Press release
Soaring Demand Set to Propel Pet Accident Only Insurance Market to $1.80 Billion by 2029
Pet Accident Only Insurance
Pet Accident Only Insurance Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the pet accident only insurance market has seen considerable expansion. The market, which is set to escalate from $1.16 billion in 2024 to $1.27 billion in 2025, is projected to have a compound annual growth rate (CAGR) of 9.6%. The substantial growth observed in the historical period is the result of various factors, such as elevated global pet ownership, escalating veterinary treatment expenses, an expanding consciousness about pet care, heightened demand for pet safety, and an upswing in available household income.
Pet Accident Only Insurance Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the pet accident only insurance market is predicted to experience robust growth. The projections estimate its value will reach $1.80 billion in 2029, reflecting a compound annual growth rate (CAGR) of 9.2%. Factors such as the rising uptake of pet insurance, increased incidents of pet accidents, expanding urban pet demographics, the prevalence of online policies, and a heightened emphasis on companion animals all contribute to the growth in this period. The forecast period also notices various trends, such as progress in pet health surveillance, the inclusion of AI in claim handling, technology-aided policy personalization instruments, advances in mobile insurance applications, and the evolution of wearable pet gadgets.
View the full report here:
https://www.thebusinessresearchcompany.com/report/pet-accident-only-insurance-global-market-report
What Are the Drivers Transforming the Pet Accident Only Insurance Market?
The growth of the market is being propelled by the surge in pet ownership and the escalating demand for financial safeguards against unforeseen veterinary expenses.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=27502&type=smp
What Are the Key Trends Driving Pet Accident Only Insurance Market Growth?
Leading enterprises in the pet accident only insurance market are channeling their efforts toward creating inventive solutions via strategic alliances, in order to improve the availability of their services and broaden their clientele. This strategic collaboration includes agreements between businesses that optimize each party's unique abilities to pursue shared objectives, like increasing market penetration or upgrading service propositions. For instance, during November 2022, Dutch Pet Inc., a veterinary telehealth firm based in the US, formed a partnership with Synchrony, a consumer finance services firm also based in the US. Together, they introduced a pet insurance product that exclusively offers an Accident Only plan for its yearly veterinary care members. This particular plan provides coverage for qualified emergency vet expenses up to $10,000 annually, with a $250 deductible and 10% copayment. It exclusively covers accidents like bone fractures or foreign object ingestion, while illnesses and pre-existing conditions are excluded. Aimed at improving Dutch's 24/7 virtual veterinary services, this proposition ensures both immediate telehealth aid and financial safety during unexpected emergencies.
Which Segments in the Pet Accident Only Insurance Market Offer the Most Profit Potential?
The pet accident only insurance market covered in this report is segmented
1) By Type: Pet Liability Insurance, Pet Medical Insurance
2) By Type Of Pet: Dogs, Cats, Exotic Pets, Other Small Animals
3) By Policy Coverage Type: Accident-Only Coverage, Comprehensive Coverage, Liability Coverage, End-Of-Life Coverage
4) By Distribution Channel: Direct-To-Consumer (Online Platforms), Insurance Agents Or Brokers, Veterinary Partnerships, Pet Retailers
5) By End-User: Individual, Commercial
Subsegments:
1) By Pet Liability Insurance: Third Party Injury, Property Damage, Legal Expenses
2) By Pet Medical Insurance: Accident Coverage, Emergency Care, Surgery Costs, Prescription Medications
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=27502&type=smp
Which Firms Dominate the Pet Accident Only Insurance Market by Market Share and Revenue in 2025?
Major companies operating in the pet accident only insurance market are Trupanion Inc., Tesco Personal Finance plc, Anicom Holdings Inc., Nationwide Mutual Insurance Company, Embrace Pet Insurance Agency LLC, Animal Friends Insurance Services Limited, TICORP Limited, Pets Plus Us Inc., Pet Plan Limited, The Insurance Emporium Limited, Pets Best Insurance Services LLC, ASPCA Pet Health Insurance, Figo Pet Insurance, Agria Animal Insurance AB, Pumpkin Pet Insurance, Prudent Pet Insurance Agency LLC, American Kennel Club, Perfect Pet Insurance Limited, Spot Pet Insurance Ltd, Odie Pet Insurance Inc., Scratch and Patch Insurance Services Limited.
Which Regions Offer the Highest Growth Potential in the Pet Accident Only Insurance Market?
North America was the largest region in the pet accident only insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pet accident only insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=27502
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Demand Set to Propel Pet Accident Only Insurance Market to $1.80 Billion by 2029 here
News-ID: 4198127 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Pet
Pet Bakery Market Is Going to Boom |• Baker's Best Pet Foods • Pet Bakery
The worldwide "Pet Bakery Market" 2026 Research Report presents a professional and complete analysis of the Global Pet Bakery Market in the current situation. This report includes development plans and policies along with Pet Bakery manufacturing processes and price structures. The reports 2026 research report offers an analytical view of the industry by studying different factors like Pet Bakery Market growth, consumption volume, Market Size, Revenue, Market Share, Market Trends,…
Pet Carriers Market is Booming Worldwide | K&H Manufacturing, Sherpa Pet, Quaker …
Worldwide Pet Carriers Market In-depth Research Report 2024, Forecast to 2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pet Carriers Market. Some of the key players profiled in the study are K&H Manufacturing…
Pet Air Shipping Service Market Growth Expected to See Next Level: Pet Travel, P …
Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P …
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni …
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.…
