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Pet Insurance Market

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Pet Insurance Market By Policy Coverage Type (Accident and Illness, Only Accident, Others), By Animal Type (Cat, Dog, and Others), and By Provider Type (Public, and Private): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the pet insurance industry. The report analyzes and declares the historical and current trends analysis of the pet insurance industry and subsequently recommends the projected trends anticipated to be observed in the pet insurance market during the upcoming years.

The pet insurance market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire pet insurance market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the pet insurance industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the pet insurance industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the pet insurance market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the pet insurance industry. The pet insurance market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the pet insurance sector. Key strategic developments in the pet insurance market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the pet insurance market are appropriately highlighted in the report.

The pet insurance market research report delivers an acute valuation and taxonomy of the pet insurance industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the pet insurance industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the pet insurance industry is provided for the leading economies of the world.

The pet insurance policy is bought by the pet owner to control the pet medical expenses including vaccination of the animal, heartworm testing, routine dental cleaning and curing of many diseases. This policy is similar as the health insurance policy for humans. However, the cost of policy is depend upon the various factors such as type of the animal weather it is dog, cat, horse or other type of animal including reptiles, birds, etc. , length of the policy, and type of the insurance. The efficient reimbursement policies and lucrative schemes in pet insurance provided by the pet insurance companies are driving the market growth. Moreover, due to the changing lifestyle in many emerging countries, and increasing per capita income the adoption of pet animals is also increasing, is expected to boost the market in the future years. However, lack of standard animal health code for reimbursement policies and the lack of awareness about the pet insurance policies in many developing countries may impede the market growth. On the other hand, rising pet diseases and increasing cost of pet medical expenses may produce lucrative opportunities in the market.

The pet insurance market is segmented based on policy coverage type, animal type, provider and region. On the basis of policy coverage type segmentation, the market is classified into accident and illness, only accident, and others. In term of animal type, the market is divided into cat, dog and others. And by providers, the market is bifurcated into public and private.

Some of the essential players operating in the pet insurance market, but not restricted to include The Oriental Insurance Company Ltd., Embrace Pet Insurance Agency, Anicom Holdings Inc, LLC, Hartville Group, Health for Pet, Figo Pet Insurance LLC., Hollard, Nationwide, Oneplan, Pethealth, Petfirst Healthcare LLC, Petplan, Protectaplan, Royal & Sun Alliance, Trupanion, and others.

logoThe taxonomy of the pet insurance industry by its scope and segmentation is as follows:

logoGlobal Pet Insurance Market: By Policy Coverage Type Segmentation Analysis

  • Accident and Illness
  • Only Accident
  • Others

logoGlobal Pet Insurance Market: By Animal Coverage Type Segmentation Analysis

  • Cat
  • Dog
  • Others

logoGlobal Pet Insurance Market: By Provider Type Segmentation Analysis

  • Public
  • Private

logoGlobal pet insurance Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
key report pointers

