The research report on the Psychedelic Drugs Market provides in-depth current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability by Data Bridge Market Research. The market study conducted in this report analyzes the market status, market share, growth rate, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors in the industry. In addition, research report offers an all-inclusive assessment of the market. Our expert analysts studied the impacts of the Covid-19 pandemic on the Psychedelic Drugs Market. The global Psychedelic Drugs analysis consists primarily of products that used an accurate deployment. The report further identifies the past, present, and future trends that are expected to influence the development rate of the market. Psychedelic Drugs market consists of present as well as future data for the forecast period from 2021 to 2028, and also provides compounded annual growth rate (CAGR%), which is measured for regional markets and individual segment-wise.
The psychedelic drugs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.3% in the forecast period of 2021 to 2028 and is expected to reach USD 7,567.52 million by 2028 from USD 2,823.67 million in 2020. The rising prevalence of mental depression and anxiety and availability of off-label drugs are the major drivers which has propelled the demand of the psychedelic drugs market in the forecast period.
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Top Competitive Landscape of the Market:
- The Emmes Company, LLC
- F. Hoffmann-La Roche Ltd
- Dr. Reddy’s Laboratories Ltd
- Takeda Pharmaceutical Company Limited
Psychedelic Drugs Market Segmentation:
By Source (Synthetic, Natural)
By Type (Empathogens, Dissociatives, Others)
By Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin, Others)
By Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder, Others)
By Route of Administration (Oral, Inhalation, Injectable)
By End User (Hospitals, Specialty Clinics, Homecare, Others)
By Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy)
The research study Psychedelic Drugs market regarding size, growth, opportunities and competitive analysis has been prepared with the help of primary research, secondary research and panel review. The secondary research includes: industry publications, industry reports, trade magazines, and other publications from government and trade associations, among others. Further, the analysis done through various news articles and press releases published on reliable news journals required for every market enthusiast, policymaker, investor, and market player. The Psychedelic Drugs Market is also aids in developing counter approaches for major challenges faced by the industry. A reliable report is structured with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.
Psychedelic drugs involve various types of chemical substances including LSD and chemical extracted from plants. Psychedelic drugs have the ability to change or enhance the senosory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences. Psychedelic drugs can be categorized into empathogens and dissociative drugs (such as PCP) and serotonergic (classic hallucinogens) such as LSD.
Table of Content
Chapter 1: Introduction and Scope
Chapter 2: Key Company Profiles
Chapter 3: Psychedelic Drugs Market Explanations, Share and Forecast across type, application and geography
Chapter 4: Psychedelic Drugs Industry Consumption by Regions
Chapter 5: Market Explanation of Asia Pacific region
Chapter 6: Market Explanations of Europe region
Chapter 7: Market Explanation of Asia Pacific region
Chapter 8: Market Explanations of North America region
Chapter 9: Market Explanations of Middle East and Africa region
Chapter 10: Key Important features of the Psychedelic Drugs market
Chapter 11: Key trends of the market and the market Opportunities
Chapter 12: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 13: Research Findings and Conclusion
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Global Psychedelic Drugs Market Scope and Market Size
On the basis of source, the psychedelic drugs market is segmented into synthetic and natural.
On the basis of type, the psychedelic drugs market is segmented into dissociatives, empathogens and others.
On the basis of drugs, the psychedelic drugs market is segmented into gamma-hydroxybutyric acid, ketamine, psilocybin and others.
On the basis of application, the psychedelic drugs market is segmented into narcolepsy, treatment resistant depression, post-traumatic stress disorder, major depressive disorder, opiate addiction and others.
On the basis of route of administration, the psychedelic drugs market is segmented into oral, inhalation and injectable.
On the basis of end user, the psychedelic drugs market is segmented into hospitals, specialty clinics, homecare and others.
On the basis of distribution channel, the psychedelic drugs market is segmented into hospitals pharmacy, retail pharmacy and online pharmacy.
Competitive Landscape and Psychedelic Drugs Market Share Analysis
The major companies providing psychedelic drugs are Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, COMPASS, Verrian, Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc., PharmaTher Inc., Avadel, Celon Pharma S.A., NeuroRx, Inc., usonainstitute.org among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In August 2020, Janssen Pharmaceuticals, Inc. received approval for its Spravato nasal spray for treatment of suicidal people. As per the data published, approximately 11% to 12% of Americans suffers from major depressive disorder that led them to commit suicide. Hence, this approval provided these patients with a remarkable therapy and allowed company to generate more revenue.
- In January 2020, Jazz Pharmaceuticals, Inc. has received the marketing authorization of solriamfetol (Sunosi) indicated for treatment of excessive daytime sleepiness in adults with narcolepsy. This authorization allowed the company to enhance product distribution network and to generate more revenue in the market.
The key questions answered in this report:
- What are the trend factors that influence market shares and the growth rate be in 2028?
- What are the key results of Porter’s five-force model?
- What are the challenges to market growth?
- What will the market size and key market trends impacting the growth of the Psychedelic Drugs Market?
- What are the key factors driving the Psychedelic Drugs market?
- What are the risks and challenges facing the Psychedelic Drugs market?
- Who are the key vendors in the Psychedelic Drugs market?
- What are the market opportunities and threats faced by the vendors in the Global Psychedelic Drugs Market?
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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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