Morocco Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Morocco Medical Devices Report
Product Price
$1,295.00

BMI View: Despite a slump in growth in 2016, Morocco's economic outlook remains positive and this will support high single-digit growth over our forecast period, both in local currency and US dollar terms. The expansion of universal health insurance coverage, external funding and investment in healthcare infrastructure will continue to drive market growth. The market will remain heavily import dependent .

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 273.9 8.1 2,670.6 78.7 9.8
2016 297.7 8.7 2,950.0 85.8 9.9
2017 322.6 9.3 3,161.3 90.9 9.8
2018 352.6 10.0 3,393.0 96.4 9.6
2019 381.1 10.7 3,635.3 102.2 9.5
2020 408.2 11.4 3,894.3 108.4 9.5

Latest Updates And Key Forecasts

  • We maintain our forecast that the Moroccan medical device market will grow at a CAGR of 7.8% in local currency terms over the 2015-2020 period, which will bring the total market value to MAD3.9bn in 2020. In US dollar terms, we forecast a 2015-2020 CAGR of 8.3%, taking the market from USD273.9mn in 2015 to USD408.2mn by 2020.

  • Despite a contraction in H116, we expect imports to resume their upward trajectory in 2017 boosted by modest economic growth, a slowdown in the depreciation of the dirham against the US dollar and the government's efforts to expand healthcare access and increase funding. Imports decreased by 5.6% y-o-y to USD64.6mn in Q216 and by 11.5% y-o-y to USD240.9mn in the 12 months to June 2016. In contrast, imports increased at a 2010-2015 USD CAGR of 5.6%.

  • Exports will remain low comprising of mainly consumables and will be subject to volatility. The latest available monthly trade data reveal that exports totalled USD35.8mn in Q216, an increase of 35.8% y-o-y. In the 12-months to June 2016, exports fell by 12.4% y-o-y to USD22.6mn. The USD 2010-2015 CAGR was 3.7%.

  • The Ministry of Health will continue with its programme to expand healthcare access and strengthen basic medical coverage despite the downward revision of its budget in 2017. Increasing healthcare coverage will continue to drive medical device market growth, although the introduction of new pricing control mechanisms for medical devices will squeeze supplier profit margins.

BMI Industry View
7
Table: Projected Medical Device Market, 2015-2020
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
13
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
18
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
21
Table: Consumables Market, 2011-2020 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
26
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
27
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
29
Capital Equipment
29
Instruments & Supplies
30
Table: Dental Products Market, 2010-2020 (USDmn)
30
Table: Dental Products Market, 2011-2020 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
33
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2011-2020 (% Change)
36
Patient Aids Market Forecast
37
Latest Updates
37
Structural Trends
38
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2010-2020 (USDmn)
40
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
41
Other Medical Devices Market Forecast
42
Latest Updates
42
Structural Updates
43
Table: Other Medical Devices Market, 2010-2020 (USDmn)
44
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
45
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
49
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
51
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
52
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2015
57
Table: Detailed Leading Medical Device Suppliers By Product Area, USD000s, 2015
60
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
63
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
68
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
69
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2015
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
85
Industry Risk/Reward Index
86
Table: MEA Medical Device Risk/Reward Index, Q416
87
Market Overview
88
Medical Device Market Overview
88
Table: Medical Device Market, Key Ratios, 2015
88
Table: Medical Device Market By Product Area, 2015
89
Healthcare Overview
90
Health Status
90
Healthcare System
91
Healthcare Funding
93
Healthcare Resources
95
Table: Medical Technology, 2010
97
Healthcare Activity
98
Healthcare Personnel
98
Key Healthcare Data
99
Table: Key Healthcare Data, 2010-2015
99
Industry Trends And Developments
101
Industry Trends & Developments
101
Regulatory Development
105
Medical Device Regulations
105
Medical Device Pricing & Reimbursement
106
Competitive Landscape
108
Domestic Medical Device Production
108
Table: Key Figures For Manufacturers Of Medical Equipment & Supplies, 2003-2005
108
Domestic Medical Device Manufacturing
109
Table: Medical Device Manufacturers
109
Multinational Medical Device Manufacturers
111
Multinational Market Activity
112
Baxter
112
Becton Dickinson (BD)
112
Boston Scientific
112
GE Healthcare
113
Medtronic
113
Philips
113
Siemens
114
Smith & Nephew
114
Stryker
115
Zimmer Biomet
115
Medical Device Market Access
115
Market Environment
115
Distribution
115
Trade Organisations
116
Trade Shows
116
Methodology
117
Forecast Methodology
117
Trade Code Classifications
118
Table: Rearranged HS Trade Codes
119
Risk/Reward Index Methodology
122
Table: Medical Devices Risk/Reward Index Indicators
123
Sources
125
Contact
126

The Morocco Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Morocco provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Morocco Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Morocco, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Morocco.
  • Target Business Opportunities in the Morocco Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Morocco.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.