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Pulished Date August, 2019
ID: 7908
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Asia Pacific Pet Insurance Market Research Report - By Policy Type, By Policy, By Country (India, China, Japan, Australia, New Zealand, ASEAN Countries and Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends & Forecast | 2019 - 2024

Pulished: August, 2019
ID: 7908
Pages: 145

The Asia Pacific Pet Insurance market size was valued at USD 710 million in 2018. It is expected to grow at a robust CAGR of 14.6% to reach USD 1.4 billion by 2024.

The increasing animal population, changing demographic structure, changing socioeconomic conditions, and the development of the concept of humanism in the development of the Asia-Pacific Pet Insurance market has driven market growth.

The number of pets has increased significantly in recent years and the number is expected to increase during the forecast period due to various medical benefits and also pet owners are concern about health benefits. These all factors are fueling the demand of the APAC Pet Insurance Market.

The high cost of pet insurance is expected to hinder the growth of the Asia-Pacific Pet Insurance market.

Asia-Pacific Pet Insurance market is expected to grow CAGR of 14.20% by the end of the year 2024. The growing demand for pet insurance to limit out-of-pocket costs for major medical conditions such as cancer and accident injuries is expected to support growth soon and also create opportunities in the Asia-Pacific Pet Insurance market.

The very low penetration and untapped markets are expected to offer many opportunities for the pet insurance market. The rise in companion animal population would increase the demand for veterinary healthcare facilities are also to create growth opportunities in the Asia-Pacific Pet Insurance market.

The poor understanding of insurance policies that do not provide the necessary information and cover only basic information is the main consuming challenge in the Asia-Pacific Pet Insurance market.

The Pet Insurance Market Is Categorised On The Basis Of Policy, Policy Type, And Region.

The policy segment of the market is categorised into

  • Cat Insurance
  • Dog Insurance
  • Horse Insurance
  • Rabbit Insurance
  • Exotic Pet Insurance
  • Others

On the basis of policy type, the market is categorised into

  • Lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Non-lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Others

On the basis of region, the market is segmented into

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand
  • ASEAN countries (Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and others)
  • Rest of APAC)

On the basis of region, the pet insurance market in the Asia Pacific is analysed under the countries of India, China, Japan, South Korea, Singapore, Australia, and the Rest of Asia Pacific. The pet insurance market in Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing awareness about pet insurance policies in the region, combined with the growth in the number of companion animals due to increased necessity for companion animals for mental wellbeing and as well as a status symbol in the developing economies such as India and China.

The relatively untapped market in this region provides a substantial opportunity for market growth as there is growing demand for pet insurance providers due to increases in disposable incomes and willingness to spend on pet care.

Companies dominating the APAC Pet Insurance Market profiled in this report are:

  1. Petplan Pet Insurance
  2. Embrace Pet Insurance Agency
  3. Royal & Sun Alliance (RSA)
  4. Pethealth Inc.
  5. Agria Pet Insurance
  6. Petfirst Healthcare
  7. Nationwide Pet Insurance
  8. PetSure Pty Ltd.
  9. Petsecure Pet Health Insurance
  10. Hartville Group

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Policy                            

                                5.1.1 Introduction           

                                5.1.2 Dog Insurace          

                                5.1.3 Cat Insurance         

                                5.1.4 Rabbit Insurance  

                                5.1.5 Horse Insurance   

                                5.1.6 Exotic Pet Insurance           

                                5.1.7 Others      

                                5.1.8  Y-o-Y Growth Analysis, By Policy   

                                5.1.9  Market Attractiveness Analysis, By Policy 

                                5.1.10 Market Share Analysis, By Policy 

                5.2 Policy Type                 

                                5.2.1 Introduction           

                                5.2.2 Lifetime Cover       

                                                5.2.2.1 Accident Cover

                                                5.2.2.2 Illness Cover

                                5.2.3 Non-lifetime Cover             

                                                5.2.3.1 Accident Cover

                                                5.2.3.2 Illness Cover

                                5.2.4 Others      

                                5.2.5 Y-o-Y Growth Analysis, By Policy Type         

                                5.2.6 Market Attractiveness Analysis, By Policy Type       

                                5.2.7 Market Share Analysis, By Policy Type        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Policy

                                                6.1.3.3 By Policy Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Policy

                                                6.1.4.3 By Policy Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Policy

                                                6.1.5.3 By Policy Type

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Petplan Pet Insurance                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Embrace Pet Insurance Agency                         

                8.3 Royal & Sun Alliance (RSA)                   

                8.4 Pethealth Inc.                            

                8.5 Agria Pet Insurance                 

                8.6 Petfirst Healthcare                  

                8.7 Nationwide Pet Insurance                   

                8.8 PetSure Pty Ltd.                       

                8.9 Petsecure Pet Health Insurance                        

                8.10 Hartville Group                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Policy Type, by  Non-Lifetime Cover along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Asia Pacific Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  2. Asia Pacific Cat Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  3. Asia Pacific Dog Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  4. Asia Pacific Horse Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  5. Asia Pacific Rabbit Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  6. Asia Pacific Exotic Pet Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  7. Asia Pacific Others Market By Region, From 2019 - 2024 ( USD Billion )
  8. Asia Pacific Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  9. Asia Pacific Lifetime Cover Market By Region, From 2019 - 2024 ( USD Billion )
  10. Asia Pacific Non-lifetime Cover Market By Region, From 2019 - 2024 ( USD Billion )
  11. Asia Pacific Others Market By Region, From 2019 - 2024 ( USD Billion )
  12. Japan Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  13. Japan Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  14. China Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  15. China Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  16. India Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  17. India Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  18. Singapore Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  19. Singapore Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  20. Australia Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  21. Australia Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  22. South Korea Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  23. South Korea Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )

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