NEWS: 公告在東京證券交易所JASDAQ標準市場新上市

表紙
市場調查報告書

全球寵物保險市場:2021∼2028年

Global Pet Insurance Market - 2021-2028

出版商 DataM Intelligence 商品編碼 1023081
出版日期 內容資訊 英文 180 Pages
商品交期: 約2個工作天內
價格
全球寵物保險市場:2021∼2028年 Global Pet Insurance Market - 2021-2028
出版日期: 2021年08月12日內容資訊: 英文 180 Pages
簡介

寵物保險,是寵物的飼主購買的特殊產物保險的一種,有助於減輕高額的獸醫療費的整體成本。這樣的保險,與人用健康保險或多或少相似。寵物保險通常整體或部分理賠往往高額的動物醫院的治療。

本報告提供全球寵物保險市場相關調查,市場概要,以及各保險單、動物、供應商、地區的趨勢,及加入此市場的主要企業簡介等資訊。

目錄

第1章 全球寵物保險的調查手法和範圍

  • 調查手法
  • 調查的目的和調查範圍

第2章 全球寵物保險市場-市場定義和概要

第3章 全球寵物保險市場-摘要整理

  • 各保險單的市場明細
  • 各動物的市場明細
  • 各供應商的市場明細
  • 各地區的市場明細

第4章 全球寵物保險市場-市場動態

  • 影響市場的要素
    • 促進因素
    • 阻礙因素
    • 市場機會
    • 影響分析

第5章 全球寵物保險市場-產業分析

  • 波特的五力分析
  • PEST分析
  • 供應鏈分析
  • 價格分析
  • 法規分析
  • 償付分析
  • 未滿足需求

第6章 全球寵物保險市場-COVID-19分析

  • 市場上的Covid-19分析
    • COVID-19前的市場方案
    • COVID-19目前市場方案
    • COVID-19後或未來方案
  • Covid-19的價格動態
  • 需求與供給的頻譜
  • 大流行時的市場相關的政府舉措
  • 製造商策略性舉措
  • 結論

第7章 全球寵物保險市場-各保險單

  • 簡介
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場魅力指數
  • 病和事故
    • 簡介
    • 市場規模分析,百萬美元,2018∼2028年,及與前一年同期比較成長分析(%),2020∼2028年
  • 慢性疾病
  • 其他

第8章 全球寵物保險市場-各動物

  • 簡介
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場魅力指數
    • 簡介
    • 市場規模分析,百萬美元,2018∼2028年,及與前一年同期比較成長分析(%),2020∼2028年
  • 其他

第9章 全球寵物保險市場-各供應商

  • 簡介
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商
    • 市場魅力指數
  • 民間保險
    • 簡介
    • 市場規模分析,百萬美元,2018∼2028年,及與前一年同期比較成長分析(%),2020∼2028年
  • 公共保險
  • 其他

第10章 全球寵物保險市場-各地區

  • 簡介
    • 市場規模分析,百萬美元,2018∼2028年,及與前一年同期比較成長分析(%),2020∼2028年,各地區
    • 市場魅力指數
  • 北美
    • 簡介
    • 主要地區具體動態
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商
    • 市場規模分析,及與前一年同期比較成長分析(%),各國
  • 歐洲
    • 簡介
    • 主要地區具體動態
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商
    • 市場規模分析,及與前一年同期比較成長分析(%),各國
  • 南美
    • 簡介
    • 主要地區具體動態
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商
    • 市場規模分析,及與前一年同期比較成長分析(%),各國
  • 亞太地區
    • 簡介
    • 主要地區具體動態
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商
    • 市場規模分析,及與前一年同期比較成長分析(%),各國
  • 中東和非洲
    • 簡介
    • 主要地區具體動態
    • 市場規模分析,及與前一年同期比較成長分析(%),各保險單
    • 市場規模分析,及與前一年同期比較成長分析(%),各動物
    • 市場規模分析,及與前一年同期比較成長分析(%),各供應商

