Pet Disability Insurance Market Report 2025

The pet disability insurance market size has grown rapidly in recent years. It will grow from $3.81 billion in 2024 to $4.43 billion in 2025 at a compound annual growth rate (CAGR) of 16.2%. The growth during the historic period can be attributed to the rising demand for comprehensive pet care, the growing impact of pet wellness campaigns, the increased availability of tailored insurance plans, the expanding population of companion animals, and a stronger emphasis on long-term pet health management.

The pet disability insurance market size is expected to see rapid growth in the next few years. It will grow to $7.96 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. In the forecast period, growth is expected to be driven by greater adoption of digital insurance platforms, increased investment in pet healthcare infrastructure, heightened awareness through social media and influencers, growing demand for customizable insurance plans, and rising disposable income among pet owners. Key trends anticipated in the forecast period include advancements in telehealth services for pets, innovations in wearable health monitoring devices, integration of AI for risk assessment and claims processing, development of personalized insurance offerings, and innovations in digital policy management platforms.

The rising demand for specialized pet care is expected to drive growth in the pet disability insurance market. Specialized pet care involves advanced or customized health and wellness services designed to address specific medical, physical, or behavioral needs of pets beyond standard checkups. This demand is increasing due to the stronger emotional bonds between pet owners and their pets, which encourages greater investment in advanced medical treatments. Pet disability insurance supports specialized pet care by covering the high costs of treatments and rehabilitation, ensuring pets receive expert care without placing financial burdens on their owners. For example, according to the American Veterinary Medical Association, a US-based nonprofit, about 6.4 million pets in the U.S. were insured in 2024, up from 5.7 million in 2023, with dogs representing 75.6% and cats 23.5% of the insured population. Thus, the growing need for specialized pet care is fueling the expansion of the pet disability insurance market.

Key players in the pet disability insurance market are developing advanced care-focused insurance models, such as pet-first wellness and insurance plans, to deliver more personalized and preventive healthcare solutions. These integrated plans emphasize preventive care, chronic illness management, and recovery services tailored to each pet’s specific needs. For instance, in August 2022, Chewy, Inc., a US-based online retailer for pet products and services, introduced CarePlus, a suite of wellness and insurance plans available in 31 states. CarePlus features 24/7 veterinary telehealth via its Connect with a Vet service, supports direct payments at clinics through Trupanion’s integrated software, and offers full coverage for eligible medications and veterinary diets. These benefits help lower out-of-pocket costs for pet owners while enabling more continuous, accessible, and affordable pet healthcare.

In April 2024, Independence Pet Holdings, Inc., a US-based holding company, acquired Pets Best Insurance Services, LLC, for an undisclosed sum. This acquisition aims to expand Independence Pet Holdings’ presence in the North American pet insurance market by adding Pets Best to its portfolio, enhancing its multi-brand strategy, and strengthening its capacity to offer customized insurance products. Pets Best Insurance Services, LLC is a US-based provider of pet health insurance covering dogs and cats with accident, illness, and wellness plans.

Major players in the pet disability insurance market are MetLife Inc., Nationwide Mutual Insurance Company, Trupanion Inc., Anicom Holdings Inc., Lemonade Inc., Embrace Pet Insurance Agency LLC, Fetch Inc., PetPartners Inc., ManyPets Inc., Petplan Pet Insurance, Oneplan Pet Insurance, ASPCA Pet Health Insurance, Healthy Paws Pet Insurance LLC, Figo Pet Insurance LLC, Pumpkin Insurance Services Inc., Prudent Pet Insurance Agency LLC, American Kennel Club Pet Insurance, Animalia Pet Insurance, Spot Pet Insurance Services LLC, Hartville Pet Insurance.

North America was the largest region in the pet disability insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pet disability insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pet disability insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Pet disability insurance is a form of coverage that provides financial assistance to pet owners by covering costs related to disabilities caused by injuries, illnesses, or genetic conditions. This insurance generally covers expenses for veterinary care, medications, rehabilitation, and mobility aids.

The primary types of pet disability insurance are permanent disability insurance and temporary disability insurance. Permanent pet disability insurance provides ongoing financial support for lifelong care and rehabilitation when a pet suffers a permanent disability due to illness or injury. It is available through various coverage options, including accident-only, illness, and comprehensive plans, and is offered via multiple sales channels such as direct sales, insurance brokers, and online platforms. This insurance is applicable to dogs, cats, and other pets, and is used by a range of end-users, including individuals and commercial clients.

The pet disability insurance market research report is one of a series of new reports that provides pet disability insurance market statistics, including the pet disability insurance industry global market size, regional shares, competitors with the pet disability insurance market share, detailed pet disability insurance market segments, market trends, opportunities, and any further data you may need to thrive in the pet disability insurance industry. This pet disability insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pet disability insurance market includes revenues earned by entities through specialist consultations, chronic condition management, emergency and specialist care and telehealth services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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