The global Pet Health and Medical Insurance market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

Pet medical care is the second largest segment in the pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years.

According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021.

White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years.

Changes in the age structure of pets will further bring about the development of the pet medical industry.

According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry.

From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years.

From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 35%.

ReportPrime's newest research report, the “Pet Health and Medical Insurance Industry Forecast” looks at past sales and reviews total world Pet Health and Medical Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Pet Health and Medical Insurance sales for 2025 through 2031.

This report presents a comprehensive overview, market shares, and growth opportunities of Pet Health and Medical Insurance market by product type, application, key players, and key regions and countries.

Key features:

• Company formation
• Revenue
• Market share
• Latest development
• M&A activity

Segmentation by Type:

• Lifetime Cover
• Non-lifetime Cover
• Other

Segmentation by Application:

• Dog
• Cat
• Other

Market by Region:

• Americas
• APAC
• Europe
• Middle East & Africa

Company's coverage:

• Petplan UK (Allianz)
• Nationwide
• Trupanion
• Petplan NorthAmerica(Allianz)
• Hartville Group
• Pethealth
• Petfirst
• Embrace
• Royal & Sun Alliance (RSA)
• Direct Line Group
• Agria
• Petsecure
• PetSure
• Anicom Holding
• ipet Insurance
• Japan Animal Club

Key Questions Addressed in this Report: