Morocco Neurology Devices Market Analysis

Morocco Neurology Devices Market Analysis

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The Morocco Neurology Device Market is expected to witness growth from $16 Mn in 2022 to $xx Mn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. In Morocco, the incidence of neurological conditions like seizures, stroke, and Parkinson's disease is rising. Ageing populations, shifting lifestyle preferences, and growing public knowledge of neurological disorders all contribute to this. It is anticipated that this rising prevalence will raise the demand for Neurology Devices in Morocco. The market is segmented by product type and by the end user. Some key players in this market include Promamec, Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Abbott Laboratories and Philips Healthcare.

ID: IN10MAMD012 CATEGORY: Medical Devices GEOGRAPHY: Morocco AUTHOR: Jigyasu Bhandari

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Morocco Neurology Devices Market Executive Analysis

The Morocco Neurology Devices Market size is at around $16 Mn in 2022 and is projected to reach $xx Mn in 2030, exhibiting a CAGR of xx% during the forecast period. Morocco will spend $2.6 billion on healthcare in 2023, an increase of $418 million annually. The National Healthcare Plan 2025 was unveiled by the Ministry of Health in May 2018. It has a budget of about $2.5 billion, of which $1.5 billion will be used to increase hospital capacity and $1 billion to strengthen different national health and disease-control programmes.

A Neurological condition known as epilepsy is marked by recurrent seizures. Around 6.8 individuals per 1,000 people in Morocco have epilepsy. The main cause of death and disability globally is stroke. Around 1.7 strokes occur for every 1,000 individuals in Morocco. Parkinson's disease is a neurological condition that worsens over time and impairs mobility. Parkinson's disease affects about 29.4 out of every 100,000 individuals in Morocco. The central nervous system is affected by the autoimmune illness known as Multiple Sclerosis (MS). Around 2.1 people per 1,000 inhabitants in Morocco have MS. Neurology Devices are used to identify neurological conditions like seizures, stroke, and multiple sclerosis. These devices can assist healthcare professionals in visualising the brain and nervous system, tracking brain activity, and spotting anomalies that might be signs of neurological disease. In order to aid patients in recovering from neurological illnesses or injuries, neurology devices are also used in rehabilitation environments. For instance, equipment like Functional Electrical Stimulation (FES) systems is used to assist patients in regaining muscle function following a spinal cord injury or stroke.


Market Dynamics

Market Growth Drivers

In Morocco, the incidence of neurological conditions like seizures, stroke, and Parkinson's disease is rising. Ageing populations, shifting lifestyle preferences, and growing public knowledge of neurological disorders all contribute to this. It is anticipated that this rising prevalence will raise demand for neurology devices in the country. Neurology devices are becoming more accurate, secure, and simple to use thanks to technological advancements. This is increasing the demand for newer, more sophisticated devices and opening up chances for manufacturers to produce and market cutting-edge devices in Morocco. The Moroccan ministry has started a number of projects to develop the nation's healthcare system. This covers expenditures on medical facilities like clinics, hospitals, and tools. The government is anticipated to raise spending on neurology devices as part of this initiative, presenting opportunities for manufacturers.

Market Restraints

In Morocco, there is fierce competition for market dominance among manufacturers of neurology devices, both domestic and foreign. In order to compete, producers must distinguish their services and devices. For manufacturers, complying with Morocco's regulatory standards for neurology devices can be problematic. Regulatory approval can be a time-consuming and costly process for new neurology devices.

Competitive Landscape

Key Players

  • Promamec (MAR)
  • Philips Healthcare
  • Medtronic
  • Abbott Laboratories
  • Johnson & Johnson
  • Boston Scientific
  • Nihon Kohden
  • GE Healthcare

Notable Recent Deals

2020: In order to assist Morocco's healthcare system, Siemens Healthineers and the Ministry of Health of Morocco inked a partnership agreement in 2020. In accordance with the agreement, a healthcare worker training facility would be established, and neurology devices would be supplied.

2020: To sell Natus Medical's products in Morocco, Maghreb Medical and Natus Medical, a US-based medical device business, entered into a partnership agreement in 2020. The distribution of neurology devices, including EEG and EMG devices, was covered by the agreement.

Healthcare Policies and Regulatory Landscape

The National Regulatory Authority for Medicines and Health Products (ANAM) oversees the legal environment for neurology devices in Morocco. The nation's neurology devices are subject to safety, quality, and effectiveness regulations set by ANAM. Before launching their products on the Moroccan market, neurology device manufacturers must receive regulatory clearance from ANAM. The regulatory procedure entails an examination of the device's technical specs, clinical data, and labelling details. To make sure that manufacturing sites are ensuring the implementation, ANAM also performs routine inspections. Neurology devices in Morocco must also abide by the rules of the Ministry of Industry, Trade, and the Green and Digital Economy (IMANOR) and the Moroccan Standardization Institute (IMANOR).  The regulatory framework for the neurology devices market in Morocco is focused on encouraging the use of contemporary medical technologies while ensuring patient safety and the standard of care.

1. Report Description of the Morocco Neurology Device Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Morocco Neurology Device Market Executive Summary
2.1 Morocco Neurology Device Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Morocco Neurology Device Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Morocco Neurology Device Market Segmentation

4.1 By Device Type
4.1.1 Neurostimulation
4.1.2 Interventional Neurology
4.1.3 CSF Management
4.1.4 Neurosurgery Devices

4.2 By End User
4.2.1 Hospitals and Clinics
4.2.2 Speciality Centres
4.2.3 Others

5. Morocco Neurology Device Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives 

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Morocco
8.2 Regulatory Framework in Morocco
8.3 Pricing & Reimbursement Scenario in Morocco Neurology Device Market

9. Factors Driving Future Growth
9.1 New Trends and Development Morocco Neurology Device Market
9.2 Future Opportunities

10. Strategic Recommendations

Neurology Device Market Segmentation

The Neurology Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Neurostimulation
  • ?Spinal Cord Stimulation Devices
  • Deep Brain Stimulation Devices
  • Sacral Nerve Stimulation
  • Vagus Nerve Stimulation
  • Gastric Electric Stimulation
  • Interventional Neurology
    • Aneurysm Coiling & Embolization
    • Embolic Coils
    • Flow Diversion Devices
    • Liquid Embolic Agents
    • Cerebral Balloon Angioplasty & Stenting
    • Carotid Artery Stents
    • Filter Devices
    • Balloon Occlusion Devices
    • Neurothrombectomy
    • Clot Retriever
    • Suction Aspiration Devices
    • Snares
  • CSF Management
    • CSF Shunts
    • CSF Drainage
  • Neurosurgery Devices
    • Ultrasonic Aspirators
    • Stereotactic Systems
    • Neuroendoscopes
    • Aneurysm Clips

By End User (Revenue, USD Billion):

  • ??Hospitals and Clinics
  • Specialty Centres
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 15 March 2023

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