#COVID-19 Impacts On Germany Pet Insurance Market
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Germany Pet Insurance Market Growth Attributable To Increasing Prevalence Of Acute And Chronic Pet Health Diseases
The Germany pet insurance market size is anticipated to reach USD 2.65 billion by 2030, according to a new report by Grand View Research, Inc. The regional market is expected to expand at a CAGR of 14.6% from 2022 to 2030. The market growth is attributable to the increasing prevalence of acute and chronic pet health diseases, the rising humanization of pets, and supportive government regulations. For example, liability insurance is compulsory for certain dangerous dog breeds in the states of Saarland, Bremen, Hessen, Nordrhein-Westfalen, and Baden-Wurttemberg.
The COVID-19 outbreak catalyzed the market with a surge in pet adoption and pet health concerns. Wertgarantie Group, the parent company of Agila, reported an exponential rise in the purchase of dogs and cats in Germany in 2020, amid the pandemic. This positively affected the company’s pet health insurance business with about 340,000 new contracts. However, this number contrasted the 475,000 veterinary bills processed during the period for the benefit of customers.
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As pet owners are becoming increasingly concerned about their pet’s health and wellbeing, the demand for pet insurance is expected to increase over time, due to high costs of treatment and surgery, awareness about pet health & diseases, and pet humanization. In addition, changing customer requirements, digitalization in the banking & insurance sectors, and the adoption of veterinary telehealth is estimated to fuel the market growth.
Intuitive pet insurance plans, quick checkouts, and offering online management of pet plans are some of the common features offered by fully digital insurance companies or Insurtech companies in the country. These trends are expected to continue during the forecast period. As per a 2018 survey by YouGov, the majority of Germans (around 52%) indicated a preference for managing their insurance contracts via online banking. The COVID-19 pandemic has further increased this preference.
Market players are involved in providing affordable and tailored insurance products to suit the needs and budgets of pet parents. These include monthly or annual plans, plans based on coverage type, and sold through various sales channels. Barmenia Insurance, for instance, offers horse surgery insurance that provides coverage from colic protection to premium surgery costs.
The company’s dog and cat health insurance plans come in 4 variants, wherein all plans cover operations, including partial anesthesia or local anesthesia with no annual maximum. Service additions to enhance product value is another unique selling point observed in the German pet insurance market. DFV Deutsche Familienversicherung AG, for example, partnered with FirstVet to offer veterinary telemedicine services to its animal health policyholders, thus expanding its offerings.
#Germany Pet Insurance Market Size & Share#Germany Pet Insurance Market Latest Trends#Germany Pet Insurance Market Growth Forecast#COVID-19 Impacts On Germany Pet Insurance Market#Germany Pet Insurance Market Revenue Value
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Global Metal Casing Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2024
Latest added Global Metal Casing Market research study by Archive Market Research offers detailed outlook and elaborates market review till 2030. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Amazon Web Services, Inc. (Washington, United States),Google LLC (California, United States),IBM Corporation (New York, United States),Microsoft Corporation (Washington, United States),SAP SE (Germany),Yellow Messenger (Karnataka, India),Labiba for Artificial Intelligence LLC (Dubai, United Arab Emirates),Gupshup (Maharashtra, India),SmartBots (Texas, United States),Aivo (Córdoba, Spain),Aifa.AI (Sydney, Australia),Dogtown Media. (California, United States),Peerbits. (Gujarat, India),Master of Code Global. (California, United States),Peltarion (Stockholm, Sweden),Verloop (Karnataka, India),Crisp IM SARL (France),LiveChat, Inc. (Massachusetts, United States),ManyChat, Inc. (San Francisco, United States),Chatfuel (San Francisco, United States),PandoraBots (California, United States),Botscrew (London, UK) etc. Click for Free Sample Report + All Related Graphs & Charts https://archivemarketresearch.com/report/pet-snacks-and-treats-market-7/sample-report The Global Metal Casing Market size was valued at USD 33.27 billion in 2023 and is projected to reach USD 41.48 billion by 2032, exhibiting a CAGR of 3.2 % during the forecasts period. The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth. The Global Global Metal Casing segments and Market Data Break Down are illuminated below: {"Component: Platform/Software Development Kit and Services","Deployment: Cloud and On-premises","Application: Website, Contact Centers, Social Media and Mobile Application","Industry: Banking, Financial Services and Insurance (BFSI"}
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The Growing Field of Animal Ultrasound: A Game Changer in Veterinary Medicine
The global animal ultrasound market size reached USD 286.2 Million in 2020 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to latest analysis by Emergen Research. Increasing number of companion animals and rising demand for pet insurance are some key factors projected to support market revenue growth between 2021 and 2028.
In addition, increasing number of veterinary doctors in developed and developing countries is expected to boost revenue growth of the market going ahead.Increasing number of veterinarians has also resultedin increasingnumberof new treatment facilities, which is expected to boost demand for various treatmentequipment for animals, including animal ultrasound devices.In addition, veterinarians' incomes in developed countries have significantly risen in recent years, and this is strengthening their purchasing power, which is expected to boostadoption of animalultrasound devices in private clinics.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Ultrasound market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., DRAMIÑSKI S.A., and Hallmarq Veterinary Imaging Limited
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Emergen Research has segmented the global Animal Ultrasound market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Animal Type Outlook (Revenue, USD Million; 2018–2028)
Large Animals
Small Companion Animals
Imaging Type Outlook (Revenue, USD Million; 2018–2028)
Doppler Imaging
2D Ultrasound Imaging
3D & 4D Ultrasound Imaging
Scanner Type Outlook (Revenue, USD Million; 2018–2028)
Handheld Ultrasound Scanners
Cart-based Ultrasound Scanners
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Animal Ultrasound Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Animal Ultrasound Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Cyber Insurance Market 2026: Expeditious Growth Expected in Coming Years | Allied Marker Research
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Cyber Insurance Market 2026: Expeditious Growth Expected in Coming Years | Allied Marker Research
Cyber Insurance Market
PORTLAND, OREGAON, UNITED STATES, November 10, 2022 /EINPresswire.com/ — Allied Market Research published a report, “Cyber Insurance Market by Company Size (Large Companies and Small & Medium-sized Companies) and Industry Vertical (BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Manufacturing, Government & Public Sector, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”.
The global cyber insurance market size was valued at $4,852.19 million in 2018 and is projected to reach $28,602.10 million by 2026, growing at a CAGR of 24.9% from 2019 to 2026.
As per the latest report, Over the next few years, the market will witness a major spike in CAGR. Technological innovations and increased disposable income would contribute significantly to market growth. The report offers a comprehensive study of major market players, key trends, and driving factors.
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The global Cyber Insurance Market market report includes detailed information regarding driving factors and opportunities that propel the market growth. Moreover, the report involves an analysis of challenges and restraining factors, which helps market entrants understand pitfalls in the industry. Technological advancements and a surge in demand are the prime reasons behind the market growth. The untapped potential in developing countries would open new opportunities in the coming years.
The market growth is analyzed using several strategic tools and methods. The SWOT analysis and Porter’s Five analysis are offered in the report. These tools offer a detailed analysis of major determinants of market growth and are essential for leveraging lucrative opportunities in the market.
