Report overview
This report studies the Pet Insurance market, Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.
This report aims to provide a comprehensive presentation of the global market for Pet Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pet Insurance. This report contains market size and forecasts of Pet Insurance in global, including the following market information:
Global Pet Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Pet Insurance market was valued at US$ 5588.4 million in 2022 and is projected to reach US$ 13080 million by 2029, at a CAGR of 12.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main market for pet insurance is Europe with about 55%, followed by North America with about 25%.
Major players include Petplan UK (Allianz), Agria, Royal & Sun Alliance (RSA), Nationwide, Trupanion, etc. The top three players account for about 40% of the whole market.
We surveyed the Pet Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Pet Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Pet Insurance Market Segment Percentages, by Type, 2022 (%)
Lifetime Cover
Non-lifetime Cover
Accident-only
Other
Global Pet Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Pet Insurance Market Segment Percentages, by Application, 2022 (%)
Dog
Cat
Other
Global Pet Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Pet Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Pet Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Pet Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Petplan UK (Allianz)
Nationwide
Trupanion
Petplan NorthAmerica(Allianz)
Hartville Group
Pethealth
Petfirst
Embrace
Royal & Sun Alliance (RSA)
Direct Line Group
Agria
Petsecure
PetSure
Anicom Holding
ipet Insurance
Japan Animal Club
Outline of Major Chapters:
Chapter 1: Introduces the definition of Pet Insurance, market overview.
Chapter 2: Global Pet Insurance market size in revenue.
Chapter 3: Detailed analysis of Pet Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Pet Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
