Pet insurance is defined as an insurance that can be paid partly or totally for the veterinary treatment of the insured pet. Pet insurance services involve policy coverage for pet accidents, injuries and for pet illnesses. Also, various pet insurance providers are offering innovative insurance coverage policies for multiple pets to attract large customer base. Furthermore, with increasing healthcare cost for pets, the pet owners are readily adopting pet health insurance, thereby fostering the market growth. Standard diagnosis coding system has highly evolved for maintaining human medical records in developed nations such as Italy, England, United States and Canada. This simplifies the overall process of claiming reimbursement and availing the insurance benefits that are offered by federal governments of respected countries.
The report titled, “ Global Pet Insurance Market Outlook, 2027”, by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based animal type (Cat, Dog & others), by insurance type (Accidental and Illness & Accident only endorsement) by the end-user (Agency, Broker, Bancassurance, Direct writing) based on region, countries & major companies. In the year 2016, the value of the pet insurance market was at USD 3.46 Billion, globally. The factors that are driving the market growth include an increasing number of pet adoption and rising awareness regarding pet insurance. Also, various pet insurance providers are offering innovative insurance coverage policies for multiple pets to attract a large customer base. Furthermore, with increasing healthcare costs for pets, pet owners are readily adopting pet health insurance, thereby fostering market growth. With the increasing pet adoption, the market is expected to grow with an anticipated CAGR of more than 13% in the forecasted period. Growing and increased demand for pet insurance market policies and rise in need for financial safety in case of surge in uncertainties boost the growth of the global pet insurance market. In addition, surge in number of veterinary centers positively impacts the growth of the market. Pet insurance is commonly selected by owners to reduce the burden of costs associated with veterinary services. Such schemes are offered by several public and private service providers for different companion animals such as dogs and cats, among others. Also, various innovative pet insurance coverage policies for multiple pets are offered by the services providers to attract a larger customer base. Thus, to reduce the rising burden of pet healthcare cost, the pet insurance industry is expected to register robust market growth over the forecast period.
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The accident & illness policy segment dominates the market with a high share of over 90% in 2016, aided by the comprehensive nature of the insurance policies. The customers prefer this policy over the accident only& endorsements segment, as it covers the majority of illnesses and accidents. This is undoubtedly the most favorable policy for young animals and thus driving the market. However, the market is expected to gain more popularity in the coming years and grow with a CAGR of 21%. Moreover, high veterinary treatment and diagnostic costs coupled with an increase in awareness regarding the insurance will further foster the market value. In the recent past, there has been a high adoption rate especially of dogs; due to this, the dog insurance covered an approx. 3/4th of the total market in 2020. Dogs get cancer almost at the same rate at which humans get, while cats get affected by cancer in fewer numbers. According to the Veterinary Cancer Society, globally, cancer is the leading cause of death in 47% of dogs over 10 years. The trend such as pet humanization is driving the pet insurance market. In this era, people are inclining towards the culture of nuclear families and hence it is resulting in the demand for pet adoption as people have started accepting pets as their family members even in the developing countries. There is an exponential surge in pet cat adoption which is to have a direct impact on cat pet insurance too, growing with a significant CAGR.
In terms of end-users, the market is led by the agencies, which held a share of over 43% in the year 2020. Usage of various strategies such as digital marketing and competitive pricing of the monthly premiums are the major factors leading to the market growth. Also, the development of innovative insurance schemes coupled with various efforts to increase customer awareness and satisfaction will further fuel the segment expansion in the future. Thus, the direct writing providers who offer maximum coverage with minimum premiums will further impel the industry revenue, with a significant CAGR during the forecast period.
Region wise, the pet insurance market was dominated by Europe in 2020, and is expected to retain its position during the forecast period, owing to increase in adoption of pets in the UK, Italy, France, Russia, and Germany. In addition, many insurance companies across Europe are coming up with various policy coverage to encourage pet owners to adopt dogs. These companies render services with plans for illnesses, injuries, and various diseases. However, Asia-Pacific is expected to witness significant growth in the near future, owing to growing awareness of pet care and pet insurance during the lockdown. Moreover, care and concern for pets, especially dogs, marks the successful transition of Indians from pet owners 10 years ago, to pet parents now. With higher disposable incomes in developing countries like India, more people are now willing to spend on additional things like pets and their healthcare.
Standard diagnosis coding system has highly evolved for maintaining human medical records in developed nations. This simplifies the overall process of claiming reimbursement and availing the insurance benefits that are offered by federal governments. However, there is a lack of standardized pet health codes. Most of the veterinary records are free text and do not have a standard diagnosis coding. This is one of the major barriers in using veterinary records for claiming pet insurance, thus hampering the industry growth. Europe, leads the global pet insurance market, while the rising trend of pet acceptance in the developing countries in Asia will further augment the regional growth. Even though the high cost of the pet plans & lack of awareness is projected as major market restraints, the presence of key players in the market is to push the market growth in the coming period.
