Global Pet Insurance Market Projected to Double, Reaching USD 19.01 Billion by 2029 - ResearchAndMarkets.com
In the latest industry analysis, the Global Pet Insurance Market has demonstrated a noteworthy expansion, with its value estimated to climb from US$9.86 billion in 2023 to a projected US$19.01 billion by 2029.
- In the latest industry analysis, the Global Pet Insurance Market has demonstrated a noteworthy expansion, with its value estimated to climb from US$9.86 billion in 2023 to a projected US$19.01 billion by 2029.
- Regionally, Europe holds the lion's share of the pet insurance market, with North America trailing closely behind.
- Several growth drivers are propelling the pet insurance market forward, including rising disposable incomes among pet owners, increasing incidences of pet diseases, and climbing costs of veterinary care.
- The expansion of pet insurance as an employee benefit is also noted to significantly contribute to market growth.