The Report will help the Leaders: • Figure out the market dynamics altogether • Inspect and scrutinize the competitive scenario and the future market landscape with the help of different strictures including Porter’s five forces • Understand the impact of different government regulations throughout the global health crisis and evaluate the global & Asia-Pacific radar market condition in the tough time • Consider the portfolios of the protruding players functional in the market in consort with the thorough study of their products/services • Have a compact idea of the highest revenue-generating segment
The global Cyber Insurance Market market report provides detailed segmentation of the market.
Key Segmentation
By Company Size
• Large Companies • Small & Medium-sized Companies
By Industry Vertical • BFSI • IT & Telecom • Retail & E-commerce • Healthcare • Manufacturing • Government & Public Sector • Others
By Region • North America • Europe • Asia-Pacific • LAMEA
The report includes a comprehensive analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period along with charts and tables.
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The Covid-19 pandemic had a significant impact on the growth of the global Cyber Insurance Market market. The prolonged lockdown across several countries and restrictions on import-expert disrupted the supply chain. Moreover, the lack of workforce and increased prices of raw materials affected the market.
The global Cyber Insurance Market industry is analyzed based on the region along with the competitive landscape in each region. The regions included in the report are 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). These insights aid to formulate business strategies and open lucrative opportunities.
The global Cyber Insurance Market market report includes a detailed analysis of the top 10 market players active in the global market. The study includes sales, production, and revenue analysis. The prime market players are Allianz, American International Group, Inc., Aon plc, AXA, Berkshire Hathway Inc, Lloyd’s of London Ltd, Lockton Companies, Inc, Munich Re, The Chubb Corporation, Zurich. These market players have adopted several business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain their market presence in the market. The market report includes statistics, tables, and charts to offer a detailed study of the Cyber Insurance Market industry.
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Pet Insurance Market 2022 Major Factors That Can Increase the Worldwide Demand
The research report examines the Pet Insurance industry’s present state, as well as trends, expansions, market share, industry growth, and cost structure. This study offers detailed industry forecasts, high-growth-potential applications, technological perspectives, and another key Pet Insurance market indicators to assist you in making informed market management decisions. Customers will seek future growth patterns, creative approaches, and company revenue success in the global consumer survey. The research also includes precise demand forecasts for both regional and global Pet Insurance markets. In addition, market trends such as overall market size, industry dynamics, client use cases, and industry size by region are examined in this study. Quantitative marketability statistics, forecast analysis, and historical data are all included in this study.
The Global Pet Insurance Market Size is Projected to Reach a CAGR of 16.7% during 2022-2027.
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Top Leading Companies:
Petplan UK (Allianz), Nationwide, Trupanion, Petplan NorthAmerica(Allianz), Hartville Group, Pethealth, Petfirst, Embrace, Royal & Sun Alliance (RSA), Direct Line Group, Agria, Petsecure, PetSure, Anicom Holding, ipet Insurance, Japan Animal Club
This research report gives a quantitative and qualitative analysis of the global market for Pet Insurance’ allowing successful strategies to be developed to increase market growth and competitiveness. It’s looked at from both a primary and secondary standpoint, as well as important players in the room and sales estimates for the future Pet Insurance market.
Different product types include:
Lifetime Cover
Non-lifetime Cover
Accident-only
Other
Global Pet Insurance business has Several end-user applications such as:
Dog
Cat
Other
For the forecast period, the global Pet Insurance market report includes an in-depth analysis of revenue and current trends. The study identifies several possibilities as well as market trends and obstacles. The report contains industry characteristics, such as primary drivers, opportunities, constraints, and dangers, which are utilized to illustrate the impact of Pet Insurance market expansion.
Regional Pet Insurance Market (Regional Output, Demand & Forecast by Countries)
-North America (United States, Canada, Mexico)
-South America (Brazil, Argentina, Ecuador, Chile)
-Asia Pacific (China, Japan, India, Korea)
-Europe (Germany, UK, France, Italy)
-Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
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Key Reasons to Purchase this Pet Insurance Market Report:
The study covers everything from Pet Insurance market worth to profit forecasts to market statistics, as well as the ongoing COVID-19 epidemic of growing competitive situations and manufacturers’ market approaches.
In this Pet Insurance market research devoted exclusively to selecting big suppliers, our analysts present a comprehensive examination of all of the main organizations’ financial statements, output capacity, and SWOT analysis.
The competitive environment part also includes a look at the leading suppliers’ key growth plans, retail revenues, and global Pet Insurance market ranking.
Key Points Covered in the Pet Insurance Market Report:
This research looks at sales and revenue in the past and in the future. Understanding the different divisions helps you to value a variety of factors that drive overall Pet Insurance market growth.
This research also looks at significant trends in the global market for Pet Insurance’ The study digs into the several elements that impact the growth of the global Account-Based Advertising Software industry.
Aside from the acceptance rate, the global Pet Insurance industry study depicts the whole amount of technological advancement made in recent years.
The company’s global sales generation is calculated and forecasted using top-down and bottom-up approaches.
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Companion Animal Diagnostics Market by Product [Consumables (Leukemia, Heartworm, Influenza), System, Software], Technology [ELISA, PCR, Hematology, Urinalysis], Animal Type [Canine, Feline], End User (Point of Care, Hospital) - Global Forecast to 2029
The Companion Animal Diagnostics Market is expected to grow at a CAGR of 9.8% from 2022 to 2029 to reach $4.19 billion by 2029. The growth of the global companion animal diagnostics market is mainly attributed to the rising prevalence of diseases in companion animals, increasing animal health expenditure & pet insurance in developed countries, and technological advancements in veterinary diagnostics. Moreover, emerging countries provide increasing growth opportunities for players operating in the companion animal diagnostics market. On the other hand, increasing pet care costs hinder the growth of this market to a certain extent.
Impact of COVID-19 on the Companion Animal Diagnostics Market
Many animal species have proven to be susceptible to infection with SARS-CoV-2. Thus, to better understand its epidemiological significance in animal health, biodiversity, and human health, there has been a surge in the research to develop diagnostic products for companion animals. Also, with regards to some of the cases found in animals, CDC, USDA, and state public health and animal health officials in several countries are working to conduct active surveillance of SARS-CoV-2 in pets, including cats, dogs, and other small mammals, that had contact with a person with COVID-19. SARS-CoV-2 infections have been reported in a small number of animals worldwide, mostly in animals that had close contact with a sick person with COVID-19. A few of the examples of pet cats and dogs that have been reported to be infected with the virus in several countries, including the U.S., are as follows:
In June 2020, the United States Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) announced the first confirmed case of SARS-CoV-2 (the virus that causes COVID-19) infection in a pet dog (German shepherd) in New York.
In April 2020, the U.S. Centers for Disease Control and Prevention (CDC) and the United States Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) announced confirmed cases of SARS-CoV-2 (the virus that causes COVID-19) infection in two pet cats.
The research on SARS-Cov-2 in animals is limited, but several studies are underway to learn more about coronavirus infection. This led to the development of various assays and kits. For instance, in April 2020, IDEXX Laboratories, Inc. (U.S.) launched the IDEXX SARS-CoV-2 (COVID-19) RealPCR Test for pets in response to the growing evidence in rare cases, pets living with COVID-19 positive humans can be at risk for SARS-CoV-2 infection.
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Emerging Markets to Offer Significant Growth Opportunities for Players Operating in the Companion Animal Diagnostics Market
Emerging countries in the Asia-Pacific region offer high growth opportunities for companion animal diagnostic manufacturers, owing to the rising incidence of various zoonotic diseases, rising awareness about animal health, and increasing income levels.