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Pet Insurance market – Policy Coverage Type Analysis
    1. 2.1. Global Pet Insurance Market–Policy Coverage TypeOverview
    2. 2.2. Global Pet InsuranceMarketShare, by Policy Coverage Type, 2019 & 2026 (USD Billion)
    3. 2.3. Accident and Illness
      1. 2.3.1. Global Accident and IllnessPet InsuranceMarket,2016-2026 (USD Billion)
    4. 2.4. Only Accident
      1. 2.4.1. Global Only AccidentPet InsuranceMarket,2016-2026 (USD Billion)
    5. 2.5. Others
      1. 2.5.1. Global OthersPet InsuranceMarket,2016-2026 (USD Billion)
  3. CHAPTER 3. Pet Insurance market – Animal Type Analysis
    1. 3.1. Global Pet Insurance Market–Animal TypeOverview
    2. 3.2. Global Pet InsuranceMarketShare, by Animal Type, 2019 & 2026 (USD Billion)
    3. 3.3. Cat
      1. 3.3.1. Global CatPet InsuranceMarket,2016-2026 (USD Billion)
    4. 3.4. Dog
      1. 3.4.1. Global DogPet InsuranceMarket,2016-2026 (USD Billion)
    5. 3.5. Others
      1. 3.5.1. Global OthersPet InsuranceMarket,2016-2026 (USD Billion)
  4. CHAPTER 4. Pet Insurance market – Provider Type Analysis
    1. 4.1. Global Pet Insurance Market–Provider TypeOverview
    2. 4.2. Global Pet InsuranceMarketShare, by Provider Type, 2019 & 2026 (USD Billion)
    3. 4.3. Public
      1. 4.3.1. Global PublicPet InsuranceMarket,2016-2026 (USD Billion)
    4. 4.4. Private
      1. 4.4.1. Global PrivatePet InsuranceMarket,2016-2026 (USD Billion)
  5. CHAPTER 5. Pet Insurance market – Regional Analysis
    1. 5.1. Global Pet Insurance MarketRegionalOverview
    2. 5.2. Global Pet InsuranceMarketShare, by Region, 2019 & 2026 (Value)
    3. 5.3. North America
      1. 5.3.1. North AmericaPet Insurance Market size and forecast, 2016-2026
      2. 5.3.2. North AmericaPet Insurance Market, by Country, 2019 & 2026 (USD Billion)
      3. 5.3.3. North AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026
        1. 5.3.3.1. North AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
      4. 5.3.4. North AmericaPet Insurance Market, by Animal Type, 2016-2026
        1. 5.3.4.1. North AmericaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
      5. 5.3.5. North AmericaPet Insurance Market, by Provider Type, 2016-2026
        1. 5.3.5.1. North AmericaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
      6. 5.3.6. U.S.
        1. 5.3.6.1. U.S. Market size and forecast, 2016-2026 (USD Billion)
      7. 5.3.7. Canada
        1. 5.3.7.1. Canada Market size and forecast, 2016-2026 (USD Billion)
    4. 5.4. Europe
      1. 5.4.1. EuropePet Insurance Market size and forecast, 2016-2026
      2. 5.4.2. EuropePet Insurance Market, by Country, 2019 & 2026 (USD Billion)
      3. 5.4.3. EuropePet Insurance Market, by Policy Coverage Type, 2016-2026
        1. 5.4.3.1. EuropePet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
      4. 5.4.4. EuropePet Insurance Market, by Animal Type, 2016-2026
        1. 5.4.4.1. EuropePet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
      5. 5.4.5. EuropePet Insurance Market, by Provider Type, 2016-2026
        1. 5.4.5.1. EuropePet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
      6. 5.4.6. Germany
        1. 5.4.6.1. Germany Market size and forecast, 2016-2026 (USD Billion)
      7. 5.4.7. France
        1. 5.4.7.1. France Market size and forecast, 2016-2026 (USD Billion)
      8. 5.4.8. U.K.
        1. 5.4.8.1. U.K. Market size and forecast, 2016-2026 (USD Billion)
      9. 5.4.9. Italy
        1. 5.4.9.1. Italy Market size and forecast, 2016-2026 (USD Billion)
      10. 5.4.10. Spain
        1. 5.4.10.1. Spain Market size and forecast, 2016-2026 (USD Billion)
      11. 5.4.11. Rest of Europe
        1. 5.4.11.1. Rest of Europe Market size and forecast, 2016-2026 (USD Billion)
    5. 5.5. Asia Pacific
      1. 5.5.1. Asia PacificPet Insurance Market size and forecast, 2016-2026
      2. 5.5.2. Asia PacificPet Insurance Market, by Country, 2019 & 2026 (USD Billion)
      3. 5.5.3. Asia PacificPet Insurance Market, by Policy Coverage Type, 2016-2026
        1. 5.5.3.1. Asia PacificPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
