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Research details developments in the Pet Insurance Market future scenario by 202

Gminsights has announced the addition of the u201cPet Insurance Market - By Component, By Technology, By Application & Global Region - Market Size, Trends, Share & Forecast 2021-2027u201dreport to their offering.

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Research details developments in the Pet Insurance Market future scenario by 202

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  1. Research details developments in the Pet Insurance Market future scenario by 2027 Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network Nitrogen Trifluoride (NF3) Market Nitrogen Trifluoride (NF3) Market © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Overview of Pet Insurance Market Growing urbanization and industrialization around the world has increased the number of road accidents considerably. As per the Association for Safe International Road Travel (ASIRT) statistics, every year, nearly 1.3 million people die due to road accidents and around 20-30 million individuals get injured or disabled. These daunting numbers have evoked the adoption of trauma fixation procedures which is anticipated to propel Pet Insurance market growth over the forthcoming years. Factors like growing geriatric population who are vulnerable to hip fractures coupled with rising prevalence of degenerative bone diseases like osteoporosis and arthritis are also likely to support the adoption of bone fixation devices further. According to Global Market Insights Inc., Pet Insurance market size is estimated to surpass USD 6.9 Billion by 2021, given the prominence of below mentioned trends: Request for a sample copy of this report @ https://bit.ly/37aep96 Novel product development initiatives by industry players Considering the increasing product demand, major players operating in Pet Insurance industry are focusing on new product development to effectively serve growing consumer demand. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue… For instance, in 2021, Orthofix Medical Inc. a renowned medical device company focusing on spine and extremities, announced the launch of its intramedullary lengthening system FITBONE® in European and the U.S. markets. According to the company, this product has been designed for limb lengthening and correction of deformity in femur and tibia bones. Such initiatives are expected to open new growth opportunities for the industry in the years to come. Browse key industry insights spread across 327 pages with 612 market data tables & 28 figures & charts from the report, “Pet Insurance Market Size By Policy Coverage (Accident Only, Accident & Illness), By Animal (Cat, Dog), By Provider (Public Private), Industry Growth Report, Regional Outlook, COVID-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/pet-insurance-market Burgeoning demand for internal fixators Rising popularity of internal fixating devices is credited to their superior features including flexibility, durability, stability, better bone fixation and cost-effectiveness. These fixators offer necessary support to the bones and help in rapid recovery from medical conditions. They also help in reducing the duration of hospital stays by enhancing the bone healing process. Taking the advantages offered by these devices into consideration, internal fixators segment is expected to grow substantially over coming years. In 2021, the segment had secured a significant market share by recording a valuation of around USD 6.9 billion. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. For instance, in 2021, Orthofix Medical Inc. a renowned medical device company focusing on spine and extremities, announced the launch of its intramedullary lengthening system FITBONE® in European and the U.S. markets. According to the company, this product has been designed for limb lengthening and correction of deformity in femur and tibia bones. Such initiatives are expected to open new growth opportunities for the industry in the years to come. Browse key industry insights spread across 327 pages with 612 market data tables & 28 figures & charts from the report, “Pet Insurance Market Size By Policy Coverage (Accident Only, Accident & Illness), By Animal (Cat, Dog), By Provider (Public Private), Industry Growth Report, Regional Outlook, COVID-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/pet-insurance-market Burgeoning demand for internal fixators Rising popularity of internal fixating devices is credited to their superior features including flexibility, durability, stability, better bone fixation and cost-effectiveness. These fixators offer necessary support to the bones and help in rapid recovery from medical conditions. