Sick dog Pet Insurance in the U.S., 6th Edition examines the U.S. market for pet health insurance.  (Photo: Shutterstock)

Market research firm Packaged Facts forecasts that the U.S. pet health insurance industry, estimated at slightly over $1 billion in 2017, will nearly double to reach $2 billion by 2022.

The pet insurance market will grow over 14% per year, supported by a number of trends in both this emerging market and competitive ones, according to company experts. Most notably, increased consumer awareness will be crucial to growth.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected]

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