(MENAFN- GlobeNewsWire - Nasdaq) The pet insurance market offers opportunities driven by digitalization, personalized wellness plans, and strategic partnerships. Nationwide Mutual Insurance Company, Trupanion Insurance Company, and Healthy Paws Pet Insurance lead the industry.

Dublin, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The "Pet Insurance Market by Pet Type (Cats, Dogs), Coverage Type (Accident Illness, Accident Only, Wellness), Plan Type, Distribution Channel, Age Group - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.

The global pet insurance market is undergoing rapid transformation, with sector growth propelled by shifting consumer preferences, technology advances, and a holistic approach to pet health. Senior decision-makers require clear insight into market dynamics, segmentation, and actionable strategies to optimize their competitive position in this evolving space.

Market Snapshot: Pet Insurance Market Growth and Competitive Outlook

The Pet Insurance Market grew from USD 9.10 billion in 2024 to USD 9.91 billion in 2025. It is expected to continue growing at a CAGR of 8.65%, reaching USD 14.97 billion by 2030. This trajectory highlights robust momentum, with insurers adapting offerings to meet demand for financial protection amid rising veterinary costs and changing pet ownership trends. The market's competitive landscape features established providers and agile innovators pursuing customer-centric digitalization and ecosystem partnerships.

Scope & Segmentation: Market Coverage, Key Drivers, and Technology Trends

• Pet Types: Dogs and cats, each with unique risk profiles influencing policy features and wellness add-ons.
• Coverage Types: Accident and illness, accident only, and wellness coverage subdivided into preventive care and routine care, addressing a spectrum of owner priorities.
• Plan Types: Lifetime, maximum benefit, and non-lifetime plans, with varying approaches to chronic conditions and annual limits.
• Distribution Channels: Brokers, direct online platforms via mobile apps and websites, phone assistance, and referrals from veterinary clinics, all contributing to multi-channel customer journeys.
• Age Groups: Adult pets, seniors, and specific products for kittens and puppies, designed for age-related risk and preventive care needs.
• Regional Coverage: Americas (notably US states such as California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, plus Canada, Mexico, Brazil, Argentina); Europe, Middle East, and Africa (including United Kingdom, Germany, France, United Arab Emirates, South Africa, and others); Asia-Pacific (China, India, Japan, Australia, several Southeast Asian nations).
• Technologies: Telemedicine, AI-driven claims processing, wearables for real-time health monitoring, API-enabled integrations with clinics, and blockchain pilots for claims transparency.
• Key Innovators: Nationwide Mutual Insurance Company, Trupanion, Healthy Paws, Embrace, ASPCA Pet Health Insurance, Metropolitan Tower Life Insurance, Petplan, Figo, and AKC Pet Insurance, among others.

Key Takeaways: Strategic Insights for Senior Decision-Makers

• The market shift toward holistic wellness is redefining insurance as a partner in preventive pet health, not only as a claims provider.
• Personalization technologies, including machine learning for underwriting and IoT-based data from pet wearables, are central to next-generation insurance products.
• Omnichannel distribution, with seamless transitions between digital and human-assisted support, is vital for acquisition, retention, and customer satisfaction.
• Strategic partnerships with veterinary and wellness providers enhance value propositions and customer engagement, providing a sustainable advantage for insurers willing to collaborate across the care continuum.
• Adaptation to evolving regulations and supply chain risks, through indexed policy adjustments and supplier diversification, is now a core risk management practice.
• Emerging geographic markets display diverse adoption paths, with tailored and localized offerings necessary to address regional preferences, infrastructures, and legal frameworks.

Impact of US Tariffs on the Pet Insurance Value Chain

Recent US tariffs on veterinary pharmaceuticals, devices, and diagnostics have increased procurement and claims costs throughout the insurance value chain. Insurers respond through renegotiated provider agreements, new riders to address volatility, and strengthened partnerships with domestic suppliers. This regulatory environment spotlights the need for agile policy design and proactive supply chain management.

Methodology & Data Sources

This report combines primary interviews with industry executives, veterinary professionals, and policyholders alongside secondary research of company filings, regulatory reports, and published studies. Quantitative insights were derived from structured surveys and statistical analysis, ensuring credible, validated market intelligence.

