Asia Pacific pet insurance market will grow by 16.8% annually with a total addressable market cap of $18.82 billion over 2021-2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 40 tables and 46 figures, this 103-page report “Asia Pacific Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Country.
Based on Insurance Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
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 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 29
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36
3 Segmentation of Asia Pacific Market by Insurance Type 40
3.1 Market Overview by Insurance Type 40
3.2 Accident & Illness 42
3.3 Accident Only 43
4 Segmentation of Asia Pacific Market by Policy Type 44
4.1 Market Overview by Policy Type 44
4.2 Lifetime Coverage 46
4.3 Non-Lifetime Coverage 47
5 Segmentation of Asia Pacific Market by Animal Type 48
5.1 Market Overview by Animal Type 48
5.2 Dogs 50
5.3 Cats 54
5.4 Other Animals 58
6 Segmentation of Asia Pacific 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 Asia Pacific 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 Asia-Pacific Market 2019-2030 by Country 69
8.1 Overview of Asia-Pacific Market 69
8.2 Japan 72
8.3 China 75
8.4 Australia 77
8.5 India 79
8.6 South Korea 81
8.7 Rest of APAC Region 83
9 Competitive Landscape 85
9.1 Overview of Key Vendors 85
9.2 New Product Launch, Partnership, Investment, and M&A 88
9.3 Company Profiles 89
Agria 89
Anicom Holding 91
ASPCA 92
Bow Wow Meow 93
Embrace Pet Insurance Agency, LLC 94
Healthy Paws Pet Insurance 95
Ipet Insurance 96
More Than 97
Nationwide Mutual Insurance Company 98
Petfirst Healthcare LLC 99
Petplan Limited 100
Petsecure Pet Health Insurance 101
Trupanion 102
RELATED REPORTS 103
List of Tables:
Table 1. Snapshot of Asia Pacific Pet Insurance Market in Balanced Perspective, 2019-2030 16
Table 2. Growth Rate of World GDP, 2020-2022 20
Table 3. Cost Associated with Owing Pets 26
Table 4. Five-year Increase in Average Pet Insurance Rates, 2016-2021 28
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Pet Insurance Market 32
Table 6. Asia Pacific Pet Insurance Market by Insurance Type, 2019-2030, $ mn 40
Table 7. Asia Pacific Pet Insurance Market: Accident & Illness by Animal Type, 2019-2030, $ mn 42
Table 8. Asia Pacific Pet Insurance Market: Accident Only by Animal Type, 2019-2030, $ mn 43
Table 9. Asia Pacific Pet Insurance Market by Policy Type, 2019-2030, $ mn 44
Table 10. Asia Pacific Pet Insurance Market by Animal Type, 2019-2030, $ mn 48
Table 11. Asia Pacific Pet Insurance Market: Dogs by Insurance Type, 2019-2030, $ mn 50
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. Asia Pacific 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. Asia Pacific Pet Insurance Market: Other Animals by Insurance Type, 2019-2030, $ mn 58
Table 18. Asia Pacific Pet Insurance Market by Provider, 2019-2030, $ mn 59
Table 19. Asia Pacific Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 63
Table 20. APAC Pet Insurance Market by Country, 2019-2030, $ mn 70
Table 21. Japan Pet Insurance Market by Insurance Type, 2019-2030, $ mn 74
Table 22. Japan Pet Insurance Market by Animal Type, 2019-2030, $ mn 74
Table 23. Japan Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 74
Table 24. China Pet Insurance Market by Insurance Type, 2019-2030, $ mn 76
Table 25. China Pet Insurance Market by Animal Type, 2019-2030, $ mn 76
Table 26. China Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 76
Table 27. Australia Pet Insurance Market by Insurance Type, 2019-2030, $ mn 78
Table 28. Australia Pet Insurance Market by Animal Type, 2019-2030, $ mn 78
Table 29. Australia Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 78
Table 30. India Pet Insurance Market by Insurance Type, 2019-2030, $ mn 80
Table 31. India Pet Insurance Market by Animal Type, 2019-2030, $ mn 80
Table 32. India Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 80
Table 33. South Korea Pet Insurance Market by Insurance Type, 2019-2030, $ mn 82
Table 34. South Korea Pet Insurance Market by Animal Type, 2019-2030, $ mn 82
Table 35. South Korea Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 82
Table 36. Pet Insurance Market in Rest of APAC by Country/Region, 2019-2030, $ mn 84
Table 37. Agria: Company Snapshot 89
Table 38. Agria: Business Segmentation 89
Table 39. Agria: Product Portfolio 90
Table 40. Agria: Revenue, 2018-2020, $ mn 90
