El informe del estudio de mercado de Informes de Expertos titulado, ‘El Mercado de Seguros de Mascotas en América Latina, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como cobertura de política, tipo de animal, canal de venta y las regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.
The market study report by Informes de Expertos titled, ‘Latin America Pet Insurance Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as policy coverage, type of animal, sales channel, and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 4,80%
Se estima que el mercado latinoamericano de seguros para mascotas registró un valor medio de 272 millones de dólares en 2022. Asimismo, se prevé que el mercado objetivo crezca a una fuerte tasa compuesta de crecimiento anual durante el período de pronóstico 2023-2028 impulsado por la tendencia de humanización de las mascotas. Este cambio en las perspectivas del mercado ha sido provocado por los patrones de demanda de los consumidores y los canales de valor de suministro de los fabricantes.
Además, los principales actores del mercado objetivo están desarrollando productos e innovando los lanzamientos según la demanda del mercado para lograr la máxima satisfacción del cliente. En conjunto, factores como la creciente necesidad de seguridad financiera de los servicios veterinarios inmediatos y la exigencia de tratamiento veterinario avanzado están impulsando el mercado de seguros de mascotas en la región objetivo en el período previsto.
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Industry Definition and Major Segments
Pet insurance is an apparatus that enables the owner to afford pricey veterinarian treatments, procedures, and veterinary medications and services that are growing more and more expensive. To pay for veterinarian care for pets, when necessary, pet owners obtain pet insurance. The cost of medical care for disease or injury, pet death, and theft are all covered by pet insurance coverage.
By policy coverage, the market is broadly divided into:
• Accident Only
• Accident and Sickness
• Other
Segmentation by type of animal includes:
• Dogs
• Cats
• Others
On the basis of sales channels, the industry is fragmented into:
• Agency
• Broker
• Bancassurance
• Other
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Others
Market Trends
With the augmented requisition for pet services and regular health check-ups, veterinary services and treatments are getting expensive, thus surging consumers to opt for pet insurance for immediate treatment in case of emergencies. These pet insurances provide financial aid to pet owners in times of emergencies and are increasing with the growing number of veterinary centres in the Latin America region. In context to countries such as Argentina and Brazil, which are adopting the animal companionship role openhandedly, the estimations of sturdy growth in the market share of pet insurance are also predictable.
Moreover, the trend of pet humanisation and the launch of new pet-friendly services and products have familiarised pet owners and regional governments with the need for insurance policies for pet grooming. Leading to which, the companies like Metropolitan Life Seguros e Previdência Privada SA in Brazil are changing the market outlook of pet insurance by providing chronic care coverage and annual benefit amount options to pet owners and other policy customisation options in the Latin American region.
Key Market Players
The major players in the market are:
• Metropolitan Life Seguros e Previdência Privada SA
• WOOW
• S.A.P.I. de C.V.
• SEGURO DE PERRO
• West Coast Real Estate & Insurance, Inc.
• IKÉ ASISTENCIA ARGENTINA S.A.
• Others
This report covers their profiles and provides information on expansions, investments, and mergers and acquisitions, among other latest industry developments.
About Us:
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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