurance market is segmented based on the policy, animal, and sales channels. Based on the policy, the market is sub-segmented into illness & accident, chronic conditions, and other policies. Based on animals, the market is sub-segmented into companions (including dogs and cats), livestock (including cows, ships, and camels), and equines (including fish and tortoises). Based on the sales channel, the market is segmented as agency, broker, direct, and others. These segments can further be customized as per the requested research requirements.

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country as per the requested research requirements. The European region holds considerable share in the global pet insurance market owing to the rising pet adoption. Similarly, in Europe, there were 88 million households that had pets in 2020, as per the European Pet Food Industry Federation (FEDIAF). There are around 110 million cats, 90 million dogs, and 52 million birds as pets in Europe in 2020. Russia is the major shareholder in the pet insurance industry across Europe, followed by Germany and France.

The major companies serving the global pet insurance market include Anicom Holdings Inc., Embrace Pet Insurance Agency LLC, Figo Pet Insurance LLC, ipet Insurance Co., Ltd., Medibank Pvt. Ltd., Oneplan Health Insurance, and RSA Insurance Group Ltd., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance-

Lemonade, the insurance company powered by AI, launched the new pet health insurance (Lemonade Pet) for puppies and kittens in September 2021.

Trupanion partnered with Vetter Software, a provider of technology solutions for animal healthcare, in June 2020. This partnership included integration between Vetter Software's cloud veterinary practice management platform software and Trupanion's software which enables direct payment to the veterinarian at the time of check-out.

Research Methodology

The market study of the global pet insurance market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

  • Financial reports of companies involved in the market.
  • Whitepapers, research papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

  • Global Pet Insurance Market Research and Analysis by Policy.
  • Global Pet Insurance Market Research and Analysis by Animal.
  • Global Pet Insurance Market Research and Analysis by Sales Channel.

The Report Covers:

  • Comprehensive research methodology of the global pet insurance market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global pet insurance market.
  • Insights about market determinants that are stimulating the global pet insurance market.
  • Detailed and extensive market segments with the regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Product Code: OMR2026822

Table of Contents

1. Report Summary

  • Current Industry Analysis and Growth Potential Outlook
  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments
    • 1.2.2. By Region

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion

3. Competitive Landscape

  • 3.1. Key Company Analysis
    • 3.1.1. Overview
    • 3.1.2. Financial Analysis
    • 3.1.3. SWOT Analysis
    • 3.1.4. Recent Developments
  • 3.2. Key Strategy Analysis

4. Market Segmentation

  • 4.1. Global Pet Insurance Market by Policy
    • 4.1.1. Illnesses and Accidents
    • 4.1.2. Chronic Conditions
    • 4.1.3. Other Policies
  • 4.2. Global Pet Insurance Market by Animal
    • 4.2.1. Companion (including Dogs and Cats)
    • 4.2.2. Livestock (including Cow, Ship, and Camel)
    • 4.2.3. Equine (including Fish and Tortoise)
  • 4.3. Global Pet Insurance Market by Sales Channel
    • 4.3.1. Agency
    • 4.3.2. Broker
    • 4.3.3. Direct
    • 4.3.4. Others

5. Regional Analysis

  • 5.1. North America
    • 5.1.1. US
    • 5.1.2. Canada
  • 5.2. Europe
    • 5.2.1. UK
    • 5.2.2. Germany
    • 5.2.3. Italy
    • 5.2.4. Spain
    • 5.2.5. France
    • 5.2.6. Rest of Europe
  • 5.3. Asia-Pacific
    • 5.3.1. China
    • 5.3.2. India
    • 5.3.3. Japan
    • 5.3.4. Rest of Asia-Pacific
  • 5.4. Rest of the World

6. Company Profiles

  • 6.1. Anicom Holdings, Inc.
  • 6.2. Animal Friends Insurance Services, Ltd.
  • 6.3. Deutsche Familienversicherung AG (DFV)
  • 6.4. Dotsure, Ltd.
  • 6.5. Embrace Pet Insurance Agency LLC
  • 6.6. Bimeda Inc. (Texas Vet Lab, Inc.)
  • 6.7. Figo Pet Insurance LLC
  • 6.8. Hartville Group
  • 6.9. Healthy Paws Pet Insurance LLC
  • 6.10. ipet Insurance Co., Ltd.
  • 6.11. Medibank Pvt. Ltd.
  • 6.12. Metlife Services and Solutions LLC (Petfirst Healthcare LLC)
  • 6.13. Nationwide Mutual Insurance Co.
  • 6.14. Oneplan Health Insurance
  • 6.15. Pets Best Insurance Services, LLC
  • 6.16. Petplan, Ltd.
  • 6.17. RSA Insurance Group, Ltd.
  • 6.18. The Oriental Insurance Co. Ltd.
  • 6.19. Trupanion, Inc.
  • 6.20. U K Insurance, Ltd.
Product Code: OMR2026822

