The global pet insurance market will reach $26.4 billion by 2030.

The Global Pet Insurance Market Will Reach $26.4 Billion By 2030.

DUBLIN, April 11, 2023 (GLOBE NEWSWIRE) — The “Pet Insurance Market by Policy, Animal, Provider, and Geography – Size, Share, Outlook and Opportunity Analysis, 2023 – 2030”. Report added. ResearchAndMarkets.com’s Providing.

This report provides an in-depth analysis of the global pet insurance market, and provides market size (US$ million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030) with 2022 as the base year.

Company profiles

  • Medibank Limited Liability
  • petplan
  • Oneplan insurance
  • Dotsure.co.za (Hollard)
  • Healthy Paws Pet Insurance LLC
  • Figo Pet Insurance LLC
  • Hug Pet Insurance Agency LLC
  • Anicom Holdings Inc.
  • Oriental Insurance Company Ltd.
  • MetLife Services and Solutions LLC (PetFirst Healthcare LLC)
  • Crum & Forster Pet Insurance Group (Hartville Pet Insurance Group)

Pet insurance is a type of insurance that pet owners often overlook. It is a pet health care policy that provides reimbursement for specific medical expenses covered by the policy. Pet insurance is a type of insurance that pays for part or all of an insured’s sick or injured pet.

Market volatility:

Increasing number of pets, increasing adoption of pet insurance, increasing awareness of pet insurance, increasing prevalence of several diseases among pets, increasing awareness of pet health and improving pet healthcare infrastructure are the major factors expected to boost the growth of global pets. Insurance market.

For example, in April 2021, PTZ Insurance Agency Ltd. and Home Again have partnered to provide pet health insurance to pet parents under the Pets Plus Us brand. A natural fit, the partnership leverages the strengths of both organizations, and their shared vision of responsible pet ownership and animal welfare focused on the health and well-being of pets.

Key Features of the Study:-

  • It explains potential revenue opportunities in various segments and elaborates attractive investment proposition matrices for this market.
  • This study provides key insights into market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook and competitive strategies adopted by key players.
  • It describes key players in the global pet insurance market based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies.
  • Insights gained from this report will enable marketers and the management authorities of the companies to make informed decisions regarding their future product launch, level improvement, market expansion and marketing strategies.
  • The Global Pet Insurance Market report provides various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would be facilitated in their decision-making by various strategies used to analyze the global pet insurance market.

Key Features:

Report behaviorDetails
Number of pages148
Forecast time2022 – 2030
Estimated market value in 2022 (USD)8324.3 million dollars
Projected Market Value in 2030 (USD)26439.7 million dollars
Compound annual growth rate15.5%
Covered regionsInternational

Detailed Section:

Global pet insurance market, by policy:

  • Diseases and accidents
  • Chronic conditions
  • Other instructions

Global pet insurance market, by animals,

Global Pet Insurance Market, by Provider:

Global Pet Insurance Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • south america

For more information about this report, visit https://www.researchandmarkets.com/r/lwq7sr

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