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Psychedelic Drugs Market is Set to Exceed Valuation of USD 6,401.95 Million with Potential Growth Rate of 13.3% by 2029

01-25-2023 09:13 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Psychedelic Drugs Market

Psychedelic Drugs Market

The Psychedelic Drugs market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this Psychedelic Drugs market research report. The research and analysis carried out in this Psychedelic Drugs report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of Psychedelic Drugs report.

The universal Psychedelic Drugs market survey document endows with significant and meaningful market insights for the business by taking into consideration various factors. Even a number of steps have been utilized in this report for gathering, analysing and recording the data and information.

Download Exclusive Sample of Psychedelic Drugs Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-psychedelic-drugs-market

Global 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 13.3% in the forecast period of 2022 to 2029 and is expected to reach USD 6,401.95 million by 2029 from USD 2,386.72 million in 2021.

Market Summary: -

Psychedelic drugs involve various types of chemical substances including lysergic acid diethylamide (LSD) and chemical extracted from plants. These drugs have the ability to change or enhance the sensory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences.

The psychedelic drugs can be categorized into empathogens and dissociative drugs (such as phenylcyclohexyl piperidine (PCP)) and serotonergic (classic hallucinogens) such as LSD. Both 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.

The psychedelic drugs can be categorized into empathogens and dissociative drugs (such as phenylcyclohexyl piperidine (PCP)) and serotonergic (classic hallucinogens) such as LSD. Both 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 make them feel disconnected. Based on the source, psychedelic drugs have been categorized under natural and synthetic types.

Major Players in Psychedelic Drugs Markets are:

Jazz Pharmaceuticals
Janssen Global Services
LLC (a subsidiary of Johnson & Johnson Services Inc.)
Hikma Pharmaceuticals PLC
COMPASS
Verrian
Pfizer Inc.
F. Hoffmann-La Roche Ltd
Avadel
Celon Pharma SA.
Cybin Corp.
GH Research
Entheon Biomedical Corp
PharmaTher Holdings Ltd.
NRx Pharmaceuticals

To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-psychedelic-drugs-market

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Data Bridge Market Research

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United Kingdom: +44 208 089 1725

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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