Updated Jan 23, 2023 22:10

Respiration Apparatus Market in Morocco

Market Overview
In , the Moroccan respiration apparatus market decreased by -% to $, falling for the second year in a row after three years of growth. Overall, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a lower figure.


Consumption
In , consumption of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -% to units, falling for the second year in a row after three years of growth. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak volume of units. From to , the growth of the consumption failed to regain momentum.

The revenue of the respiration apparatus market in Morocco dropped to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Driven by increasing demand for respiration apparatus in Morocco, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Respiration apparatus market in Morocco consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Morocco remains a net importer of respiration apparatus; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.