North America pet insurance market is expected to grow by 11.1% annually in the forecast period and reach $6,984.2 million by 2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 36 tables and 43 figures, this 99-page report “North America Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Country.
Based on Insurance Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Accident & Illness
o Dogs
o Cats
o Other Pets
• Accident Only
o Dogs
o Cats
o Other Pets
Based on Policy Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Lifetime Coverage
• Non-Lifetime Coverage
Based on Animal Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Dogs
o Accident & Illness
o Accident Only
• Cats
o Accident & Illness
o Accident Only
• Other Animals
o Accident & Illness
o Accident Only
Based on Provider, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Private Insurance Providers
• Public Insurance Providers
Based on Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Insurance Agency
• Bancassurance
• Brokers
• Direct Sales
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Insurance Type, Animal Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Agria
Anicom Holding
ASPCA
Bow Wow Meow
Embrace Pet Insurance Agency, LLC
Healthy Paws Pet Insurance
Ipet Insurance
More Than
Nationwide Mutual Insurance Company
Petfirst Healthcare LLC
Petplan Limited
Petsecure Pet Health Insurance
Trupanion
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of North America Market by Insurance Type 39
3.1 Market Overview by Insurance Type 39
3.2 Accident & Illness 41
3.3 Accident Only 42
4 Segmentation of North America Market by Policy Type 43
4.1 Market Overview by Policy Type 43
4.2 Lifetime Coverage 45
4.3 Non-Lifetime Coverage 46
5 Segmentation of North America Market by Animal Type 47
5.1 Market Overview by Animal Type 47
5.2 Dogs 49
5.3 Cats 54
5.4 Other Animals 58
6 Segmentation of North America Market by Provider 59
6.1 Market Overview by Provider 59
6.2 Private Insurance Providers 61
6.3 Public Insurance Providers 62
7 Segmentation of North America Market by Distribution Channel 63
7.1 Market Overview by Distribution Channel 63
7.2 Insurance Agency 65
7.3 Bancassurance 66
7.4 Brokers 67
7.5 Direct Sales 68
8 North America Market 2019-2030 by Country 69
8.1 Overview of North America Market 69
8.2 U.S. 72
8.3 Canada 77
8.4 Mexico 79
9 Competitive Landscape 81
9.1 Overview of Key Vendors 81
9.2 New Product Launch, Partnership, Investment, and M&A 84
9.3 Company Profiles 85
Agria 85
Anicom Holding 87
ASPCA 88
Bow Wow Meow 89
Embrace Pet Insurance Agency, LLC 90
Healthy Paws Pet Insurance 91
Ipet Insurance 92
More Than 93
Nationwide Mutual Insurance Company 94
Petfirst Healthcare LLC 95
Petplan Limited 96
Petsecure Pet Health Insurance 97
Trupanion 98
RELATED REPORTS 99
List of Tables:
Table 1. Snapshot of North America Pet Insurance Market in Balanced Perspective, 2019-2030 16
Table 2. Growth Rate of World GDP, 2020-2022 19
Table 3. Cost Associated with Owing Pets 25
Table 4. Five-year Increase in Average Pet Insurance Rates, 2016-2021 27
Table 5. Main Product Trends and Market Opportunities in North America Pet Insurance Market 31
Table 6. North America Pet Insurance Market by Insurance Type, 2019-2030, $ mn 39
Table 7. North America Pet Insurance Market: Accident & Illness by Animal Type, 2019-2030, $ mn 41
Table 8. North America Pet Insurance Market: Accident Only by Animal Type, 2019-2030, $ mn 42
Table 9. North America Pet Insurance Market by Policy Type, 2019-2030, $ mn 43
Table 10. North America Pet Insurance Market by Animal Type, 2019-2030, $ mn 47
Table 11. North America Pet Insurance Market: Dogs by Insurance Type, 2019-2030, $ mn 49
Table 12. Monthly Premium of Dog Insurance by Breed, June 2021 51
Table 13. Average Cost of Common Treatments for Dogs, June 2021 53
Table 14. North America Pet Insurance Market: Cats by Insurance Type, 2019-2030, $ mn 54
Table 15. Monthly Premium of Cat Insurance by Breed, June 2021 55
Table 16. Average Cost of Common Treatments for Cats, June 2021 57
Table 17. North America Pet Insurance Market: Other Animals by Insurance Type, 2019-2030, $ mn 58
Table 18. North America Pet Insurance Market by Provider, 2019-2030, $ mn 59
Table 19. North America Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 63
Table 20. North America Pet Insurance Market by Country, 2019-2030, $ mn 70
Table 21. U.S. Pet Insurance Market by Insurance Type, 2019-2030, $ mn 74
Table 22. U.S. Pet Insurance Market by Animal Type, 2019-2030, $ mn 74
Table 23. U.S. Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 74
Table 24. Number of U.S. Households That Own a Pet by Type of Animal, 2019-2020, million 75
Table 25. Total Number of Pets Owned in U.S. by Type of Animal, 2017-2018, million 76
Table 26. Total U.S. Pet Industry Expenditures, 2010-2019, $ billion 76
Table 27. Canada Pet Insurance Market by Insurance Type, 2019-2030, $ mn 78
Table 28. Canada Pet Insurance Market by Animal Type, 2019-2030, $ mn 78
Table 29. Canada Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 78
Table 30. Mexico Pet Insurance Market by Insurance Type, 2019-2030, $ mn 80
Table 31. Mexico Pet Insurance Market by Animal Type, 2019-2030, $ mn 80
Table 32. Mexico Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 80
Table 33. Agria: Company Snapshot 85
Table 34. Agria: Business Segmentation 85
Table 35. Agria: Product Portfolio 86
Table 36. Agria: Revenue, 2018-2020, $ mn 86
