Lucintel Forecasts the Global Pet Insurance Market is expected to grow with a CAGR of 18.0% from 2024 to 2030
Lucintel Forecasts the Global Pet Insurance Market is expected to grow with a CAGR of 18.0% from 2024 to 2030
Blog Article
According to a market report by Lucintel, the future of the global pet insurance market looks promising with opportunities in the agency, broker, direct and bancassurance markets. The global pet insurance market is expected to grow with a CAGR of 18.0% from 2024 to 2030. The major drivers for this market are significantly growing pet pollution, increasing awareness towards pet insurance policies, and surging cost of veterinary care.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in pet insurance market to 2030 by coverage type (accident & illness, accident only, and others), animal type (dogs, cats, and others), sales channel (agency, broker, direct, bancassurance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that accident and illness will remain the largest segment over the forecast period due to increase in the population of companion animals.
Within this market, direct sales will remain the largest segment due to extensive use of direct sales strategies by prominent pet insurance providers.
Download sample by clicking on pet insurance market
Europe will remain the largest region over the forecast period due to growing adoption of pet insurance and presence of major players in the region.
Trupanion, Deutsche Familienversicherung, Petplan, Animal Friends Insurance Services, Figo Pet Insurance, Direct Line, Nationwide Mutual Insurance Company, Embrace Pet Insurance Agency, Anicom Insurance, and Ipet Insurance are the major suppliers in the pet insurance market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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