Here’s some interesting news we just ran across: Trupanion pet insurance has announced that veterinary spending has increased 9.78 percent since last year. The pet insurance company analyzed third-quarter data from 2009 and 2010 for all dog breeds.
According to the American Pet Products Association, veterinary care is the second highest spending category behind food, with $12.04 billion spent in 2009 and an estimated $12.79 billion spent in 2010. Advancements in veterinary services are making it easier to find life-saving options that weren’t previously available.
“We expect to see even more sophisticated technology and procedures being used in veterinary care and therefore even more ways to save a pet’s life,” said Howard Rubin, who is the Chief Operating Officer at Trupanion and was the founding CEO of the National Commission on Veterinary Economic Issues. “But that also means an increase in veterinary spending. I would imagine that this spending category will not see a drop any time soon.”