Recent Developments
• In December 2021, Trupanion and Chewy partnered to offer exclusive suite of pet wellness and health insurance plans to more than 20 million Chewy customers. This strategic partnership was aimed to offer customers both wellness plans, preventive care and comprehensive insurance plans for illness, accidents, and chronic conditions. This partnership enhanced the product portfolio of healthcare services and products.
• In September 2021, Lemonade, the insurance company powered by AI, launched the new pet health insurance (Lemonade Pet) for puppies and kittens.
• In July 2020, Lemonade launched pet insurance, with a 10% discount available to existing Lemonade policy holders who choose to bundle their new pet insurance with home/renters’ insurance.
• In October 2019, Warburg Pincus acquired Petplan. The acquisition provided Petplan the access to capital and resources of Warburg Pincus. This acquisition enabled Warburg Pincus to make huge investment in the pet insurance marketplace to boost PetPlan’s operations.
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COVID-19 Impact
The pet insurance market has witnessed significant growth in the past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a sudden decline in 2020. This is attributed to majority of the diagnosis and veterinary centers being closed due to lockdown implemented by various governments. In addition, COVID-19 has highly affected the industries in terms of growth, economy, health and mental wellbeing of every individual. Various pet associated companies are taking extraordinary care of pets during pandemic times. Insurance companies are trying to innovate and modify the policy coverage and policies depending upon the incidences of health conditions. Companies are focusing on providing solutions to the pet owners and spreading awareness regarding the cost reimbursement available in the market.
Companies Included :
Trupanion, Pethealth Inc, Ipet Insurance Co. Limited, Petsure (Australia) Pty Limited, Petfirst Healthcare Llc, Anicom Holding, Agria Pet Insurance Limited, Crum Forster Pet Ins Group, Petplan Limited, Oriental Insurance, Anicom Holding Inc., Tokio Marine & Nichida Fire Insurance Co.Ltd.
Considered in the report
• Geography: Global
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027
Regions covered:
• North America
• Europe
• Asia
• Latin America
• Middle East & Africa
Aspects covered in the report
• Market Size by Value for the period (2016-2027F)
• Market Share by Animal Type (Cat, Dog & others)
• Market Share by Insurance Type (Accidental and Illness & Accident only endorsement)
• Market Share by End User (Agency, Broker, Bancassurance, Direct writing)
• Market Share by Region
• Market Share by Country
• Market Share by Company
The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
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Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Finance & Insurance Service industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Companies Mentioned
Agria Pet Insurance Limited
FIGO PET INSURANCE, LLC (figo)
Nationalwide
PETFIRST pet insurance
PETHEALTH
PETPLAN PET INSURANCE
PetSure
Trupanion
Oriental Insurance
Anicom Holdings, Inc.
