Updated Jan 18, 2023 16:46

Medical Furniture Market in Morocco

Market Overview
The Moroccan medical furniture market skyrocketed to $ in , jumping 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). In general, consumption saw a strong increase. Medical furniture consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.


Consumption
In , consumption of medical, surgical or veterinary furniture in Morocco rose remarkably to units, picking up by % compared with the previous year's figure. Over the period under review, consumption continues to indicate resilient growth. Medical furniture consumption peaked at units in ; however, from to , consumption failed to regain momentum.

The revenue of the medical furniture market in Morocco skyrocketed to $ in , increasing 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). Overall, consumption posted a resilient increase. Medical furniture consumption peaked at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for medical furniture 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
Medical furniture 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 increased moderately ( percentage point) over the period under review.


Trade Balance
Morocco remains a net importer of medical furniture; 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.