      4. 5.5.4. Asia PacificPet Insurance Market, by Animal Type, 2016-2026
        1. 5.5.4.1. Asia PacificPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
      5. 5.5.5. Asia PacificPet Insurance Market, by Provider Type, 2016-2026
        1. 5.5.5.1. Asia PacificPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
      6. 5.5.6. China
        1. 5.5.6.1. China Market size and forecast, 2016-2026 (USD Billion)
      7. 5.5.7. Japan
        1. 5.5.7.1. Japan Market size and forecast, 2016-2026 (USD Billion)
      8. 5.5.8. India
        1. 5.5.8.1. India Market size and forecast, 2016-2026 (USD Billion)
      9. 5.5.9. South Korea
        1. 5.5.9.1. South Korea Market size and forecast, 2016-2026 (USD Billion)
      10. 5.5.10. South-East Asia
        1. 5.5.10.1. South-East Asia Market size and forecast, 2016-2026 (USD Billion)
      11. 5.5.11. Rest of Asia Pacific
        1. 5.5.11.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Billion)
    6. 5.6. Latin America
      1. 5.6.1. Latin AmericaPet Insurance Market size and forecast, 2016-2026
      2. 5.6.2. Latin AmericaPet Insurance Market, by Country, 2019 & 2026 (USD Billion)
      3. 5.6.3. Latin AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026
        1. 5.6.3.1. Latin AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
      4. 5.6.4. Latin AmericaPet Insurance Market, by Animal Type, 2016-2026
        1. 5.6.4.1. Latin AmericaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
      5. 5.6.5. Latin AmericaPet Insurance Market, by Provider Type, 2016-2026
        1. 5.6.5.1. Latin AmericaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
      6. 5.6.6. Brazil
        1. 5.6.6.1. Brazil Market size and forecast, 2016-2026 (USD Billion)
      7. 5.6.7. Mexico
        1. 5.6.7.1. Mexico Market size and forecast, 2016-2026 (USD Billion)
      8. 5.6.8. Rest of Latin America
        1. 5.6.8.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Billion)
    7. 5.7. The Middle-East and Africa
      1. 5.7.1. The Middle-East and AfricaPet Insurance Market size and forecast, 2016-2026
      2. 5.7.2. The Middle-East and AfricaPet Insurance Market, by Country, 2019 & 2026 (USD Billion)
      3. 5.7.3. The Middle-East and AfricaPet Insurance Market, by Policy Coverage Type, 2016-2026
        1. 5.7.3.1. The Middle-East and AfricaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
      4. 5.7.4. The Middle-East and AfricaPet Insurance Market, by Animal Type, 2016-2026
        1. 5.7.4.1. The Middle-East and AfricaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
      5. 5.7.5. The Middle-East and AfricaPet Insurance Market, by Provider Type, 2016-2026
        1. 5.7.5.1. The Middle-East and AfricaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
      6. 5.7.6. GCC Countries
        1. 5.7.6.1. GCC Countries Market size and forecast, 2016-2026 (USD Billion)
      7. 5.7.7. South Africa
        1. 5.7.7.1. South Africa Market size and forecast, 2016-2026 (USD Billion)
      8. 5.7.8. Rest of Middle-East Africa
        1. 5.7.8.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Billion)
  6. CHAPTER 6. Pet Insurance market – Competitive Landscape
    1. 6.1. Competitor Market Share – Revenue
    2. 6.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 6.3. Strategic Development
      1. 6.3.1. Acquisitions and Mergers
      2. 6.3.2. New Products
      3. 6.3.3. Research & Development Activities
  7. CHAPTER 7. Company Profiles
    1. 7.1. The Oriental Insurance Company Ltd.
      1. 7.1.1. Company Overview
      2. 7.1.2. The Oriental Insurance Company Ltd.Revenue and Gross Margin
      3. 7.1.3. Product portfolio
      4. 7.1.4. Recent initiatives
    2. 7.2. Embrace Pet Insurance Agency
      1. 7.2.1. Company Overview
      2. 7.2.2. Embrace Pet Insurance AgencyRevenue and Gross Margin
      3. 7.2.3. Product portfolio
      4. 7.2.4. Recent initiatives
    3. 7.3. Anicom Holdings Inc
      1. 7.3.1. Company Overview
      2. 7.3.2. Anicom Holdings IncRevenue and Gross Margin
      3. 7.3.3. Product portfolio