Also, governments across developing countries are undertaking several campaigns and schemes for combating disease outbreaks in animals. For instance, in August 2019, Boehringer Ingelheim International GmbH (Germany), a world-leading animal health company, opened its Boehringer Ingelheim Health Management Centre (HMC) in China to integrate animal disease and health diagnostics and monitor tools to maintain and enhance animal health. In addition, in August 2018, Shandong University approved a proposal to create an Eco health/One Health Institute in China, which comprises Chinese and international professionals who work in varied veterinary and environmental health disciplines. The aim of creating an Eco health/One Health Institute is to tackle major and complex animal health concerns in China.
Increasing Pet Care Costs in the U.S. Hinder the Market Growth
The American Pet Products Association reports that about two-thirds of U.S. households own pets, increasing spending on pets, including veterinary care. According to the American Pet Products Association (APPA), total pet industry expenditures reached USD 103.6 billion in 2020 from USD 90.5 billion in 2018.
Of the four major spending categories—pet food and treats, supplies, live animals and over-the-counter (OTC) medicine, veterinary care, product sales, and other services—pet food and treats continue to lead. In 2020, the country recorded total spending of USD 42.0 billion on pet food, USD 22.1 billion on supplies/OTC medicine, USD 31.4 billion on vet care, and USD 8.1 billion on pet services like grooming and boarding. Medical cost is the most expensive aspect of owning a pet. Dogs need vaccinations, flea treatments, heartworm medications, and ear & dental care. These include vaccinations for kennel cough, canine distemper, canine hepatitis, canine parainfluenza, coronavirus, heartworms, leptospirosis, Lyme disease, parvovirus, and rabies. These vaccinations cost anywhere between USD 60 and USD 70 on average, with the rabies vaccine costing an additional USD 15 to USD 20.
Thus, the pet care cost has increased in recent years, due to which pet owners refrain from visiting veterinarians regularly. The less frequent visits to veterinary clinics may hamper the growth of the companion animal diagnostics market in the near future
Key Findings of the Global Companion Animal Diagnostics Market Study:
In 2022, the immunodiagnostics segment is expected to dominate the companion animal diagnostics market
The growth of the immunodiagnostics segment is attributed to the growing adoption of diagnostic products based on immunodiagnostic technology and the development of advanced diagnostic immunoassay tests. Further, a higher preference for immunodiagnostics tests by veterinary practitioners owing to its high accuracy standards, increasing usage of miniaturized devices, and rising trend of automation in immunoassay instruments are contributing to the largest share of the segment.
The consumables segment is projected to register the highest CAGR during the forecast period
The commercial availability of a diverse range of reagents and consumables for various diseases and animal health screening, growing awareness regarding regular animal health check-ups leading to its frequent use of consumables, and the emergence of various POC tests and assays are the key factors contributing to the growing demand for consumables.
Point-of-care testing is projected to register the fastest growth during the forecast period
The factors propelling the growth of the segment include the availability of a comprehensive test menu, improvised results with immediate care, reduction in time-dependent changes, improving patient results with immediate care, and shifting trend towards opting for POC testing.
Asia-Pacific: Fastest Growing Market
At regional level, North America is expected to dominate the companion animal diagnostics market in 2022, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The factors driving the growth of the Asia-Pacific companion animal diagnostics market are the rising incidence of various zoonotic diseases, rising awareness about animal health, and increasing income levels.
Key Players
The report includes a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments in leading industry market players over the past four years. The key players profiled in the global companion animal diagnostics market are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Heska Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux S.A. (France), INDICAL BIOSCIENCE GmbH (Germany), Agrolabo SpA (Italy), Neogen Corporation (U.S.), and IDvet (France).
Scope of the Report:
Companion Animal Diagnostics Market, by Product
Consumables
Heartworm Diseases
Leukemia
Influenza
Other Diseases (Other diseases include Anemia, Immunodeficiency, Leptospirosis, Giardia, Canine parvovirus, Lyme disease, Rabies, and COVID-19)
Systems/Instruments
Software
Companion Animal Diagnostics Market, by Technology
Immunodiagnostics
ELISA
Lateral Flow Assays
Other Immunodiagnostic Technologies (Other hemagglutination inhibition and agar gel immunodiffusion tests)
Clinical Biochemistry
Molecular Diagnostics
Clinical Chemistry Analysis
Blood Gas & Electrolyte Analysis
Blood Glucose Monitoring
PCR
Other Molecular Diagnostics Technologies (Other molecular diagnostic tests include microarrays and DNA sequencing)
Hematology
Urinalysis
Other Technologies (Other technologies comprise microbiology and histopathology tests)
Companion Animal Diagnostics Market, by Animal Type
Canine
Feline
Other Companion Animals (Other companion animals comprise rabbits, birds, reptiles, snakes, and other small animals)
Companion Animal Diagnostics Market, by End User
Reference Laboratories
Veterinary Hospitals
POC/In-house Testing
Companion Animal Diagnostics Market, by Geography
North America
Europe
Asia-Pacific (APAC)
Latin America
Middle East & Africa
U.S.
Canada
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Japan
China
India
Rest of APAC (RoAPAC)
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Commercial Earthquake Insurance Market Revenue and Share Study Analysis to 2030
Statistics: Major Factors that Can Increase the Global Demand, Business Growth Analysis by Top Countries Data and Segments Insights
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The market is studied based on a variety of factors that impact the performance of the market across various regions 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).
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Pet Care Products Market Demand, Share and Forecast Analysis Report, 2022
Market Overview
According to the analysis by Market Research Future (MRFR), the global pet care products are anticipated to procure a market share of USD 115.25 billion while expanding at a CAGR of 5.25% by 2024.
The increasing demand for nutritious pet food and the growing need for webcams for pet visits are anticipated to be significant factors that can grow the market during the forecast period. The on-going technical development in the form of wearables is another salient cause that can propel the industry in the coming time. The growing popularity of e-commerce, growing adoption of pets, and the rising disposable income worldwide are other necessary factors that can boost the trade in the analysis timeframe. On the contrary, lack of awareness regarding pet care products and the scope of allergies associated with animal-associated allergens can hamper the market growth in the coming time.
The outbreak of COVID-19 is expected to have a minimal impact on the pet care products market since some of the segments in few countries can grow at a regular pace. Several developed products have been launched in the market. Some of them are Litter Robot, Go Pro Ftech, Sureflap, and others during the pandemic.
Market Segmentation
The global pet care products of the market can be segmented into pet type, type, and distribution channel.
The type-based segments of the global pet care market are dog, cat, and others.
The product-based segments of the global pet care market are pet food, pet grooming products, and others.
The distribution channel-based segment of the global pet care market is store-based and non-store-based. The store-based distribution channel segment can be segmented into specialty stores, supermarkets & hypermarkets, and convenience stores.