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Continue… They also help in reducing the duration of hospital stays by enhancing the bone healing process. Taking the advantages offered by these devices into consideration, internal fixators segment is expected to grow substantially over coming years. In 2021, the segment had secured a significant market share by recording a valuation of around USD 6.9 billion. Heightened adoption of stainless steel for internal fixation implants Stainless steel is one of the most widely used biomaterials for internal fixation implants owing to its excellent features like resistance to corrosion and cost-effectiveness as compared to other biomaterials. Countries with lower income largely prefer the usage of stainless steel primarily due to its cost-effectiveness, tensile properties and biocompatibility which is augmenting the growth of stainless-steel segment. Reportedly, in 2018, the segment had accounted for the largest market share of 54%. Rising incidences of disorders related to upper extremities Significant rise in the incidences of sports-related injuries and other orthopedic disorders is propelling the demand for Pet Insurance for upper extremities. In addition, increase in baby boom generation across the world who are prone to injuries is driving the product demand further, positively influencing the business space. According to the report, upper extremities segment across Pet Insurance market is expected to register a robust CAGR of 7.7% through 2027. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Continue… Mounting preference for hospitals among patients Enhanced infrastructure for providing improved and advanced trauma fixation procedures in hospitals has increased the preference for these healthcare settings among patients. In addition, availability of cost-effective treatments at several government hospitals across developing countries is increasing the inclination for patients further. Apart from these factors, increasing cases of sports related injuries and rise in number of road accidents are impelling the demand for Pet Insurance in hospitals. This is driving the growth of hospital segment across Pet Insurance industry. For the records, in 2021, the segment had recorded a notable valuation of USD 6.9 billion. Increasing prevalence of bone related diseases in the U.S. Increasing pervasiveness of numerous medical conditions in the U.S. such as osteoporosis and other bone related disorders is fostering the adoption of Pet Insurance in the country. According to a report by the National Osteoporosis Foundation, in 2014, around 6.9 million residents in the U.S. suffered from osteoporosis and over 43.4 million people had low bone mass. These factors have increased the adoption of Pet Insurance in the country. According to the report, Pet Insurance market in the U.S. had secured a sizeable share in 2021 by registering an appreciable valuation of around 6.9 billion. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Continue… Growing healthcare expenditure in India India provides lucrative growth opportunities for trauma fixation industry on account of growing awareness among the population about health and internal Pet Insurance, increasing healthcare expenditure and higher proclivity for minimally invasive procedures. Besides, rising elderly population in the country who are susceptible to various disorders is also a prominent factor fueling the product demand. Considering the elevating product demand in the country, Pet Insurance market in India is estimated to observe a substantial CAGR of 7.7% through 2027. Notable participants in the Pet Insurance Market include: Few of the notable companies operating in the market are Notable key companies operating in the market are Health for Pet, Nationwide, Trupanion, Petfirst, Pethealth, Embrace Pet Insurance Agency, Crum & Forster, and Petplan. These market leaders are undertaking several growth strategies such as collaboration, partnership, merger and acquisitions to gain competitive edge and broaden their industry presence. These industry participants implemented various strategies such as mergers and acquisitions, collaborations, new product launch, etc. in order to capture high revenue share. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Continue… Chapter 1 Methodology 1.1 Methodology 1.2 Base estimates 1.2.1 North America 1.2.2 Europe 1.2.3 Asia Pacific 1.2.4 Latin America 1.2.5 MEA 1.3 Forecast calculations 1.4 Data validation © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  9. Continue… 1.5 Data Sources 1.5.1 Secondary 1.5.1.1 Paid sources 1.5.1.2 Unpaid sources 1.5.2 Primary Chapter 2 Executive Summary 2.1 Pet insurance industry 360° synopsis, 2016 - 2027 2.1.1 Business trends 2.1.2 Policy coverage trends 2.1.3 Animal trends 2.1.4 Provider trends 2.1.5 Regional trends © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  10. Continue… Chapter 3 Pet Insurance Industry Insights 3.1 Industry segmentation 3.2 Industry landscape, 2016 - 2027 3.3 Industry impact forces 3.3.1 Growth drivers 3.3.1.1 Increasing number of pet adoption 3.3.1.2 Increasing awareness about pet insurance policies in North America 3.3.1.3 Rising veterinary service cost 3.3.1.4 Companies offering innovative pet insurance coverage 3.3.2 Industry pitfalls & challenges 3.3.2.1 Lack of standardized pet health codes for reimbursement © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  11. Continue… 3.3.2.2 Lack of awareness about the pet insurance in Asia Pacific region 3.4 Growth potential analysis 3.4.1 By Policy coverage 3.4.2 By animal 3.4.3 By provider 3.5 Porter’s analysis 3.6 Pricing analysis of top 10 insurers, by animals 3.6.1 Cost by popular cat breed 3.6.2 Cost by popular dog breed 3.7 Common condition/illness 3.7.1 Cats © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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