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ペット保険市場レポート:保険契約別、動物別、プロバイダー別、地域別、2023-2028年Pet Insurance Market Report by Policy (Illnesses and Accidents, Chronic Conditions, and Others), Animal (Dogs, Cats, and Others), Provider (Public, Private), and Region 2023-2028 |
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ペット保険市場レポート:保険契約別、動物別、プロバイダー別、地域別、2023-2028年 |
出版日: 2023年11月24日
発行: IMARC
ページ情報: 英文 143 Pages
納期: 2~3営業日
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世界のペット保険市場規模は2022年に71億米ドルに達しました。今後、IMARC Groupは、2022年から2028年にかけて12.25%の成長率(CAGR)を示し、2028年までに142億米ドルに達すると予測しています。ペットヘルスケア費用の上昇、ペット飼育率の増加、ペット保険のメリットに対する認知度の向上などが市場を後押しする主な要因です。
ペット保険は、飼い主がペットの医療費を管理できるように設計された金融商品です。人間の医療保険と同様の仕組みで、事故や病気、定期的な予防医療によって発生する獣医療費の一部を、契約内容に応じて補償します。手術、投薬、診断検査など、高額になりがちな動物病院の治療費を相殺することで、ペットの飼い主に安心を提供します。ペットの飼い主は、経済的な制約ではなく、ペットのニーズに基づいてヘルスケアを決定することができます。現在、ペット保険は、ペットの飼育数の増加と動物医療費の高騰により、世界中で絶大な支持を得ています。ペット保険はセーフティネットの役割を果たし、飼い主の家計に負担をかけることなくペットが必要な治療を受けられるようにします。
動物医療費の高騰は、ペットの飼い主に保険による経済的保護を求めるよう促し、毛皮で覆われたペットが法外な費用を負担することなく質の高い医療を受けられるようにし、予測期間中のペット保険市場の成長を刺激すると思われます。さらに、交友関係や精神的な安らぎへの欲求の高まりからペットの飼育率が上昇していることも、市場の成長を促しています。さらに、ペットを生活に迎え入れる家庭の増加が、保険契約の需要を増大させています。これとは別に、効果的なマーケティング・キャンペーンや啓蒙活動により、ペット保険の利点に対する認識が高まっていることも、市場成長を後押ししています。さらに、ペットの健康を守り、予期せぬ経済的負担を軽減することで安心を提供する保険の重要性を認識する飼い主が増加していることも、市場の成長に寄与しています。
ペット飼育の増加
ペット飼育数の継続的な増加は、ペット保険市場を促進する重要な要因です。家族の一員としてペットを飼う世帯数は世界的に顕著に増加しています。この動向は、都市化、ライフスタイルの変化、ペットを飼うことの精神的メリットへの理解の高まりなど、さまざまな要因に起因しています。ペットを生活に迎え入れる人が増えるにつれ、ペット保険の需要も高まっています。ペットの飼い主は、毛皮で覆われたペットのために最善のケアを提供することを求め、保険はペットの健康を守ると同時に、予期せぬ医療費に伴う潜在的な経済的負担を管理する手段を提供します。このようなペット飼育の急増は市場範囲を拡大し、現代のペットケアにおけるペット保険の重要性を浮き彫りにしています。
動物医療費の上昇
増加の一途をたどる動物医療費は、ペット保険市場のもう一つの重要な促進要因です。動物医療サービスは、高度な医療処置、専門的な治療、最先端技術を含むように進化してきたため、莫大な費用がかかります。ペットの飼い主は、質の高いペット・ヘルスケアにかかる高額な費用を認識するようになり、保険への加入を検討する傾向が強まっています。ペット保険は経済的な安定をもたらし、飼い主は高額な動物医療費に悩まされることなく、愛する動物に最善の医療を施すことができます。動物医療費が上昇を続ける中、ペット保険への需要は依然として高いです。ペット保険は、こうした出費を管理する実用的な解決策を提供し、飼い主に過度の経済的負担をかけることなく、ペットが必要な治療を受けられるようにするものだからです。
高まる認識と教育
ペット保険市場の成長は、ペット保険の利点に関する認識と教育の高まりにも影響されています。保険会社やペット団体は、ペット保険に加入することのメリットを飼い主に伝えるため、啓発キャンペーンや教育活動を積極的に行っています。こうした取り組みは、ペット保険にまつわる誤解や俗説を払拭することに成功し、飼い主の理解を深めることにつながっています。その結果、ペット保険がペットの健康を守り、予期せぬ医療費を確実にカバーすることで安心感をもたらすことを理解する人が増えています。ペット保険の価値について一般大衆を啓蒙するための継続的な努力は、市場の成長に大きく寄与しています。というのも、情報を得た飼い主は、経済的な安全性を提供しながらペットの健康を守る保険に投資する可能性が高まるからです。
The global pet insurance market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.25% during 2022-2028. The rising pet healthcare costs, increasing pet ownership rates, and growing awareness of the benefits of pet insurance are some of the major factors propelling the market.
