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Global Pet Lifetime Cover Insurance Market Research Report 2024
Synopsis
Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.
The global Pet Lifetime Cover Insurance market was valued at US$ 3169 million in 2023 and is anticipated to reach US$ 4351.1 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.
Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 371%.
This report aims to provide a comprehensive presentation of the global market for Pet Lifetime Cover Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pet Lifetime Cover Insurance.
Report Scope
The Pet Lifetime Cover Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Pet Lifetime Cover Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pet Lifetime Cover Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Petplan UK (Allianz)
Nationwide
Trupanion
Petplan NorthAmerica(Allianz)
Hartville Group
Pethealth
Petfirst
Embrace
Royal & Sun Alliance (RSA)
Direct Line Group
Agria
Petsecure
PetSure
Anicom Holding
ipet Insurance
Japan Animal Club
Segment by Type
Pet Liability Insurance
Pet Medical Insurance
Segment by Application
Dog
Cat
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Pet Lifetime Cover Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.
The global Pet Lifetime Cover Insurance market was valued at US$ 3169 million in 2023 and is anticipated to reach US$ 4351.1 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.
Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 371%.
This report aims to provide a comprehensive presentation of the global market for Pet Lifetime Cover Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pet Lifetime Cover Insurance.
Report Scope
The Pet Lifetime Cover Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Pet Lifetime Cover Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pet Lifetime Cover Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Petplan UK (Allianz)
Nationwide
Trupanion
Petplan NorthAmerica(Allianz)
Hartville Group
Pethealth
Petfirst
Embrace
Royal & Sun Alliance (RSA)
Direct Line Group
Agria
Petsecure
PetSure
Anicom Holding
ipet Insurance
Japan Animal Club
Segment by Type
Pet Liability Insurance
Pet Medical Insurance
Segment by Application
Dog
Cat
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Pet Lifetime Cover Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Pet Lifetime Cover Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Pet Liability Insurance
1.2.3 Pet Medical Insurance
1.3 Market by Application
1.3.1 Global Pet Lifetime Cover Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Dog
1.3.3 Cat
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Pet Lifetime Cover Insurance Market Perspective (2019-2030)
2.2 Pet Lifetime Cover Insurance Growth Trends by Region
2.2.1 Global Pet Lifetime Cover Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Pet Lifetime Cover Insurance Historic Market Size by Region (2019-2024)
2.2.3 Pet Lifetime Cover Insurance Forecasted Market Size by Region (2025-2030)
2.3 Pet Lifetime Cover Insurance Market Dynamics
2.3.1 Pet Lifetime Cover Insurance Industry Trends
2.3.2 Pet Lifetime Cover Insurance Market Drivers
2.3.3 Pet Lifetime Cover Insurance Market Challenges
2.3.4 Pet Lifetime Cover Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Pet Lifetime Cover Insurance Players by Revenue
3.1.1 Global Top Pet Lifetime Cover Insurance Players by Revenue (2019-2024)
3.1.2 Global Pet Lifetime Cover Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Pet Lifetime Cover Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Pet Lifetime Cover Insurance Revenue
3.4 Global Pet Lifetime Cover Insurance Market Concentration Ratio
3.4.1 Global Pet Lifetime Cover Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Pet Lifetime Cover Insurance Revenue in 2023
3.5 Pet Lifetime Cover Insurance Key Players Head office and Area Served
3.6 Key Players Pet Lifetime Cover Insurance Product Solution and Service
3.7 Date of Enter into Pet Lifetime Cover Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Pet Lifetime Cover Insurance Breakdown Data by Type
4.1 Global Pet Lifetime Cover Insurance Historic Market Size by Type (2019-2024)
4.2 Global Pet Lifetime Cover Insurance Forecasted Market Size by Type (2025-2030)
5 Pet Lifetime Cover Insurance Breakdown Data by Application
5.1 Global Pet Lifetime Cover Insurance Historic Market Size by Application (2019-2024)
5.2 Global Pet Lifetime Cover Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Pet Lifetime Cover Insurance Market Size (2019-2030)
6.2 North America Pet Lifetime Cover Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Pet Lifetime Cover Insurance Market Size by Country (2019-2024)
6.4 North America Pet Lifetime Cover Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Pet Lifetime Cover Insurance Market Size (2019-2030)
7.2 Europe Pet Lifetime Cover Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Pet Lifetime Cover Insurance Market Size by Country (2019-2024)
7.4 Europe Pet Lifetime Cover Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Pet Lifetime Cover Insurance Market Size (2019-2030)