第11章 全球寵物保險市場-競爭情形

  • 主要的發展與策略
  • 企業佔有率分析
  • 產品的基準
  • 值得注意的主要企業
  • 有顛覆性技術的企業
  • Start-Ups企業

第12章 全球寵物保險市場-企業簡介概要

  • Embrace Pet Insurance Agency, LLC
    • 企業概要
    • 產品系列和概要
    • 主要的焦點
    • 財務概要
  • Anicom Holdings Inc
  • Figo Pet Insurance LLC
  • Hartville Group
  • Healthy Paws Pet Insurance, LLC
  • Hollard
  • Oneplan
  • Petfirst Healthcare LLC
  • Petplan
  • The Oriental Insurance Company Ltd

清單非網羅性

第13章 全球寵物保險市場-DataM

  • 附錄
  • 關於本公司、服務
  • 諮詢方式

本網頁內容可能與最新版本有所差異。詳細情況請與我們聯繫。

目錄
Product Code: DMHC3863

Pet Insurance Market Overview

The global pet insurance market size was valued US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Pet insurance, a type of specialty property and casualty insurance policy bought by a pet owner, helps lessen the overall costs of expensive veterinary bills. Such coverage is more or less similar to health insurance policies for humans. Pet insurance usually covers the often-expensive veterinary procedures, either entirely or partly.

Pet Insurance Market Dynamics

The pet insurance market growth is driven by the increasing awareness about pet insurance, rise in the number of companion animals, increasing number of pet adoption and companies offering innovative pet insurance coverage driving the growth of the market.

Increasing number of pet adoption is expected to drive the growth in the forecast period

The number of pet animals adopted widely for companionship has increased significantly in the past few years. People largely adopt pets for companionship, and there has been a shift in trend from pet owners to pet parents, which indicates that pets are considered a part of the family these days. According to the European Pet Food Industry statistics, around 85 million pet-owning homes in Europe in 2019. This number involves various pet insurance policy coverage, thereby augmenting the market value. As per the People's Dispensary for Sick Animals, in the United Kingdom (UK), the pet dog and cat population in 2013 was 7.8 million and 9.5 million, respectively, which increased to 9.9 million 10.9 million, respectively, in 2019.

In addition, as per the report "Pets in Australia: A national survey of pets and people" in 2019, pets' expenditure has increased tremendously due to increasing pet adoption. This report estimates that people spent over AUD 13 billion per year to keep pets fed, healthy, and well-accessorized, with the food and veterinary services accounting for half of all ongoing expenditures. Growing social acceptance of pets has stimulated pet adoption. Pet acceptance is also perceived to assist in low blood pressure, depression and loneliness, thus creating a growth opportunity for the market during the forecast timeframe.

Growing adoption of pet health insurance among pet owners is expected to drive the growth in the forecast period

Adopting pet health insurance is exploding in popularity because of a strong economy, improved consumer awareness, high disposable income, and easier claims processing worldwide. The pet health insurance coverage is expected to reimburse the diagnostic testing and imaging (e.g., X-rays, ultrasound, and MRI), it covers every accident and illness under one policy and the most common diagnostic tests covered by pet insurance include radiographs, ultrasounds, CT scans, and MRIs.

Moreover, as per the North American Pet Health Insurance Association (NAPHIA), in 2019, the adoption rates of pet health insurance in the United States were observed to be about around 2.3% among dogs compared to 1.7% in 2017 and about 0.4% in cats compared to 0.3% in the year 2017. This number indicates the increasing adoption of pet health insurance among pet owners, which is expected to impact the market positively.

Lack of standardized pet health codes or reimbursement may hamper the overall market demand

Standard diagnosis coding system has evolved to maintain human medical records in developed nations such as the U.S. and Canada. This will simplify the overall process of claiming reimbursement and availing the insurance benefits offered by federal governments of respected countries. But there is a lack of standardized pet health codes. Most of the veterinary records are free text and do not have a standard diagnosis coding. This one is the major barrier in using veterinary records for claiming pet insurance, thus hampering the industry growth. Although, due to the lack of standardized pet health codes, many companies and government associations are working with the veterinary professionals to create a framework for standard pet health codes. This will ensure simplicity in the claiming process and help the insurance companies improve the pre-authorization procedure, thereby enhancing the market expansion.

