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Pet insurance market slated for $40.1b in 2035
APAC will be the fastest-growing region.
The global pet insurance market is expected to register a compound annual growth of 12.12% through 2035, according to Market Research Future.
This would be equivalent to a market value of $40.1b in 2035, which will be driven by increasing pet ownership, rising veterinary costs, and growing awareness of the benefits of pet insurance.
Asia-Pacific will be the fastest-growing market, the report added. This will be fueled by increasing pet ownership and a growing middle-class market.
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