Diagnostic Imaging Devices - Morocco

The Diagnostic Imaging Devices market market in Morocco is anticipated to witness a significant increase in revenue, projected to reach US$69.94m in 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 5.41%, leading to a market volume of US$91.00m by 2029.
In terms of global comparison, the United States is expected to generate the highest revenue in this market, with an estimated US$11.93bn in 2024.
Morocco's Diagnostic Imaging Devices market is witnessing a growing demand for advanced technologies and an increasing focus on delivering quality healthcare services.

Definition:
The market covers diagnostic imaging devices such as X-ray systems, ultrasound systems, computed tomography scanners, Magnetic resonance imaging (MRT) systems, and related components.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Siemens Healthineers, General Electric, Philips, Fujifilm Holdings. Further information on the key players can be found in the Market Shares boxes.

X-ray systems
Computed tomography (CT) scanners
Magnetic resonance imaging (MRT) systems
Positron emission tomography (PET) scanners

Non-imaging diagnostics
In vitro diagnostics (IVD)

The Diagnostic Imaging Devices market in Morocco is experiencing steady growth due to increasing customer preferences for advanced medical technology.

Customer preferences: Moroccan customers are showing a growing preference for diagnostic imaging devices that offer accurate and detailed imaging results. They value devices that can provide high-resolution images for accurate diagnosis and treatment planning. Additionally, there is a demand for devices that are compact and portable, allowing for easy transportation and use in remote areas. Moroccan customers also prioritize devices that are user-friendly and require minimal training to operate.

Trends in the market: One of the key trends in the Diagnostic Imaging Devices market in Morocco is the increasing adoption of digital imaging technology. Digital imaging devices offer several advantages over traditional film-based devices, including faster image acquisition, better image quality, and the ability to store and share images electronically. Moroccan healthcare facilities are investing in digital imaging devices to improve efficiency and enhance patient care. Another trend in the market is the growing demand for ultrasound devices. Ultrasound technology is non-invasive and does not involve exposure to ionizing radiation, making it a safe option for patients. Moroccan healthcare providers are increasingly using ultrasound devices for various applications, including obstetrics and gynecology, cardiology, and general imaging. The portability and affordability of ultrasound devices also contribute to their popularity in the market.

Local special circumstances: Morocco has made significant investments in healthcare infrastructure and technology in recent years. The government has prioritized the development of the healthcare sector, leading to the establishment of modern hospitals and clinics equipped with state-of-the-art medical devices. This has created a favorable environment for the growth of the Diagnostic Imaging Devices market in Morocco. Additionally, Morocco has a growing elderly population, which is driving the demand for diagnostic imaging devices. As the population ages, there is an increased need for early detection and diagnosis of age-related diseases and conditions. Diagnostic imaging devices play a crucial role in the diagnosis and monitoring of such conditions, leading to increased demand in the market.

Underlying macroeconomic factors: Morocco's growing economy and increasing disposable income are contributing to the growth of the Diagnostic Imaging Devices market. As the economy expands, individuals and healthcare facilities have more financial resources to invest in advanced medical technology. This enables the purchase of high-quality diagnostic imaging devices and drives market growth. Furthermore, the government's focus on improving healthcare services and infrastructure is attracting foreign investment in the healthcare sector. International manufacturers of diagnostic imaging devices are entering the Moroccan market to cater to the growing demand. This not only expands the product offerings in the market but also promotes competition and innovation. In conclusion, the Diagnostic Imaging Devices market in Morocco is witnessing steady growth due to customer preferences for advanced medical technology, including digital imaging devices and ultrasound devices. The country's investments in healthcare infrastructure and the growing elderly population are also driving market growth. Additionally, Morocco's growing economy and government initiatives to improve healthcare services are attracting foreign investment in the market.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

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

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.