COVID-19 Impact Analysis

The pandemic of 2020, COVID-19, has badly impacted the instrument industry; there was no manufacturing, shipping of the existing orders, and half manufactured products, which resulted in huge capital loss and labor force due to strict regulations lockdowns all over the world. According to+ the American Veterinary Medical Association 2020, there was a survey conducted for practice owners. It was concluded that a rising number of veterinary practices are using telemedicine services, and precautionary lockdown measures are being carried out with only critical cases being attended to. But, COVID-19 has a slightly negative impact on the pet insurance market as the diagnosis and treatment procedures are witnessing decreasing rates.

Pet Insurance Market Segment Analysis

The accident & illness policy segment is expected to hold largest share in this market segment

The pet insurance market's accident & illness policy segment accounted for the largest share, led by the comprehensive nature of these insurance policies. Also, most of the illnesses and accidents are both covered in these insurance policies. The customers tend to prefer accident & illness policy coverage for their pets. Therefore, the accident & illness policy is the most favorable policy for young animals, driving the market revenue. Moreover, high veterinary treatment and diagnostic costs and increased awareness regarding accident & illness insurance will further foster the market value of pet insurance.

The dogs segment is expected to hold largest share in this market segment

The past few years have observed a significant rise in the adoption of animals, especially dogs, as they are among the favorite companions of human beings. According to "The Federation Cynologique Internationale," the approximate total number of dogs (PURE-BRED OR NOT) registered in 2019 is found to be 9,950,000 as compared to 9,000,000 in 2017.Therefore, with the high number and demand for dogs, there is a corresponding increase in the number of insurances for dogs.

Furthermore, the prevalence of several diseases among dogs coupled with high prices of treatments is the major contributor to adopting pet insurance among dogs. Dogs get cancer almost at the same rate as humans, while cats get affected by cancer in fewer numbers. For instance, according to the Veterinary Cancer Society, cancer is the leading cause of death in 47% of dogs, especially those over the age of 10, globally. Even though in most cases, cancer is a disease found in aging animals, however, some families or breeds of dogs, such as Rottweiler, Bernese Mountain Dog, and Bouvier des Flandres, German Shepherd, Great Dane, Labrador Retriever, Bichon Frise, Boxer, and Golden Retriever have a higher incidence or tendency for developing cancer at a young age.

A report published by the Association of British Insurers in 2019 reported that 4.8 million pets in the United Kingdom are insured, of which 2.8 million are dogs. This data indicates a huge adoption of pet insurance among dogs due to the huge burden of diseases among dogs. All these factors mentioned above are expected to propel market growth.

The private provider segment is expected to hold largest share in this market segment

The private provider segment accounted for the largest share. Usage of various strategies such as digital marketing and competitive pricing of the monthly premiums are the major factors leading to the market growth. Also, the development of innovative insurance schemes coupled with various efforts to increase customer awareness and satisfaction will further boost the segment expansion in the future. Thus, private providers offer maximum coverage with minimum premiums that will further impel the industry revenue.

Pet Insurance Market Geographical Analysis

North America region holds the largest market share of global pet insurance market

In the North American region, the United States accounted for the largest market share. High pet ownership, awareness, increasing pet insurance, and technological advancements in the diagnostics field are the major driving factors in the US region. The country's socio-economic conditions are good enough to give economic support to the market on the production and at the end-user level. In the United States, 67% of US households, or about 85 million families, own a pet, according to the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA). According to the American Pet Products Association's 2017-2018 National Pet Owners Survey, the total number of dogs owned was 89.7 million, and cats were 94.2 million in the United States. In 2018, the data published by APPA stated that the total pet healthcare expenditure was USD 75.38 billion by 2019, while the expenditure in 2017 was USD 69.51 billion.

Moreover, in October 2019, Embrace entered into a partnership with PawSupport for a 24/7 Pet Help Line for assistance through online chat, email, and video chat. This strategy is expected to provide new services to policyholders. This strategy enabled the company to expand its operations, thereby strengthening its market presence. Hence, all these market development strategies in this region are expected to propel market growth.

Pet Insurance Market Competitive Landscape

The global pet insurance market is moderately competitive with presence of global companies. Some of the key players which are contributing to the growth of the market include Anicom Holdings Inc, Embrace Pet Insurance Agency, LLC, Figo Pet Insurance LLC, Hartville Group, Healthy Paws Pet Insurance, LLC, Hollard, Oneplan, Petfirst Healthcare LLC, Petplan, The Oriental Insurance Company Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, In September 2019, Anicom launched its new pet insurance scheme called Animal Kenshoku ni, in Japan. This insurance scheme is aimed to provide cover to pets that are more than 8 years old. This new product launch strategy helped company to expand its existing customer base and strengthen its hold in the Japanese market.

