Market Research Reports Global Pet Insurance Market 2018 - 2022

Global Pet Insurance Market Projected to
Surpass US$ 5000 Million by 2022
“Global Pet Insurance Market Report 2018” report provides the
newest industry data and industry future trends, allowing you to
identify the products and end users driving Revenue growth and
profitability. The industry report lists the leading competitors and
provides the insights strategic industry Analysis of the key factors
influencing the market.
Global Pet
Overview:
Insurance
Market
The Pet Insurance industry has also
suffered a certain impact, but still
maintained a relatively optimistic
growth, the past four years, Pet
Insurance market size to maintain the
average annual growth rate of
15.44% from 1300 Million $ in 2014
to 2000 Million $ in 2017, market
research analysts believe that in the
next few years, Pet Insurance market
size will be further expanded, we
expect that by 2022, The market size
of the Pet Insurance will reach 5000 Million $.
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Rise in awareness about Pet Insurance, rise in number of companion animals, and growth in pet
ownership and associated health benefits of pet ownership propels the growth of the market.
However, high cost of pet insurance policies, lack of awareness among consumers, and government
regulation limits the growth of the market. Furthermore, largely untapped market with extremely
low penetration rates is expected to provide numerous opportunities for the pet insurance market.
The Global Pet Insurance Market is segmented on the basis of End User, Policy Type and Region.
End-User segment covered in this study include dog, cat, horse, exotic pet, and others. Based on
Policy Type, the market is classified into Lifetime Cover and Non-Lifetime Cover.