Outpatient Care - Morocco

Morocco

The Outpatient Care market in Morocco is expected to witness substantial growth in the coming years.
By 2024, the revenue in this market is projected to reach an impressive US$0.67bn.
Furthermore, it is estimated that the market will experience a steady annual growth rate of 7.01% from 2024 to 2029, resulting in a market volume of US$0.94bn by the end of the forecast period.
In comparison to other countries, United States is expected to generate the highest revenue in the Outpatient Care market.
In 2024 alone, the revenue United States is projected to reach a staggering US$744.80bn.
This highlights the dominant position of the United States in the global Outpatient Care market.
The demand for outpatient care in Morocco has been steadily increasing due to the country's growing population and improving healthcare infrastructure.

Key regions: United Kingdom, Japan, China, Brazil, Canada

Market

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Analyst Opinion

The Outpatient Care market in Morocco has been experiencing significant growth in recent years due to several factors.

Customer preferences: Moroccan consumers are increasingly seeking more accessible and affordable healthcare options, which has led to a rise in demand for outpatient care services. Patients prefer outpatient care as it is often less expensive than traditional hospital care and allows them to receive treatment without having to stay overnight in a hospital. Additionally, the convenience of outpatient care is appealing to patients who lead busy lifestyles.

Trends in the market: One of the major trends in the outpatient care market in Morocco is the increasing use of technology to provide telemedicine services. This allows patients to receive medical consultations and treatment remotely, which is particularly beneficial for those living in rural or remote areas. Another trend is the growth of private outpatient care providers, which are becoming increasingly popular due to their higher quality of care and shorter wait times.

Local special circumstances: Morocco has a relatively young population, with a median age of just 28 years old. This has led to an increased demand for healthcare services, particularly among younger people who are more likely to seek outpatient care. Additionally, the Moroccan government has been investing heavily in healthcare infrastructure in recent years, which has helped to improve access to outpatient care services across the country.

Underlying macroeconomic factors: Morocco has experienced strong economic growth in recent years, which has helped to drive demand for healthcare services. Additionally, the country has a relatively low healthcare expenditure per capita compared to other countries in the region, which has created opportunities for private healthcare providers to enter the market. Finally, the Moroccan government has implemented several healthcare reforms in recent years, which have helped to improve the quality and accessibility of healthcare services across the country.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.