Navigation Links
North America Primed for Pet Insurance Market Expansion and Expecting $1.1 Billion by 2012
Date:4/10/2008

NEW YORK, April 10 /PRNewswire/ -- A new report from Packaged Facts, Pet Insurance in North America, expects North Americans will take an increasingly strong interest in pet insurance during the next five years, placing sales as high as $1.1 billion in 2012. This forecast is consistent with soaring revenues in the overall pet market due to affluent households and their willingness to spend more on the health and wellness of their beloved furry family members. A conservative estimate indicates revenues of pet insurance were at $248 million in 2007, up 21% from $205 million in 2006.

North America is primed for expansion in the pet insurance market. For the first time insurance plans are being sold under nationally known pet care brands, including PurinaCare and the American Kennel Club. Helping to drive further interest and awareness, companies are targeting consumers through new distribution channels, such as, direct-to-consumer, veterinarian offices, pet care service providers, supermarkets and insurance agencies.

"Many new companies have entered the market over the past three years and it's a sure bet that more well-funded companies will jump on-board in the coming year. Each company has its own version of pet insurance products, ranging from highly customizable plans to greatly simplified ones for a mass market," notes Tatjana Meerman, Publisher of Packaged Facts. "In the pet insurance spotlight are pet market companies and brands-including PurinaCare, AKC, ASPCA -- as well as dedicated pet insurance underwriters such as American Pet Insurance Company and SecuriCan, and following in the footsteps of providing consumer finance services, Kroger."

Pet Insurance in North America, 3rd Edition evaluates new companies entering the arena, charts historical sales and projections through 2012, takes a close-up look at established players as well as entrepreneurial upstarts and notes the consumer trends behind the numbers. For further information on this report from Packaged Facts visit: http://www.packagedfacts.com/Pet-Insurance-1391937/

About Packaged Facts

Packaged Facts publishes market intelligence on a wide range of consumer industries, including consumer goods and retailing, foods and beverages, demographics, pet, and financial products. Packaged Facts also offers a full range of custom research services. For more information visit http://www.packagedfacts.com, or contact Jenn Tekin at 240-747-3015 or jtekin@marketresearch.com.

Contact:

Jenn Tekin

MarketResearch.com

240-747-3015

jtekin@marketresearch.com


'/>"/>
SOURCE Packaged Facts
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. North County Caregivers Join United Healthcare Workers
2. North Carolina Dental Services Chain Pays $10 Million to Resolve False Claims Allegations
3. Northwest Hospital & Medical Center Earns Distinguished Hospital Award for Patient Safety
4. Northwestern Memorial Successfully Completes Rare Four-Way Domino Paired Kidney Exchange Transplant Surgery
5. William F. Northrup, III, M.D. Joins CryoLife as Vice President of Medical Relations and Education
6. Medical Futures signs North American licensing rights to New Biologic agent for Ulcerative Colitis
7. Europes Leading Premium Appliance Brand Taps Americas Most Stylish, Multi-Tasking Mom to Launch New Appliance Line in North America
8. Gregory A. Adams Named Northern California Region President of Kaiser Foundation Health Plan and Hospitals
9. Senetek PLC Announces North American Partner for Invicorp(R) Secures Financing for Advancement of Marketing and Development Efforts
10. North American Insurance Leaders, Inc. Announces Results of the Annual Meeting of Stockholders
11. North American Insurance Leaders, Inc. Receives an Estimate of Deep South 2007 Governing EBITDA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping ... fitness app. The fitness app plans to fix the two major problems leading the fitness ... size fits all type program , They don’t eliminate all the reasons people ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... "With 30 ... their specific project," said Christina Austin - CEO of Pixel Film Studios. , ... and all within Final Cut Pro X . Simply select a ProHand generator ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... Conventional wisdom ... of success. In terms of the latter, setting the bar too high can result ... more than just slow progress toward their goal. , Research from PsychTests.com ...
(Date:6/24/2016)... ... 2016 , ... The Pulmonary Hypertension Association (PHA) learned during ... two significant new grants to support its work to advance research and patient ... recognizing patients, medical professionals and scientists for their work in fighting pulmonary hypertension ...
(Date:6/24/2016)... ... 2016 , ... People across the U.S. are sharpening their pencils and honing ... contest in which patients and their families pay tribute to a genetic counselor by ... Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , In ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... CLEMENTE, Calif. , June 24, 2016  American Respiratory Labs ... company, is now able to perform sophisticated lung assessments in patients, ... Technologies , Inc. Patients are no longer limited ... ndd,s EasyOne PRO ® , ARL patients like Jeanne R. of ... done in the comfort of her own home. ...
(Date:6/24/2016)... June 24, 2016  Arkis BioSciences, a leading ... and more durable cerebrospinal fluid treatments, today announced ... Series-A funding is led by Innova Memphis, followed ... other private investors.  Arkis, new financing will accelerate ... the market release of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... , June 23, 2016  In a startling report released today, ... their residents by lacking a comprehensive, proven plan to eliminate prescription ... definitive ranking of how states are tackling the worst drug crisis ... four states – Kentucky , New ... Vermont . Of the 28 failing states, three – ...
Breaking Medicine Technology: