Pet Insurance Market worth $18785.29 Million by 2030, growing at a CAGR of 17.52%

Global Pet Insurance Market size was reasonably estimated to be approximately USD 8380.29 Million in 2023 and is poised to generate revenue over USD 18785.29 Million by the end of 2030, projecting a CAGR of around 17.52% from 2023 to 2030.

Pet insurance is a type of insurance that helps cover the costs of medical care if your pet gets sick or injured. It works similarly to insurance for humans. With the rising costs of veterinary care and medications, more pet owners are choosing to get insurance for their pets. Some insurance companies even provide coverage if your pet is lost, stolen, or passes away. The increasing awareness of pet health and the desire for pets to have a good quality of life are driving the growth of the pet insurance market.

Leading players involved in Pet Insurance Market include:
Nationwide (USA), Trupanion (USA), Petplan (USA), Healthy Paws (USA), Embrace (USA), ASPCA (USA), Figo (USA), Lemonade (USA), PetFirst (USA), Petsecure (Canada), Petplan UK(UK), Direct Line (UK), More Than (UK), PetSure (Australia), RSPCA (Australia), Bupa (UK), Allianz (Germany), Agria (Sweden), Anicom Holdings (Japan), Petplan Australasia (Australia), and Other Major Players.

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