      4. 7.3.4. Recent initiatives
    4. 7.4. LLC
      1. 7.4.1. Company Overview
      2. 7.4.2. LLCRevenue and Gross Margin
      3. 7.4.3. Product portfolio
      4. 7.4.4. Recent initiatives
    5. 7.5. Hartville Group
      1. 7.5.1. Company Overview
      2. 7.5.2. Hartville GroupRevenue and Gross Margin
      3. 7.5.3. Product portfolio
      4. 7.5.4. Recent initiatives
    6. 7.6. Health for Pet
      1. 7.6.1. Company Overview
      2. 7.6.2. Health for PetRevenue and Gross Margin
      3. 7.6.3. Product portfolio
      4. 7.6.4. Recent initiatives
    7. 7.7. Figo Pet Insurance LLC.
      1. 7.7.1. Company Overview
      2. 7.7.2. Figo Pet Insurance LLC.Revenue and Gross Margin
      3. 7.7.3. Product portfolio
      4. 7.7.4. Recent initiatives
    8. 7.8. Hollard
      1. 7.8.1. Company Overview
      2. 7.8.2. HollardRevenue and Gross Margin
      3. 7.8.3. Product portfolio
      4. 7.8.4. Recent initiatives
    9. 7.9. Nationwide
      1. 7.9.1. Company Overview
      2. 7.9.2. NationwideRevenue and Gross Margin
      3. 7.9.3. Product portfolio
      4. 7.9.4. Recent initiatives
    10. 7.10. Oneplan
      1. 7.10.1. Company Overview
      2. 7.10.2. OneplanRevenue and Gross Margin
      3. 7.10.3. Product portfolio
      4. 7.10.4. Recent initiatives
    11. 7.11. Pethealth
      1. 7.11.1. Company Overview
      2. 7.11.2. PethealthRevenue and Gross Margin
      3. 7.11.3. Product portfolio
      4. 7.11.4. Recent initiatives
    12. 7.12. Petfirst Healthcare LLC
      1. 7.12.1. Company Overview
      2. 7.12.2. Petfirst Healthcare LLCRevenue and Gross Margin
      3. 7.12.3. Product portfolio
      4. 7.12.4. Recent initiatives
    13. 7.13. Petplan
      1. 7.13.1. Company Overview
      2. 7.13.2. PetplanRevenue and Gross Margin
      3. 7.13.3. Product portfolio
      4. 7.13.4. Recent initiatives
    14. 7.14. Protectaplan
      1. 7.14.1. Company Overview
      2. 7.14.2. ProtectaplanRevenue and Gross Margin
      3. 7.14.3. Product portfolio
      4. 7.14.4. Recent initiatives
    15. 7.15. Royal & Sun Alliance
      1. 7.15.1. Company Overview
      2. 7.15.2. Royal & Sun AllianceRevenue and Gross Margin
      3. 7.15.3. Product portfolio
      4. 7.15.4. Recent initiatives
    16. 7.16. Trupanion
      1. 7.16.1. Company Overview
      2. 7.16.2. TrupanionRevenue and Gross Margin
      3. 7.16.3. Product portfolio
      4. 7.16.4. Recent initiatives
  8. CHAPTER 8. Pet Insurance — Industry Analysis
    1. 8.1. Pet Insurance Market – Key Trends
      1. 8.1.1. Market Drivers
      2. 8.1.2. Market Restraints
      3. 8.1.3. Market Opportunities
    2. 8.2. Value Chain Analysis
    3. 8.3. Technology Roadmap and Timeline
    4. 8.4. Pet Insurance Market – Attractiveness Analysis
      1. 8.4.1. By Policy Coverage Type
      2. 8.4.2. By Animal Type
      3. 8.4.3. By Provider Type
      4. 8.4.4. By Region
  9. CHAPTER 9. Marketing Strategy Analysis, Distributors
    1. 9.1. Marketing Channel
    2. 9.2. Direct Marketing
    3. 9.3. Indirect Marketing
    4. 9.4. Marketing Channel Development Trend
    5. 9.5. Economic/Political Environmental Change
  10. CHAPTER 10. Report Conclusion
  11. CHAPTER 11. Research Approach & Methodology
    1. 11.1. Report Description
    2. 11.2. Research Scope
    3. 11.3. Research Methodology
      1. 11.3.1. Secondary Research
      2. 11.3.2. Primary Research
      3. 11.3.3. Models
        1. 11.3.3.1. Company Share Analysis Model
        2. 11.3.3.2. Revenue Based Modeling
        3. 11.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Pet Insurance Market, 2016-2026(USD Billion)
        FIG. 2 Global Pet Insurance MarketShare, by Policy Coverage Type, 2019 & 2026 (USD Billion)
        FIG. 3 Global Accident and IllnessPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 4 Global Only AccidentPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 5 Global OthersPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 6 Global Pet Insurance MarketShare, by Animal Type, 2019 & 2026 (USD Billion)
