Pet Health and Insurance

Pet Health and Insurance Statistics for 2023

Pet Obesity: 50 million dogs and 56 million cats are overweight or obese.
Gastrointestinal Parasites: 34% of dogs nationwide, and 54% in southern states, are infected.
Ear Disease in Dogs: Around 20% suffer from some form of ear disease.
Feline Viruses: 2.5%-5% of healthy cats have feline immunodeficiency virus; 2%-3% have feline leukemia virus.
Pandemic Pet Effect: 70% reported pets decreased feelings of loneliness; 15% acquired new pets.
Pet Ownership: 70% of American households own pets; millennials make up 32% of pet owners.
Emergency Financial Readiness: 36% of Americans can’t cover a $400 emergency.
Average Veterinary Costs: Annual medical costs for dogs are $225 and cats $160; emergencies and surgeries significantly higher.
Pet Insurance Adoption: Only 4.4 million pets were insured in 2021, about 4.9% of total pets.

Sources: Money

Extended Pet Life Expectancy: Life expectancy of pets has risen up to 230% in some countries.
Causes of Increased Lifespan: Higher levels of vaccination, better veterinary care, and improved pet health awareness.
Rise in Pet Care Investment: Increased spending on pet care; insurance as a solution for cost barriers.
Challenges in Developing Markets: Issues with free-roaming animals and lack of formal ownership.
Growing Pet Insurance Market: Despite being small, the market is expanding.
Senior Pet Care Priorities: With longer lifespans, focus shifts to age-related illnesses and preventive care.