Setting

Asia Pacific Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity

Published: 30 Sep 2021 | Report Code: 10248197 | Pages: 103

Asia Pacific pet insurance market will grow by 16.8% annually with a total addressable market cap of $18.82 billion over 2021-2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance. Highlighted with 40 tables and 46 figures, this 103-page report “Asia Pacific Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19). In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Country. Based on Insurance Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Accident & Illness o Dogs o Cats o Other Pets • Accident Only o Dogs o Cats o Other Pets Based on Policy Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Lifetime Coverage • Non-Lifetime Coverage Based on Animal Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Dogs o Accident & Illness o Accident Only • Cats o Accident & Illness o Accident Only • Other Animals o Accident & Illness o Accident Only Based on Provider, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Private Insurance Providers • Public Insurance Providers Based on Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Insurance Agency • Bancassurance • Brokers • Direct Sales Geographically, the following national/local markets are fully investigated: • Japan • China • South Korea • Australia • India • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Insurance Type, Animal Type, and Distribution Channel over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Agria Anicom Holding ASPCA Bow Wow Meow Embrace Pet Insurance Agency, LLC Healthy Paws Pet Insurance Ipet Insurance More Than Nationwide Mutual Insurance Company Petfirst Healthcare LLC Petplan Limited Petsecure Pet Health Insurance Trupanion (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

 
Table Of Contents:

1 Introduction	6
1.1 Industry Definition and Research Scope	6
1.1.1 Industry Definition	6
1.1.2 Research Scope	7
1.2 Research Methodology	10
1.2.1 Overview of Market Research Methodology	10
1.2.2 Market Assumption	11
1.2.3 Secondary Data	11
1.2.4 Primary Data	11
1.2.5 Data Filtration and Model Design	12
1.2.6 Market Size/Share Estimation	13
1.2.7 Research Limitations	14
1.3 Executive Summary	15
2 Market Overview and Dynamics	18
2.1 Market Size and Forecast	18
2.1.1 Impact of COVID-19 on World Economy	19
2.1.2 Impact of COVID-19 on the Market	21
2.2 Major Growth Drivers	23
2.3 Market Restraints and Challenges	29
2.4 Emerging Opportunities and Market Trends	32
2.5 Porter’s Fiver Forces Analysis	36
3 Segmentation of Asia Pacific Market by Insurance Type	40
3.1 Market Overview by Insurance Type	40
3.2 Accident & Illness	42
3.3 Accident Only	43
4 Segmentation of Asia Pacific Market by Policy Type	44
4.1 Market Overview by Policy Type	44
4.2 Lifetime Coverage	46
4.3 Non-Lifetime Coverage	47
5 Segmentation of Asia Pacific Market by Animal Type	48
5.1 Market Overview by Animal Type	48
5.2 Dogs	50
5.3 Cats	54
5.4 Other Animals	58
6 Segmentation of Asia Pacific Market by Provider	59
6.1 Market Overview by Provider	59
6.2 Private Insurance Providers	61
6.3 Public Insurance Providers	62
7 Segmentation of Asia Pacific Market by Distribution Channel	63
7.1 Market Overview by Distribution Channel	63
7.2 Insurance Agency	65
7.3 Bancassurance	66
7.4 Brokers	67
7.5 Direct Sales	68
8 Asia-Pacific Market 2019-2030 by Country	69
8.1 Overview of Asia-Pacific Market	69
8.2 Japan	72
8.3 China	75
8.4 Australia	77
8.5 India	79
8.6 South Korea	81
8.7 Rest of APAC Region	83
9 Competitive Landscape	85
9.1 Overview of Key Vendors	85
9.2 New Product Launch, Partnership, Investment, and M&A	88
9.3 Company Profiles	89
Agria	89
Anicom Holding	91
ASPCA	92
Bow Wow Meow	93
Embrace Pet Insurance Agency, LLC	94
Healthy Paws Pet Insurance	95
Ipet Insurance	96
More Than	97
Nationwide Mutual Insurance Company	98
Petfirst Healthcare LLC	99
Petplan Limited	100
Petsecure Pet Health Insurance	101
Trupanion	102
RELATED REPORTS	103
List Of Tables:



Table 1.  Snapshot of Asia Pacific Pet Insurance Market in Balanced Perspective, 2019-2030	16
Table 2. Growth Rate of World GDP, 2020-2022	20
Table 3. Cost Associated with Owing Pets	26
Table 4. Five-year Increase in Average Pet Insurance Rates, 2016-2021	28
Table 5.  Main Product Trends and Market Opportunities in Asia Pacific Pet Insurance Market	32
Table 6. Asia Pacific Pet Insurance Market by Insurance Type, 2019-2030, $ mn	40
Table 7. Asia Pacific Pet Insurance Market: Accident & Illness by Animal Type, 2019-2030, $ mn	42
Table 8. Asia Pacific Pet Insurance Market: Accident Only by Animal Type, 2019-2030, $ mn	43
Table 9. Asia Pacific Pet Insurance Market by Policy Type, 2019-2030, $ mn	44
Table 10. Asia Pacific Pet Insurance Market by Animal Type, 2019-2030, $ mn	48
Table 11. Asia Pacific Pet Insurance Market: Dogs by Insurance Type, 2019-2030, $ mn	50
Table 12. Monthly Premium of Dog Insurance by Breed, June 2021	51
Table 13. Average Cost of Common Treatments for Dogs, June 2021	53
Table 14. Asia Pacific Pet Insurance Market: Cats by Insurance Type, 2019-2030, $ mn	54
Table 15. Monthly Premium of Cat Insurance by Breed, June 2021	55
Table 16. Average Cost of Common Treatments for Cats, June 2021	57
Table 17. Asia Pacific Pet Insurance Market: Other Animals by Insurance Type, 2019-2030, $ mn	58
Table 18. Asia Pacific Pet Insurance Market by Provider, 2019-2030, $ mn	59
Table 19. Asia Pacific Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	63
Table 20. APAC Pet Insurance Market by Country, 2019-2030, $ mn	70
Table 21. Japan Pet Insurance Market by Insurance Type, 2019-2030, $ mn	74
Table 22. Japan Pet Insurance Market by Animal Type, 2019-2030, $ mn	74
Table 23. Japan Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	74
Table 24. China Pet Insurance Market by Insurance Type, 2019-2030, $ mn	76
Table 25. China Pet Insurance Market by Animal Type, 2019-2030, $ mn	76
Table 26. China Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	76
Table 27. Australia Pet Insurance Market by Insurance Type, 2019-2030, $ mn	78
Table 28. Australia Pet Insurance Market by Animal Type, 2019-2030, $ mn	78
Table 29. Australia Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	78
Table 30. India Pet Insurance Market by Insurance Type, 2019-2030, $ mn	80
Table 31. India Pet Insurance Market by Animal Type, 2019-2030, $ mn	80
Table 32. India Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	80
Table 33. South Korea Pet Insurance Market by Insurance Type, 2019-2030, $ mn	82
Table 34. South Korea Pet Insurance Market by Animal Type, 2019-2030, $ mn	82
Table 35. South Korea Pet Insurance Market by Distribution Channel, 2019-2030, $ mn	82
Table 36. Pet Insurance Market in Rest of APAC by Country/Region, 2019-2030, $ mn	84
Table 37. Agria: Company Snapshot	89
Table 38. Agria: Business Segmentation	89
Table 39. Agria: Product Portfolio	90
Table 40. Agria: Revenue, 2018-2020, $ mn	90
List Of Figures:



Figure 1. Research Method Flow Chart	10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation	13
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030	15
Figure 4. Asia Pacific Pet Insurance Market, 2019-2030, $ mn	18
Figure 5. Impact of COVID-19 on Business	21
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Pet Insurance Market	23
Figure 7. Average Monthly Cost of Pet Insurance for Dogs and Cats, June 2021	27
Figure 8. Primary Restraints and Impact Factors of Asia Pacific Pet Insurance Market	29
Figure 9. Investment Opportunity Analysis	33
Figure 10. Porter’s Fiver Forces Analysis of Asia Pacific Pet Insurance Market	36
Figure 11. Breakdown of Asia Pacific Pet Insurance Market by Insurance Type, 2019-2030, % of Revenue	41
Figure 12. Asia Pacific Addressable Market Cap in 2021-2030 by Insurance Type, Value ($ mn) and Share (%)	41
Figure 13. Asia Pacific Pet Insurance Market: Accident & Illness, 2019-2030, $ mn	42
Figure 14. Asia Pacific Pet Insurance Market: Accident Only, 2019-2030, $ mn	43
Figure 15. Breakdown of Asia Pacific Pet Insurance Market by Policy Type, 2019-2030, % of Sales Revenue	45
Figure 16. Asia Pacific Addressable Market Cap in 2021-2030 by Policy Type, Value ($ mn) and Share (%)	45
Figure 17. Asia Pacific Pet Insurance Market: Lifetime Coverage, 2019-2030, $ mn	46
Figure 18. Asia Pacific Pet Insurance Market: Non-Lifetime Coverage, 2019-2030, $ mn	47
Figure 19. Breakdown of Asia Pacific Pet Insurance Market by Animal Type, 2019-2030, % of Sales Revenue	49
Figure 20. Asia Pacific Addressable Market Cap in 2021-2030 by Animal Type, Value ($ mn) and Share (%)	49
Figure 21. Asia Pacific Pet Insurance Market: Dogs, 2019-2030, $ mn	50
Figure 22. Monthly Premium of Pet Insurance for Dogs, June 2021	51
Figure 23. Cost of Five Most Common Conditions for Dogs, June 2021	52
Figure 24. Asia Pacific Pet Insurance Market: Cats, 2019-2030, $ mn	54
Figure 25. Monthly Premium of Pet Insurance for Cats, June 2021	55
Figure 26. Cost of Five Most Common Conditions for Cats, June 2021	56
Figure 27. Asia Pacific Pet Insurance Market: Other Animals, 2019-2030, $ mn	58
Figure 28. Breakdown of Asia Pacific Pet Insurance Market by Provider, 2019-2030, % of Revenue	60
Figure 29. Asia Pacific Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%)	60
Figure 30. Asia Pacific Pet Insurance Market: Private Insurance Providers, 2019-2030, $ mn	61
Figure 31. Asia Pacific Pet Insurance Market: Public Insurance Providers, 2019-2030, $ mn	62
Figure 32. Breakdown of Asia Pacific Pet Insurance Market by Distribution Channel, 2019-2030, % of Revenue	64
Figure 33. Asia Pacific Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)	64
Figure 34. Asia Pacific Pet Insurance Market: Insurance Agency, 2019-2030, $ mn	65
Figure 35. Asia Pacific Pet Insurance Market: Bancassurance, 2019-2030, $ mn	66
Figure 36. Asia Pacific Pet Insurance Market: Brokers, 2019-2030, $ mn	67
Figure 37. Asia Pacific Pet Insurance Market: Direct Sales, 2019-2030, $ mn	68
Figure 38. Breakdown of APAC Pet Insurance Market by Country, 2019 and 2030, % of Revenue	70
Figure 39. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)	71
Figure 40.  Pet Insurance Market in Japan, 2019-2030, $ mn	73
Figure 41.  Pet Insurance Market in China, 2019-2030, $ mn	75
Figure 42.  Pet Insurance Market in Australia, 2019-2030, $ mn	77
Figure 43.  Pet Insurance Market in India, 2019-2030, $ mn	79
Figure 44.  Pet Insurance Market in South Korea, 2019-2030, $ mn	81
Figure 45.  Pet Insurance Market in Rest of APAC, 2019-2030, $ mn	83
Figure 46. Growth Stage of Asia Pacific Pet Insurance Industry over the Forecast Period	85
Key Players (this may not be a complete list and extra companies can be added upon request): 
Agria
Anicom Holding
ASPCA
Bow Wow Meow
Embrace Pet Insurance Agency, LLC
Healthy Paws Pet Insurance
Ipet Insurance
More Than
Nationwide Mutual Insurance Company
Petfirst Healthcare LLC
Petplan Limited
Petsecure Pet Health Insurance
Trupanion
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)