Pet Insurance Market Key Companies to Watch

Embrace Pet Insurance Agency, LLC

Overview: Founded in 2003, Embrace has grown in leaps and bounds. Embrace was only just a pet insurance concept when it won the 2003 Wharton Business Plan Competition - a concept that has blossomed into the amazing company that we all know and love. September 2019 - Embrace partnered with PawSupport to give policyholders 24/7 access to a pet help line for guidance on pet-related issues including behavioral, dietary, and wellness concerns.

Key developments: In October 2019, Embrace announced a partnership with PawSupport for a 24/7 Pet Help Line for assistance through online chat, email, and a video chat. This move will provide new services to policyholders. This strategy enabled company to expand their operations, thereby strengthening their market presence.

Why Purchase the Report?

  • Visualize the composition of the pet insurance market segmentation by policy, animal, provider and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in pet insurance market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of pet insurance market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global pet insurance market report would provide an access to an approx. 61 market data table, 51 figures and 200 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Pet Insurance Market - By Policy

  • Illnesses and Accidents
  • Chronic Conditions
  • Others

Global Pet Insurance Market - By Animal

  • Dog
  • Cat
  • Others

Global Pet Insurance Market - By Provider

  • Public
  • Private

Global Pet Insurance Market - By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Table of Contents

1. Global Pet Insurance Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Pet Insurance Market - Market Definition and Overview

3. Global Pet Insurance Market - Executive Summary

  • 3.1. Market Snippet by Policy
  • 3.2. Market Snippet by Animal
  • 3.3. Market Snippet by Provider
  • 3.4. Market Snippet by Region

4. Global Pet Insurance Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Increasing number of pet adoption
      • 4.1.1.2. Growing adoption of pet health insurance among pet owners
    • 4.1.2. Restraints:
      • 4.1.2.1. Lack of standardized pet health codes or reimbursement
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Pet Insurance Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. PEST Analysis
  • 5.3. Supply Chain Analysis
  • 5.4. Pricing Analysis
  • 5.5. Regulatory Analysis
  • 5.6. Reimbursement Analysis
  • 5.7. Unmet Needs

6. Global Pet Insurance Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Pet Insurance Market - By Policy

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 7.1.2. Market Attractiveness Index, By Policy
  • 7.2. Illnesses and Accidents*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 7.3. Chronic conditions
  • 7.4. Others

8. Global Pet Insurance Market - By Animal

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Segment
    • 8.1.2. Market Attractiveness Index, By Animal Segment
  • 8.2. Dog*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 8.3. Cat
  • 8.4. Others

9. Global Pet Insurance Market - By Provider

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider
    • 9.1.2. Market Attractiveness Index, By Provider
  • 9.2. Private*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
  • 9.3. Public
  • 9.4. Others

10. Global Pet Insurance Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 10.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal
    • 10.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider
    • 10.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 10.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal
    • 10.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider
    • 10.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. U.K.
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Spain
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Policy
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Provider

11. Global Pet Insurance Market - Competitive Landscape

  • 11.1. Key Developments and Strategies
  • 11.2. Company Share Analysis
  • 11.3. Product Benchmarking
  • 11.4. Key Companies to Watch
  • 11.5. Company with disruptive technology
  • 11.6. Start Up Companies

12. Global Pet Insurance Market- Company Profiles

  • 12.1. Embrace Pet Insurance Agency, LLC*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Anicom Holdings Inc
  • 12.3. Figo Pet Insurance LLC
  • 12.4. Hartville Group
  • 12.5. Healthy Paws Pet Insurance, LLC
  • 12.6. Hollard
  • 12.7. Oneplan
  • 12.8. Petfirst Healthcare LLC
  • 12.9. Petplan
  • 12.10. The Oriental Insurance Company Ltd

LIST NOT EXHAUSTIVE

13. Global Pet Insurance Market - DataM

  • 13.1. Appendix
  • 13.2. About Us and Services
  • 13.3. Contact Us