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 | Oct 2012

Safe and hound: Industry's future bright as pet's esteem grows in households, disposable incomes rise

IBISWorld’s Pet Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
ASPCA Pet Health Insurance ASPCA Pet Health Insurance market share
VPI Pet Insurance VPI Pet Insurance market share
Industry Statistics & Market Size
Annual Growth 07-12
Annual Growth 12-17
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Industry Analysis & Industry Trends

The Pet Insurance industry grew quickly during the past five years, expanding even during the economic downturn, as pet owners increasingly treated their pets as family members. Industry firms began to offer a wider variety of insurance options that offered more customized plans targeted towards pet owners with different demands and incomes. Trends that have been spurring growth during the past five years, such as rising pet ownership and disposable incomes, will continue to contribute to industry growth during the next five years.... purchase to read more

Industry Report - Industry Analysis Chapter

The Pet Insurance industry grew quickly during the past five years despite the economic downturn that stifled growth in other pet related industries. The changing trends in consumer attitudes towards pet ownership helped boost industry growth during the past five years as more pet owners opted to purchase insurance premiums for their pets instead of paying out of pocket or ignoring the health concerns altogether. As a result of increased demand, pet insurance companies have increased the breadth of insurance plans to include preventative care and elective procedures that were formerly unavailable.

In addition, the steady growth of the number of pets owned during the past five years led to higher demand in pet insurance services... 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
Cat insuranceDog insuranceOther insurance
Industry Activities
Underwriting health and medical insurance policies for petsManaging care between pet care provider and individual recipientThird-party administration of self-funded insurance plans

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