Often, veterinarians can use video chat capabilities to assess the condition of the pet, monitor a pet's progress between visits, and even conduct online consultations. (Photo: Shutterstock)
COVID-19 has had an effect on almost every aspect of our lives, including the way Americans spend their days and spend their money. The pet spending sector is no different.
In 2019, Americans spent over $95 billion on their pets—an all-time high. Now, even amid drastic market pullback during the coronavirus crisis, stock value of online pet product retailer Chewy skyrocketed in March. The message is clear: pet owners aren't looking to cut back on pet spending anytime soon, instead they're looking for convenient, modern ways to get what their pet needs.
Related: Gen X has the most insured pets
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