Why This Report Matters

• Supports strategic planning through granular segmentation and actionable competitor analysis.
• Helps leaders anticipate market disruptions by highlighting technology adoption, regulatory impacts, and innovative business models.
• Guides investment decisions and portfolio optimization aligned with evolving customer expectations and operational realities.

Conclusion

This report equips senior leaders with clarity on transformative trends, segment opportunities, and pragmatic responses to regulatory and technological change. By leveraging these insights, organizations can strengthen competitiveness, resilience, and relevance in the advancing pet insurance sector.

Key Attributes

Report Attribute	Details
No. of Pages	180
Forecast Period	2025-2030
Estimated Market Value (USD) in 2025	$9.91 Billion
Forecasted Market Value (USD) by 2030	$14.97 Billion
Compound Annual Growth Rate	8.6%
Regions Covered	Global

Key Topics Covered
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Market Sizing & Forecasting
5. Market Dynamics
5.1. Rising adoption of telehealth veterinary consultations covered by pet insurance
5.2. Surge in demand for customizable pet insurance plans with flexible deductibles and waiting periods
5.3. Integration of wearable pet health trackers data into insurance risk assessment algorithms and pricing models
5.4. Growth of subscription based pet wellness programs bundled with comprehensive insurance coverage options
5.5. Expansion of genetic testing coverage in pet insurance policies to support breed specific health conditions
5.6. Rising competition from insurtech startups offering AI powered claims processing and fraud detection for pets
5.7. Increasing partnerships between veterinary clinics and insurers to offer on site policy enrollment and wellness discounts
5.8. Impact of global inflation on pet care costs driving price adjustments and policy redesigns in insurance sector
6. Market Insights
6.1. Porter's Five Forces Analysis
6.2. PESTLE Analysis
7. Cumulative Impact of United States Tariffs 2025

8. Pet Insurance Market, by Pet Type
8.1. Introduction
8.2. Cats
8.3. Dogs
9. Pet Insurance Market, by Coverage Type
9.1. Introduction
9.2. Accident Illness
9.3. Accident Only
9.4. Wellness
9.4.1. Preventive Care
9.4.2. Routine Care
10. Pet Insurance Market, by Plan Type
10.1. Introduction
10.2. Lifetime
10.3. Maximum Benefit
10.4. Non Lifetime
11. Pet Insurance Market, by Distribution Channel
11.1. Introduction
11.2. Broker
11.3. Online
11.3.1. Mobile App
11.3.2. Website
11.4. Phone
11.5. Veterinary
12. Pet Insurance Market, by Age Group
12.1. Introduction
12.2. Adult
12.3. Puppy Kitten
12.3.1. Kitten
12.3.2. Puppy
12.4. Senior
13. Americas Pet Insurance Market
13.1. Introduction
13.2. United States
13.3. Canada
13.4. Mexico
13.5. Brazil
13.6. Argentina
14. Europe, Middle East & Africa Pet Insurance Market
14.1. Introduction
14.2. United Kingdom
14.3. Germany
14.4. France
14.5. Russia
14.6. Italy
14.7. Spain
14.8. United Arab Emirates
14.9. Saudi Arabia
14.10. South Africa
14.11. Denmark
14.12. Netherlands
14.13. Qatar
14.14. Finland
14.15. Sweden
14.16. Nigeria
14.17. Egypt
14.18. Turkey
14.19. Israel
14.20. Norway
14.21. Poland
14.22. Switzerland
15. Asia-Pacific Pet Insurance Market
15.1. Introduction
15.2. China
15.3. India
15.4. Japan
15.5. Australia
15.6. South Korea
15.7. Indonesia
15.8. Thailand
15.9. Philippines
15.10. Malaysia
15.11. Singapore
15.12. Vietnam
15.13. Taiwan
16. Competitive Landscape
16.1. Market Share Analysis, 2024
16.2. FPNV Positioning Matrix, 2024
16.3. Competitive Analysis
16.3.1. Nationwide Mutual Insurance Company
16.3.2. Trupanion Insurance Company
16.3.3. Healthy Paws Pet Insurance, LLC
16.3.4. Embrace Pet Insurance Services, Inc.
16.3.5. Hartville Pet Insurance Company
16.3.6. ASPCA Pet Health Insurance, Inc.
16.3.7. Metropolitan Tower Life Insurance Company
16.3.8. Petplan Insurance Services Limited
16.3.9. Figo Pet Insurance Group, LLC
16.3.10. AKC Pet Insurance, LLC

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