Regional Analysis
As per the assessment conducted by MRFR, Europe is anticipated to dominate the market during the forecast period. The growth of the market in the region can be attributed to increasing health consciousness among pet owners. The presence of key players in the region is anticipated to be another salient cause that can drive the market in the assessment tenure. The introduction of organic pet food is expected to provide lucrative opportunities in the market. Among all, Germany is projected to expand at the highest growth during the review timeframe. On the other hand, APAC is expected to grow at the highest growth rate during the analysis time. Developing countries such as India, China, and Japan are expected to make a notable contribution in augmenting the market size. The increasing pet adoption and the rising disposable income in developing countries are likely to play a salient role in bolstering the regional market. North America is anticipated to procure significant market share during the forecast period. The increasing pet ownership, growing demand for branded pet food, nutritionally rich, thereby strengthening the regional market. Among all, the US is expected to make a notable contribution in increasing the regional market. The presence of pet insurance across the country is likely to play a significant role in driving the regional market. Furthermore, the growing demand for premium pet products can further grow the market in the region.
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Key Players
Some of the renowned players of the global pet care products market are Petco Animal Supplies, Inc. (US), PetSmart Inc. (US), General Mills, Inc. (US), Colgate-Palmolive Company (US), Nestle S.A.(Switzerland), Mars, Incorporated (US), Petmate Holdings Co. (US), Champion Petfoods LP (US), KONG Company (US), Blue Pet Products, Inc.(US), and Unicharm Corporation (Japan).
Industry News
February 2021- Rover, an app that connects pet owners with dog walkers and groomers, is now worth USD 1.4 billion.
February 2021 The South Korean home appliance makers LG and Samsung are releasing products that highlight pet care features. LG Electronics introduced a washer and a dryer that comes with steam functions that remove allergens. Samsung unveiled its AI-powered vacuum cleaner, the JetBot 90 AI+, at the all-digital Consumer Electronics Show (CES) 2021 the previous month.
February 2021- Pet King Brands, Inc. announced their veterinarian-recommended ZYMOX Dermatology and Oratene Brushless Oral Care products for the pet could be purchased directly on the manufacturer’s website.
February 2021- IVC Evidensia, Europe’s largest veterinary care provider. Announces an expanded partnership among its shareholder to support IVC in driving its next phase of accelerating growth. The new investment from the expanded partnership transaction total €3.5 billion and values IVC at an enterprise value of approximately €12.3 billion.
January 2021- Mare Petcare UK is announcing the proactive recall of a limited number of products, including CHAPPIE Complete, PEDIGREE Dry Mixer, and PEDIGREE Complete Dry Chicken and Vegetables.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Veterinary CT Scanner Market Size, Trends, Revenue, Major Players, Share Analysis & Forecast Till 2027
The Veterinary CT Scanner market size was valued USD 138.1 million in 2018 and is expected to register a CAGR of 6.2% during the forecast period (2019-2025). The global veterinary CT scanner market consists of four regions, namely, the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas region accounted for the largest market share of the global veterinary CT scanner market owing to the increasing adoption of pet animals, the growing pet insurance industry, and the increasing veterinary healthcare expenditure in the region.
Europe holds the second position in the veterinary CT scanner market. It is expected that the rising contribution of marketers and improvement in reimbursement policies are likely to drive the European veterinary CT scanner market.
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The Asia Pacific region is expected to exhibit the fastest growth throughout the forecast period owing to the increasing awareness about animal health and increasing per capita animal health expenditure, especially in China and India.
The steady growth in companion animal ownership in emerging markets such as China, India, Brazil, and the other Asia Pacific and Latin American countries serves as a significant growth opportunity for market players in the veterinary CT scanner market.
The Middle Eastern region is expected to grow at a steady pace owing to factors such as the extensive development of healthcare infrastructure and increasing R&D activities in the healthcare sector.
Segmentation
The global veterinary CT scanner market has been divided on the basis of type, device architecture, animal type, application, and end-U.S.er.
Based on the type segment, the global veterinary CT scanner market can be divided into stationary multi-slice CT scanners and portable CT scanners. Stationary multi-slice CT scanners are further divided into mid-end CT scanners, high-end CT scanners, and low-end CT scanners.
Based on the device architecture segment, the global veterinary CT scanner market can be divided into C-arm CT scanners and O-arm CT scanners.
Based on the animal type segment, the global veterinary CT scanner market can be divided into small companion animals, equine and livestock, and others.
Based on the application segment, the global veterinary CT scanner market can be divided into neurology, oncology, orthopedics and traumatology, cardiology, nephrology, dentistry, gastroenterology, respiratory, and others.
Based on the end-U.S.er segment, the global veterinary CT scanner market is divided into veterinary hospitals, veterinary clinics, university teaching hospitals and academic institutes, and others.
Key Players
Some of the key players in the global veterinary CT scanner market are GE Healthcare (U.S.), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), Epica Medical Innovation (U.S.), Siemens AG (Siemens Healthineers) (Germany), Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Animage, LLC (U.S.), GIN ApS (Denmark), QR s.r.l. (Italy), 4DDI (U.S.), and others.
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Lifetime Pet Insurance Market - Future Developments and Industry Size Report
The Lifetime Pet Insurance Market Research Report gives CAGR value, Industry Chains, Upstream, Geography, End-user, Application, Competitor analysis, SWOT Analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast. The Report Also Gives Insight On Entry and Exit Barriers of the Industry.
The study report offers a comprehensive analysis of Lifetime Pet Insurance Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Lifetime Pet Insurance Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the Lifetime Pet Insurance Market will be able to gain the upper hand as they use the report as a powerful resource.
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The report takes into account the impact of the novel COVID-19 pandemic on the Lifetime Pet Insurance Market also provides assessment of market definition along with the identification of topmost prominent key manufactures are analyzed emphatically by competitive landscape contrast, with respect to Price, Sales, Capacity, Import, Export, Lifetime Pet Insurance Market Size, Consumption, Gross, Gross Margin, Revenue and Market Share.The Lifetime Pet Insurance Market report provides information about the industry, including valuable facts and figures. This research study explores the Market in detail such as industry chain structures, raw material suppliers, with manufacturing The Industrial IoT Sales market examines the primary segments of the scale of the market. This intelligent study provides historical data from 2015 alongside a forecast from 2021 to 2027.
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Additionally, the research report on Lifetime Pet Insurance Market provides an in depth analysis about market status, market size, revenue share, industry development trends, products’ advantages and disadvantages of the enterprise, enterprise competition pattern, industrial policy and regional industrial layout characteristics. The Lifetime Pet Insurance Market report covers recent developments, strategic market growth analysis, area marketplace expanding, product launches, technological innovations and many more. Research report also offers an in-depth analysis about the Agreements, collaboration and partnership among different vendors across the globe. Therefore the report is beneficial for all kinds of clients.
Impact of Covid-19 in Lifetime Pet Insurance Market 2021-2027: The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned Lifetime Pet Insurance Market are affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is anticipated to get highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India.
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Pet Insurance Market Size, Share With Top Companies, Region Forecast 2021-2027
Pet Insurance Market 2020-2026
A New Market Study, Titled “Pet Insurance Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Description
This global study of the Pet Insurance market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Pet Insurance industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.
Request a Free Sample Report @ https://www.fusionmarketresearch.com/sample_request/(COVID-19-Version)-Global-Pet-Insurance-Market-Status-(2015-2019)-and-Forecast-(2020-2025)-by-Region,-Product-Type-&-End-Use
The report offers detailed coverage of Pet Insurance industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Pet Insurance by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Pet Insurance market for 2015-2024.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Pet Insurance according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Pet Insurance company.
