The newly added report by Data Bridge Market Research entitled “Global Psychedelic Drugs Market 2021” By Manufacturers, Regions, Type and Application and Forecast gives productive ideas, updated information with the latest market intelligence and which supports with the strategic investment decisions. The exploration investigators give a detailed depiction of the value chain and its wholesaler network’s examination. This market study gives far reaching information that improves the understanding, scope, and utilization of this report. This report covers current market trends, opportunities, challenges, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, technological innovations and detailed competitive analysis of the industry players in the market.
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The major players covered in Psychedelic Drugs are:
- The Emmes Company, LLC
- F. Hoffmann-La Roche Ltd
- Dr. Reddy’s Laboratories Ltd
- Takeda Pharmaceutical Company Limited
Psychedelic drugs are also known as psychedelics are the class of hallucinogenic drugs including both classic hallucinogens as well as dissociative drugs that are used recreationally, to alter and enhance the sensory perception, elevate the mood swings, thought process, energy level promoting spiritual experiences. Psychedelic drugs have been used experimentally for psychological treatment and are able to control mind hence maintaining peace.
According to the statistic published in our World in Data 2017, the global burden of mental and substance use disorders were 122.76 million. Increase cases of mental disorders and accelerating demand of novel therapies are the drivers promoting the growth of this market.
- Increase in the prevalence of depression worldwide can act as a driver for the growth of this market
- Treatment for psychedelic drugs dependency can also boost the market growth
- Changing life style and requirement for enhanced and better life quality is propelling the market growth
- Increase special designation from the regulatory authority can drive the market growth
- Hefty and stringent regulation imposed by the government to commercialize psychedelic drugs are hindering the market growth
- High preference of non-therapeutics therapies over pharmacological therapies can also hinder the market growth
- Poor efficacy and safety profile of existing intervention also restricts the growth of the market
Psychedelic Drugs Market Segmentation:
- Major Depressive Disorder
- Resistant depression
- Panic disorder
- Post-traumatic stress disorder
- Opiate Addiction
- Lysergic Acid Diethylamide (LSD)
- 3,4-MethylEnedioxyMethamphetamine (Ecstasy)
- Gamma Hydroxybutyric Acid (GHB)
By Route of Administration
Psychedelic Drugs Market Country Level Analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Table Of Content
Research Coverage: This is the first part of the research that covers market segmentation outlines, years studied, analysis targets, major global Innovation Management Platforms manufacturers, and product range.
Key Market Features: The report here puts the spotlight on market output, revenue, usage, and potential. It also brings market trends, drivers, restraints and macroscopic indicators to light.
Profiles of companies: This section includes a broad examination of key players in the global Psychedelic Drugs market based on various factors such as the latest advances, market share and gross margins. This provides an analysis of SWOT, too.
Key Strategic Developments: All the regions evaluated in the study are examined here based on key factors such as volume, sales, market share, import, and export.
Regional demand: Each domestic market discussed here is evaluated based on the global market’s share of sales and output.
Product market penetration: It comprises of the study of costs, sales and industry overview by product type.
Competitive Landscape and Psychedelic Drugs Market Share Analysis
Few of the major competitors currently working in the global psychedelic drugs market are COMPASS, The Emmes Company, LLC, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy’s Laboratories Ltd, Takeda Pharmaceutical Company Limited, Pfizer Inc, Mylan N.V. , Merck & Co., Inc, Alkermes, ALLERGAN, H. Lundbeck A/S among others.
Key Developments in the Market:
- In October 2018, COMPASS received Breakthrough Therapy designation from the FDA for psilocybin therapy for the treatment of resistant depression. With Breakthrough Therapy designation, company can obtain all fast track designation features and FDA commitment and guidance ensuring efficient drug development programme
- In August 2018, COMPASS received new drug application approval from the FDA for the psilocybin therapy for the treatment of resistant depression. If the trial is successful, it will change the treatment landscape of patients suffering from resistant depression
Influence Highlights Of The Psychedelic Drugs Market Report:
- A comprehensive evaluation of all opportunities and risks in the Psychedelic Drugs market.
- Psychedelic Drugs market current developments and significant occasions.
- A deep study of business techniques for the development of the market-driving players.
- Conclusive study about the improvement plot of the market for approaching years.
- Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
- Favourable impressions inside imperative mechanical and publicize the latest examples striking the Global Psychedelic Drugs market.
- Impact of COVID-19 as well as how the market is functioning post-COVID-19.
- Representation of regional analysis along with country level data.
- An estimation of the entire market along with data to showcase how exactly the Psychedelic Drugsmarket is changing.
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