Tokio Marine & Nichido Fire Insurance Co.Ltd
Table of Contents
Table of Content
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic / Demographic Snapshot
5. Global Pet Insurance Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Animal Type
5.2.2. By Insurance Type
5.2.3. By End User
5.2.4. By Region
5.2.5. By Country
5.2.6. By Company
6. North America Pet Insurance Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Animal Type
6.2.2. By Insurance Type
6.2.3. By End User
6.2.4. By Country
6.3. USA Pet Insurance Market Outlook
6.3.1. Market Size By Value
6.3.2. Market Share
6.3.2.1. By Animal Type
6.3.2.2. By Insurance Type
6.4. Canada Pet Insurance Market Outlook
6.4.1. Market Size By Value
6.4.2. Market Share
6.4.2.1. By Animal Type
6.4.2.2. By Insurance Type
6.5. Mexico Pet Insurance Market Outlook
6.5.1. Market Size By Value
6.5.2. Market Share
6.5.2.1. By Animal Type
6.5.2.2. By Insurance Type
7. Europe Pet Insurance Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1. By Animal Type
7.2.2. By Insurance Type
7.2.3. By End User
7.2.4. By Country
7.3. Germany Pet Insurance Market Outlook
7.3.1. Market Size By Value
7.3.2. Market Share
7.3.2.1. By Animal Type
7.3.2.2. By Insurance Type
7.4. UK Pet Insurance Market Outlook
7.4.1. Market Size By Value
7.4.2. Market Share
7.4.2.1. By Animal Type
7.4.2.2. By Insurance Type
7.5. France Pet Insurance Market Outlook
7.5.1. Market Size By Value
7.5.2. Market Share
7.5.2.1. By Animal Type
7.5.2.2. By Insurance Type
7.6. Spain Pet Insurance Market Outlook
7.6.1. Market Size By Value
7.6.2. Market Share
7.6.2.1. By Animal Type
7.6.2.2. By Insurance Type
7.7. Italy Pet Insurance Market Outlook
7.7.1. Market Size By Value
7.7.2. Market Share
7.7.2.1. By Animal Type
7.7.2.2. By Insurance Type
7.8. Russia Pet Insurance Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Share
7.8.2.1. By Animal Type
7.8.2.2. By Insurance Type
8. Asia-Pacific Pet Insurance Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Animal Type
8.2.2. By Insurance Type
8.2.3. By End Use
8.2.4. By Country
8.3. China Pet Insurance Market Outlook
8.3.1. Market Size By Value
8.3.2. Market Share
8.3.2.1. By Animal Type
8.3.2.2. By Insurance Type
8.4. Japan Pet Insurance Market Outlook
8.4.1. Market Size By Value
8.4.2. Market Share
8.4.2.1. By Animal Type
8.4.2.2. By Insurance Type
8.5. India Pet Insurance Market Outlook
8.5.1. Market Size By Value
8.5.2. Market Share
8.5.2.1. By Animal Type
8.5.2.2. By Insurance Type
8.6. Australia Pet Insurance Market Outlook
8.6.1. Market Size By Value
8.6.2. Market Share
8.6.2.1. By Animal Type
8.6.2.2. By Insurance Type
9. South America Pet Insurance Market Outlook
9.1. Market Size By Value
9.2. Market Share
9.2.1. By Animal Type
9.2.2. By Insurance Type
9.2.3. By End User
9.2.4. By Country
9.3. Brazil Pet Insurance Market Outlook
9.3.1. Market Size By Value
9.3.2. Market Share
9.3.2.1. By Animal Type
9.3.2.2. By Insurance Type
9.4. Argentina Pet Insurance Market Outlook
9.4.1. Market Size By Value
9.4.2. Market Share
9.4.2.1. By Animal Type
9.4.2.2. By Insurance Type
9.5. Columbia Pet Insurance Market Outlook
9.5.1. Market Size By Value
9.5.2. Market Share
9.5.2.1. By Animal Type
9.5.2.2. By Insurance Type
10. Middle East & Africa Pet Insurance Market Outlook
10.1. Market Size By Value
10.2. Market Share
10.2.1. By Animal Type
10.2.2. By Insurance Type
10.2.3. By End User
10.2.4. By Country
10.3. UAE Pet Insurance Market Outlook
10.3.1. Market Size By Value
10.3.2. Market Share
10.3.2.1. By Animal Type
10.3.2.2. By Insurance Type
10.4. Saudi Arabia Pet Insurance Market Outlook
10.4.1. Market Size By Value
10.4.2. Market Share
10.4.2.1. By Animal Type
10.4.2.2. By Insurance Type
10.5. South Africa Pet Insurance Market Outlook
10.5.1. Market Size By Value
10.5.2. Market Share
10.5.2.1. By Animal Type
10.5.2.2. By Insurance Type
11. Market Dynamics
11.1. Market Drivers
11.2. Market Challenges
12. Market Trends & Development
12.1. XXXXXXXXXXX
12.2. XXXXXXXXXXX
12.3. XXXXXXXXXXX
12.4. XXXXXXXXXXX
12.5. XXXXXXXXXXX
13. Company Profiles
13.1. Agria Pet Insurance Limited
13.2. FIGO PET INSURANCE, LLC (figo)
13.3. Nationalwide
13.4. PETFIRST pet insurance
13.5. PETHEALTH
13.6. PETPLAN PET INSURANCE
13.7. PetSure
13.8. Trupanion
14. Company Overviews
14.1. Crum & Forster Pet Insurance Group
14.2. Direct Line Group
14.3. PetSecure Pet Insurance
14.4. TRUSTEDPALS
14.5. RSA Group
14.6. USAA
14.7. Oriental Insurance
14.8. Anicom Holdings, Inc.
14.9. Tokio Marine & Nichido Fire Insurance Co.Ltd
15. Strategic Recommendations
16. Disclaimer
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 5: Global Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 6: Global Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 7: Global Pet Insurance Market Share By Region (2016, 2021 & 2027F)
Table 8: Global Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 9: Global Pet Insurance Market Share By Company (2021)
Table 10: North America Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 11: North America Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 12: North America Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 13: North America Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 14: US Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 15: US Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 16: US Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 17: US Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 18: US Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 19: US Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 20: Canada Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 21: Canada Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 22: Canada Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 23: Canada Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 24: Canada Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 25: Canada Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 26: Mexico Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 27: Mexico Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 28: Mexico Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 29: Mexico Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 30: Mexico Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 31: Mexico Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 32: Europe Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 33: Europe Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 34: Europe Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 35: Europe Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 36: Germany Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 37: Germany Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 38: Germany Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 39: Germany Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 40: Germany Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 41: Germany Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 42: UK Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 43: UK Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 44: UK Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 45: UK Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 46: UK Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 47: UK Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 48: France Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 49: France Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 50: France Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 51: France Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 52: France Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 53: France Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 54: Spain Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 55: Spain Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 56: Spain Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 57: Spain Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 58: Spain Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 59: Spain Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 60: Italy Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 61: Italy Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 62: Italy Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 63: Italy Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 