North America Pet Insurance Market Size & Outlook
North America pet insurance market, 2018-2030 (US$M)
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North America pet insurance market highlights
- The North America pet insurance market generated a revenue of USD 5,776.9 million in 2024.
- The market is expected to grow at a CAGR of 21.3% from 2025 to 2030.
- In terms of segment, accident & illness was the largest revenue generating coverage in 2024.
- Accident & Illness is the most lucrative coverage segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 5,776.9 million |
| Market revenue in 2030 | USD 18,692.6 million |
| Growth rate | 21.3% (CAGR from 2025 to 2030) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident Only, Other Coverage |
Other key industry trends
- In terms of revenue, North America region accounted for 31.5% of the global pet insurance market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 18,692.6 million by 2030.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America pet insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet insurance market will help companies and investors design strategic landscapes.
Accident & illness was the largest segment with a revenue share of 106.46% in 2024. Horizon Databook has segmented the North America pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the second-largest revenue share in the pet insurance market in 2023. The key drivers of the market are rise in the companion animal population and increase in awareness about pet insurance.
Moreover, the market is growing because of rising veterinary healthcare expenditures and per capita income. The pet insurance market in this region is governed by the North American Pet Health Insurance Association (NAPHIA).
As per the National Pet Owners Survey conducted by the American Pet Products Association in 2023, 66% of U.S. households owned a pet, which is equivalent to 86.9 million homes. In addition, according to the North American Pet Health Insurance Association, Inc., 0.9 million cats and 3.8 million dogs were insured in the U.S. in 2022, thereby increasing the number of insured pets in the United States by 22.1%.
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Target buyers of North America pet insurance market databook
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Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America pet insurance market , including forecasts for subscribers. This continent databook contains high-level insights into North America pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pet insurance market size, by country, 2018-2030 (US$M)
North America Pet Insurance Market Outlook Share, 2024 & 2030 (US$M)
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