Pet insurance is a financial product designed to help pet owners manage the costs of their pets' medical care. It operates similarly to human health insurance, covering a portion of veterinary expenses incurred due to accidents, illnesses, or routine preventive care, depending on the policy. It provides peace of mind to pet owners by offsetting the often steep costs of veterinary treatments, including surgeries, medications, and diagnostic tests. It allows pet parents to make healthcare decisions based on their pet's needs rather than financial constraints. At present, pet insurance is gaining immense traction across the globe owing to increasing pet ownership and inflating costs of veterinary care. Pet insurance serves as a safety net, ensuring that pets receive the necessary medical attention without straining their owners' finances.
The escalating costs of veterinary care that prompts pet owners to seek financial protection through insurance coverage, ensuring their furry companions can access quality medical treatments without incurring exorbitant expenses, will stimulate the growth of the pet insurance market during the forecast period. Moreover, the rising pet ownership rates, due to increasing desire for companionship and emotional well-being, has catalyzed market growth. Additionally, the growing number of households welcoming pets into their lives has augmented the demand for insurance policies. Apart from this, heightening awareness about the advantages of pet insurance, owing to effective marketing campaigns and educational efforts, is propelling market growth. Furthermore, the rising number of pet owners recognizing the importance of insurance as it safeguards their pets' health and offers peace of mind by mitigating unexpected financial burdens is contributing to market growth.
Increasing pet ownership
The continuous rise in pet ownership is a significant driver propelling the pet insurance Market. There has been a notable increase in the number of households worldwide that include pets as part of the family. This trend can be attributed to various factors, including urbanization, changing lifestyles, and an increasing understanding of the emotional benefits of having pets. As more people choose to bring pets into their lives, the demand for pet insurance grows. Pet owners seek to provide the best possible care for their furry companions, and insurance offers a means to protect their pets' health while also managing potential financial burdens associated with unexpected medical expenses. This surge in pet ownership expands the market scope and underscores the importance of pet insurance in modern pet care.
Rising veterinary costs
The ever-increasing costs of veterinary care constitute another significant driver of the pet insurance market. Veterinary services have evolved to include advanced medical procedures, specialized treatments, and cutting-edge technology, and therefore, it involves huge cost. Pet owners are increasingly becoming aware of the high costs associated with quality pet healthcare, making them more inclined to consider insurance coverage. Pet insurance policies provide financial security, allowing pet owners to provide their beloved animals with the best available medical care without experiencing the strain of steep veterinary bills. As veterinary costs continue to rise, the demand for pet insurance remains strong, as it offers a practical solution to managing these expenses, ensuring that pets receive the necessary care without placing undue financial burden on their owners.
Growing awareness and education
The growth of the pet insurance market is also influenced by a heightened level of awareness and education regarding the benefits of pet insurance. Insurance providers and pet organizations have been proactive in creating awareness campaigns and educational initiatives to inform pet owners about the advantages of having insurance coverage for their pets. These efforts have been successful in dispelling misconceptions and myths surrounding pet insurance, leading to improved understanding among pet owners. As a result, more individuals are realizing that pet insurance protects their pets' health and provides peace of mind by ensuring that unexpected medical expenses are covered. The ongoing efforts to educate the public about the value of pet insurance contribute significantly to the market growth, as informed pet owners are more likely to invest in policies that safeguard their pets' well-being while offering financial security.
IMARC Group provides an analysis of the key trends in each sub-segment of the global pet insurance market report, along with forecasts at the global, regional and country levels for 2023-2028. Our report has categorized the market based on policy, animal and provider.
Illnesses and Accidents
Chronic Conditions
Others
Illnesses and accidents represent the most popular policy
The report has provided a detailed breakup and analysis of the market based on the policy. This includes illnesses and accidents, chronic conditions, and others. According to the report, illnesses and accidents represented the largest segment.
Illnesses encompass a range of health conditions, from common issues like infections and allergies to more serious and chronic diseases such as cancer and diabetes. Accidents refer to unexpected injuries that can occur due to various circumstances at home, while playing, or during outdoor activities. Both illnesses and accidents can result in costly veterinary treatments and surgeries, which pet owners may not be financially prepared for. Pet insurance helps mitigate these unexpected expenses by covering a portion of the veterinary bills, providing peace of mind to pet owners and ensuring that pets receive timely and necessary medical care. Furthermore, the increasing awareness of these potential health risks and the desire to protect pets from financial burdens are key drivers for the growing demand for pet insurance policies.
Dog
Cat
Others
Dog accounts for the majority of the market share
A detailed breakup and analysis of the market based on the animal has also been provided in the report. This includes dog, cat, and others. According to the report, dog accounted for the largest market share.
