United States Pet Insurance Market is projected to reach US$ 12.48 billion by 2032 | Major Companies - Anicom Holdings, Trupanion, Embrace Pet Insurance Ltd.

Market Size and Growth:

The Pet Insurance Market size 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 Market is growing rapidly due to rising pet ownership and increasing spending on advanced veterinary care, prompting owners to seek financial protection against high treatment costs. According to DataM Intelligence Report.

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The Pet Insurance Market refers to the industry that provides health insurance policies for pets, covering veterinary expenses related to illnesses, accidents, surgeries, and preventive care. It includes insurers, service providers, and distribution channels offering plans that help pet owners manage rising medical costs, improve access to quality treatment, and ensure financial protection against unexpected veterinary expenses.

Industry Recent Developments: United States

✅ November 2025: Verisk simplified the entry for U.S. insurers into the growing pet insurance market, which saw a 21.4% year-over-year increase in gross written premiums in 2024 and a 12.7% growth in insured pets.

✅ October 2025: Pumpkin Insurance launched PumpkinNow, a service enabling near-instant reimbursement of veterinary expenses.

✅ September 2025: Trupanion announced AI-enabled claims automation partnerships with veterinary networks to reduce claim processing times.

Industry Recent Developments: Japan

✅ November 2025: Anicom Holdings announced a strategic collaboration with Tokyo-based AI startup ZOZO Health to integrate predictive analytics for pet wellness monitoring.

✅ October 2025: The Japanese market continued to benefit from consumer protection laws enhancing transparency and building trust in long-term pet insurance policies.

✅ September 2025: Increasing adoption of tele-veterinary consultations and wellness monitoring using connected devices was integrated into insurance plans to improve consumer experience and reduce administrative costs.

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Mergers & Acquisitions in 2025:

✅ A notable transaction: per a 2025 report, Embrace Pet Insurance completed the acquisition of the policy portfolio of Healthy Paws Pet Insurance. This deepens Embrace's presence in "premium wellness-focused" pet insurance products.

✅ In the broader pet‐services sector (not just insurance), there is increased M&A activity: for instance, Rover - a U.S.-based pet‐care marketplace - agreed to acquire Australia's Mad Paws for US$ 62 million. While this deal is more about pet services than pure insurance, it reflects increased consolidation in pet‐health, -care, and insurance‐adjacent markets.

✅ On the veterinary‐health side (which indirectly impacts insurance), a 2025 deal: Creative Science (a subsidiary of animal‐health firm CIMA Animal Health) acquired Infiniti Medical and its subsidiary Orthomed UK. Infiniti produces veterinary medical devices and surgical tools - the acquisition likely aims to expand distribution and innovation in veterinary care.

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.

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 for Pet Insurance Market:

⇥ 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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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Pet Insurance market?

➠ Who are the global key manufacturers of the Pet Insurance Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Pet Insurance market opportunities and threats faced by the vendors in the global Pet Insurance Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Pet Insurance market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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