Middle East And Africa Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insurance, Exotic Pet Insurance, Others), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

Middle East And Africa Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insurance, Exotic Pet Insurance, Others), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

ID: 8176 | Pages: 145 | October 2018 | Region: Middle East and Africa


What it’s all about:

Pet Insurance pays partly or in total for the treatment of the injured or ill pet of the insured person. Some pet insurance policies also pay out in cases of the death of the pet, and also when the pet is lost or stolen. Pet insurance coverage includes unexpected illnesses, accidents, and injuries for pet animals such as dogs, cats, rabbits, horses, exotic pets, and other pets, depending on the policy chosen.

                Contrary to popular thinking, pet insurance is not a variation of human health insurance, and is actually a form of property insurance, wherein pet owners are reimbursed by the insurance firm in response to the claims filed by the owner.

Coverage of some policies includes congenital, hereditary, and chronic conditions such as cancer, and costs associated with the diagnosis of the same such as CAT scan, ultrasound imaging, veterinary exam fees, prescription medication, MRI testing, and even non-routine dental treatment. However, there are pet insurance plans which do not cover routine dental cleaning, parasite or preventative flea treatments, and particular hereditary and congenital conditions.

Market Stats:

The Middle East and Africa Pet Insurance market size was around USD 290 million in 2018. It is expected to grow at a CAGR of 9.9% to reach USD 460 million by 2023.

What’s affecting market growth:

•             Increase in the disposable incomes which provides opportunity for spending on the healthcare of companion animals. (+ve)

•             Low awareness among consumers about insurance policies and policy types. (-ve)

•             Rising veterinary costs which 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)

Market Segmentation:

The pet insurance market is categorised on the basis of policy, policy type, and region.

The policy segment of the market is categorised into

•             Cat Insurance

•             Dog Insurance

•             Horse Insurance

•             Rabbit Insurance

•             Exotic Pet Insurance

•             Others

The dog insurance segment accounts for the major share of the market, followed by the cat insurance segment. The major share of the dog insurance segment is owing to the increasing popularity of dog ownership not only for bonding purposes but also as a status symbol. The exotic pet insurance segment is expected to be the fastest growing segment justified by the growing number of premiums filed for exotic pets, fuelled by the increased availability and ease of buying of exotic pets, followed consequently by lucrative insurance plans from insurance firms.

On the basis of policy type, the market is categorised into

•             Lifetime Cover

o             Accidental Cover

o             Illness Cover

•             Non-lifetime Cover

o             Accidental Cover

o             Illness Cover

•             Others

The lifetime cover segment accounts for the major market share, followed by the non-lifetime cover segment. The major share of the lifetime cover segment is owing to the growing number of pet owners subscribing to insurance plans with very young pets in comparison to those pet owners having grownup or old pets and generally opt for non-lifetime cover plans.

On the basis of 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 Middle East and Africa. The pet insurance market in this region shows decent potential for growth, and is hindered by the low penetration of insurance policy providers due to low awareness about pet insurance policies among pet owners, which results in a low demand.

Market Players:

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

Overall, the pet insurance market in 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

                                                                                                                          

TitlePriceAdd To Cart
  1. Middle East and Africa Pet Insurance Market Market By Policy, From 2018-2023 ( USD Billion )
  2. Middle East and Africa Cat Insurance Market By Region, From 2018-2023 ( USD Billion )
  3. Middle East and Africa Dog Insurance Market By Region, From 2018-2023 ( USD Billion )
  4. Middle East and Africa Horse Insurance Market By Region, From 2018-2023 ( USD Billion )
  5. Middle East and Africa Rabbit Insurance Market By Region, From 2018-2023 ( USD Billion )
  6. Middle East and Africa Exotic Pet Insurance Market By Region, From 2018-2023 ( USD Billion )
  7. Middle East and Africa Others Market By Region, From 2018-2023 ( USD Billion )
  8. Middle East and Africa Pet Insurance Market Market By Policy Type, From 2018-2023 ( USD Billion )
  9. Middle East and Africa Lifetime Cover Market By Region, From 2018-2023 ( USD Billion )
  10. Middle East and Africa Non-lifetime Cover Market By Region, From 2018-2023 ( USD Billion )
  11. Middle East and Africa Others Market By Region, From 2018-2023 ( USD Billion )
  12. GCC Pet Insurance Market Market By Policy, From 2018-2023 ( USD Billion )
  13. GCC Pet Insurance Market Market By Policy Type, From 2018-2023 ( USD Billion )
  14. North Africa Pet Insurance Market Market By Policy, From 2018-2023 ( USD Billion )
  15. North Africa Pet Insurance Market Market By Policy Type, From 2018-2023 ( USD Billion )
  16. South Africa Pet Insurance Market Market By Policy, From 2018-2023 ( USD Billion )
  17. South Africa Pet Insurance Market Market By Policy Type, From 2018-2023 ( USD Billion )
  18. Rest of Middle East & Africa Pet Insurance Market Market By Policy, From 2018-2023 ( USD Billion )
  19. Rest of Middle East & Africa Pet Insurance Market Market By Policy Type, From 2018-2023 ( USD Billion )
UK Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse I...
Middle East And Africa Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbi...
Latin America Pet Insurance Market by Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), by Policy (Dog Insurance, Cat Insurance, Rabbit Insuran...
Asia Pacific Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insuranc...
Europe Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Hor...
North America Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insuran...
Pet Insurance Market By Policy Type (Lifetime Cover (Accident Cover, Illness Cover), Non-Lifetime Cover (Accident Cover, Illness Cover), Others), By Policy (Dog Insurance, Cat Insurance, Rabbit Insurance, Horse Insu...
Latin America Veterinary Hematology Analyzers Market By Product (Table Top Analyzers, Point Of Care Analyzers), By Analysis Parameter (2 Part WBC Differential, 3 Part WBC Differential, 5 Part WBC Differential, And O...
Asia Pacific Veterinary Hematology Analyzers Market By Product (Table Top Analyzers, Point Of Care Analyzers), By Analysis Parameter (2 Part WBC Differential, 3 Part WBC Differential, 5 Part WBC Differential, And Ot...
Europe Veterinary Hematology Analyzers Market By Product (Table Top Analyzers, Point Of Care Analyzers), By Analysis Parameter (2 Part WBC Differential, 3 Part WBC Differential, 5 Part WBC Differential, And Others),...
North America Veterinary Hematology Analyzers Market By Product (Table Top Analyzers, Point Of Care Analyzers), By Analysis Parameter (2 Part WBC Differential, 3 Part WBC Differential, 5 Part WBC Differential, And O...
Veterinary Hematology Analyzers Market Segmented By Product, By Analysis Parameter, By End User, And By Region - Global Growth, Trends, And Forecast To 2024...

"We Think Through Different Layers, We Work Across Different Verticals."

Market Data Forecast, Inc.
2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
+1-888-702-9626 (U.S. TOLL FREE)
contact@marketdataforecast.com


Subscribe To Our News Letter

Or follow us on social platform

© 2019 Market Data Forecast
All Rights Reserved.