64: Italy Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 65: Italy Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 66: Russia Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 67: Russia Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 68: Russia Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 69: Russia Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 70: Russia Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 71: Russia Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 72: Asia-Pacific Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 73: Asia-Pacific Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 74: Asia-Pacific Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 75: Asia-Pacific Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 76: China Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 77: China Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 78: China Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 79: China Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 80: China Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 81: China Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 82: Japan Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 83: Japan Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 84: Japan Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 85: Japan Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 86: Japan Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 87: Japan Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 88: India Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 89: India Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 90: India Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 91: India Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 92: India Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 93: India Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 94: Australia Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 95: Australia Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 96: Australia Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 97: Australia Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 98: Australia Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 99: Australia Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 100: South America Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 101: South America Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 102: South America Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 103: South America Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 104: Brazil Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 105: Brazil Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 106: Brazil Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 107: Brazil Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 108: Brazil Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 109: Brazil Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 110: Argentina Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 111: Argentina Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 112: Argentina Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 113: Argentina Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 114: Argentina Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 115: Argentina Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 116: Columbia Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 117: Columbia Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 118: Columbia Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 119: Columbia Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 120: Columbia Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 121: Columbia Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 122: Middle East & Africa Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 123: Middle East & Africa Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 124: Middle East & Africa Pet Insurance Market Share By End User (2016, 2021 & 2027F)
Table 125: Middle East & Africa Pet Insurance Market Share By Country (2016, 2021 & 2027F)
Table 126: UAE Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 127: UAE Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 128: UAE Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 129: UAE Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 130: UAE Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 131: UAE Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 132: Saudi Arabia Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 133: Saudi Arabia Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 134: Saudi Arabia Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 135: Saudi Arabia Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 136: Saudi Arabia Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 137: Saudi Arabia Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 138: South Africa Pet Insurance Market Value By Animal Type (In USD Billion) (2016, 2021 & 2027F)
Table 139: South Africa Pet Insurance Market Share By Animal Type (2016, 2021 & 2027F)
Table 140: South Africa Pet Insurance Market Growth By Animal Type (2016, 2021 & 2027F)
Table 141: South Africa Pet Insurance Market Value By Insurance Type (In USD Billion) (2016, 2021 & 2027F)
Table 142: South Africa Pet Insurance Market Share By Insurance Type (2016, 2021 & 2027F)
Table 143: South Africa Pet Insurance Market Growth By Insurance Type (2016, 2021 & 2027F)
Table 144: Key Facts of Agria Pet Insurance, Limited
Table 145: Key Facts of Figo Pet Insurance, LLC
Table 146: Key Facts of Nationalwide
Table 147: Key Facts of PetFirst Pet Insurance
Table 148: Key Facts of PetHealth
Table 149: Key Facts of Petplan Pet Insurance
Table 150: Key Facts of PetSure
Table 151: Key Facts of Trupanion
List of Figures
Figure 1: Global Pet Insurance Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: North America Pet Insurance Market Size By Value 2016 to 2027F (In USD Billion)
Figure 3: USA Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 4: Canada Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 5: Mexico Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 6: Europe Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 7: Germany Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 8: UK Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 9: France Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 10: Spain Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 11: Italy Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 12: Russia Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 13: Asia-Pacific Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 14: China Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 15: Japan Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 16: India Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 17: Australia Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 18: South America Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 19: Brazil Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 20: Argentina Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 21: Columbia Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 22: Middle East & Africa Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 23: UAE Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 24: Saudi Arabia Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 25: South Africa Pet Insurance Market Size – By Value 2016 to 2027F (In USD Billion)
Market Research FAQs
The global rise in the adoption of new pets along with the increasing awareness among the already existing pet owners in the market about the advantage of policies is driving the market growth.
The Global Pet insurance market is expected to grow with a CAGR of almost 11% in the future till the year of 2027.
The largest market for pet insurance according to the region is that of Europe.
The Dog segment by animal type is expected to reach to a value of over USD 8 billion in the coming years.
Trupanion, Pethealth Inc, Ipet Insurance Co. Limited, Petsure (Australia) Pty Limited, Petfirst Healthcare Llc, Anicom Holding, Agria Pet Insurance Limited, Veterinary Pet Insurance Services, Inc, Crum Forster Pet Ins Group, Petplan Limited
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