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Pulished Date April, 2021
ID: 7910
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Middle East and Africa Pet Insurance Market Analysis - By Policy Type, By Policy, By Country - Industry Analysis, Size, Share, Growth, Trends, Forecast | 2021 to 2026

Pulished: April, 2021
ID: 7910
Pages: 145

MEA Pet Insurance Market Size (2021 to 2026)

The Middle East and Africa Pet Insurance market size is predicted to value USD 318.71 million in 2021. It is expected to grow at a CAGR of 9.9% to reach USD 510.96 million by 2026.

What’s Affecting Market Growth?

  • Increase in disposable incomes which provides an opportunity for spending on the healthcare of companion animals. (+ve)
  • Low awareness among consumers about insurance policies and policy types. (-ve)
  • Rising veterinary costs that dampen consumer demand. (-ve)
  • Relatively slower increase in the number of companion animals when compared to that of the developed markets. (-ve)
  • Relatively lower penetration of pet insurance providers when compared to that of developed regions. (-ve)

The MEA Pet Insurance Market has been categorised based on Policy, Policy Type & Region.

MEA Pet Insurance Market – By Policy

  • Cat Insurance
  • Dog Insurance
  • Horse Insurance
  • Rabbit Insurance
  • Exotic Pet Insurance
  • Others

MEA Pet Insurance Market – By Policy Type

  • Lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Non-lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Others

MEA Pet Insurance Market – By Region

  • Middle East
  • Africa

Based on the region, the pet insurance market in the Middle East and Africa is analyzed under the countries of Gulf countries, North Africa, South Africa, and the Rest of the Middle East and Africa. The pet insurance market in this region shows decent potential for growth. It is hindered by the low penetration of insurance policy providers due to little awareness about pet insurance policies among pet owners, which results in low demand.

Top companies in the market:

In the developed pet insurance markets of the world, pet insurance companies are increasingly offering pet owners the ability to customizing the coverage provided by allowing them for choosing their levels of deductibles or co-insurances. It has resulted in the pet owner getting access to more control over the monthly premium and selecting the level of coverage that is best suited for their needs. However, the pet insurance market in the Middle East and Africa remains majorly untapped due to low penetration of pet insurance providers in the region.

Overall, the pet insurance market in the Middle East and Africa shows potential for growth if the market is tapped in a constructive manner which provides services to pet owners, and increases awareness about pet insurance in the region. The key players operating in the Middle East and Africa pet insurance market include

  • Petplan Pet Insurance
  • Embrace Pet Insurance Agency
  • Royal & Sun Alliance (RSA)
  • Pethealth Inc.
  • Agria Pet Insurance
  • Petfirst Healthcare
  • Nationwide Pet Insurance
  • PetSure Pty Ltd.
  • Petsecure Pet Health Insurance
  • Hartville Group

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Policy                            

                                5.1.1 Introduction           

                                5.1.2 Dog Insurace          

                                5.1.3 Cat Insurance         

                                5.1.4 Rabbit Insurance  

                                5.1.5 Horse Insurance   

                                5.1.6 Exotic Pet Insurance           

                                5.1.7 Others      

                                5.1.8  Y-o-Y Growth Analysis, By Policy   

                                5.1.9  Market Attractiveness Analysis, By Policy 

                                5.1.10 Market Share Analysis, By Policy 

                5.2 Policy Type                 

                                5.2.1 Introduction           

                                5.2.2 Lifetime Cover       

                                                5.2.2.1 Accident Cover

                                                5.2.2.2 Illness Cover

                                5.2.3 Non-lifetime Cover             

                                                5.2.3.1 Accident Cover

                                                5.2.3.2 Illness Cover

                                5.2.4 Others      

                                5.2.5 Y-o-Y Growth Analysis, By Policy Type         

                                5.2.6 Market Attractiveness Analysis, By Policy Type       

                                5.2.7 Market Share Analysis, By Policy Type        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Policy

                                                6.1.3.3 By Policy Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Policy

                                                6.1.4.3 By Policy Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Policy

                                                6.1.5.3 By Policy Type

                6.2 Middle-East                                

                6.3 Africa                            

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Petplan Pet Insurance                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Embrace Pet Insurance Agency                         

                8.3 Royal & Sun Alliance (RSA)                   

                8.4 Pethealth Inc.                            

                8.5 Agria Pet Insurance                 

                8.6 Petfirst Healthcare                  

                8.7 Nationwide Pet Insurance                   

                8.8 PetSure Pty Ltd.                       

                8.9 Petsecure Pet Health Insurance                        

                8.10 Hartville Group                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Policy Type, by  Non-Lifetime Cover along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

 

  1. The Middle East and Africa Pet Insurance Market, By Policy, From 2021 to 2026 (USD Billion)
  2. The Middle East and Africa Cat Insurance Market By Region, From 2021 to 2026 (USD Billion)
  3. The Middle East and Africa Dog Insurance Market By Region, From 2021 to 2026 (USD Billion)
  4. The Middle East and Africa Horse Insurance Market By Region, From 2021 to 2026 (USD Billion)
  5. The Middle East and Africa Rabbit Insurance Market By Region, From 2021 to 2026 (USD Billion)
  6. The Middle East and Africa Exotic Pet Insurance Market By Region, From 2021 to 2026 (USD Billion)
  7. The Middle East and Africa Others Market By Region, From 2021 to 2026 (USD Billion)
  8. The Middle East and Africa Pet Insurance Market, By Policy Type, From 2021 to 2026 (USD Billion)
  9. The Middle East and Africa Lifetime Cover Market By Region, From 2021 to 2026 (USD Billion)
  10. The Middle East and Africa Non-lifetime Cover Market By Region, From 2021 to 2026 (USD Billion)
  11. The Middle East and Africa Others Market By Region, From 2021 to 2026 (USD Billion)
  12. GCC Pet Insurance Market, By Policy, From 2021 to 2026 (USD Billion)
  13. GCC Pet Insurance Market, By Policy Type, From 2021 to 2026 (USD Billion)
  14. North Africa Pet Insurance Market, By Policy, From 2021 to 2026 (USD Billion)
  15. North Africa Pet Insurance Market, By Policy Type, From 2021 to 2026 (USD Billion)
  16. South Africa Pet Insurance Market, By Policy, From 2021 to 2026 (USD Billion)
  17. South Africa Pet Insurance Market, By Policy Type, From 2021 to 2026 (USD Billion)
  18. Rest of the Middle East & Africa Pet Insurance Market, By Policy, From 2021 to 2026 (USD Billion)
  19. Rest of the Middle East & Africa Pet Insurance Market, By Policy Type, From 2021 to 2026 (USD Billion)

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