Psychedelic Drugs Market 2021| Industry Size, Share, Demand, Manufacturers and Forecast Research 2028

Psychedelic Drugs Market research report proves to be true in serving the purpose of businesses of making enhanced decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing market goals. This market report is a resource that makes available current as well as upcoming technical and financial details of the industry to 2028. The report explains market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the major market players. Moreover, the first class Psychedelic Drugs Market business document provides the data and information for actionable, most recent, and real-time market insights which make it unfussy to take critical business decisions.

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 have propelled the demand of the psychedelic drugs market in the forecast period.

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The universal Psychedelic Drugs Market Report provides industry chain suppliers of the market with contact information. It includes potential and niche segments/regions exhibiting promising growth. Under market development, it gives comprehensive information about emerging markets and also analyses the market across geographies. It gives comprehensive overview of the Psychedelic Drugs Market. The report contains information about the top players in this industry, their product portfolios, and their key strategies.

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 sensory 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.

Scope of the Global Psychedelic Drugs Market:
All country-based analysis of global psychedelic drugs market is further analysed based on further segmentation. 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 Analysis of Psychedelic Drugs Market:
The psychedelic drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus.

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Psychedelic Drugs Market Key Competitors:
The major players covered in the report 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

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Segmentation: Global Psychedelic Drugs Market:

• 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 dominates the psychedelic drugs market due to the high patient load and most of the drugs are given under doctors’ 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 a larger number of patients are treated in hospitals and the demand for medicines in hospital pharmacy increases.

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Some of the Major Highlights of TOC covers: Global Psychedelic Drugs Market

LIST OF TABLES

• TABLE 1 U.S. PSYCHEDELIC DRUGS MARKET, COMPANY WISE PIPELINE ANALYSIS
• TABLE 2 U.S. PSYCHEDELIC DRUGS MARKET, RESEARCH INSTITUTE PIPELINE ANALYSIS
• TABLE 3 PSYCHEDELICS RESEARCHES, IN EUROPE
• TABLE 4 MENTAL ILLNESS IN THE U.S. ADULTS, IN 2018
• TABLE 5 MENTAL DISORDERS, IN THE U.S. ADULTS, IN 2018
• TABLE 6 MORE THAN ONE IN SIX PEOPLE IN EU COUNTRIES HAVE A MENTAL HEALTH PROBLEM
• TABLE 7 MEN ARE MORE LIKELY TO DIE FROM SUICIDE, IN ALL EU COUNTRIES
• TABLE 8 MENTAL DISORDERS CAUSED BY USAGE OF SUBSTANCE DISORDERS, IN WORLD, IN 2017
• TABLE 9 DRUG DEVELOPMENT PATHWAY FOR FDA APPROVAL OF NEW MEDICATIONS
• TABLE 10 THE 1971 UN CONVENTION ON PSYCHOTROPIC SUBSTANCES
• TABLE 11 COST OF PSYCHEDELIC DRUGS
• TABLE 12 TOTAL COSTS (DIRECT AND INDIRECT) OF MENTAL HEALTH PROBLEMS IN EU COUNTRIES, IN MILLION AND AS A SHARE OF GDP, IN 2015
• TABLE 13 PSYCHEDELIC DRUGS R&D ACTIVITIES
• TABLE 14 GLOBAL PSYCHEDELIC DRUG MARKET, BY SOURCE 2020-2028 (USD MILLION)
• TABLE 15 GLOBAL SYNTHETIC IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

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LIST OF FIGURES:

• FIGURE 1 GLOBAL PSYCHEDELIC DRUGS MARKET: SEGMENTATION
• FIGURE 2 GLOBAL PSYCHEDELIC DRUGS MARKET: DATA TRIANGULATION
• FIGURE 3 GLOBAL PSYCHEDELIC DRUGS MARKET: DROC ANALYSIS
• FIGURE 4 GLOBAL PSYCHEDELIC DRUGS MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS
• FIGURE 5 GLOBAL PSYCHEDELIC DRUGS MARKET: COMPANY RESEARCH ANALYSIS
• FIGURE 6 GLOBAL PSYCHEDELIC DRUGS MARKET: MULTIVARIATE MODELLING
• FIGURE 7 GLOBAL PSYCHEDELIC DRUGS MARKET: INTERVIEW DEMOGRAPHICS
• FIGURE 8 GLOBAL PSYCHEDELIC DRUGS MARKET: DBMR MARKET POSITION GRID
• FIGURE 9 GLOBAL PSYCHEDELIC DRUGS MARKET: MARKET APPLICATION COVERAGE GRID
• FIGURE 10 GLOBAL PSYCHEDELIC DRUGS MARKET: VENDOR SHARE ANALYSIS

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Objectives of This report:

1. To make available the wide-ranging overview of the market.
2. To achieve the information about the key players in this industry, their product portfolios, and their key strategies.
3. To be aware of the future outlook and prospects for this market analysis and forecast 2021-2028.
4. To analyze the market size of the market so that understanding the key trends from it gets easy.
5. To examine the market based on product, market share, and size of the product share.
6. To analyze prospects or opportunities in the market for stakeholders by knowing the high-growth segments of the market.
7. To gain insights about the major regional insights in which the is flourishing.
8. To achieve illustrations and forecast the market, in terms of value, by process, product type, and industry.
9. To tactically outline the major players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders.
10. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key points in the report:

• Tactical recommendations in the major business sections in light of the market estimations
• Market share and market size of all the leading industry players
• Strategic proposals for the new participants in the market
• A complete quantitative analysis of the industry for the period of 2021-2028 to support stakeholders to capitalize on the customary market opportunities
• Market strategies that are being accepted by competitors and leading organizations
• Key parameters that drives the market and the ones that restrain its growth
• All the challenges manufacturers will experience as well as new opportunities and threats faced by them
• Market share appraisals for the regional and international levels
• In depth overview of parent market potential and niche segments/regions exhibiting promising growth
• In-depth analysis of the global market and current & future trends to reveal imminent investment pockets.
• Changing market dynamics of the industry
• Strategies of key players and product offerings

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