Middle East and Africa Pet Insurance Market to Grow with a CAGR of 12.02% through 2030

The Middle East and Africa Pet Insurance Market is driven by rising pet ownership, increasing veterinary costs, growing awareness of pet healthcare, digital insurance expansion, and insurer-veterinary partnerships.

According to TechSci Research report, “Middle East and Africa Pet Insurance Market – By Country, Competition, Forecast & Opportunities, 2030F”, the Middle East and Africa Pet Insurance Market stood at USD 405.67 Million in 2024 and is anticipated to grow USD 801.54 Million by 2030 with a CAGR 12.02% during forecast period. The Middle East and Africa pet insurance market is experiencing steady growth, driven by increasing pet ownership, rising veterinary costs, and greater awareness of pet healthcare. As pet owners seek financial protection against unexpected medical expenses, the demand for insurance policies covering accidents, illnesses, and routine care is rising. Countries like Saudi Arabia, the UAE, and South Africa are leading the market due to higher pet adoption rates and advanced veterinary infrastructure. Additionally, the growing humanization of pets and the influence of Western lifestyles have contributed to a shift in how pet care is perceived, boosting insurance adoption in the region.

One of the major trends shaping the market is the demand for customized and flexible insurance policies. Pet owners are looking for tailored plans that suit their pet’s breed, age, and health conditions. Insurance companies are now offering modular plans, including wellness coverage, accident-only policies, and add-ons like dental care and alternative treatments. The rise of digital platforms and insurtech solutions is another significant trend, allowing customers to compare policies, purchase insurance, and file claims conveniently through mobile apps and websites. Additionally, partnerships between insurers and veterinary clinics are expanding, ensuring seamless billing processes and improving customer trust in pet insurance services.

The future of the pet insurance market in the Middle East and Africa appears promising, with opportunities for growth through increased awareness campaigns, affordable pricing models, and technological advancements. As more insurance providers enter the market and regulatory frameworks improve, pet owners will have greater access to flexible and cost-effective coverage. Additionally, the expansion of telehealth services and digital claims processing will enhance customer experience and boost market adoption. With a strong focus on preventive pet healthcare and wellness plans, the industry is set to evolve, ensuring better healthcare access and financial security for pet owners across the region.

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The Middle East and Africa Pet Insurance Market is segmented into policy type, animal type, country and company.

Based on the policy type, Lifetime Cover was the fastest-growing segment in the Middle East and Africa pet insurance market, driven by increasing veterinary costs, rising pet humanization, and growing awareness of long-term pet healthcare. This coverage provides comprehensive protection for chronic illnesses, hereditary conditions, and ongoing medical treatments, making it highly attractive to pet owners seeking financial security. As advanced veterinary treatments become more expensive, owners prefer policies that offer continuous support throughout their pet’s life. Additionally, insurers are focusing on Lifetime Cover as a premium offering, enhancing customer retention. The rise of digital platforms and flexible payment options further boosts its adoption.

Based on country, UAE was the fastest-growing region in the Middle East and Africa pet insurance market, driven by increasing pet ownership, rising disposable incomes, and a strong demand for premium pet healthcare. Urbanization and a large expatriate population have fueled the adoption of dogs and cats, leading to higher insurance demand. The UAE’s well-developed veterinary infrastructure, high treatment costs, and growing awareness of pet wellness contribute to market expansion. Additionally, the rise of digital insurance platforms, telehealth services, and partnerships between insurers and veterinary clinics has enhanced accessibility. Government initiatives supporting animal welfare and pet-friendly policies further accelerate market growth.

Major companies operating in Middle East and Africa Pet Insurance Market are:

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

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“The Middle East and Africa pet insurance market is driven by rising pet ownership, increasing veterinary costs, growing awareness of pet healthcare, expanding digital insurance platforms, and insurer-veterinary partnerships. Key trends include the demand for customized insurance plans, the rise of insurtech solutions, and seamless digital claim processing. Strategic collaborations between insurers and veterinary clinics are enhancing service accessibility and customer trust. Additionally, preventive healthcare coverage, including wellness plans and alternative treatments, is gaining popularity.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Middle East and Africa Pet Insurance Market By Policy Type (Lifetime Cover, Non-lifetime Cover, Accidental Cover, Illness Cover), By Animal Type (Cat, Dog, Horse, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Middle East and Africa Pet Insurance Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Middle East and Africa Pet Insurance Market.

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