BMI Industry View: The Moroccan market remains small, both in overall terms and also in per capita terms, le aving room for further development . With minimal medical device production, focused primarily on con sumables, Mo ro c co remains highly dependent on imports mainly from the EU -28 , and this trend is set to continue during the forecast period.
Headline Industry Forecasts
We forecast that the medical device market will grow at a US dollar CAGR of 7.1% between 2014 and 2019, which will advance the market from USD283.6mn in 2014 to USD399.1mn by 2019, equal to USD11.2 per capita.
Medical device imports supply approximately 92% of the market. As the local medical device manufacturing industry remains at an embryonic stage, most sectors of the market rely on imports, which have grown at a 2009-2014 USD CAGR of 10.8%. Imports increased by 27.1% to stand at USD276.1mn in the 12 months to March 2015. Growth was recorded in all product areas. Diagnostic imaging had the highest growth, posting a 78.0% rise to USD81.7mn.
Medical device exports are minimal. In the 12 months to March 2015, exports increased to USD26.4mn, a y-o-y rise of 45.8%. Exports of consumables, the largest product area, grew by 29.1% to USD12.0mm.
Morocco's domestic production capability is focused on consumables and overall output will remain low.
Headline Industry Risk/Reward Index
Morocco ranks as one of the least attractive markets in the Middle East and Africa (MEA) region for commercialising a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). The country's overall score for Q415 is 47.5 out of 100, up from 43.9 in Q315. This score ranks Morocco as 11 th out of the 17 key markets covered in the MEA region, just behind Bahrain, Jordan and South Africa.
Headline Healthcare Overview
Morocco has a population of around 33.5mn. Between 2009 and 2014, the population grew at a CAGR of 1.4%, with live births exceeding deaths by three to one. The 65 and...
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.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.