Dogs often require a range of medical services throughout their lives, including vaccinations, routine check-ups, and treatments for various illnesses and injuries as one of the most beloved and commonly owned pets across the globe. The inherent playful and active nature of dogs can lead to accidents and injuries, further strengthening the need for insurance coverage. Additionally, certain breeds are prone to specific health conditions, making insurance a practical choice for breed-specific health concerns. Furthermore, escalating demand for dog-specific insurance policies due to the rising number of pet owners becoming more attuned to the comprehensive healthcare requirements of their canine companions. This trend reflects the commitment of dog owners to ensuring their pets' well-being and addressing potential financial challenges associated with their healthcare, ultimately driving the growth of the pet insurance market.
Public
Private
Public holds the largest share in the market
A detailed breakup and analysis of the market based on the provider has also been provided in the report. This includes public and private. According to the report, public accounted for the largest market share.
The involvement of public entities as providers in the pet insurance market plays a significant role in driving its expansion. When government agencies or publicly funded programs offer pet insurance, it can lead to increased accessibility and affordability for a broader segment of the population. This inclusivity encourages more pet owners to consider insurance options for their pets, resulting in higher product demand. Public providers often have the capacity to implement policies with favorable terms and competitive pricing, making pet insurance more appealing and accessible to a diverse range of pet owners. Their presence in the market fosters competition, which can lead to better coverage options, improved benefits, and overall market growth. Furthermore, the involvement of public entities as pet insurance providers that aligns with the goal of promoting responsible pet ownership and ensuring that pet healthcare remains accessible and affordable, is contributing to market growth.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance in the market
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for pet insurance.
North America held the biggest share in the market since the region boasts high pet ownership rates and a strong culture of responsible pet care that creates a demand for pet insurance. The presence of countries such as the United States and Canada, where pet ownership is widespread, pet owners are increasingly viewing insurance as a means to provide comprehensive healthcare for their furry companions. Moreover, North America has witnessed a consistent rise in veterinary costs, necessitating financial protection against unexpected medical expenses. Moreover, the rapid expansion of the region's insurance industry and well-established regulatory frameworks have paved the way for numerous insurance providers to offer competitive pet insurance products.
Additionally, aggressive marketing campaigns, educational initiatives, and partnerships with veterinarians have raised awareness about the benefits of pet insurance among North American pet owners, further driving market growth. The availability of a wide range of coverage options, including wellness and preventive care packages, aligns with the evolving needs of pet owners in the region, positioning North America as the leading regional market for pet insurance.
The market is experiencing steady growth as key players are introducing innovative solutions to cater to the evolving needs of pet owners. One notable innovation is the inclusion of wellness and preventive care packages within pet insurance policies. These packages cover routine check-ups, vaccinations, and preventive treatments, promoting proactive pet healthcare. Additionally, some insurers are leveraging technology by offering telemedicine services, allowing pet owners to consult with veterinarians remotely. Moreover, the integration of wearable devices and mobile apps, enabling real-time health monitoring and easier claims processing. Furthermore, the rising focus of key players on customization, with insurers tailoring policies to meet specific breed or age-related requirements is driving market growth. These innovations reflect the industry's commitment to providing comprehensive and convenient pet insurance options, aligning with the growing demand for holistic pet care solutions.
Agria Pet Insurance Ltd.
Anicom Holdings Inc.
Direct Line Insurance Group plc
dotsure.co.za
Embrace Pet Insurance Agency LLC
Figo Pet Insurance LLC
PTZ Insurance Agency, Ltd.
Healthy Paws Pet Insurance, LLC,
Medibank Private Limited
MetLife Services and Solutions, LLC
Nationwide Mutual Insurance Company
Pethealth Inc.
Petplan (Allianz Insurance plc)
The Oriental Insurance Company Ltd.
Trupanion
In February 2023, Agria Pet Insurance Ltd. launched pet insurance coverage in Ireland. This strategic expansion marks a significant milestone for the company as it extends its commitment to safeguarding the well-being of pets to Irish pet owners. The introduction of pet insurance in Ireland underscores Agria Petinsure's dedication to providing comprehensive protection and support for pets and their owners. This move enables Irish pet owners to access reliable insurance solutions tailored to their furry companions' needs.
In June 2021, Trupanion announced the plan to expand its overseas growth by hiring Wheeler from Agria Pet Insurance Ltd. The primary focus of this expansion is to tap into new markets, including Japan, the United Kingdom, Brazil, and Western Europe. By extending its footprint to these regions, the company aims to provide its pet insurance and related services to a broader global audience. This move aligns with Trupanion's commitment to delivering high-quality pet insurance solutions worldwide. As they venture into these new territories under Mr. Wheeler's guidance, Trupanion seeks to solidify its position as a trusted leader in the pet insurance industry.