Pet Cat Lifetime Insurance Market Report 2026

The pet cat lifetime insurance market size has grown rapidly in recent years. It will grow from $1.56 billion in 2025 to $1.77 billion in 2026 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to rising pet ownership rates, increasing veterinary treatment costs, growing awareness of pet health insurance, expansion of companion animal healthcare services, availability of online insurance enrollment.

The pet cat lifetime insurance market size is expected to see rapid growth in the next few years. It will grow to $2.88 billion in 2030 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to increasing demand for lifetime pet coverage, rising focus on preventive pet healthcare, expansion of digital claims processing, growing adoption of subscription-based insurance models, increasing integration with veterinary networks. Major trends in the forecast period include increasing adoption of lifetime coverage policies, rising demand for comprehensive veterinary expense coverage, growing use of digital pet insurance platforms, expansion of customizable coverage plans, enhanced focus on chronic condition management.

The growth of the pet cat lifetime insurance market is being driven by rising pet ownership and the increasing demand for long-term veterinary care. Pet ownership involves caring for domestic animals such as cats and dogs, providing them with food, shelter, healthcare, and emotional support. The rise in pet ownership is linked to greater awareness of emotional and mental health, as many people seek companionship to alleviate stress and loneliness, recognizing pets as important household members. Pet cat lifetime insurance helps owners cover ongoing veterinary costs for chronic or recurring health issues throughout a cat’s life. For example, according to the American Pet Products Association, a U.S.-based trade group, the number of U.S. households owning at least one pet increased from 82 million in 2023 to 94 million in March 2025. As a result, the rising pet ownership rate is fueling growth in the pet cat lifetime insurance market.

Companies in the pet cat lifetime insurance market are focusing on strategic partnerships to broaden distribution, enhance products, improve customer engagement, and strengthen market presence. Strategic partnerships involve collaborations between organizations to leverage each other’s strengths and resources toward shared objectives. For instance, in May 2024, Mylo LLC, a U.S.-based insurer, partnered with Safeco, another U.S. insurance company, to expand digital insurance offerings to include pet insurance. This aligns with Mylo’s mission to provide comprehensive coverage throughout every stage of life. Mylo offers affordable insurance for dogs and cats with features such as multi-pet discounts, preferred vet usage, and lifetime coverage without age restrictions. Customers can select from two customizable plans and apply online quickly. This offering also extends to Mylo’s employee perks partners, improving insurance access for individuals and organizations, though it is unavailable in four U.S. regions.

In May 2023, JAB Holding Company, a Luxembourg-based investment firm with a portfolio of pet insurance brands, acquired a majority stake in Pumpkin Insurance Services Inc. for an undisclosed amount. Through this acquisition, JAB aims to strengthen its position in the rapidly growing pet insurance sector by integrating Pumpkin’s preventive care and accident-and-illness insurance offerings, expanding access to lifetime health coverage for cats and dogs, and enhancing data-driven veterinary partnerships across North America. Pumpkin Insurance Services Inc. is a US-based pet insurance provider offering comprehensive health plans that cover hereditary conditions, chronic illnesses, behavioral issues, dental disease, and advanced veterinary treatments for companion animals.

Major companies operating in the pet cat lifetime insurance market are PetFirst Healthcare LLC, Nationwide Pet Insurance Company, Trupanion Inc., Anicom Holdings Inc., Embrace Pet Insurance LLC, Fetch Insurance Services LLC, Mylo LLC, PetPartners Inc., Pethealth Inc., American Pet Insurance Company, Agria Djurförsäkring AB, ManyPets Inc., Healthy Paws Pet Insurance LLC, Figo Pet Insurance LLC, Pumpkin Insurance Services Inc., Spot Pet Insurance Services LLC, Pets Best Insurance Services, ASPCA Pet Health Insurance, Lemonade Pet Insurance, Bivvy Pet Insurance, Hartville Pet Insurance, Prudent Pet Insurance, 24Petprotect, Companion Protect, Physicians Mutual Pet Insurance.

North America was the largest region in the pet cat lifetime insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet cat lifetime insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet cat lifetime insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The pet cat lifetime insurance market includes revenues earned by entities by providing services such as chronic illness coverage, recurring treatment support, lifelong policy renewals, advanced veterinary care reimbursement, and long-term health condition management for insured cats. 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.

This product will be delivered within 1-3 business days.