Key Companies Petplan UK (Allianz) Nationwide Trupanion Petplan NorthAmerica(Allianz) Hartville Group Pethealth Petfirst Embrace Royal & Sun Alliance (RSA) Direct Line Group Agria Petsecure PetSure Anicom Holding ipet Insurance Japan Animal Club
Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]
Market by Type Lifetime Cover Non-lifetime Cover Accident-only Others
Market by Application Dog Cat Others
Ask Enquire @ https://www.fusionmarketresearch.com/enquiry.php/(COVID-19-Version)-Global-Pet-Insurance-Market-Status-(2015-2019)-and-Forecast-(2020-2025)-by-Region,-Product-Type-&-End-Use
Table of Contents
Part 1 Market Overview 1.1 Market Definition 1.2 Market Development 1.2.1 Current Situation 1.2.2 Aspects of COVID-19 Impact 1.3 By Type Table Type of Pet Insurance Figure Global Pet Insurance Market Share by Type in 2019 1.4 By Application Table Application of Pet Insurance Figure Global Pet Insurance Market Share by Application in 2019 1.5 By Region Figure Global Pet Insurance Market Share by Region in 2019 Figure Asia Pet Insurance Market Share by Region in 2019
Part 3 Global Market Status and Future Forecast 3.1 Global Market by Region Table Global Pet Insurance Market by Region, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Region in 2019 (Million USD) 3.2 Global Market by Company Table Global Pet Insurance Market by Company, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Company in 2019 (Million USD) 3.3 Global Market by Type Table Global Pet Insurance Market by Type, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Type in 2019 (Million USD) 3.4 Global Market by Application Table Global Pet Insurance Market by Application, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Application in 2019 (Million USD) 3.5 Global Market by Forecast Figure Global Pet Insurance Market Forecast, 2020-2025 (Million USD)
….
Part 9 Market Features 9.1 Product Features 9.2 Price Features 9.3 Channel Features 9.4 Purchasing Features Part 10 Investment Opportunity 10.1 Regional Investment Opportunity 10.2 Industry Investment Opportunity
PART 11 Coronavirus Impact 11.1 Impact on Industry Upstream 11.2 Impact on Industry Downstream 11.3 Impact on Industry Channels 11.4 Impact on Industry Competition 11.5 Impact on Industry Obtain Employment Part 12 Conclusion
Continue…
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Fusion Market Research is one of the largest collections of market research reports from numerous publishers. We have a team of industry specialists providing unbiased insights on reports to best meet the requirements of our clients. We offer a comprehensive collection of competitive market research reports from a number of global leaders across industry segments.
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Pet Insurance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2027
Pet Insurance Market 2020-2026
A New Market Study, Titled “Pet Insurance Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Description
This global study of the Pet Insurance market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Pet Insurance industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.
Request a Free Sample Report @ https://www.fusionmarketresearch.com/sample_request/(COVID-19-Version)-Global-Pet-Insurance-Market-Status-(2015-2019)-and-Forecast-(2020-2025)-by-Region,-Product-Type-&-End-Use
The report offers detailed coverage of Pet Insurance industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Pet Insurance by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Pet Insurance market for 2015-2024.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Pet Insurance according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Pet Insurance company.
Key Companies Petplan UK (Allianz) Nationwide Trupanion Petplan NorthAmerica(Allianz) Hartville Group Pethealth Petfirst Embrace Royal & Sun Alliance (RSA) Direct Line Group Agria Petsecure PetSure Anicom Holding ipet Insurance Japan Animal Club
Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]
Market by Type Lifetime Cover Non-lifetime Cover Accident-only Others
Market by Application Dog Cat Others
Ask Enquire @ https://www.fusionmarketresearch.com/enquiry.php/(COVID-19-Version)-Global-Pet-Insurance-Market-Status-(2015-2019)-and-Forecast-(2020-2025)-by-Region,-Product-Type-&-End-Use
Table of Contents
Part 1 Market Overview 1.1 Market Definition 1.2 Market Development 1.2.1 Current Situation 1.2.2 Aspects of COVID-19 Impact 1.3 By Type Table Type of Pet Insurance Figure Global Pet Insurance Market Share by Type in 2019 1.4 By Application Table Application of Pet Insurance Figure Global Pet Insurance Market Share by Application in 2019 1.5 By Region Figure Global Pet Insurance Market Share by Region in 2019 Figure Asia Pet Insurance Market Share by Region in 2019
Part 3 Global Market Status and Future Forecast 3.1 Global Market by Region Table Global Pet Insurance Market by Region, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Region in 2019 (Million USD) 3.2 Global Market by Company Table Global Pet Insurance Market by Company, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Company in 2019 (Million USD) 3.3 Global Market by Type Table Global Pet Insurance Market by Type, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Type in 2019 (Million USD) 3.4 Global Market by Application Table Global Pet Insurance Market by Application, 2015-2019 (Million USD) Figure Global Pet Insurance Market Share by Application in 2019 (Million USD) 3.5 Global Market by Forecast Figure Global Pet Insurance Market Forecast, 2020-2025 (Million USD)
….
Part 9 Market Features 9.1 Product Features 9.2 Price Features 9.3 Channel Features 9.4 Purchasing Features Part 10 Investment Opportunity 10.1 Regional Investment Opportunity 10.2 Industry Investment Opportunity
PART 11 Coronavirus Impact 11.1 Impact on Industry Upstream 11.2 Impact on Industry Downstream 11.3 Impact on Industry Channels 11.4 Impact on Industry Competition 11.5 Impact on Industry Obtain Employment Part 12 Conclusion
Continue…
ABOUT US :
Fusion Market Research is one of the largest collections of market research reports from numerous publishers. We have a team of industry specialists providing unbiased insights on reports to best meet the requirements of our clients. We offer a comprehensive collection of competitive market research reports from a number of global leaders across industry segments.