LIST OF TABLES

  • 1. GLOBAL PET INSURANCE MARKET RESEARCH AND ANALYSIS BY POLICY, 2021-2028 ($ MILLION)
  • 2. GLOBAL PET ILLNESS & ACCIDENT INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 3. GLOBAL PET CHRONIC CONDITIONS INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 4. GLOBAL PET OTHER INSURANCE POLICIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 5. GLOBAL PET INSURANCE MARKET RESEARCH AND ANALYSIS BY ANIMAL, 2021-2028 ($ MILLION)
  • 6. GLOBAL COMPANION PET INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 7. GLOBAL LIVESTOCK PET INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 8. GLOBAL EQUINE PET INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 9. GLOBAL PET INSURANCE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2021-2028 ($ MILLION)
  • 10. GLOBAL PET INSURANCE BY AGENCY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 11. GLOBAL PET INSURANCE BY BROKER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 12. GLOBAL PET INSURANCE BY DIRECT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 13. GLOBAL PET INSURANCE BY OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 14. GLOBAL PET INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
  • 15. NORTH AMERICAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
  • 16. NORTH AMERICAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY POLICY, 2021-2028 ($ MILLION)
  • 17. NORTH AMERICAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY ANIMAL, 2021-2028 ($ MILLION)
  • 18. NORTH AMERICAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2021-2028 ($ MILLION)
  • 19. EUROPEAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
  • 20. EUROPEAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY POLICY, 2021-2028 ($ MILLION)
  • 21. EUROPEAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY ANIMAL, 2021-2028 ($ MILLION)
  • 22. EUROPEAN PET INSURANCE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2021-2028 ($ MILLION)
  • 23. ASIA-PACIFIC PET INSURANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
  • 24. ASIA-PACIFIC PET INSURANCE MARKET RESEARCH AND ANALYSIS BY POLICY, 2021-2028 ($ MILLION)
  • 25. ASIA-PACIFIC PET INSURANCE MARKET RESEARCH AND ANALYSIS BY ANIMAL, 2021-2028 ($ MILLION)
  • 26. ASIA-PACIFIC PET INSURANCE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2021-2028 ($ MILLION)
  • 27. REST OF THE WORLD PET INSURANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
  • 28. REST OF THE WORLD PET INSURANCE MARKET RESEARCH AND ANALYSIS BY POLICY, 2021-2028 ($ MILLION)
  • 29. REST OF THE WORLD PET INSURANCE MARKET RESEARCH AND ANALYSIS BY ANIMAL, 2021-2028 ($ MILLION)
  • 30. REST OF THE WORLD PET INSURANCE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2021-2028 ($ MILLION)

LIST OF FIGURES

  • 1. GLOBAL PET INSURANCE MARKET SHARE BY POLICY, 2021 VS 2028 (%)
  • 2. GLOBAL PET ILLNESS & ACCIDENT POLICY MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 3. GLOBAL PET CHRONIC CONDITION POLICY MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 4. GLOBAL PET OTHER POLICY BIOLOGICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 5. GLOBAL PET INSURANCE MARKET SHARE BY ANIMAL, 2021 VS 2028 (%)
  • 6. GLOBAL COMPANION PET INSURANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 7. GLOBAL LIVESTOCK PET INSURANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 8. GLOBAL EQUINE PET INSURANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 9. GLOBAL PET INSURANCE MARKET SHARE BY SALES CHANNEL, 2021 VS 2028 (%)
  • 10. GLOBAL PET INSURANCE BY AGENCY MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 11. GLOBAL PET INSURANCE BY BROKER MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 12. GLOBAL PET INSURANCE BY DIRECT MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 13. GLOBAL PET INSURANCE BY OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 14. GLOBAL PET INSURANCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
  • 15. US PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 16. CANADA PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 17. UK PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 18. FRANCE PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 19. GERMANY PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 20. ITALY PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 21. SPAIN PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 22. REST OF EUROPE PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 23. INDIA PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 24. CHINA PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 25. JAPAN PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 26. REST OF ASIA-PACIFIC PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
  • 27. REST OF THE WORLD PET INSURANCE MARKET SIZE, 2021-2028 ($ MILLION)
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