The global market report on pet insurance assesses the demand, market size and future status of the pet insurance industry for the period ranging from 2018 to 2028. The report considers 2018 as historical year, 2019, as the base year of estimation and 2020 to 2028 as the forecast period. This market for the purpose of assessment, is segmented on the basis of policy types, end users, and regions. This report also analyzes the global pet insurance industry on parameters such as PEST factors, and other qualitative parameters such as market drivers, restraints and opportunities. The overall prevalence of market competition is performed through Porter’s five forces analysis. Furthermore, the report also provides an in-depth analysis of the competitive landscape by profiling the major market players.
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Increasing count of pet adoption along with rising awareness about pet insurance and other financial technologies are the prime factors driving the demand for pet insurance. As per the American Society for the Prevention of Cruelty to Animals, each year around 6.5 million companion animals in the US are eventually moved to animal shelters. Of these, 3.3 million are dogs and 3.2 million are cats: the most common pet species. Of these moved pets, 3.2 million animals get adopted. 95% of Americans consider pets as a part of their family, and approximately 85 million American households own a pet. As per the Humane Society of the United States, even the undeserved communities with lack of affordable, accessible pet care facilities, own pets. Such consistent growth in pet ownership and awareness about high cost of veterinary healthcare supports the uptake of pet insurance coverage.
The North American Pet Health Insurance Association reports that the growth rate of pets insured in the US since 2015 is 15.8% and by the end of 2019, approximately 2.82 million pets were insured. Dogs hold the largest share in the pet insurance market at an 83% share, followed by cats.
Furthermore, the considerable growth in pet populations also increases the need for veterinary healthcare. Healthcare services for animals are becoming increasingly expensive and require skilled expertise from technicians, doctors and others. The American Pet Products Association report of 2018 mentions that Americans spent USD 72.56 billion for pet care, and increment of USD 3 billion over 2017. High cost of veterinary healthcare puts a prominent financial strain on pet owners, which potentially leads to pet abandonment. This has therefore led to increased demand for pet insurance to ensure efficient affordable pet treatment, thus propelling the market expansion.
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Pet insurance market is still in a nascent stage in several parts of the world. Furthermore, certain regions only have a limited players. Considering the current scenario, it is expected that the more players shall be entering this market within the forecast period. Along with this, more regulations and revisions in insurance guidelines shall be introduced in the market in the coming years.
Based on the type of insurance policy, the global pet insurance market is segmented into lifetime and non-lifetime insurances. These segments are further categorized into accident and illness cover, and illness cover. Between lifetime and non-lifetime policies, lifetime policies capture larger market share. Non-lifetime policies due to their limited cover, have lesser outreach. However, the demand for such policies shall remain consistent for contingent situations or add-ons. Introduction of more covers such as for critical illnesses for pets may provide a boost to this segment.
Geographically, Europe is the largest regional market for pet insurance, followed by North America. The outreach of pet insurance in other parts of the world is still limited, due to overall lack of awareness. However, with advancement in fintech sector and growing disposable incomes, regions such as Asia Pacific and Latin America shall be the fastest growing regional markets for pet insurance. Some of the most prominent players in the global pet insurance market are Anicom Holdings, Embrace Pet insurance Agency, Figo Pet Insurance, Crum & Forster Pet Insurance Group, Health for Pet, Hollard, Nationwide, PetFirst Healthcare, Pethealth, Petplan, Trupanion, Agria Pet Insurance, and RACQ among others.
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Key segments of the global pet insurance market
Policy Type Overview, 2015-2025 (USD Million)
Lifetime Cover
Accident & Illness Cover
Accident Cover
Non-lifetime Cover
Accident & Illness Cover
Accident Cover
End User Overview, 2015-2025 (USD Million)
Dog
Cat
Horse
Exotic Pets
Others
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific (APAC)
China
India
Rest of APAC
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
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The global high-performance composites market size is anticipated to reach $42.18 billion by 2026, growing at a CAGR of 7.3% during the forecast period, according to a report published by Polaris Market Research.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/high-performance-composites-market/request-for-sample The market is also subjected to some restraints including comparatively high production cost and labour-intensive operations.
These restraints are anticipated to substantially affect the market in terms of volume especially during price sensitivity.