        FIG. 7 Global CatPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 8 Global DogPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 9 Global OthersPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 10 Global Pet Insurance MarketShare, by Provider Type, 2019 & 2026 (USD Billion)
        FIG. 11 Global PublicPet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 12 Global PrivatePet InsuranceMarket,2016-2026 (USD Billion)
        FIG. 13 Global Pet Insurance MarketShare, by Region, 2019 & 2026
        FIG. 14 North AmericaPet Insurance Market, 2016-2026
        FIG. 15 U.S.Pet Insurance Market, 2016-2026
        FIG. 16 CanadaPet Insurance Market, 2016-2026
        FIG. 17 EuropePet Insurance Market, 2016-2026
        FIG. 18 GermanyPet Insurance Market, 2016-2026
        FIG. 19 FrancePet Insurance Market, 2016-2026
        FIG. 20 U.K.Pet Insurance Market, 2016-2026
        FIG. 21 ItalyPet Insurance Market, 2016-2026
        FIG. 22 SpainPet Insurance Market, 2016-2026
        FIG. 23 Rest of EuropePet Insurance Market, 2016-2026
        FIG. 24 Asia PacificPet Insurance Market, 2016-2026
        FIG. 25 ChinaPet Insurance Market, 2016-2026
        FIG. 26 JapanPet Insurance Market, 2016-2026
        FIG. 27 IndiaPet Insurance Market, 2016-2026
        FIG. 28 South  KoreaPet Insurance Market, 2016-2026
        FIG. 29 South-East AsiaPet Insurance Market, 2016-2026
        FIG. 30 Rest of Asia PacificPet Insurance Market, 2016-2026
        FIG. 31 Latin AmericaPet Insurance Market, 2016-2026
        FIG. 32 BrazilPet Insurance Market, 2016-2026
        FIG. 33 MexicoPet Insurance Market, 2016-2026
        FIG. 34 Rest of Latin AmericaPet Insurance Market, 2016-2026
        FIG. 35 The Middle-East and AfricaPet Insurance Market, 2016-2026
        FIG. 36 GCC CountriesPet Insurance Market, 2016-2026
        FIG. 37 South AfricaPet Insurance Market, 2016-2026
        FIG. 38 Rest of Middle-East AfricaPet Insurance Market, 2016-2026
        FIG. 39 Competitor Market Share – Revenue
        FIG. 40 The Oriental Insurance Company Ltd. Revenue and Growth Rate
        FIG. 41 The Oriental Insurance Company Ltd. Market Share
        FIG. 42 Embrace Pet Insurance Agency Revenue and Growth Rate
        FIG. 43 Embrace Pet Insurance Agency Market Share
        FIG. 44 Anicom Holdings Inc Revenue and Growth Rate
        FIG. 45 Anicom Holdings Inc Market Share
        FIG. 46 LLC Revenue and Growth Rate
        FIG. 47 LLC Market Share
        FIG. 48 Hartville Group Revenue and Growth Rate
        FIG. 49 Hartville Group Market Share
        FIG. 50 Health for Pet Revenue and Growth Rate
        FIG. 51 Health for Pet Market Share
        FIG. 52 Figo Pet Insurance LLC. Revenue and Growth Rate
        FIG. 53 Figo Pet Insurance LLC. Market Share
        FIG. 54 Hollard Revenue and Growth Rate
        FIG. 55 Hollard Market Share
        FIG. 56 Nationwide Revenue and Growth Rate
        FIG. 57 Nationwide Market Share
        FIG. 58 Oneplan Revenue and Growth Rate
        FIG. 59 Oneplan Market Share
        FIG. 60 Pethealth Revenue and Growth Rate
        FIG. 61 Pethealth Market Share
        FIG. 62 Petfirst Healthcare LLC Revenue and Growth Rate
        FIG. 63 Petfirst Healthcare LLC Market Share
        FIG. 64 Petplan Revenue and Growth Rate
        FIG. 65 Petplan Market Share
        FIG. 66 Protectaplan Revenue and Growth Rate
        FIG. 67 Protectaplan Market Share
        FIG. 68 Royal & Sun Alliance Revenue and Growth Rate
        FIG. 69 Royal & Sun Alliance Market Share
        FIG. 70 Trupanion Revenue and Growth Rate
        FIG. 71 Trupanion Market Share
        FIG. 72 Market Dynamics
        FIG. 73 Global Pet Insurance – Value Chain Analysis
        FIG. 74 Technology Roadmap and Timeline
        FIG. 75 Market Attractiveness Analysis – By Policy Coverage Type
        FIG. 76 Market Attractiveness Analysis – By Animal Type
        FIG. 77 Market Attractiveness Analysis – By Provider Type
        FIG. 78 Market Attractiveness Analysis – By Region
        FIG. 79 Market Channel
        FIG. 80 Marketing Channel Development Trend
        FIG. 81 Growth in World Gross Product, 2008-2019

