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Pet Insurance in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pet Insurance Market Research Report | Consumer Goods & Services | Pet Care | Apr 2015

Safe and hound: Growth in the number of pets will help brighten the industry's future

The Pet Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
ASPCA Pet Health Insurance ASPCA Pet Health Insurance market share
Petplan Petplan market share
Trupanion Trupanion market share
VPI Pet Insurance VPI Pet Insurance market share
Industry Statistics & Market Size
Revenue
$721m
Annual Growth 10-15
10.9%
Annual Growth 15-20
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Profit
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Employment
1,927
Businesses
12
Industry Analysis & Industry Trends

Rapidly increasing consumer awareness and acceptance of industry offerings has benefited the Pet Insurance industry. In the next five years, the number of pets is anticipated to rise and homeownership rates are forecast to rebound. As a result, industry revenue will increase. However, an enhanced focus on technological platforms and gains from economies of scale will cause wages as a share of revenue to decline slowly.... purchase to read more

Industry Report - Industry Analysis Chapter

While considered a segment of the Property, Casualty and Direct Insurance industry (IBISWorld report 52412), the Pet Insurance industry accounts for only 0.1% of the broader industry's revenue; moreover, pet insurance risks and trends tend to be more similar to the health insurance market. Industry operators primarily underwrite insurance policies for pets, providing coverage for a range of veterinary treatments and procedures. Given the comparative infancy of the domestic pet insurance market to foreign markets, both consumer acceptance of and demand for industry services are increasing rapidly... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pet Insurance Industry?

This industry underwrites insurance policies for pets and pays veterinary costs related to illness or injury.

Industry Products
Accident and illness dog policiesAccident only dog policiesDog insurance policies with embedded wellnessAccident and illness policies for cats and other petsAccident only policies for cats and other petsCat and other pet insurance policies with embedded wellness
 
Industry Activities
Underwriting accident and illness pet insurance policiesUnderwriting accident only pet insurance policiesUnderwriting pet insurance policies with embedded wellness


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