8.2 Asia-Pacific Pet Lifetime Cover Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Pet Lifetime Cover Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Pet Lifetime Cover Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Pet Lifetime Cover Insurance Market Size (2019-2030)
9.2 Latin America Pet Lifetime Cover Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Pet Lifetime Cover Insurance Market Size by Country (2019-2024)
9.4 Latin America Pet Lifetime Cover Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Pet Lifetime Cover Insurance Market Size (2019-2030)
10.2 Middle East & Africa Pet Lifetime Cover Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Pet Lifetime Cover Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Pet Lifetime Cover Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Petplan UK (Allianz)
11.1.1 Petplan UK (Allianz) Company Detail
11.1.2 Petplan UK (Allianz) Business Overview
11.1.3 Petplan UK (Allianz) Pet Lifetime Cover Insurance Introduction
11.1.4 Petplan UK (Allianz) Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.1.5 Petplan UK (Allianz) Recent Development
11.2 Nationwide
11.2.1 Nationwide Company Detail
11.2.2 Nationwide Business Overview
11.2.3 Nationwide Pet Lifetime Cover Insurance Introduction
11.2.4 Nationwide Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.2.5 Nationwide Recent Development
11.3 Trupanion
11.3.1 Trupanion Company Detail
11.3.2 Trupanion Business Overview
11.3.3 Trupanion Pet Lifetime Cover Insurance Introduction
11.3.4 Trupanion Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.3.5 Trupanion Recent Development
11.4 Petplan NorthAmerica(Allianz)
11.4.1 Petplan NorthAmerica(Allianz) Company Detail
11.4.2 Petplan NorthAmerica(Allianz) Business Overview
11.4.3 Petplan NorthAmerica(Allianz) Pet Lifetime Cover Insurance Introduction
11.4.4 Petplan NorthAmerica(Allianz) Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.4.5 Petplan NorthAmerica(Allianz) Recent Development
11.5 Hartville Group
11.5.1 Hartville Group Company Detail
11.5.2 Hartville Group Business Overview
11.5.3 Hartville Group Pet Lifetime Cover Insurance Introduction
11.5.4 Hartville Group Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.5.5 Hartville Group Recent Development
11.6 Pethealth
11.6.1 Pethealth Company Detail
11.6.2 Pethealth Business Overview
11.6.3 Pethealth Pet Lifetime Cover Insurance Introduction
11.6.4 Pethealth Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.6.5 Pethealth Recent Development
11.7 Petfirst
11.7.1 Petfirst Company Detail
11.7.2 Petfirst Business Overview
11.7.3 Petfirst Pet Lifetime Cover Insurance Introduction
11.7.4 Petfirst Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.7.5 Petfirst Recent Development
11.8 Embrace
11.8.1 Embrace Company Detail
11.8.2 Embrace Business Overview
11.8.3 Embrace Pet Lifetime Cover Insurance Introduction
11.8.4 Embrace Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.8.5 Embrace Recent Development
11.9 Royal & Sun Alliance (RSA)
11.9.1 Royal & Sun Alliance (RSA) Company Detail
11.9.2 Royal & Sun Alliance (RSA) Business Overview
11.9.3 Royal & Sun Alliance (RSA) Pet Lifetime Cover Insurance Introduction
11.9.4 Royal & Sun Alliance (RSA) Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.9.5 Royal & Sun Alliance (RSA) Recent Development
11.10 Direct Line Group
11.10.1 Direct Line Group Company Detail
11.10.2 Direct Line Group Business Overview
11.10.3 Direct Line Group Pet Lifetime Cover Insurance Introduction
11.10.4 Direct Line Group Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.10.5 Direct Line Group Recent Development
11.11 Agria
11.11.1 Agria Company Detail
11.11.2 Agria Business Overview
11.11.3 Agria Pet Lifetime Cover Insurance Introduction
11.11.4 Agria Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.11.5 Agria Recent Development
11.12 Petsecure
11.12.1 Petsecure Company Detail
11.12.2 Petsecure Business Overview
11.12.3 Petsecure Pet Lifetime Cover Insurance Introduction
11.12.4 Petsecure Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.12.5 Petsecure Recent Development
11.13 PetSure
11.13.1 PetSure Company Detail
11.13.2 PetSure Business Overview
11.13.3 PetSure Pet Lifetime Cover Insurance Introduction
11.13.4 PetSure Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.13.5 PetSure Recent Development
11.14 Anicom Holding
11.14.1 Anicom Holding Company Detail
11.14.2 Anicom Holding Business Overview
11.14.3 Anicom Holding Pet Lifetime Cover Insurance Introduction
11.14.4 Anicom Holding Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.14.5 Anicom Holding Recent Development
11.15 ipet Insurance
11.15.1 ipet Insurance Company Detail
11.15.2 ipet Insurance Business Overview
11.15.3 ipet Insurance Pet Lifetime Cover Insurance Introduction
11.15.4 ipet Insurance Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.15.5 ipet Insurance Recent Development
11.16 Japan Animal Club
11.16.1 Japan Animal Club Company Detail
11.16.2 Japan Animal Club Business Overview
11.16.3 Japan Animal Club Pet Lifetime Cover Insurance Introduction
11.16.4 Japan Animal Club Revenue in Pet Lifetime Cover Insurance Business (2019-2024)
11.16.5 Japan Animal Club Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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