        List of Tables

        TABLE 1 Global Pet Insurance Market, 2019& 2026 (USD Billion)
        TABLE 2 Global Pet Insurance market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 3 Global Pet Insurance market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 4 Global Pet Insurance market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 5 Global Pet Insurance market, by Region, 2016-2026 (USD Billion)
        TABLE 6 North AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 7 North AmericaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 8 North AmericaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 9 EuropePet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 10 EuropePet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 11 EuropePet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 12 Asia PacificPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 13 Asia PacificPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 14 Asia PacificPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 15 Latin AmericaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 16 Latin AmericaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 17 Latin AmericaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 18 The Middle-East and AfricaPet Insurance Market, by Policy Coverage Type, 2016-2026 (USD Billion)
        TABLE 19 The Middle-East and AfricaPet Insurance Market, by Animal Type, 2016-2026 (USD Billion)
        TABLE 20 The Middle-East and AfricaPet Insurance Market, by Provider Type, 2016-2026 (USD Billion)
        TABLE 21 Global Pet Insurance Market - Company Revenue Analysis 2016-2019 (USD Billion)
        TABLE 22 Global Pet Insurance Market - Company Revenue Share Analysis 2016-2019(%)
        TABLE 23 Acquisitions and Mergers
        TABLE 24 New Product/Service Launch
        TABLE 25 Research & Development Activities
        TABLE 26 Market Drivers
        TABLE 27 Market Restraints
        TABLE 28 Market Opportunities

logoKey Insights from Primary Research

  • According to the primary CXO’s of the global pet insurance market, the market is estimated to witness a substantial growth of nearly 8.5% over the forecast period.
  • The market was valued at USD 5.7 billion, in 2019 and is expected to be valued over USD 10 billion.
  • By policy coverage type, the accident and illness policy dominated the market in 2019, and it is expected to grow over the forecast period owing to its ability to provide reimbursement for different types of illness including accidents.
  • On the basis of animal type, dog category led the market in 2019, attributed to high adoption of dog and lucrative dog insurance policies which cover wide range of dogs hunting dogs, cross bred, etc.
  • By provider segment, private insurance category is the largest growing segment due to the rising number of private insurance provider and attractive schemes provided by the private insurance companies.

logoKey Recommendations from Analysts

  • Our analysts recommend that the North America is the largest growing segment over the forecast period owing to the high adoption of the animals and awareness about the pet insurance policies.
  • Europe is also anticipated to shoe robust growth in the pet insurance market attributed to presence of major market players in this region and high penetration of insurance coverage for animals.
  • The cat category is projected to grow in the future years attributed to the adoption of cats and availability of cat breeds.
  • Due to the increasing adoption of pet animals and lucrative schemes in insurance policies is expected to boost the market in the future years.
  • Owing to the rising awareness about the cost of the pet medical expenses may produce lucrative opportunities in the market.

logoMarket Attractiveness by Animal Segment Analysis

Industry Major Market Players

  • The Oriental Insurance Company Ltd.
  • Embrace Pet Insurance Agency
  • Anicom Holdings Inc LLC
  • Hartville Group
  • Health for Pet
  • Figo Pet Insurance LLC.
  • Hollard
  • Nationwide
  • Oneplan
  • Pethealth
  • Petfirst Healthcare LLC
  • Petplan
  • Protectaplan
  • Royal & Sun Alliance
  • Trupanion

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Pet Insurance Market.
According to Facts and Factors research report, the global Pet Insurance Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Pet Insurance Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Pet Insurance Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Pet Insurance Market in North America over coming decade.
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