Global Pet Insurance Market Growth (Status and Outlook) 2023-2029

Global Pet Insurance Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Pet Insurance Industry Forecast” looks at past sales and reviews total world Pet Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Pet Insurance sales for 2023 through 2029. With Pet Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pet Insurance industry.
This Insight Report provides a comprehensive analysis of the global Pet Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pet Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pet Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pet Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pet Insurance.
The global Pet Insurance market size is projected to grow from US$ 5313.1 million in 2022 to US$ 13300 million in 2029; it is expected to grow at a CAGR of 14.0% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Pet Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Lifetime Cover
Non-lifetime Cover
Accident-only
Other
Segmentation by application
Dog
Cat
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.