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Family and Consumer Sciences

Live Smart Ohio

Ohio State University Extension

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Pet Insurance

July 8, 2022

Insuring your furry family member

Sixty-three percent of U.S. households own a dog or cat, sales of pet care services are totaling at $5.8 billion dollars in the U.S., $123.6 billion U.S. pet industry dollars was spent in 2021 and by 2026 veterinary occupations are expected to grow almost three times faster than projected growth for all occupations. Our pets […]

WRITTEN BY: Candace J. Heer, Educator, Family and Consumer Sciences, Ohio State University Extension, Morrow County; heer.7@osu.edu

REVIEWED BY: Laura Halladay, Educator, Family and Consumer Sciences, Ohio State University Extension, Greene County; halladay.6@osu.edu

PHOTO CREDITS:

  • Phinneas E. Heer, 2022, taken by C.J. Heer
  • Binny at camp, 2022, taken by Laura Halladay

SOURCES:

  • American Pet Products association. Pet Industry Market Size, Trends & Ownership Statistics
  • American Veterinary Medical Association. U.S. pet ownership statistics
  • Consumer Financial Protection Bureau. Financial terms glossary
  • Consumer Financial Protection Bureau. What is insurance?
  • Forbes Advisor. Best Pet Insurance of 2022
  • Healthypaws Pet Insurance & Foundation. History Lessons: Pet Health Insurance
  • North American Pet Health Insurance Association (NAPHIA). State of the Industry Report 2022
  • U.S. Bureau Of Labor Statistics. Ahead of the pack: why are veterinary occupations growing much faster than average?
  • United States Census Bureau. Pet Owners Spending More on Time-Saving, Specialty Pet Care Services
  • U.S. News and World Report. Best Pet Insurance Companies of 2022
  • 2022 GlobeNewswire, Inc. North America Pet Insurance Market size to surpass $3.8bn by 2027, says Graphical Research

Categories: Family and Relationships, Money
Tags: Furry Family Member, health insurance, insurance, pet health care, Pet Insurance, pets

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