Increasing companion animal population, adoption of advance technology and rising animal health concerns had driven UK Pet Insurance Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Focus On Growing Awareness and Increasing Companion Animal Population Are Major Factor Contributing Towards Development of Construction Chemical Market in UK. Increasing Companion Animal Population: The major reason for the growth in pet insurance market is because of the increase in companion animal population. The reason behind this is the increase in the prevalence of mental illnesses in humans such as clinical depression, anxiety-related issues, personality disorder, and psychotic disorder and one of the popular treatments for mental illness is animal-assisted therapy, as animals can provide patients with emotional support. Increasing use of Technology: Telehealth adoption has rapidly increased during the pandemic because people were avoiding in-person veterinary examinations due fear of spreading the virus. Furthermore, technologies like smart monitoring can monitor pets’ behavior, analyze it and help owners to make the proper adjustments. Thus, IOT pet tracking devices can also help insurers observe pets eating habits, activity levels and movement around house. Pet insurers are also increasingly utilizing innovative technology to offer activity tracking for pets. For instance, Whistle’s and Pit Pat’s pet use tracker devices to provide services such as health monitoring, fitness tracking, location alerts, and diet suggestions. Rising Animal Health Concerns: As the pet population is increasing in UK, so the health-related concern of pet is also increasing. Nowadays pets are suffering from lots of diseases like liver disease, arthritis and gall bladder disorder etc. and the costs of vets is very high. For avoiding these types of extra expenditure pet owners are stared to taking pet insurance cover for their pet life which is making pet insurance more popular in UK. Furthermore, for the prevention of obesity people are making their animals to participate in sports such as horse racing which also increases the probability of pet injuries and accidents, further boosting the pet insurance market. By watching this trend, the pet insurance companies have also started covering sophisticated medical care for pets like heart surgery, joint replacement, and chemotherapy which has also become a major reason for the growth in UK pet insurance market. Analysts at Ken Research in their latest publication “UK Pet Insurance Market Outlook to 2027F – Driven by Rising Companion Animal, High veterinary costs and Technology advancement” by Ken Research observed that UK Pet Insurance market is in the growing phase, growing at CAGR of 5.3% between 2017-2022P owning to the increasing companion animal population, adoption of advance technology, rising animal health concerns, high veterinary cost and growing At-home diagnostic. It is expected that UK Pet Insurance market will continue to grow, at a CAGR of 4.8% for the 2022P-2027F forecasted period. To learn more about this report Download A Free Sample Key Segments Covered UK Pet Insurance Market: By Product Type, 2022P & 2027F: Life Insurance Non-Life Insurance By Insurance Type, 2022P & 2027F: Cover for Life Maximum Benefit Accident Only (12 months) By Mode of Distribution, 2022P & 2027F: Direct (Online) Others (Broker, Agency, Advertisements etc.) By Age of Animals, 2022p & 2027F: Below 6 6 and Above By Type of Animal (Premium collected), 2022P & 2027F: Dog Cat Others (Rabbit, Horses, Reptile, Birds.) By Number of Animals, 2022P & 2027F: Dog Cat Others (Rabbit and other Exotic pets.) Key Target Audience Private Insurance Providers Public Insurance Providers Insurance Agency Bancassurance Brokers Direct Sales Related Government Agencies New Entrants Time Period Captured in the Report: Historical Period: 2017-2022P Base Year: 2022P Forecast Period: 2022P – 2027F Visit this Link Request for a custom report Companies Covered: Petplan Direct line More th>n Agria Many Pets Key Topics Covered in the Report: Country Overview of UK UK Pet Insurance Market Overview Business Cycle and Genesis of UK Pet Insurance Market Ecosystem of UK Pet Insurance Market End-to-end process of UK Pet Insurance UK Pet Insurance Market Size, 2017-2027F Market Segmentation of UK Pet Insurance Market Industry Analysis of UK Pet Insurance Market SWOT Analysis of UK Pet Insurance Market Porter’s Five Forces Analysis Growth Drivers of UK Pet Insurance Market Challenges in the UK Pet Insurance Market Trends and Developments in UK Pet Insurance Market Impact of Covid in UK Pet Insurance Market End User Analysis Cross Comparison of Major Players in UK Pet Insurance Market (Inception, Ownership, Presence, Headquarter, Number of Employees, No. of Subscribers, Awards & Certificates, Partners, Parent Company, Market Share, Claims Processed, Technology, Future plans, Recent Development, strategic initiatives) Future Outlook of UK Pet Insurance Market Analyst Recommendation For more insights on the market intelligence, refer to the link below: – Future Outlook of UK Pet Insurance Market Related Reports by Ken Research: – Spain Pet Insurance Market Outlook to 2027F Sweden Pet Insurance Market Outlook 2027F Tags: Agria Pet Insurance Market, Animals Insurance in UK, Competitors in UK pet insurance market, Demand for Pet Insurance in UK, Direct line Pet Insurance Market Share, Emerging Companies in UK Pet Insurance Market, Growth Opportunities in Pet Care industry in UK, Largest pet insurance company in UK, Leading Players in UK Pet Insurance Market, Major Players in UK Pet Insurance Market, Many Pets Pet Insurance Market, More Than Pet Insurance Market, Number of pet adoption in Insurance, Number of Pet Insurance Sale in UK, Number of pet insured in UK, Pet Care industry in UK, Pet Dogs and Cats in UK, Pet Insurance Coverage in UK, Pet Insurance Distributors in UK, Petplan Pet Insurance Market Revenue, Sales of Pet Insurance in UK, Top Pet Insurance Companies in UK, UK Cat Insurance Market, UK Dogs Insurance Market, UK Pet health insurance market, UK Pet Insurance Industry, Uk Pet Insurance Market, UK Pet Insurance Sector