The global pet insurance market is anticipated to experience steady growth through 2035. This growth is quantified by a compound annual growth rate (CAGR) of 12.12%, indicating a strong and sustained increase in demand.
Several factors contribute to this positive trend:
- Rising pet ownership worldwide
- Increased awareness of pet health and wellness
- Growing availability of varied insurance products tailored for pets
- Enhanced veterinary care leading to higher treatment costs
As the market expands, stakeholders including insurers, pet owners, and healthcare providers will likely benefit from this upward trajectory in pet insurance adoption.
About The Author