CONTACT US
PH : +(210) 775-2636
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Global Pet Insurance Market (2022 to 2027)
New Post has been published on https://petnews2day.com/pet-industry-news/pet-insurance-news/global-pet-insurance-market-2022-to-2027/
Global Pet Insurance Market (2022 to 2027)
Dublin, Nov. 10, 2022 (GLOBE NEWSWIRE) — The “Global Pet Insurance Market (2022-2027) by Products, Animal Type, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Pet Insurance Market is estimated to be USD 5.58 Bn in 2022 and is expected to reach USD 8.31 Bn by 2027, growing at a CAGR of 8.29%
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are Allianz Insurance PLC, Anicom Holdings, Inc., Bajaj Allianz General Insurance, Direct Line Insurance Group PLC, Embrace Pet Insurance Agency, LLC , Figo Pet Insurance LLC, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Pet Insurance Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Pet Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
The report offers a comprehensive evaluation of the Global Pet Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics 4.1 Drivers 4.1.1 Growing Healthcare Expenditure for Pets and Increasing Adoption of Pet Insurance by Owners 4.1.2 Increasing Pet Veterinary Costs 4.1.3 Rising Companies Offering Innovative Pet Insurance Coverage 4.2 Restraints 4.2.1 Dearth of Reimbursement Policies 4.3 Opportunities 4.3.1 Continued Initiatives to Increase Consumer Awareness Attributed to Several Policies 4.3.2 Growing Number of Mergers and Acquisition for Pet Insurance Companies 4.4 Challenges 4.4.1 Lack of Awareness Associated to Pet Insurance
5 Market Analysis 5.1 Regulatory Scenario 5.2 Porter’s Five Forces Analysis 5.3 Impact of COVID-19 5.4 Ansoff Matrix Analysis 5.5 PESTLE Analysis
6 Global Pet Insurance Market, By Products 6.1 Introduction 6.2 Accident and Illness 6.3 Accident Only
7 Global Pet Insurance Market, By Animal Type 7.1 Introduction 7.2 Cats 7.3 Dogs
8 Global Pet Insurance Market, By End-Users 8.1 Introduction 8.2 Agency 8.3 Bancassurance 8.4 Broker 8.5 Direct Writing
9 Americas’ Pet Insurance Market 9.1 Introduction 9.2 Argentina 9.3 Brazil 9.4 Canada 9.5 Chile 9.6 Colombia 9.7 Mexico 9.8 Peru 9.9 United States 9.10 Rest of Americas
10 Europe’s Pet Insurance Market 10.1 Introduction 10.2 Austria 10.3 Belgium 10.4 Denmark 10.5 Finland 10.6 France 10.7 Germany 10.8 Italy 10.9 Netherlands 10.10 Norway 10.11 Poland 10.12 Russia 10.13 Spain 10.14 Sweden 10.15 Switzerland 10.16 United Kingdom 10.17 Rest of Europe
11 Middle East and Africa’s Pet Insurance Market 11.1 Introduction 11.2 Egypt 11.3 Israel 11.4 Qatar 11.5 Saudi Arabia 11.6 South Africa 11.7 United Arab Emirates 11.8 Rest of MEA
12 APAC’s Pet Insurance Market 12.1 Introduction 12.2 Australia 12.3 Bangladesh 12.4 China 12.5 India 12.6 Indonesia 12.7 Japan 12.8 Malaysia 12.9 Philippines 12.10 Singapore 12.11 South Korea 12.12 Sri Lanka 12.13 Thailand 12.14 Taiwan 12.15 Rest of Asia-Pacific
13 Competitive Landscape 13.1 IGR Competitive Quadrant 13.2 Market Share Analysis 13.3 Strategic Initiatives 13.3.1 M&A and Investments 13.3.2 Partnerships and Collaborations 13.3.3 Product Developments and Improvements
14 Company Profiles 14.1 Allianz Insurance, PLC 14.2 Anicom Holdings, Inc. 14.3 Bajaj Allianz General Insurance 14.4 Direct Line Insurance Group, PLC 14.5 Embrace Pet Insurance Agency, LLC 14.6 Figo Pet Insurance, LLC 14.7 Future Generali India Insurance Co., Ltd. 14.8 Hartville Group 14.9 Healthy Paws Pet Insurance, LLC 14.10 Lansforsakringar 14.11 Medibank Pvt., Ltd. 14.12 MetLife, Inc. 14.13 Nationwide Building Society 14.14 PetSure (Australia) Pty Ltd. 14.15 Policybazaar (PB Fintech Ltd.) 14.16 Royal Bank of Scotland, PLC 14.17 RSA Insurance Group, Ltd. 14.18 The Oriental Insurance, Co., Ltd. 14.19 Trupanion 14.20 Warburg Pincus,LLC
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/rq8sj0
Global Pet Insurance Market
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Veterinary PoC Diagnostics Market by Product (Kits & Reagents, Analyzers), Technology (Hematology, Immunodiagnostics, Mdx), Disease (Infectious, Metabolic), Animal (Companion, Livestock), End User (Diagnostic Labs, Hospitals, Clinics) - Global Forecast to 2029
The Veterinary PoC Diagnostics Market is expected to grow at a CAGR of 10.6% from 2022 to 2029 to reach $2.32 billion by 2029. The high growth of the veterinary PoC diagnostics market is mainly attributed to the advancements in PoC testing and its benefits over other methods of veterinary diagnostics. Moreover, factors such as growing pet adoption and growing pet population, rising demand for animal-derived food products, adoption of pet insurance, and increase in pet expenditure are also expected to support market growth. In addition to that, emerging countries provide increasing growth opportunities for players operating in the veterinary PoC diagnostics market. However, the dearth of veterinary practitioners poses a challenge to this market's growth.
Impact of COVID-19 on the Veterinary PoC Diagnostics Market
As governments worldwide initiated social distancing and self-isolation guidelines, the market players experienced reduced or delayed operations. Veterinary clinics and hospitals received fewer patient visits because of the resources directed towards humans and emergencies. The travel restrictions and lockdown restrictions in the first half of 2020 resulted in decreased visits of patients to veterinary clinics and hospitals. As meat-producing plants were also temporarily shut down, there was a reduction in meat production and decreased adoption of diagnostics products. In addition to that, installation and shipments of devices and instruments in PoC labs and hospitals were delayed due to the stringent travel restrictions. The companies operating in this market had to delay their R&D activities due to delayed shipments of samples, devices, and components and increased shipping costs. Moreover, on-field testing and local collaboration were suspended due to the pandemic.
However, COVID-19 infections were reported in companion animals near the people infected with the virus. For instance, in June 2020, the United States Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) announced the first confirmed case of SARS-CoV-2 (the virus that causes COVID-19) infection in a pet dog (German shepherd) in New York state.
In 2020, the Centers for Disease Control and Prevention (CDC) (U.S.) issued guidelines for testing companion, livestock, zoo, and wild animals for epidemiologic investigation. In addition to that, In response to SARS-CoV-2 infections in animals living with infected patients, several studies are underway to access the PoC test for detecting infections. For instance, in November 2021, Federal Research Institute for Animal Health (Germany) conducted research on the impact of animal saliva on the performance of rapid antigen tests for detecting SARS-CoV-2. This study concluded that rapid antigen tests could be used as a point-of-care surveillance tool in animals with SARS-CoV-2 infections.
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Rising Prevalence of Animal Diseases to Drive the Growth of the Veterinary PoC Diagnostics Market
Global urbanization is causing increasingly frequent contact between wildlife, human and domestic animal populations, resulting in increased zoonotic disease spillover from wildlife populations. Animal rearing, slaughter, preparation, and food consumption practices can further promote the transmission of infectious animal and zoonotic diseases. Animals can sometimes appear healthy even when carrying germs that make people sick, depending on the zoonotic disease. As animals also provide food for consumption, foodborne zoonotic diseases are caused by consuming food or water contaminated by pathogenic microorganisms. According to CDC, more than 6 out of every ten known infectious diseases in people can be spread from animals, and 3 out of every four new or emerging infectious diseases in people come from animals.
According to WHO, an estimated 600 million, i.e., almost 1 in 10 people worldwide, fall ill from consuming contaminated food every year. Children under five years of age are at a particularly high risk of carrying 40% of the burden of foodborne diseases, with 125,000 children dying from foodborne diseases every year. Diarrheal diseases are the most common illnesses resulting from the consumption of contaminated food, causing 550 million people to fall ill and 230,000 deaths every year (Source: WHO). According to the Centers for Disease Control (CDC), in 2020, nearly 18,462 foodborne disease infections were witnessed in the U.S., including 4,788 hospitalizations and 118 deaths. Also, WHO states that the total productivity loss associated with foodborne disease in low-and middle-income countries was USD 110 billion in 2020.
As zoonotic diseases spread from animals to humans and from humans to animals, 61% of the infectious diseases affecting humans are zoonotic; 75% of new or emerging diseases worldwide are zoonotic. Thus, PoC diagnosis and management decisions can prevent onward transmission of infectious pathogens, protecting the health and wellbeing of human and animal populations worldwide and potentially containing epidemics that would otherwise have serious and far‐reaching consequences.
