Middle East and Africa Psychedelic Drugs Market Size | COVID-19 Impact Analysis, Segments, Top Key Players, Drivers and Trends to 2028:Hikma Pharmaceuticals PLC, Pfizer Inc., F. Hoffmann-La Roche
Middle East and Africa Psychedelic Drugs Market research report intensely analyses the potential of the market with respect to the existing scenarios and future prospects by considering all industry aspects of this industry. Not to mention, to do well in this competitive marketplace, a market research report plays a very central role by offering important and consequential market insights for the business. With full devotion and commitment. The winning this report carefully analyses the potential of the market with respect to the current scenario and the future prospects with respect to several industry aspects. The best solution is offered with the systematic study of all these parameters that is performed by the experts. The standard analytical methods are SWOT analysis and Porter’s Five Forces analysis that analyze and evaluate all the primary and secondary research data and information in this report. In addition, the numerical and statistical data, facts, and figures are represented with the help of charts, graphs, and tables so that users can have a better understanding. This reliable market report is bestowed with full loyalty to provide the best service and recommendations.
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 15.2% in the forecast period of 2021 to 2028 and is expected to reach USD 38.76 million by 2028. 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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MEA 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.
The awareness campaigns have encouraged people to select appropriate treatment for mental disorders procedures and professionals which is increasing the demand of psychedelic drugs and the rising awareness towards mental health is acting as a driver for the psychedelic drugs market. Changes in the regulation charges for psychedelic drugs approval and taking regulatory approval could lead to delay product launch and stringent regulatory is working as a restraint for the psychedelic drugs market. Increasing research and development expenditure in the psychedelic drugs is creating new opportunities in the psychedelic drugs market, thus increasing R&D activities in psychedelic drugs is acting as an opportunity for the growth of the psychedelic drugs market. The increasing side effects of the psychedelic drugs act as a challenge for the growth of the psychedelic drugs market in the forecasted period.
Some of the Key Players/Manufacturers Involved in the Market are:
- Jazz Pharmaceuticals, Inc.
- Janssen Pharmaceuticals, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.)
- Pfizer Inc.
- Verrian
- Avadel
- Celon Pharma S.A.
- COMPASS
- F. Hoffmann-La Roche Ltd
- Hikma Pharmaceuticals PLC
- NeuroRx, Inc.
- PharmaTher Inc.
- usonainstitute.org
Market Segmentation:
By Source (Synthetic, Natural)
Type (Empathogens, Dissociatives, Others)
Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin, Others)
Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder, Others)
Route of Administration (Oral, Inhalation, Injectable)
End User (Hospitals, Specialty Clinics, Homecare, Others)
Middle East and Africa Psychedelic Drugs Market Country Level Analysis
Middle East and Africa psychedelic drugs market is analysed and market size information is based on the country, source, type, drugs, application, route of administration, end user and distribution channel as referenced above.
The countries covered in the Middle East and Africa psychedelic drugs market report are the Saudi Arabia, UAE, Israel and Egypt.
Saudi Arabia is dominating in the Middle East and Africa psychedelic drugs market and is expected to grow with the fastest CAGR in the forecast period as the demand for psychedelic drugs are increasing very rapidly due to increasing patient population and advancement in technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Psychedelic Drugs Market Scope and Market Size
The psychedelic drugs market is segmented into seven notable segments which are based on the source, type, drugs, application, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of source, the psychedelic drugs market is segmented into synthetic and natural. In 2021, synthetic segment is dominating as most of the products are made from chemicals that are man-made with very few products such as psilocybin made from natural ingredients.
On the basis of type, the psychedelic drugs market is segmented into dissociatives, empathogens and others. In 2021, empathogens segment produce experiences of emotional communion, oneness, relatedness and used for treatment of cataplexy, narcolepsy and related disorders.
On the basis of drugs, the psychedelic drugs market is segmented into gamma-hydroxybutyric acid, ketamine, psilocybin and others. In 2021, gamma-hydroxybutyric acid segment is dominating as xyrem from Jazz Pharmaceutical is one of the oldest available psychedelic drugs available in the market holding a major share and belongs to the drug class.
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. In 2021, narcolepsy segment is dominating as xyrem from Jazz Pharmaceutical is used for its treatment and it is the major shareholder in the market.
On the basis of route of administration, the psychedelic drugs market is segmented into oral, inhalation and injectable. In 2021, oral segment is dominating as it is preferred over the various other administration routes of drug delivery.
On the basis of end user, the psychedelic drugs market is segmented into hospitals, specialty clinics, homecare and others. In 2021, hospitals segment dominate the psychedelic drugs market due to the high patient load and most of the drugs are given under doctor’s supervision.
On the basis of distribution channel, the psychedelic drugs market is segmented into hospitals pharmacy, retail pharmacy and online pharmacy. In 2021, hospitals pharmacy segment holds the largest market share as more number of patients is treated in hospitals and the demand for medicines in hospital pharmacy increases.
Table Of Content::
Section 01: EXECUTIVE SUMMARY
Section 02: SCOPE OF THE REPORT
Section 03: RESEARCH METHODOLOGY
Section 04: MARKET LANDSCAPE
Market environment
Market attributes
Market division examination
Section 05: PIPELINE ANALYSIS
Pipeline examination
Section 06: MARKET SIZING
Market definition
Market estimating
Market size and conjecture
Section 07: FIVE FORCES ANALYSIS
Section 08: MARKET SEGMENTATION
Division
Correlation
Market opportunity
Section 09: CUSTOMER LANDSCAPE
Section 10: REGIONAL LANDSCAPE
Section 11: DECISION FRAMEWORK
Section 12: DRIVERS AND CHALLENGES
Market drivers
Market difficulties
Section 13: MARKET TRENDS
Section 14: VENDOR LANDSCAPE
Outline
Scene disturbance
Section 15: VENDOR ANALYSIS
Sellers covered
Seller arrangement
Market situating of sellers
Region & Countries (Customizable):
- North America (Canada, United States & Mexico)
- Europe (Germany, the United Kingdom, Benelux, France, Russia & Italy)
- Asia-Pacific (Japan, South Korea, China, India & Southeast Asia)
- South America (Argentina, Brazil, Peru, Colombia, Etc.)
- Middle East & Africa (United Arab Emirates, Egypt, Saudi Arabia, Nigeria & South Africa)
More Information Related to TOC, Tables, and Figures Can Be Provided
- No. of Microalgae Market Report Pages: 350
- No of Tables: 220
- No of Figures: 60
Coronavirus can influence the worldwide economy in three principal ways: by straightforwardly influencing creation and request, by making store network and market disturbance, and by its monetary effect on firms and monetary business sectors. The episode of COVID-19 has welcomed impacts on numerous viewpoints, similar to flight undoings travel boycotts and isolates cafés shut all indoor occasions confined more than forty nations highly sensitive situation proclaimed monstrous easing back of the Vaccine market unpredictability falling business certainty, developing frenzy among the populace, and vulnerability about future.
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Key Points Covered in Table of Content:
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Presentation: It incorporates the goals and extent of the examination and gives features of key market fragments and players covered.
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Worldwide Microalgae Market, By Geography Analysis: All of the areas and nations examined inside the report are concentrated on market size by item and application, central members, and market figure.
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