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Pet Insurance Market by Type, Insurance Type, and Geography - Forecast and Analysis - 2023-2027

  • Published: Feb 2023
  • Pages: 164
  • SKU: IRTNTR71603
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Pet Insurance market growth will increase by $19852.9 million during 2023-2027.
The pet insurance market is expected to grow at a CAGR of 31.41% during 2023-2027.
Technavio has segmented the pet insurance market by type (Dogs, Cats, and Others) ,insurance type (Accidents and illness, Accidents only, Others, South America, and MEA) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Agria Pet Insurance Ltd., Allianz SE, Anicom Holdings Inc., Dotsure Ltd., Embrace Pet Insurance Agency LLC, Healthy Paws Pet Insurance LLC, Hollard Insurance Group, Independence Pet Group, Intact Financial Corp., JAB Holding Co. Sarl, Metlife Inc., Nationwide Mutual Insurance Co., NSM Insurance Group, Oneplan, Petofy, Petplan Iberica S.L., Porto Seguro Companhia de Seguros Gerais, The Oriental Insurance Company Ltd., The Progressive Corp., Trupanion Inc. are a few of the key vendors in the pet insurance market.
North America will register the highest growth rate of 60.72% among the other regions. Therefore, the pet insurance market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pet insurance market growth are:
  • Rising pet population
  • Significant adoption of business development strategies among insurance companies
The pet insurance market vendors should focus on grabbing business opportunities from the Dogs segment as it accounted for the largest market share in the base year.
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