Market Size of Artificial Coma/Medically Induced Coma Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 3.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Artificial Coma/Medically Induced Coma Market Analysis
The Artificial Coma/Medically Induced Coma Market is expected to register a CAGR of 3% during the forecast period.
Factors such as an increase in cases of brain injury and diseases and a rise in surgical procedures, coupled with the increased adoption of artificial coma to protect the brain during significant neurosurgery, are expected to bolster the market growth over the study period. Furthermore, the rising prevalence of neurological diseases globally is anticipated to boost the market growth over the forecast period. For instance, according to a study published in the Journal of Clinical Medicine in February 2023, neurological disorders currently affect around 15% of the global population. They are among the leading causes of physical and cognitive disabilities worldwide.
Furthermore, according to the American Cancer Society 2023 update, about 24,810 cases of new malignant tumors of the brain or spinal cord cases were diagnosed in 2023 in the United States. These numbers would be much higher if benign (non-cancer) tumors were also included. Therefore, the high estimated prevalence of neurological cancers is anticipated to increase the demand for artificial coma, bolstering the market growth.
Moreover, a rise in the adoption of artificial coma drugs in major brain surgeries may further contribute to market growth. For instance, according to an article published in PubMed in January 2022, propofol causes a specific reorganization of the brain's neural networks when a person loses consciousness. The brain network's response to propofol in individuals with consciousness problems may disclose the patient's underlying potential for consciousness.
Furthermore, the presence of key players and their strategic product launches are expected to bolster market growth. For instance, in August 2022, Genixus, a pharmaceutical company, launched propofol as a critical offering in its KinetiX platform, specifically in RTA syringe products. The KinetiX RTA platform debuted its propofol syringe, which was designed to optimize workflows and improve care delivery.
Thus, the high prevalence of brain-related diseases and the rise in the adoption of artificial coma procedures are expected to bolster market growth. However, the side effects, such as confusion, delirium, and immobility, associated with artificial coma may hinder the market growth over the forecast period.
Artificial Coma/Medically Induced Coma Industry Segmentation
As per the scope of the report, a controlled amount of an anesthetic agent, such as barbiturates like pentobarbital or thiopental, causes a transient coma known as an induced coma, sometimes referred to as a medically induced coma, barbiturate-induced coma, or drug-induced coma.
The artificial coma/medically induced coma market is segmented by drug type, application, distribution channel, and geography. By drug type, the market is segmented into propofol, barbiturate, and other drug types. By application, the market is segmented into status epilepticus, stroke, traumatic brain injury, brain infections, drug overdose, and other applications. By distribution channel, the market is segmented into hospital pharmacies, drug stores, and retail pharmacies. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. The report offers the market sizes and forecasts in terms of value (USD) for all the abovementioned segments.
By Drug Type | |
Propofol | |
Barbiturate | |
Others |
By Application | |
Status Epilepticus | |
Stroke | |
Traumatic Brain Injury | |
Brain Infections | |
Drug Overdose | |
Others |
By Distribution Channel | |
Hospital Pharmacies | |
Drug Stores & Retail Pharmacies |
Geography | ||||||||
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Rest of the World |
Artificial Coma/Medically Induced Coma Market Size Summary
The artificial coma/medically induced coma market is poised for growth, driven by an increase in brain injuries, neurological diseases, and surgical procedures requiring brain protection during significant neurosurgeries. The rising prevalence of neurological disorders and cancers, such as malignant tumors of the brain and spinal cord, is expected to further fuel demand for artificial coma procedures. The adoption of advanced drugs like propofol, which influences brain neural networks, is also contributing to market expansion. Strategic product launches by key players, such as Genixus's introduction of propofol in its KinetiX platform, are enhancing care delivery and optimizing workflows, thereby supporting market growth. However, potential side effects associated with artificial coma procedures, such as confusion and immobility, may pose challenges to market expansion.
The market is experiencing significant growth in the traumatic brain injury (TBI) segment, driven by the increasing incidence of TBIs from accidents, sports injuries, and other causes. Government initiatives and funding, such as the FY23 Defense Appropriations Act's support for TBI research, are bolstering this segment's growth. North America is expected to witness substantial market growth due to its robust healthcare infrastructure, high prevalence of brain tumors, and strategic product launches by major industry players. The semi-consolidated nature of the market, with companies like B Braun SE, Baxter Healthcare Corporation, and Fresenius SE & Co. KGaA, facilitates global distribution and collaboration. Recent product launches, such as Hikma Pharmaceuticals' Midazolam Injection, further illustrate the dynamic nature of the market, targeting preoperative sedation and anxiolysis.
Artificial Coma/Medically Induced Coma Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 The Growing Burden of Various Brain Diseases and Injuries
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1.2.2 Rise in Surgical Procedures
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1.3 Market Restraints
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1.3.1 Side Effects Associated with the Anesthesia Drugs
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Drug Type
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2.1.1 Propofol
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2.1.2 Barbiturate
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2.1.3 Others
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2.2 By Application
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2.2.1 Status Epilepticus
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2.2.2 Stroke
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2.2.3 Traumatic Brain Injury
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2.2.4 Brain Infections
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2.2.5 Drug Overdose
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2.2.6 Others
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2.3 By Distribution Channel
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2.3.1 Hospital Pharmacies
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2.3.2 Drug Stores & Retail Pharmacies
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Rest of the World
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Artificial Coma/Medically Induced Coma Market Size FAQs
What is the current Artificial Coma/Medically Induced Coma Market size?
The Artificial Coma/Medically Induced Coma Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Artificial Coma/Medically Induced Coma Market?
B Braun SE, Baxter Healthcare Corporation, Aspen Holdings, Fresenius SE & Co. KGaA and Piramal Enterprises Ltd. are the major companies operating in the Artificial Coma/Medically Induced Coma Market.