Pet Insurance industry, expected gain considerable market share by 2023: AMR

The pet owners are worried about the health of their pets, amid Covid-19.Due to this pandemic, many animal shelters are feeling the pressure.

Online PR News – 03-June-2020 – Pune, Maharashtra – The adoption rate has decreased and the probability of increased surrenders due to fear of getting infected. In this scenario, Pet insurance market holds great potential to grow in the future.
According to a new report published by Allied Market Research, titled, " Pet Insurance Market by End User (Dog, Cat, Horse, Exotic Pet, and Others) and Policy Type (Lifetime Cover and Non-Lifetime Cover) - Opportunity and Forecast, 2017-2023." The report has offered an all-inclusive analysis of the global Pet insurance market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The report presents in-depth insights into each of the leading pet insurance end user verticals along with annual forecasts to 2023. The report provides revenue forecast with sales, and sales growth rate of the global pet insurance market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Top 10 leading companies in the global pet insurance market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and their products and services. The key players operating in the global pet insurance industry include Petplan Limited, Trupanion, Inc, Nationwide Mutual Insurance Company, Hartville Group Inc, Pethealth Inc, PetFirst Healthcare LLC, Royal & Sun Alliance Insurance Company of Canada, Inc, Embrace Pet Insurance Agency, LLC, Direct Line Insurance Group plc, Petsecure.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

Key Benefits
• The report provides a qualitative and quantitative analysis of the current pet insurance market trends, forecasts, and market size from 2016 to 2023 to determine the prevailing opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the pet insurance industry.
Highlights of the Report
Competitive landscape of the pet insurance Market.
Revenue generated by each segment of the pet insurance market by 2023.
Factors expected to drive and create new opportunities in the pet insurance industry.
Strategies to gain sustainable growth of the market.
Region that would create lucrative business opportunities during the forecast period.
Top impacting factors of the pet insurance market.


About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.