Key Findings of the Global Veterinary PoC Diagnostics Market Study:
In 2022, the Immunodiagnostics Segment is Estimated to Dominate the Veterinary PoC Diagnostics Market
Based on technology, the immunodiagnostics segment is estimated to account for the largest share of this market in 2022. Immunodiagnostics tests are easy to use and cost-effective. In addition, up to three rapid tests can be done to screen components with a single sample, and advancements in immunodiagnostics techniques further support the growth of this segment.
In 2022, the Kits & Reagents Segment is Estimated to Account for the Largest Share of the Veterinary PoC Diagnostics Market
Based on product, in 2022, the kits & reagents segment is expected to account for the largest share of the veterinary PoC diagnostics market. The largest share of this segment is mainly attributed to the increasing demand for rapid disease diagnosis, commercial availability of a diverse range of reagents & consumables for various diseases & animal health screening, increasing demand for rapid disease diagnosis, and the emergence of various PoC tests and assays.
The Companion Animals Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Based on animal type, the companion animals segment is estimated to register the fastest growth during the forecast period. Factors such as the growing pet population, adoption of pet insurance, and increase in pet expenditure are some of the factors driving the growth of this segment.
Asia Pacific: Fastest Growing Market
At the regional level, in 2022, North America is expected to account for the largest share of the veterinary PoC diagnostics market. On the other hand, Asia-Pacific is projected to grow at the highest CAGR during the forecast period due to the large livestock population and rising incidence of various zoonotic diseases.
Key Players
The report includes a competitive landscape based on extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments in leading industry market players over the past four years. The key players profiled in the global veterinary PoC diagnostics market are IDEXX Laboratories, Inc. (U.S.), Zoetis Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Heska Corporation (U.S), Neogen Corporation (U.S.), Eurolyser Diagnostica GmbH (Austria), Woodley Equipment Company Ltd. (U.K.), Randox Laboratories Ltd. (U.K.), AniPOCLtd (U.K.), and Virbac (France).
Scope of the Report:
Veterinary PoC Diagnostics Market, by Product
Kits & Reagents
Analyzers
Veterinary PoC Diagnostics Market, by Disease
Infectious Diseases
Metabolic Diseases
Others
Veterinary PoC Diagnostics Market, by Technology
Clinical Biochemistry
Immunodiagnostics
Molecular Diagnostics
Hematology
Urinalysis
Other Technologies
Veterinary PoC Diagnostics Market, by Animal Type
Companion Animals
Livestock Animals
Veterinary PoC Diagnostics Market, by End User
Veterinary Hospitals & Clinics
Diagnostic Labs
Home Care Settings
Veterinary PoC Diagnostics Market, by Geography
North America
Europe
Asia-Pacific (APAC)
Latin America
Middle East & Africa
U.S.
Canada
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Japan
China
India
Rest of APAC (RoAPAC)
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Veterinary Pain Management Market Growth, Sales, Cost and Profit Till 2027
Global Veterinary Pain Management Market: Information By Product (Medication (Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Opioids, Local Anesthetics, A2-Adrenergic Agonists, Muscle Relaxants, Sedatives), Route of Administration (Oral, Parental, Topical), Devices (Laser Therapy Devices, Electromagnetic Therapy Devices)), Application (Joint Pain (Osteoarthritis, Musculoskeletal Disorders), Postoperative Pain, Cancer, Others) End User (Hospitals & Clinics, Ambulatory Surgery Centers and Others), Distribution Channel (Hospitals and Clinics, Pharmacies, others) - Forecast till 2027
Overview
The global veterinary pain management market will grow at a CAGR of 6.46% during the forecast period 2020 to 2027. The market for veterinary pain management is set to reach US$4.5 billion by 2027. As per veterinary pain management market analysts, the global market is anticipated to witness growth owing to the factors such as the growing animal welfare funding as well as the rise in pet insurance. However, this market will face challenges and restraints due to lack of information and unfavorable policies during the forecast period 2020 to 2027.
As per veterinary pain management market analysts, the veterinary pain management market-based companies will face certain challenges during the forecast period 2020 to 2027. The veterinary pain management market research report provides in-depth analysis of the animal type, application, distribution channel, and product segments. The veterinary pain management industry research report presents factors such as complex reimbursement that could slow down the veterinary pain management market's growth.
Market Segmentation
The market for veterinary pain management has been segmented into animal type, application, distribution channel, and product. Based on the segment which is animal type, the market is categorized on the basis of companion animals and livestock animals. The global market for veterinary pain management is further segmented based on application into joint pain (osteoarthritis, musculoskeletal disorders), postoperative pain, cancer, others. Furthermore, the market, on the basis of the distribution channel is segmented into ambulatory surgery centers, hospitals & clinics, and others. Based on the segment which is the product, the market is categorized on the basis of A2-adrenergic agonists, local anesthetics, medication (nonsteroidal anti-inflammatory drugs (NSAIDS), muscle relaxants, opioids, and sedatives.
The veterinary pain management market report offers comprehensive study of this market segments including animal type, application, distribution channel, and product. The analysts have also studied the veterinary pain management market's spread across the regional markets across many of the veterinary pain management market’s segments at country levels. The animal type, application, distribution channel, and product segments spread across the veterinary pain management market along with the subsegments are studied. The global market for veterinary pain management is spread across various product and service based segments. This market research report highlights these key segments and offers forecasts based on primary and secondary data. The global veterinary pain management market research report presents key company profiles of organizations active across the veterinary pain management market.
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Regional Overview
The lack of knowledge of severe disease problems may hinder the veterinary pain management market growth. The veterinary pain management market research report suggests that companies in the this market could be supported by an increase in animal welfare spending as well as the rising prevalence of animal diseases during the forecast period. The market for veterinary pain management is set to register growth at a high CAGR owing to these key factors. The market for veterinary pain management is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per veterinary pain management market analysts, this market is set to witness tremendous growth across animal type, application, distribution channel, and product segments. The global veterinary pain management market’s North American region covers veterinary pain management markets across the United States, Mexico, Canada, and others. Businesses present in the this market are also profiled and their strategies have been presented in detail in the veterinary pain management market research report.
The veterinary pain management market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the veterinary pain management market research report provides details about the APAC region covering veterinary pain management markets from China, India, Australia, Japan, and others. The market for veterinary pain management is also active across several other parts of the world. The veterinary pain management market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global veterinary pain management market..
Competitive Landscape
Veterinary pain management has seen tremendous growth, due to a rise in the need to sustain animal health and the increase in the acceptance of pet insurance worldwide. However, high cost and lack of infrastructure in developing countries would challenge the companies active in the veterinary pain management market. Furthermore, companies using growth strategies to stay ahead in the global veterinary pain management market are expected to help the market during the forecast period 2020 to 2027. As the market report suggests that the market for veterinary pain management will register a CAGR of 6.46% and reach a US$4.5 billion by 2027, the market report highlights key areas veterinary pain management market-based companies need to focus on. The veterinary pain management market research report projects a long term growth till 2027. Based on veterinary pain management market’s analysis on the basis of SWOT and Porters’ Five Force Model, this market will rise during the forecast period 2020 to 2027, however the companies need to move ahead with caution. The veterinary pain management market research report highlights such key areas.
