2013-09-03 11:04:35 - New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
OVERVIEW OF THE MEDICAL MARKET IN MOROCCO
In 2013, the medical device market is estimated at US$229.7mn. However, per capita spending at around US$7 remains low, leaving considerable potential for further expansion. The local medical device manufacturing industry remains at an embryonic stage, leaving most sectors of the market reliant on imports, which totalled US$181.1mn in 2012.
Morocco is the biggest recipient of EU financial aid outside of Europe. Additionally, the EU is Morocco's main trading partner, providing 50% of imports and being the destination of 79% of exports in 2009. As such, Morocco's trade is heavily dependent upon the economic wellbeing of the eurozone. In August 2012, the EU announced further funding of EUR112mn for its 2012 Morocco action plan. Funding
is to support the government's reforms, including in public administration and the management of government finances (EUR75mn). In the same month, the IMF approved Morocco's access to the Precautionary Liquidity Line resources; in February 2013 the IMF reaffirmed that Morocco continues to qualify for this financing scheme although the IMF identified healthcare as one of the areas where Morocco needs to post an improvement.
Full Report Details at
- www.fastmr.com/prod/672588_the_medical_device_market_morocco.asp ..
The government has embarked on a major overhaul of the health sector, following two decades of underfunding and mismanagement. In addition to the modernisation and upgrading of existing facilities, the Ministry of Health's development programme includes the provision of three new teaching hospitals in Fez, Marrakech and Oujda and the rebuilding of the university hospital in Rabat was approved in February 2013. The Ministry of Health plans to improve the uneven distribution of healthcare resources through two new planning tools, the health map and the regional strategic plan, which aim to promote greater co-ordination and co-operation between the public and private sectors.
The national health insurance scheme, launched in 2005, provides substantial additional funding for the health sector. Initially aimed at salaried workers, the scheme has been expanded to cover the selfemployed. There is also a health insurance scheme for those on very low incomes, which is now scheduled to be fully operational in 2013. Approximately a third of the Moroccan population is covered by health insurance, and the long-awaited Ramed insurance scheme for low-income groups began in
April 2012, piloting in Azilal region. When fully operational, the government expects that 8.5mn people will benefit from the scheme. In March 2013, the government claimed that 5.26mn people were already part of the scheme.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS
At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.
Full text cross file searching with fast response or intuitive "drill down" into the content
Presentation-ready tables and graphics with "one click" output to other packages such as MS Excel and MS PowerPoint
View all tables and graphs independently from the text
Split screen for more efficient working
Instant machine translation into nine languages
A "Cut your own" report building feature
WITH THIS MARKET REPORT YOU CAN
Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
Profile the market for new product, licences or collaborations
Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment
The Medical Device Market Jordan
The Medical Device Market Oman
For more information please click on the link to Espicom's Medical Market Reports
In addition to the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
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About Espicom Business Intelligence
Espicom Business Intelligence is a highly-regarded and established provider of business intelligence services. Founded in 1982 as MDIS Publications Ltd, the company changed its name to Espicom in 1992. Initially a publisher in a wide range of industries such as power generation and telecommunications, they now focus on the global pharmaceutical and medical device sectors. View more research from Espicom Business Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1025
About Fast Market Research
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