Middle East and Africa Psychedelic Drugs Market is growing with a CAGR of 11.1% and is expected to reach USD 27.94 million by 2029

Middle East and Africa Psychedelic Drugs Market research document offers a comprehensive overview of the global market and contains thoughtful insights, facts, historical information, and statistically supported and industry-verified market data. It also encompasses forecasts using a suitable set of predictions and distinct research methodologies. Analysis of profiles of manufacturers or commanding players of the global market is performed based on sales area, key products, gross margin, revenue, price, and production. The chapter of market value chain and sales channel analysis of this market document includes details of customer, distributor, market value chain, and sales channel analysis.

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Middle East and Africa Psychedelic drugs market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.2% in the forecast period of 2022 to 2029 and is expected to reach USD 35.00 million by 2029 from USD 15.23 million in 2021. Rising prevalence of mental depression and anxiety and availability of off label drugs are the major drivers which propelled the demand of the market in the forecast period.

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 senosory 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. Both the types of psychedelic drugs can cause hallucinations and feeling of sensation, moreover, dissociative drugs can make a person to fell out of control from their body or environment and makes them feel disconnected. Based on the source, psychedelic drugs have been categorized under natural and synthetic types. These drugs have wide applications in the treatment of major depressive disorder, post-traumatic stress disorder, panic disorder, treatment-resistant depression and addiction among others. Psychedelic drugs are also known by several other names such as LSD (lysergic acid derivative) which are also known as blotter, dots, sugar, acid, 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.

The increasing prevalence of depression is expected to act as driver for the growth of the market. The high cost of treatment is expected to act as challenge for the growth of the market. The rising awareness towards mental health by various organizations is expected to act as opportunity for the growth of the market. However, the side effects associated may expected to challenge the market growth.

Middle East and Africa 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 an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Middle East & Africa Psychedelic Drugs Market

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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 breath, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus. The major companies providing psychedelic drugs are Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc. among others.

Objectives of the Report
To carefully analyze and forecast the size of the market by value and volume.
To estimate the market shares of major segments of the
To showcase the development of the market in different parts of the world.
To analyze and study micro-markets in terms of their contributions to the market, their prospects, and individual growth trends.
To offer precise and useful details about factors affecting the growth of the
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Middle East and Africa Psychedelic Drugs Market Scope and Market Size

Middle East and Africa psychedelic drugs market is segmented into seven notable segments which are by source, type, drugs, application, route of administration, end user, distribution channel.

On the basis of source, the psychedelic drugs market is segmented into synthetic and natural. In 2022, the synthetic segment is expected to dominate the Middle East and Africa psychedelic drugs market as most psychedelic drugs are made of synthetic sources.

On the basis of type, the psychedelic drugs market is segmented into empathogens, dissociatives, and others. In 2022, the empathogens segment is expected to dominate the Middle East and Africa psychedelic drugs market as it is 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 2022, the gamma-hydroxybutyric acid segment is expected to dominate the Middle East and Africa psychedelic drugs market as it is the most common compound of psychedelic

On the basis of application, the psychedelic drugs market is segmented into narcolepsy, treatment resistant depression major depressive disorder, addiction, post-traumatic stress disorder and others. In 2022, the narcolepsy segment is expected to dominate the Middle East and Africa psychedelic drugs market as large number of population suffers from narcolepsy.

On the basis of route of administration, the psychedelic drugs market is segmented into oral, inhalation and injectable. In 2022, the oral segment is expected to dominate the Middle East and Africa psychedelic drugs market 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 2022, the hospitals segment is expected to dominate the Middle East and Africa psychedelic drugs market due to the high patient load in the hospitals.

On the basis of distribution channel, the psychedelic drugs market is segmented into hospitals pharmacy, retail pharmacy and online pharmacy. In 2022, the hospitals pharmacy segment is expected to dominate the Middle East & psychedelic drugs market as demand is high in hospitals.

Psychedelic Drugs Market Country Level Analysis

Psychedelic drugs market is analysed and market size information is on basis of seven notable segments which are by source, type, drugs, application, route of administration, end user, distribution channel.

The countries covered in the Psychedelic drugs market report are the Saudi Arabia, Israel, Egypt, U.A.E, South Africa and Rest of Middle East and Africa.

Middle East & Africa is expected to grow in the forecasted periods as in the Middle East & African countries, the demand for psychedelic drugs are increasing very rapidly due to rapidly increasing patient population suffering from mental disorder and advancements in technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

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FIGURE 1 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION

FIGURE 2 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET : DATA TRIANGULATION

FIGURE 3 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: DROC ANALYSIS

FIGURE 4 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: MIDDLE EAST & AFRICA VS REGIONAL MARKET ANALYSIS

FIGURE 5 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: MULTIVARIATE MODELLING

FIGURE 7 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 8 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: DBMR MARKET POSITION GRID

FIGURE 9 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 10 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: VENDOR SHARE ANALYSIS

FIGURE 11 MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION

FIGURE 12 NORTH AMERICA IS EXPECTED TO DOMINATE THE MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET GROWING WITH THE HIGHEST CAGR IN THE FORECAST PERIOD OF 2022 TO 2029

FIGURE 13 GROWING ACCEPTANCE OF PSYCHEDELIC DRUGS FOR TREATING DEPRESSION AND INCREASING PREVALENCE OF DEPRESSION AND MENTAL DISORDERS ARE DRIVING THE MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET IN THE FORECAST PERIOD OF 2022 TO 2029

FIGURE 14 SYNTHETIC SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET IN 2022 & 2029

FIGURE 15 PAST YEAR PREVALENCE OF MAJOR DEPRESSIVE EPISODE AMONG U.S. ADULTS, 2020, (IN %), BY SEX

FIGURE 16 PAST YEAR PREVALENCE OF MAJOR DEPRESSIVE EPISODE AMONG U.S. ADULTS, 2020, (IN %), BY AGE GROUPS

FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF MIDDLE EAST & AFRICA PSYCHEDELIC DRUGS MARKET

FIGURE 18 MENTAL ILLNESS AMONG THE U.S. ADULTS, IN 2020, (IN %), BY DEMOGRAPHIC GROUPS

FIGURE 19 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS, IN 2020, (IN %), BY DEMOGRAPHIC GROUPS

FIGURE 20 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS, IN 2020, (IN %), BY GENDER

Continued…

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