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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

出版日: | 発行: IMARC | ページ情報: 英文 143 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=154.36円
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
  • 全表示
  • 概要
  • 図表
  • 目次
概要

概要

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。

ペット保険市場の動向と促進要因:

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。

本レポートで扱う主な質問

  • 世界のペット保険市場の規模は?
  • 2023-2028年における世界のペット保険市場の予想成長率は?
  • 世界のペット保険市場を牽引する主な要因は何か
  • COVID-19が世界のペット保険市場に与えた影響は?
  • ペット保険の世界市場における保険契約別の区分は?
  • 世界のペット保険市場の動物別区分は?
  • ペット保険の世界市場のプロバイダー別区分は?
  • ペット保険の世界市場における主要地域は?
  • ペット保険の世界市場における主要プレイヤー/企業は?

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のペット保険市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:保険契約別

  • 疾病・事故
    • 市場動向
    • 市場予測
  • 慢性疾患
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:動物別

    • 市場動向
    • 市場予測
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳:プロバイダー別

  • 公共
    • 市場動向
    • 市場予測
  • 民間
    • 市場動向
    • 市場予測

第9章 市場内訳:地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳:国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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
図表

List of Figures

  • Figure 1: Global: Pet Insurance Market: Major Drivers and Challenges
  • Figure 2: Global: Pet Insurance Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Pet Insurance Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Pet Insurance Market: Breakup by Policy (in %), 2022
  • Figure 5: Global: Pet Insurance Market: Breakup by Animal (in %), 2022
  • Figure 6: Global: Pet Insurance Market: Breakup by Provider (in %), 2022
  • Figure 7: Global: Pet Insurance Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Pet Insurance (Illnesses and Accidents) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Pet Insurance (Illnesses and Accidents) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Pet Insurance (Chronic Conditions) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Pet Insurance (Chronic Conditions) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Pet Insurance (Other Policies) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Pet Insurance (Other Policies) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Pet Insurance (Dog) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Pet Insurance (Dog) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Pet Insurance (Cat) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Pet Insurance (Cat) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Pet Insurance (Other Animals) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Pet Insurance (Other Animals) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Pet Insurance (Public) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Pet Insurance (Public) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Pet Insurance (Private) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Pet Insurance (Private) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: North America: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: North America: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: United States: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: United States: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Canada: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Canada: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Asia-Pacific: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Asia-Pacific: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: China: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: China: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: Japan: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: Japan: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: India: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: India: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: South Korea: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: South Korea: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: Australia: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: Australia: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Indonesia: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Indonesia: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Others: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Others: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: Europe: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: Europe: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Germany: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Germany: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: France: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: France: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: United Kingdom: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: United Kingdom: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Italy: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Italy: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Spain: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Spain: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Russia: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Russia: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Others: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Others: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Latin America: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Latin America: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Brazil: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Brazil: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Mexico: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Mexico: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Others: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Others: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Middle East and Africa: Pet Insurance Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Middle East and Africa: Pet Insurance Market: Breakup by Country (in %), 2022
  • Figure 72: Middle East and Africa: Pet Insurance Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: Global: Pet Insurance Industry: SWOT Analysis
  • Figure 74: Global: Pet Insurance Industry: Value Chain Analysis
  • Figure 75: Global: Pet Insurance Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Pet Insurance Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Pet Insurance Market Forecast: Breakup by Policy (in Million US$), 2023-2028
  • Table 3: Global: Pet Insurance Market Forecast: Breakup by Animal (in Million US$), 2023-2028
  • Table 4: Global: Pet Insurance Market Forecast: Breakup by Provider (in Million US$), 2023-2028
  • Table 5: Global: Pet Insurance Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Pet Insurance Market: Competitive Structure
  • Table 7: Global: Pet Insurance Market: Key Players
目次
Product Code: SR112023A4792

Abstract

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.

Pet Insurance Market Trends/Drivers:

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.

Pet Insurance Industry Segmentation:

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.

Breakup by Policy:

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.

Breakup by Animal:

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.

Breakup by Provider:

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.

Breakup by Region:

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.

Competitive Landscape:

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.

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

Recent Developments:

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.

Key Questions Answered in This Report

  • 1. How big is the global pet insurance market?
  • 2. What is the expected growth rate of the global pet insurance market during 2023-2028?
  • 3. What are the key factors driving the global pet insurance market?
  • 4. What has been the impact of COVID-19 on the global pet insurance market?
  • 5. What is the breakup of the global pet insurance market based on the policy?
  • 6. What is the breakup of the global pet insurance market based on the animal?
  • 7. What is the breakup of the global pet insurance market based on the provider?
  • 8. What are the key regions in the global pet insurance market?
  • 9. Who are the key players/companies in the global pet insurance market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Pet Insurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Policy

  • 6.1 Illnesses and Accidents
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Chronic Conditions
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Others
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Animal

  • 7.1 Dog
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Cat
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Others
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Provider

  • 8.1 Public
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Private
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Agria Pet Insurance Ltd.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Anicom Holdings Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
    • 14.3.3 Direct Line Insurance Group plc
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
    • 14.3.4 dotsure.co.za
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Embrace Pet Insurance Agency LLC
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Figo Pet Insurance LLC
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 PTZ Insurance Agency, Ltd.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Healthy Paws Pet Insurance LLC
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Medibank Private Limited
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 MetLife Services and Solutions LLC
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Nationwide Mutual Insurance Company
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 SWOT Analysis
    • 14.3.12 Pethealth Inc.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
    • 14.3.13 Petplan (Allianz Insurance plc)
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
    • 14.3.14 The Oriental Insurance Company Ltd.
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
    • 14.3.15 Trupanion
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials