The Global Pet Insurance Market Research
Report includes In-depth Analysis of industry by recent technologies, trends,
opportunities, challenges, key players and business strategies considering
types, segment, and future analysis. The Pet
Insurance Market Report Provides Growth History, Sales Channel,
Manufacturers Profiled in Pet Insurance Business, Market Share of Product,
Application and Regional Scope of Pet Insurance which makes the research report
a helpful resource for marketing people, forecasters, industry executives &
consultants, sales, product managers, Strategy Advisor, potential investors to
understand the present as well as future market size, situations in terms of
growth rate and revenue. This report will help the viewer in Better Decision
Making.
Leading
Key Manufacturers – Hartville Group Inc, Trupanion Inc,
Petplan Limited, Nationwide Mutual Insurance Company, Pethealth Inc, and Royal
& Sun Alliance Insurance Company of Canada Inc, Petsecure, Embrace Pet
Insurance Agency LLC and Direct Line Insurance Group Plc.
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Pet insurance market is driven by rise in awareness for
pet safety and growing number of pet adoption cases in the developing
economies. Rising incidences of pet stealing and malpractices positively push
the consumers to buy a robust insurance cover for pet safety and protection.
However, significant cost of pet insurance policies and lack of awareness among
consumers is more likely to hinder the market growth.
End-user segment for pet insurance market comprises dog,
cat, horse and leisure pets. By policy type, the market segmentation entails
lifetime cover and non-lifetime cover. Geographical segmentation for the market
spans North America, South America, Europe, Asia-Pacific, Middle East and
Africa. Asia-Pacific regions are more likely to grow at a significant CAGR during
the forecast period, particularly India and China.
North America leads the market growth; as there is a
strong presence of regulations for animal safety and care. Availability of pet
insurance as a better product for pet safety is more likely to propel the
market growth. Rise in incidences of animal sickness and prolonged diagnosis,
highly expensive is more likely to call for pet insurance cover. Europe market
is anticipated to follow the trend during the forecast period.
In-Depth research report
on Pet Insurance Market: https://www.millioninsights.com/industry-reports/pet-insurance-market-study
Key
regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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