High-performance composites are extensively used in the automobile sector, which is significantly a major goal for the carbon-fibre industry, however, the use of these composites in the production of motor vehicles has just reached an optimum level.
Aerospace industry has also been witnessed to be one of the most developed application segments for the market.
Commercial aerospace applications are the largest consumption sources for these products.
New York, NY 19 May 2021: The global high-performance composites market size is anticipated to reach $42.18 billion by 2026, growing at a CAGR of 7.3% during the forecast period, according to a report published by Polaris Market Research.
The market is also subjected to some restraints including comparatively high production cost and labour-intensive operations.
These restraints are anticipated to substantially affect the market in terms of volume especially during price sensitivity.
High-performance composites are extensively used in the automobile sector, which is significantly a major goal for the carbon-fibre industry, however, the use of these composites in the production of motor vehicles has just reached an optimum level.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/high-performance-composites-market/request-for-sample Aerospace industry has also been witnessed to be one of the most developed application segments for the market.
Commercial aerospace applications are the largest consumption sources for these products.
Alagille Syndrome Market AnalysisMarket Research Future predicts a considerable growth of the global alagille syndrome market, expected to register a notable CAGR over the forecast period of 2018-2023.Liver damage resulting due to abnormalities in the bile duct is called alagille syndrome.
It is a genetic disorder.The surge in occurrence of genetic disorders, the increase in number of cases of alagille syndrome, and the increase in healthcare expenditure are factors that are anticipated to fuel the global alagille market growth.However, the lack of awareness about alagille syndrome can impede the expansion of its market.
Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/6324Alagille Syndrome Market Segmental OverviewThe alagille syndrome market study has been segmented based on symptom, diagnosis, end-user, and treatment.Based on the symptom, the alagille syndrome market has been segmented into neurologic problems, liver problems, nutrition problems, heart problems, distinctive facial features, and others.Based on the treatment, the alagille syndrome market has been segmented into kidney surgery, liver transplantation, biliary diversion procedures, heart surgery, medication, vitamin supplements, and others.
The medication segment has been further classified into cholestyramine, naltrexone, ursodeoxycholic acid, anti-histamine, and rifampin.Based on the diagnosis, the alagille syndrome market has been segmented into prenatal DNA testing, urinalysis, cardiology exam, X-ray imaging, slit-lamp exam, blood test, liver biopsy, genetic testing, and others.Based on the end-user, the alagille syndrome market has been segmented into diagnostic centers, hospitals and clinics, and others.Alagille Syndrome Market Regional StudyThe geographic study of the alagille syndrome market gives a comprehensive understanding of its demographic progress.
By region, the alagille syndrome market forecast has been segmented into North America, South America, Asia Pacific, Europe, and the Middle East Asia and Africa.The rise in prevalence of rare genetic disorder and the growing awareness of such disorders among people, backed by enhanced treatment owing to technical developments, in North and South America, are identified as the regional market drivers.
The availability of funds for research and developmental activities, the increase in prevalence of liver disorders and the surge in healthcare expenditure are factors contributing to the European alagille syndrome market growth.The Asia Pacific alagille syndrome market is envisaged to garner a substantial CAGR over the evaluation period.
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Japan Intravenous Immunoglobulin for Myasthenia Gravis Market Size, Trends, Opportunity and Forecast to 2024” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years.
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Overview:Titanium Metal Market is taking long strides ahead with several sectors boosting its pace.
It has corrosion-resistance, durability, and extraordinary strength but lightweight, which opened doors for its percolation into several associated sectors.
Its strength-to-density ratio is the highest among the metallic elements.Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/7482 The titanium metal market is going to get backups from several factors that would help the progress in the coming years.
But its prolific use in the electronic sector can steer the titanium market out of any long-time sluggishness.Segmental Analysis:To get a comprehensive hold over the titanium metal market, MRFR segmented it by type and application.
Growing demand from aerospace, electronics, power generation, petroleum, and chemical processing sectors are reasons owing to which the industrial grade segment secured 49% of the global titanium metal market in 2017.
The region has almost 41% of the global market under its control, and it is gaining significant traction from major industries aerospace, medical, construction, and chemicals.
