Global Psychedelic Drugs Market Booming at a CAGR of 13.3% to hit $ 7,567.52 Million by 2026 with Top Key Players Hikma Pharmaceuticals PLC, COMPASS, Verrian, Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc., PharmaTher Inc., Avadel, Celo

Psychedelic Drugs market report acts upon systematic gathering, recording and analysis of data for the concerns linked to the marketing of goods and services and thereby serve the Pharmaceutical industry with an excellent market research report. This report presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process. The market report also puts a light on growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). A number of business challenges can be conquered with an excellent Psychedelic Drugs market research report.

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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.

Key Market Competitors Covered in the Report

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

Global Psychedelic Drugs Market Development

In January 2020, Jazz Pharmaceuticals, Inc. has received the marketing authorization of solriamfetol (Sunosi) indicated for treatment of excessive daytime sleepiness in adults with narcolepsy. This authorization allowed the company to enhance product distribution network and to generate more revenue in the market.

Scope of the Global Psychedelic Drugs Market

The psychedelic drugs market is segmented into five regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The regions are further segmented into U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Belgium, Lithuania, Rest of Europe, Saudi Arabia, UAE, Israel and Egypt.

All country-based analysis of global psychedelic drugs market is further analyzed 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, 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.

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Global Psychedelic Drugs Market Drivers:

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.

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.

Global Psychedelic Drugs Market Restraints:

The increasing side effects of the psychedelic drugs act as a challenge for the growth of the psychedelic drugs market in the forecasted period.

List of Chapters:

1 Psychedelic Drugs Market Overview
2 Global Psychedelic Drugs Market Competitions by Manufacturers
3 Global Psychedelic Drugs Capacity, Production, Revenue (Value) by Region (2021-2028)
4 Global Psychedelic Drugs Supply (Production), Consumption, Export, Import by Region (2021-2028)
5 Global Psychedelic Drugs Production, Revenue (Value), Price Trend by Type
6 Global Psychedelic Drugs Market Analysis by Application
7 Global Psychedelic Drugs Manufacturers Profiles/Analysis
8 Psychedelic Drugs Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Psychedelic Drugs Market Forecast (2021-2028)
13 Research Findings and Conclusion
14 Appendix

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Customization Available: Global Psychedelic Drugs Market

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