Europe Genericization | Pet Insurance Penetration | USA
📸1: Total Insured Pets (U.S.) 2020 to 2024
📸2: Viyash - Pet Insurance in Europe & Genericization
For companion animals - Last 3, 4 years post COVID, pets are growing day by day, okay? Pets is like kids. So, every country is growing. I was surprised to see, in U.S.; there were 9.4 crores dogs and 9.2 crores cats. So that together, 18.6 crores, that means each family is having at least one. And Europe is growing every day. Surprisingly, cats are growing much faster than dogs
Europe Pet Insurance - Unlike human health insurance coverage is not full. It's covered by 25%. We visited all distribution centers and hospitals, everything. So, insurance covered is by only 15%. So, the volume is growing, it's naturally it has to convert into generic. That's where we see the bigger opportunity.