Setting

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

Published: 30 Sep 2021 | Report Code: 10248195 | Pages: 99

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.)

 
Table Of Contents:

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
List Of Figures:



Figure 1. Research Method Flow Chart	10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation	13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030	15
Figure 4. North America Pet Insurance Market, 2019-2030, $ mn	17
Figure 5. Impact of COVID-19 on Business	20
Figure 6. Primary Drivers and Impact Factors of North America Pet Insurance Market	22
Figure 7. Average Monthly Cost of Pet Insurance for Dogs and Cats, June 2021	26
Figure 8. Primary Restraints and Impact Factors of North America Pet Insurance Market	28
Figure 9. Investment Opportunity Analysis	32
Figure 10. Porter’s Fiver Forces Analysis of North America Pet Insurance Market	35
Figure 11. Breakdown of North America Pet Insurance Market by Insurance Type, 2019-2030, % of Revenue	40
Figure 12. North America Addressable Market Cap in 2021-2030 by Insurance Type, Value ($ mn) and Share (%)	40
Figure 13. North America Pet Insurance Market: Accident & Illness, 2019-2030, $ mn	41
Figure 14. North America Pet Insurance Market: Accident Only, 2019-2030, $ mn	42
Figure 15. Breakdown of North America Pet Insurance Market by Policy Type, 2019-2030, % of Sales Revenue	44
Figure 16. North America Addressable Market Cap in 2021-2030 by Policy Type, Value ($ mn) and Share (%)	44
Figure 17. North America Pet Insurance Market: Lifetime Coverage, 2019-2030, $ mn	45
Figure 18. North America Pet Insurance Market: Non-Lifetime Coverage, 2019-2030, $ mn	46
Figure 19. Breakdown of North America Pet Insurance Market by Animal Type, 2019-2030, % of Sales Revenue	48
Figure 20. North America Addressable Market Cap in 2021-2030 by Animal Type, Value ($ mn) and Share (%)	48
Figure 21. North America Pet Insurance Market: Dogs, 2019-2030, $ mn	49
Figure 22. Monthly Premium of Pet Insurance for Dogs, June 2021	51
Figure 23. Cost of Five Most Common Conditions for Dogs, June 2021	52
Figure 24. North America Pet Insurance Market: Cats, 2019-2030, $ mn	54
Figure 25. Monthly Premium of Pet Insurance for Cats, June 2021	55
Figure 26. Cost of Five Most Common Conditions for Cats, June 2021	56
Figure 27. North America Pet Insurance Market: Other Animals, 2019-2030, $ mn	58
Figure 28. Breakdown of North America Pet Insurance Market by Provider, 2019-2030, % of Revenue	60
Figure 29. North America Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%)	60
Figure 30. North America Pet Insurance Market: Private Insurance Providers, 2019-2030, $ mn	61
Figure 31. North America Pet Insurance Market: Public Insurance Providers, 2019-2030, $ mn	62
Figure 32. Breakdown of North America Pet Insurance Market by Distribution Channel, 2019-2030, % of Revenue	64
Figure 33. North America Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)	64
Figure 34. North America Pet Insurance Market: Insurance Agency, 2019-2030, $ mn	65
Figure 35. North America Pet Insurance Market: Bancassurance, 2019-2030, $ mn	66
Figure 36. North America Pet Insurance Market: Brokers, 2019-2030, $ mn	67
Figure 37. North America Pet Insurance Market: Direct Sales, 2019-2030, $ mn	68
Figure 38. Breakdown of North America Pet Insurance Market by Country, 2019 and 2030, % of Revenue	70
Figure 39. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)	71
Figure 40. U.S. Pet Insurance Market, 2019-2030, $ mn	73
Figure 41. Canada Pet Insurance Market, 2019-2030, $ mn	77
Figure 42.  Pet Insurance Market in Mexico, 2015-2030F, $ mn	79
Figure 43. Growth Stage of North America Pet Insurance Industry over the Forecast Period	81
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.)