Report overview
This research report provides a comprehensive analysis of the Pet Accident-only Insurance market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Pet Accident-only Insurance market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Pet Accident-only Insurance, challenges faced by the industry, and potential opportunities for market players.
The global Pet Accident-only Insurance market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Pet Accident-only Insurance market presents opportunities for various stakeholders, including Dog, Cat. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Pet Accident-only Insurance market. Additionally, the growing consumer demand present avenues for market expansion.
The global Pet Accident-only Insurance market was valued at US$ 159.4 million in 2023 and is projected to reach US$ 221.9 million by 2030, at a CAGR of 4.9% during the forecast period.
Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from ?2.6bn in 2015 to ?4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ?67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 371%.
Key Features:
The research report on the Pet Accident-only Insurance market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Pet Accident-only Insurance market.
Market Overview: The report provides a comprehensive overview of the Pet Accident-only Insurance market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Pet Liability Insurance, Pet Medical Insurance), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Pet Accident-only Insurance market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Pet Accident-only Insurance market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Pet Accident-only Insurance market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Pet Accident-only Insurance market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Pet Accident-only Insurance market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Pet Accident-only Insurance market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Pet Accident-only Insurance, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Pet Accident-only Insurance market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Pet Accident-only Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Pet Liability Insurance
Pet Medical Insurance
Market segment by Application
Dog
Cat
Other
Global Pet Accident-only Insurance Market Segment Percentages, By Region and Country, 2023 (%)
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
Major players covered
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 Accident-only Insurance, market overview.
Chapter 2: Global Pet Accident-only Insurance market size in revenue.
Chapter 3: Detailed analysis of Pet Accident-only 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 Accident-only 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.
