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Psychedelic Drugs Global Market 2023 - By Industry Analysis, Growth Trends, Segmentation And Top Companies
Psychedelic Drugs Market
Psychedelic Drugs Market Size, Growth Rate, And Forecast
The global psychedelic drugs market size grew from $4.2 billion in 2022 to $4.83 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The psychedelic drugs market size is expected to grow to $8.31 billion in 2027 at a CAGR of 14.5%.
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Psychedelic Drugs Market Drivers
The increase in the cases of mental illnesses is expected to propel the growth of the psychedelic drug market going forward. Mental illnesses refer to health conditions involving changes in emotion, thinking, or behavior. Mental illnesses include conditions such as distress and post-traumatic stress disorder.
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Psychedelic Drugs Market Segments
• By Type: Lysergic Acid Diethylamid (LSD), Ketamine, Phencyclidine, Gamma Hydroxybutyric Acid (GHB), Salvia
• By Disease Indication: Depression, PTSD
• By Origin: Natural, Synthetic
• By Application: Treatment-Resistant Depression, Opiat*e addiction, Post- Traumatic Stress Disorder, Narcolepsy, Panic Disorders
• By Distribution Channel: Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Psychedelic Drugs market.
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Psychedelic Drugs Market Key Players
Major competitors in the Psychedelic Drugs market include Johnson & Johnson, Pfizer, Hikma Pharmaceuticals PLC, Roche Holding AG, Merck & Co Inc.
The Business Research Company's "Global Psychedelic Drugs Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Psychedelic Drugs Market Include:
1. Executive Summary
2. Psychedelic Drugs Market Characteristics
3. Psychedelic Drugs Market Trends And Strategies
4. Psychedelic Drugs Market - Macro Economic Scenario
5. Psychedelic Drugs Market Size And Growth
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26. Africa Psychedelic Drugs Market
27. Psychedelic Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Psychedelic Drugs Market
29. Psychedelic Drugs Market Future Outlook and Potential Analysis
30. Appendix
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