United States Pet Insurance Market is projected to reach US$ 102.4 billion by 2032 | Top key players - Anicom Holdings, Trupanion, 24PetWatch.

Market Size and Forecast:

The Pet Insurance Market was valued at US$ 9.5 billion in 2024 and is projected to reach US$ 102.4 billion by 2032, expanding at a CAGR of 34.2% during 2025-2032.

The Pet Insurance Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Pet Insurance Market encompasses policies that provide financial coverage for veterinary care, illnesses, accidents, and routine check-ups for pets, primarily cats and dogs. It helps pet owners manage unexpected medical expenses, promoting pet health and well-being. The market includes various plan types, such as accident-only, comprehensive, and wellness coverage, driven by rising pet ownership and awareness of preventive care.

Industry Recent Developments:

USA:
In June 2025, Spot Pet Insurance partnered with pop star Kesha to launch a nationwide campaign promoting pet healthcare and shelter support, offering customizable insurance, 24/7 telehealth, and adoption events.

Q1 2025 saw a record $1.31 billion in US pet insurance premiums written, up from $1.12 billion a year earlier, marking strong market growth and increased consumer adoption.

Japan:
August 2025 saw Anicom Holdings report growth in net premiums and policies, along with increased patents emphasizing innovation in the pet insurance space.

Japan's pet insurance market is expanding with tailored plans for various breeds, ages, and health conditions, supported by digital platforms that allow easy policy comparison and purchases by pet owners.

Europe:
August 2025 analyses highlight rising pet insurance costs across Britain and Europe, driven by increasing veterinary costs and demand for comprehensive coverage.

The Europe pet insurance market size in 2024 was about $7.85 billion with projections to reach $8.69 billion in 2025, fueled by rising pet ownership and growing awareness among pet owners for financial protection via insurance.

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Major Key Players:

Anicom Holdings
Trupanion
24PetWatch
Embrace Pet Insurance Ltd.
Pets Best Insurance Services LLC.
Agria Pet Insurance Ltd.
ASPCA
Healthy Paws Pet Insurance & Foundation
Nationwide Mutual Insurance Company
Figo Pet Insurance LLC.

Key Growth Drivers:

Increasing pet ownership and pet humanization, where pets are viewed as family members, leading to higher demand for insurance covering accidents, illnesses, and preventive care.

Rising veterinary care costs due to advancements in medical treatments such as surgeries, cancer therapies, and specialized diagnostics, prompting pet owners to seek insurance to manage financial risks.

Growing awareness of the benefits of pet insurance, including coverage options integrated into employee benefits programs and wider adoption in emerging markets, supported by digitalization and flexible, customizable insurance products.

Segments Covered in the Pet Insurance Market:

By Policy Type: Accident and Illness, Accident Only, Others.

By Animal Type: Dog, Cats, Others.

By Provider: Private, Public, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Pet Insurance market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Pet Insurance Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Pet Insurance market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Pet Insurance Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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