Artificial Coma/Medically Induced Coma Market

Artificial Coma Market Insight 2030

The global artificial coma/medically induced coma market size was valued at $640.17 Million in 2020, and is projected to reach $868.63 Million by 2030, registering a CAGR of 3.1%. Medically induced coma is also known as drug-induced coma. It is induced in patients in case of traumatic brain injury, where there is a need to cure the infection. At that time doctors use certain drugs to induce coma. It is a state of unconsciousness that the body doesn’t feel pain. It is an effective shutdown of the brain activity during surgical procedure of trauma. Shutting down the function of the brain gives time to heal. In addition, there are numerous reasons to induce coma in patients with critical health issues, which includes brain infection such as meningitis and rabies. 

The COVID-19 outbreak is anticipated to have a slightly positive impact on growth of the global artificial coma/medically induced coma market owing to the increasing used anesthetic drugs for the Covid-19 patients those were at high risk of brain infection. Many Covid-19 patients were put on artificial coma/medically induced coma to save the patients from internal brain swelling. The Covid-19 patient usually take 10 days to 3 months to get out of the medically induced coma.

Meningitis is an inflammation caused to brain and spinal cord. It causes swelling of the brain. Meningitis includes some types such as bacterial meningitis, viral meningitis, and fungal meningitis. In case of bacterial meningitis, bacteria enter the blood stream and travel to the brain and cause bacterial meningitis. It can be life threatening, if not treated at the right time. Therefore, it requires a surgical procedure to cure the infection. Artificial coma is an option to reduce the pain during surgery and the patient is unaware about this. 

Anesthetics are used to induce coma, they are propofol and barbiturate. Propofol is a sedative agent that can be used for the induction of general anesthesia. Propofol slows down the function of the brain. It is used to sedate patients who are under critical care and require a mechanical ventilator in intensive care unit. Moreover, barbiturate is also an anesthetic drug and also called as central nervous system depressant. It is available under the brand names such as butabarbital, pentobarbital, phenobarbital and others. 

Growth of the global artificial coma market is majorly driven by increase in prevalence of traumatic brain injury; increase in various types of brain infection such as meningitis; increase in cases of wound exposure that causes harm to the brain. Therefore, these aforementioned factors increase the use of anesthetics to induce coma, which drives the growth of the medical induced coma market. According to the American Heart Association Stroke Statistical Update in 2019, there were 101.5 million cases of stroke. Whereas, out of this an ischemic stroke cases was 77.2 million, intracerebral hemorrhage cases were 20.7 million. Thus, rise in burden of stroke is increasing the number of surgeries. 

Traumatic brain injury is the main cause of death and disability, there were an approximately 500-800 new cases of traumatic brain injury each year in the U.S and New Zealand. These aforementioned factors led to surge in usage of anesthetics to induce coma during treatment of traumatic brain injury and are anticipated to drive the growth of the medical induced coma market. Furthermore, rise in geriatric population leads to surge in cardiovascular and chronic diseases, these factors fuel the growth of the artificial coma market. For instance, in August 2019, AstraZeneca launched propofol injectable, which is used for the maintenance of general anesthesia for mechanically ventilated patients in intensive care unit. In May 2020, Hikma Pharmaceuticals announced the launch of propofol injectable emulsion for maintenance of sedation and anesthesia. Thus, increase in usage of anesthetics during surgical procedure fuels the market growth.

The presence of key players such as neon laboratories, Claris Life Sciences, Teva Pharmaceuticals, and Piramal Healthcare, and rise in initiatives of key players in the field of new drug innovation drives the growth of the artificial coma market.

What is the Impact of COVID-19 Pandemic on the Artificial Coma Market?

The COVID-19 outbreak is anticipated to have a positive impact on the global artificial coma market. At the starting of July 2020, a few cases have been reported brain infection of meningitis with COVID-19 at the same time. Therefore, anesthetics play an important role during treatment, these aforementioned factors are anticipated to drive the artificial coma market during the forecast period.
However, the side effects associated with use of anesthetics for induced coma hinder the market growth during the forecast period.

Artificial Coma Market Segmentation

The global medical induced coma market is segmented on the basis of drug type, application, distribution channel and region. By drug type, the market is categorized into propofol and barbiturate. 

On the basis of application, it is divided into status epilepticus, stroke, traumatic brain injury, brain infections, drug overdose, and others. 

On the basis of distribution channel, it is divided into hospital pharmacies, and drug stores and retail pharmacies.

Region-wise, the artificial coma market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America and Middle East & Africa).

Segment Review

Depending on drug type, the propofol segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical industry, increase in number of surgeries, and surge in production of new drug launch. However, the barbiturate segment is expected to witness considerable growth during the forecast period, owing to increase in number of traumatic brain injury and increase in number of key players for development of anesthetics drug.

By application, the stroke segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in prevalence of stroke. However, the status epilepticus segment is expected to witness considerable growth during the forecast period, due to increase in number of COVID-19 cases causing meningitis, rise in number of surgical procedures, and development of advanced drugs to complete the needs in healthcare.

On the basis of distribution channel, the hospital pharmacies segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to large number of key players offering various types of anesthetic drugs, increase in demand for safe care, and advancement in R&D activities for drug discovery. However, the drug stores & retail pharmacies segment is expected to witness considerable growth during the forecast period, owing to increase in cerebrovascular diseases, which can lead to stroke, or even death.

North America garnered a major share in the artificial coma market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in prevalence of traumatic brain injury, presence of key players, development of the healthcare sector, and presence of new innovative medications in the region. However, Asia-Pacific is expected to register the highest CAGR of 3.6% from 2021 to 2030, owing to increase in prevalence of geriatric population, and development of healthcare infrastructure.

The key players operating in the global artificial coma market include Astrazeneca Plc., B. Braun Melsungen, Baxter Healthcare Corporation, Dr.Reddy's Laboratories, Fresenious SE& CO., Hikma Pharmaceuticals, Pfizer Inc., Piramal Healthcare, Teva Pharmaceuticals Industries Ltd., and Viatris Inc.

Key Benefits for Stakeholders

• The study provides an in-depth analysis of the medical induced coma market, and the current trends & future estimations to elucidate imminent investment pockets.
• It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing artificial coma market opportunities.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the artificial coma market.

 Artificial Coma/Medically Induced Coma Market Report Highlights