Pet Insurance in the US - Industry Market Research Report

On Four Legs: the Rising Number of Pets Will Boost Industry Revenue Growth

Rapidly increasing consumer awareness and acceptance of industry offerings has benefited the Pet Insurance industry. In the past five years, industry revenue has been growing at an average annualized 16.5% to $3.2 billion, including an estimated 8.9% drop in 2023 alone, when profit margins will grow to an estimated 7.7%.

This industry underwrites insurance policies for pets and pays veterinary costs related to illness or injury.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.