Morocco Neurology Devices Market Report 2022 to 2030

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.

morocco-neurology-device-market-analysis

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. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

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

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.