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Stock impact report

Global Pet Insurance Market Trends Analysis Report 2024-2030: Rising Veterinary Care Costs Propel Growth, Direct Sales Channel Emerges as Key Driver [Yahoo! Finance]

Trupanion, Inc. (TRUP) 
Last trupanion, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.trupanion.com
Company Research Source: Yahoo! Finance
Animal Type (Dogs, Cats), By Sales Channel (Agency, Broker, Direct), By Region, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering. The global pet insurance market size is expected to reach USD 33.57 billion by 2030, registering a CAGR of 16.73% from 2024 to 2030 The key factor driving the industry growth includes increasing veterinary care costs as a result of advancements in medical technology and treatments. Thus, pet owners are seeking insurance to help cover these expenses. According to the American Pet Products Association (APPA), the total pet spending in the U.S. alone was estimated to reach a record high of over $100 billion in 2023. This includes expenses, such as pet food, supplies, over-the-counter medications, veterinary care, and other services. The increasing trend in pet spending reflects the growing importance of pets in people's lives and the willingness of pet owners to invest in the well-being of their animals. Fu Show less Read more
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