Norway Pet Insurance Market Size & Outlook, 2023-2030
Norway pet insurance market, 2018-2030 (US$M)
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Norway pet insurance market highlights
- The Norway pet insurance market generated a revenue of USD 41.9 million in 2023 and is expected to reach USD 119.2 million by 2030.
- The Norway market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, accident & illness was the largest revenue generating coverage type in 2023.
- Accident & Illness is the most lucrative coverage type segment registering the fastest growth during the forecast period.
Pet insurance market data book summary
| Market revenue in 2023 | USD 41.9 million |
| Market revenue in 2030 | USD 119.2 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident only |
| Key market players worldwide | Trupanion Inc, Allianz SE, Direct Line Insurance Group PLC, MetLife Inc, Deutsche Familienversicherung, Anicom, Animal Friends Insurance, Figo Pet Insurance, Nationwide Mutual Insurance, Embrace Pet Insurance, Ipet Insurance, Pumpkin Insurance Services |
Other key industry trends
- In terms of revenue, Norway accounted for 0.4% of the global pet insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France pet insurance market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 984.1 million by 2030.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway pet insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet insurance market will help companies and investors design strategic landscapes.
Accident & illness was the largest segment with a revenue share of 85.68% in 2023. Horizon Databook has segmented the Norway pet insurance market based on accident & illness, accident only covering the revenue growth of each sub-segment from 2018 to 2030.
Norway pet insurance market growth is similar to Sweden market. High companion animal population and rise in awareness about animal health are factors driving the market. Some of the local companies are Skadeforsikring NUF and DNB ASA.
The country does not have strict laws compared to Sweden. Animal Welfare Act 2001 is the only Act responsible for animal welfare in the country. Swedish companies, such as First Vet, planning to expand their business in the country are expected to create new opportunities in this pet service market.
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Target buyers of Norway pet insurance market databook
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Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway pet insurance market , including forecasts for subscribers. This country databook contains high-level insights into Norway pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway pet insurance market size, by coverage type, 2018-2030 (US$M)
Norway Pet Insurance Market Outlook Share, 2023 & 2030 (US$M)
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