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Psychedelic Drugs Market 2020 Insights, Industry Growth Factors, Applications, Development Trends, Key Players and Forecasts by 2027 | DBMR Updates

11-25-2020 11:59 AM CET | Health & Medicine

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

Psychedelic Drugs Market

Psychedelic Drugs Market

This Psychedelic Drugs Market report includes a wide-ranging evaluation of the market’s growth prospects and restrictions. The Psychedelic Drugs Market report provides estimations about the growth rate and the market value in ABC industry based on market dynamics and growth inducing factors. Global Psychedelic Drugs Market report studies the industry abilities for each geographical region based on the customer purchasing patterns, macroeconomic parameters, development rate, and market demand and supply states. In addition, this Psychedelic Drugs Market report also endows with top to bottom estimation of the market with respect to income and developing business sector.

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For market segmentation study performed in this Psychedelic Drugs Market report, a market of potential customers is classified into groups or segments based on different characteristics such as application of product, deployment model, end user and geographical region etc. The report contains a number of market drivers and restraints which are obtained from SWOT analysis and all the CAGR projections for the historic year 2018, base year 2019, and forecast period of 2020-2027. The report also highlights the reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies. It is also assured that the report provides precise market segmentation and insights for the success of business.

Psychedelic drugs market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.3% in the forecast period of 2020 to 2027 and expected to reach USD 6,859.95 million by 2027 from USD 2,077.90 million in 2019. Growing acceptance of psychedelic drugs for treating depression and increasing prevalence of depression and mental disorders are the factors for the market growth.

The major players covered in the U.S. Psychedelic Drugs Market report are Johnson & Johnson Services, Inc., Jazz Pharmaceuticals, Inc., Celon Pharma SA, COMPASS, usonainstitute.org, Develco pharma schweiz ag , Doughlas pharmaceuticals limited, NeuroRX, Inc., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals, LLC., AVADEL PHARMACEUTICALS, PLC among other players in the U.S. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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

Market Analysis and Insights: U.S. Psychedelic Drugs Market:

The psychedelic drugs are used to enhance or change sensory perceptions, energy levels, thought processes, and to facilitate spiritual experiences. Psychedelic drugs can be categorized into dissociative drugs (such as PCP), empathogens and serotonergic (classic hallucinogens) (such as LSD). These drugs are used in the treatment of major depressive disorder, treatment-resistant depression, panic disorder, post-traumatic stress disorder, and opiate addiction among others. Chemical substances that are used in the psychedelic drugs are a group of LSD, and plants. Psychedelic are sourced from synthetic process (human-made) and plants or mushrooms. Psychedelic drugs has various street names such as LSD which are also known as acid, blotter, dots, sugar, trips and window pane; Ketamine are also known as vitamin K, bump, green, K/Special K, purple and super acid; PCP are also known as angel/angel dust, boat/love boat, peace, killer weed, super grass and ozone.

Psychedelic drugs market has increased with increased number of psychedelic drugs as compared to the past few years and increasing prevalence of depression and mental disorders in the U.S.

For instance,

In 2019, The National Alliance on Mental Illness has stated that 1 in 6 in the U.S. youth aged 6-17 experience a mental health disorder each year and 1 in 25 U.S. adults experience serious mental illness each year.

Growing acceptance of psychedelic drugs for treating depression is also increasing market value as the psychedelic drugs has repetitively proven its high rates of effectiveness for treatment for nicotine dependence, alcohol dependence, anxiety associated terminal illness and chronic PTSD as compared to other antidepressants. Currently, different research studies are taking place that are expected to provide a competitive advantage for new and innovative therapeutic manufacturers with competitive psychedelic drugs and methods to develop, define psychedelic drugs, and various other opportunities in the U.S. psychedelic market. However, high cost of psychedelic drug and stringent regulations for psychedelic drugs is expected to restraint the market growth as to get approvals is difficult and complex task along with the enforced monetary liability upon psychedelic drugs manufacturers and researchers.

This psychedelic drugs market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for anAnalyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

U.S. Psychedelic Drugs Market Scope and Market Size:

U.S. psychedelic drugs market is segmented on the basis of source, type, application, route of administration, drugs, 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 U.S. Psychedelic Drugs Market is segmented into synthetic and natural. Synthetic dominates the psychedelic drugs market as all available drugs are derived from synthetic origin. For this reason, the synthetic segment dominates the market and will also grow at a higher rate over the forecasted period.

U.S. Psychedelic Drugs Market, By Source:

On the basis of type, the U.S. Psychedelic Drugs Markett is segmented into dissociatives, empathogens, and serotonergic (classical psychedelic drugs). The dissociatives segment dominates the psychedelic drugs market as XYREM (sodium oxybate, Jazz Pharmaceuticals Inc.) is the only approved drug of disruptive psychedelics for the treatment of narcolepsy.

On the basis of application, the U.S. Psychedelic Drugs Market is segmented into narcolepsy, treatment-resistant depression, post-traumatic stress disorder (PTSD), major depressive disorder, others. Narcolepsy as a gamma hydroxybutyric acid (GHB) derivative dominates the psychedelic drugs market and primarily uses psychedelic medicine and the drug has been approved for narcolepsy. Due to this reason, the narcolepsy segment dominates the psychedelic drugs market.

On the basis of route of administration, the U.S. Psychedelic Drugs Market is segmented into oral, intranasal, parenteral, others. Oral is dominant in the psychedelic drugs market as Xyrem is the most branded drug available in the market in oral dosage forms. In addition, patient adherence is very important in symptomatic treatment of the disease. Oral administration of the drug is highly convenient for patients as compared to other forms.

On the basis of drugs, the U.S. Psychedelic Drugs Market is segmented into gamma hydroxybutyric acid (GHB), ketamine, 3,4-methylenedioxymethamphetamine (ecstasy), psilocybin. Gamma hydroxybutyric acid (GHB) dominates the psychedelic drugs market as Xyrem is primarily psychedelic drug and falls into this category. For this reason, the gamma hydroxybutyric acid (GHB) segment dominates the psychedelic drugs market.

On the basis of end user, the U.S. Psychedelic Drugs Market is segmented into hospitals, speciality clinic, research organisation, others. Hospitals dominate the psychedelic drugs market due to high patient load and most medicines are given under the supervision of a doctor. For this reason, the hospital segment dominates the psychedelic drugs market.

On the basis of distribution channel, the U.S. Psychedelic Drugs Market is segmented into hospital pharmacy, compounding pharmacy, others. Hospital pharmacy has the largest market share as these medicines treat more number of patients in hospitals, demand for medicines increases in hospital pharmacy.

The report on Psychedelic Drugs market covers exhaustive analysis on:-

Market Segments
Market Dynamics
Historical Actual Market Size
Market Size & Forecast
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Market Drivers and Restraints

The report answers several questions about the Psychedelic Drugs Market includes:

What will be the market size of Psychedelic Drugs Market in 2026?

What will be the Psychedelic Drugs Market growth rate in 2026?

Which key factors drive the market?

Who are the key market players for Psychedelic Drugs Market?

Which strategies are used by top players in the market?

What are the key market trends in Psychedelic Drugs Market?

Which trends and challenges will influence the growth of market?

Which barriers do the Psychedelic Drugs Markets face?

What are the market opportunities for vendors and what are the threats faced by them?

What are the most important outcomes of the five forces analysis of the Psychedelic Drugs Market?

Table of Contents: Psychedelic Drugs Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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