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USD 12.05 bn growth in Pet Insurance Market from 2021 to 2026 | Evolving Opportunities with Agria Pet Insurance Ltd ., Anicom Holdings Inc. & Dotsure Ltd. | 17000+ Technavio Reports

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The pet insurance market covers the following areas:

Pet Insurance Market – Drivers

Roughly two-thirds of American households have at least one pet, most of which are dogs. the need to own a pet in the US stems from the belief that pets positively contribute to human lives. Other nations, such as China, have come a long way in having pets, which was once considered illegal. Restrictions have now been lifted, resulting in a significant rise in the pet population in China. Brazilian and India are also witnessing a significant increase in their pet populations. Pet insurance providers are therefore taking the growing population of pets worldwide into account to broaden their portfolio and develop pet-specific insurances. Thus, the rising pet population is expected to contribute to the growth of the global pet insurance market in the upcoming years.

Pet Insurance Market – Challenges

the low adoption in developing countries will be a major challenge for the pet insurance market during the forecast period. Several countries have strict regulations on keeping pets in terms of their security and health. For instance, countries like the US and the UK have strict regulations, which owners have to comply with, and the failure of which can lead to serious punishments. But countries, especially in the APAC, such as India, Sri Lanka, China, Indonesiaand Philippines, do not have such strict regulations guiding the safety of pets. This is due to the lack of organizations and authorities to regulate these issues.

Pet Insurance Market – Segmentation

Technavio analyzes the market by segmentation by pet type (dogs, cats, and others) and geography (North America, EuropeAPAC, South America, and MEA). The pet insurance market share growth by the dog segment will be significant during the forecast period. This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned
thepet insurance market es fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

  • Agria Pet Insurance Ltd
  • Anicom Holdings Inc.
  • Dotsure Ltd.
  • Fairfax Financial Holdings Ltd.
  • Hollard Insurance Co. Ltd
  • JAB Holding Co. Sarl
  • Oneplan Underwriting Managers (Pty) Ltd
  • Petplan Iberica SL
  • Porto Seguro Gerais Insurance Company
  • WHITE MOUNTAINS INSURANCE GROUP LTD

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Pet Insurance Market Scope

Report Coverage

Details

page number

120

base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 27.11%

Market growth 2022-2026

$12.05 billion

Market structure

Fragmented

YoY growth (%)

26.15

regional analysis

North America, Europe, APAC, South America, and MEA

performing market contribution

North America at 59%

Key consumer countries

US, China, UK, France, and Germany

competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agria Pet Insurance Ltd, Anicom Holdings Inc., Dotsure Ltd., Fairfax Financial Holdings Ltd., Hollard Insurance Co. Ltd, JAB Holding Co. Sarl, Oneplan Underwriting Managers (Pty) Ltd, Petplan Iberica SL, Porto Seguro Companhia de Seguros Gerais , and WHITE MOUNTAINS INSURANCE GROUP LTD

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

about us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Mayda
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
website: www.technavio.com/

SOURCE Technavio

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