Press release
Global Psychedelic Drugs Market 2020-2027 | (COVID -19 Impact Analysis) by Types, Applications, Top Companies, Drivers, Risk Factor, Market Size, Demand, Opportunities, Shares, Refreshing Trends, Countries, Revenue and Forecast to 2026
Psychedelic Drugs Market
The analysis and estimations conducted via this winning Global Psychedelic Drugs Market report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values. This industry analysis report assists in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. The comprehensive Global Psychedelic Drugs Market report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. This market report examines market drivers, market restraints, challenges, opportunities and key developments in the industry.
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Psychedelic medicines also called as hallucinogenics, are a group of substances including chemicals, such as LSD, and plants that are used in the treatment of various mental disorders such as resistant depression, panic disorder, opiate addiction, etc.
These are used to change and enhance sensory perceptions, energy levels, thought process, and to facilitate spiritual experiences. Psychedelic medicines have been used experimentally for psychological treatment to control the mind or maintain peace.
Global psychedelic medicine market is growing rapidly due to the increasing number of depression cases and rising special designation from the regulatory authorities to the company to expedite the development process of medicines.
The outbreak of novel coronavirus is believed to have a severe impact on the global psychedelic medicine market.
There has been a disruption in the supply chain resulting in a significant shortage in the supply of psychedelic medicine across the world.
The import of several API from china has been stopped affecting the production of psychedelic medicines. Manufacturing industries are being shuttered around the world due to lockdown causing an unprecedented technology and business model transformation.
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Psychedelic Druds Market: Drivers and Restraints-
The psychedelic medicine market is growing rapidly due to the increasing prevalence of depression and other mental disorders worldwide. The need for handling environmental stress and enhanced and better quality of lifestyle is acting as a driver for the psychedelic medicine market.
The treatment for psychedelic drugs dependency is also expected to boost the psychedelic market growth. Apart from drivers, there are some factors that restrain the growth of the psychedelic medicine market such as wider acceptance of non-therapeutics therapies over pharmacological therapies, strict regulations imposed by the government to commercialize psychedelic medicines.
Psychedelic Druds Market: Overview
Based on the drug type, the Lysergic Acid Diethylamide (LSD) is expected to hold a major share in the psychedelic medicine market.
Based on the route of administration, the oral route is expected to dominate the psychedelic medicine market, followed by injectables and inhalation.
Based on the distribution channel, the hospital pharmacies are expected to be the most profitable segment in the global psychedelic medicine market.
Psychedelic Druds Market: Region-wise Outlook
North America is expected to dominate the global psychedelic medicine market, owing to the higher adoption of psychedelic medicines in the region. North America to be followed by Europe, due to the increasing number of psychiatric disorders.
Asia-Pacific is expected to have a significant growth in the global psychedelic medicine market over the forecast period, due to the changing lifestyle and increasing environmental stress that is rising the demand of psychedelic medicine in the region.
Many companies are entering the psychedelic medicine market with their innovations and development. The first psychedelic medicine to gain FDA Breakthrough Therapy designation was SPRAVATO (esteketamine) nasal spray developed by Johnson & Johnson to treat resistant depression.
Numinus Wellness Inc., recently became the first publicly-traded company to be granted a licence by Health Canda for extracting psilocybin from mushrooms. MindMed, a neuro-pharmaceutical, is a front-runner moving through clinical trials that are based on LSD, and Ayahuasaca’s active ingredient.
The report covers exhaust analysis on:
Psychedelic medicine Market Segments
Psychedelic medicine Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Report Highlights:
Detailed overview of parent market
Changing Psychedelic medicine market dynamics in the industry
Psychedelic medicine-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Psychedelic medicine industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Table of Content: Global Psychedelic Drugs Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Psychedelic Drugs Market Landscape
Part 04: Global Psychedelic Drugs Market Sizing
Part 05: Global Psychedelic Drugs Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More…..
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