Global Psilocybin Assisted Therapy Market Scenario Highlighting Key Drivers and Latest Trends 2022 - 2030

The Global Psilocybin Assisted Therapy Market Report by Absolute Markets Insights provides inclusive market analysis and includes information, facts, historical data, and industry validated market data. The research report contains analysis and information by Psilocybin Assisted Therapy market segments such as regions, applications, and industry with key players in mind. The report is a detailed guide to understanding various factors that play an important role in the course of growth. It contains globally recognized guidelines for market assessment which play an important role in the dissemination of information.

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Humans for years have been aware of and purposefully utilised the psychedelic effects of some plants and fungi. Naturally occurring psychedelics are primarily found in fungi, particularly mushrooms. Psilocybin, a mushroom extract, has long been utilised as a hallucinogenic drug in religious and spiritual rites, as well as a treatment for neuropsychiatric disorders. Psychedelic use was closely identified with the "hippie" counterculture movement, leading to a developing, and still persistent, negative stigmatisation of the drugs. As a result, the US government reclassified psychedelics as Schedule 1 substances in 1970, thus stopping scientific study on them. On the other hand a pilot study from the University of California, Los Angeles, in 2004 that looked at the possibilities of psilocybin treatment in advanced-stage cancer patients reignited interest and significantly increased efforts in psilocybin research, ushering in a new era in psychedelic therapy research. Since then, tremendous progress has been made in characterizing psilocybin's chemical characteristics as well as its medicinal applications. Many clinical studies show the potential of psilocybin-assisted therapy as a beneficial supplement to psychotherapy, and psychedelic research has steadily made its way back into the paradigm of modern science. In terms of revenue, global psilocybin assisted therapy market is expected to grow at a CAGR of 9.2% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries. 

The COVID-19 pandemic is likely to have long-term effects on mental health and well-being, even after it has been resolved. Mental health illnesses were already posing a challenge to global healthcare systems prior to COVID-19. Clinical research are been carried out to test the potential effects of psilocybin assisted psychotherapy can help alleviate symptoms of depression and anxiety that front-line clinicians developed during the COVID-19 pandemic.

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Key Players Influencing the Psilocybin Assisted Therapy Market:
COMPASS
Eleusis Holdings Ltd
Field Trip
Filament Health
Mind Medicine Inc.
Mindbloom, Inc.
Mydecine Innovations Group
Numinus Wellness Inc
Small Pharma
Other Industry Participants

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Study Objectives of this Report:
Detailed overview of market.
Changing market dynamics of the industry.
In-depth market segmentation by Type, Application etc.
Historical, current and projected market size in terms of volume and value.
Recent industry trends and developments.
Competitive landscape of market.
Strategies of key players and product offerings.
Potential and niche segments/regions exhibiting promising growth.
A neutral perspective towards market performance.
Market players' information to sustain and enhance their footprint.

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Global Psilocybin Assisted Therapy Market:

By Source
Natural
Synthetic

By Application
Mental Disorders
Post-Traumatic Stress Disorder (PTSD)
Cluster Headaches
Alzheimer's disease
Anxiety and mood disorders
Alcohol and substance use disorders
Others

By End Users
Hospitals
Specialized Clinics
Research Centers
Recreational Centers
Others

By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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