Industry News
Zoetis Inc. has reported that it is purchasing US$6,72 a share or an estimated value of around US$85 million in Nexvet Biopharma Veterinary Biological Therapy Business. The buy is scheduled to end in the second half of 2017, pending clearance. The transaction will boost Zoetis' chronic pain treatment solutions portfolio in dogs and cats with its head office in Parsippany, N.J. According to the firm. Nexvet is based in Tullamore, Ireland and is established in 2010 and is developing monoclonal (mAb) treatments in the pain and other therapy areas for accompanying animals.
Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET SYNOPSIS 22
1.2 MARKET ATTRACTIVENESS ANALYSIS 23
1.3 GLOBAL VETERINARY PAIN MANAGEMENT MARKET, BY PRODUCT 24
1.4 GLOBAL VETERINARY PAIN MANAGEMENT MARKET, BY ANIMAL TYPE 25
1.5 GLOBAL VETERINARY PAIN MANAGEMENT MARKET, BY APPLICATION 26
1.6 GLOBAL VETERINARY PAIN MANAGEMENT MARKET, BY DISTRIBUTION CHANNEL 27
2 MARKET INTRODUCTION
2.1 DEFINITION 28
2.2 SCOPE OF THE STUDY 28
2.3 RESEARCH OBJECTIVE 28
2.4 MARKET STRUCTURE 28
2.5 ASSUMPTIONS & LIMITATIONS 29
3 RESEARCH METHODOLOGY
3.1 DATA MINING 30
3.2 SECONDARY RESEARCH 31
3.3 PRIMARY RESEARCH 32
3.4 BREAKDOWN OF PRIMARY RESPONDENTS 33
3.5 FORECASTING TECHNIQUES 34
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 35
3.6.1 BOTTOM-UP APPROACH 36
3.6.2 TOP-DOWN APPROACH 36
3.7 DATA TRIANGULATION 37
3.8 VALIDATION 37
4 MARKET DYNAMICS
4.1 OVERVIEW 38
4.2 DRIVERS 39
4.2.1 RISE IN COMPANION ANIMAL OWNERSHIP & LARGE PET POPULATION 39
4.2.2 RISE IN PET INSURANCE WITH GROWING ANIMAL HEALTH EXPENDITURE 40
4.2.3 GROWING PREVALENCE OF ANIMAL DISEASES 41
4.3 RESTRAINTS 41
4.3.1 LACK OF AWARENESS REGARDING ANIMAL HEALTH 41
4.3.2 UNAFFORDABILITY OF VETERINARY SERVICES IN UNDERDEVELOPED AND DEVELOPING REGIONS 42
4.4 OPPORTUNITIES 42
4.4.1 ADOPTION OF GROWTH STRATEGIES BY KEY PLAYERS 42
4.5 CHALLENGES 43
4.5.1 LACK OF SKILLED VETERINARIANS IN DEVELOPING AND UNDERDEVELOPED REGIONS 43
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 44
5.1.1 BARGAINING POWER OF SUPPLIERS 44
5.1.2 BARGAINING POWER OF BUYERS 45
5.1.3 THREAT OF NEW ENTRANTS 45
5.1.4 THREAT OF SUBSTITUTES 45
5.1.5 INTENSITY OF RIVALRY 45
5.2 VALUE CHAIN ANALYSIS 46
5.2.1 R&D AND DESIGNING 47
5.2.2 MANUFACTURING 47
5.2.3 DISTRIBUTION, MARKETING AND SALES 47
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Pet Care Products Market To Witness Robust Expansion Throughout The Forecast Period 2021- 2024
Market Overview
According to the analysis by Market Research Future (MRFR), the global pet care products industry are anticipated to procure a market share of USD 115.25 billion while expanding at a CAGR of 5.25% by 2024.
The increasing demand for nutritious pet food and the growing need for webcams for pet visits are anticipated to be significant factors that can grow the market during the forecast period. The on-going technical development in the form of wearables is another salient cause that can propel the industry in the coming time. The growing popularity of e-commerce, growing adoption of pets, and the rising disposable income worldwide are other necessary factors that can boost the trade in the analysis timeframe. On the contrary, lack of awareness regarding pet care products and the scope of allergies associated with animal-associated allergens can hamper the market growth in the coming time.
The outbreak of COVID-19 is expected to have a minimal impact on the pet care market since some of the segments in few countries can grow at a regular pace. Several developed products have been launched in the market. Some of them are Litter Robot, Go Pro Ftech, Sureflap, and others during the pandemic.
Key Players
Some of the renowned players of the global pet care products market are Petco Animal Supplies, Inc. (US), PetSmart Inc. (US), General Mills, Inc. (US), Colgate-Palmolive Company (US), Nestle S.A.(Switzerland), Mars, Incorporated (US), Petmate Holdings Co. (US), Champion Petfoods LP (US), KONG Company (US), Blue Pet Products, Inc.(US), and Unicharm Corporation (Japan).
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Market Segmentation
The global pet care products of the market can be segmented into pet type, type, and distribution channel.
The type-based segments of the global pet care market are dog, cat, and others.
The product-based segments of the global pet care market are pet food, pet grooming products, and others.
The distribution channel-based segment of the global pet care market is store-based and non-store-based. The store-based distribution channel segment can be segmented into specialty stores, supermarkets & hypermarkets, and convenience stores.
Regional Analysis
As per the assessment conducted by MRFR, Europe is anticipated to dominate the market during the forecast period. The growth of the market in the region can be attributed to increasing health consciousness among pet owners. The presence of key players in the region is anticipated to be another salient cause that can drive the market in the assessment tenure. The introduction of organic pet food is expected to provide lucrative opportunities in the market. Among all, Germany is projected to expand at the highest growth during the review timeframe. On the other hand, APAC is expected to grow at the highest growth rate during the analysis time. Developing countries such as India, China, and Japan are expected to make a notable contribution in augmenting the market size. The increasing pet adoption and the rising disposable income in developing countries are likely to play a salient role in bolstering the regional market. North America is anticipated to procure significant market share during the forecast period. The increasing pet ownership, growing demand for branded pet food, nutritionally rich, thereby strengthening the regional market. Among all, the US is expected to make a notable contribution in increasing the regional market. The presence of pet insurance across the country is likely to play a significant role in driving the regional market. Furthermore, the growing demand for premium pet products can further grow the market in the region.
Industry News
February 2021- Rover, an app that connects pet owners with dog walkers and groomers, is now worth USD 1.4 billion.
February 2021 The South Korean home appliance makers LG and Samsung are releasing products that highlight pet care features. LG Electronics introduced a washer and a dryer that comes with steam functions that remove allergens. Samsung unveiled its AI-powered vacuum cleaner, the JetBot 90 AI+, at the all-digital Consumer Electronics Show (CES) 2021 the previous month.
February 2021- Pet King Brands, Inc. announced their veterinarian-recommended ZYMOX Dermatology and Oratene Brushless Oral Care products for the pet could be purchased directly on the manufacturer’s website.
February 2021- IVC Evidensia, Europe’s largest veterinary care provider. Announces an expanded partnership among its shareholder to support IVC in driving its next phase of accelerating growth. The new investment from the expanded partnership transaction total €3.5 billion and values IVC at an enterprise value of approximately €12.3 billion.
January 2021- Mare Petcare UK is announcing the proactive recall of a limited number of products, including CHAPPIE Complete, PEDIGREE Dry Mixer, and PEDIGREE Complete Dry Chicken and Vegetables.
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