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Psychedelic Drugs Market (COVID-19 Impact Analysis) 2020 Global Industry Outlook, Demand, Segments Breakdown and 2026 Forecast Report

07-20-2020 02:38 PM CET | Health & Medicine

Press release from: Data Bridge Market Research Pvt. Ltd.

Psychedelic Drugs Market

Psychedelic Drugs Market

Psychedelic Drugs market research report indicates that the global market is predictable to surge at a steady rate in the coming years. Market analysts have identified the key drivers and restraints in the overall market. The historical milestones achieved by the global market and emerging trends have also been studied in this Psychedelic Drugs market report. The report makes available comprehensive review of the global market. Adopting such market research report is becoming very essential for the businesses as it supports with the better decision making, revenue generation, prioritizing market goals and profitable business.

Analysis and discussion of important industry trends, market size, sales volume, and market share are also estimated in the Psychedelic Drugs Market report. This market research report gives answers to many of the critical business questions and challenges and thus proves to be a go-to solution. It presents company profile, product specifications, capacity, production value & market shares for each company for the forecast period. The Psychedelic Drugs Market research document provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences & their buying patterns, market demand and supply scenarios.

Get Exclusive Sample Copy of This Report Here https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-psychedelic-drugs-market

Global psychedelic drugs market is rising gradually with a healthy CAGR in the forecast periPsychedelic Drugs Marketod of 2019-2026. Growing prevalence of depression worldwide and increase in special designation from the regulatory authorities to the company to expedite the development process are the key factors for market growth.

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.

Read Complete Details with TOC Here https://www.databridgemarketresearch.com/toc?dbmr=global-psychedelic-drugs-market

Market Definition: Global Psychedelic Drugs Market

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.

Segmentation: Global Psychedelic Drugs Market

Psychedelic Drugs Market : By Application

Major Depressive Disorder
Resistant depression
Panic disorder
Post-traumatic stress disorder
Opiate Addiction
Others

Psychedelic Drugs Market : By Drugs

Lysergic Acid Diethylamide (LSD)
3,4-Methyl​Enedioxy​Methamphetamine (Ecstasy)
Phencyclidine
Gamma Hydroxybutyric Acid (GHB)
Ketamine
Ayahuasca
Salvia
Psilocybin
Others

Psychedelic Drugs Market : By Route of Administration

Oral
Injectable
Inhalation

Psychedelic Drugs Market : By Distribution Channel

Direct Retailers
Online Pharmacies
Others

Psychedelic Drugs Market :  By End-Users

Hospitals
Homecare
Specialty Clinics
Others

Psychedelic Drugs Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

Key Developments in the Psychedelic Drugs 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

Key benefits of buying the Psychedelic Drugs Market Report:

This Psychedelic Drugs Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Psychedelic Drugs Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

To Get This Report at an Attractive Cost, Click Here https://www.databridgemarketresearch.com/speak-to-analyst?dbmr=global-psychedelic-drugs-market

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About Data Bridge Market Research:

Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.

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