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"Psychedelic Drugs Market Grows with Increasing Mental Health Focus"

08-05-2024 07:23 AM CET | Health & Medicine

Press release from: STELLAR MARKET RESEARCH

Psychedelic Drugs Market

Psychedelic Drugs Market

According to Stellar Market Research, the Psychedelic Drugs Market is expected to reach USD 12.94 Bn. by 2030. The market was valued at USD 5.50 Bn. in 2023 and it is expected to grow at a CAGR of 13 percent from 2024 to 2030. The report is based on both primary and secondary data, consist of insights from experts who have analyzed the market's growth trends and future potential.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž:https://www.stellarmr.com/report/Psychedelic-Drugs-Market/296

Psychedelic Drugs Market Overview:

The psychedelic drugs market has grown significantly as a result of the overview of new psychedelic drugs. The desire for new medication R & D funding from the public and private sectors has driven the European psychedelic drug industry to unprecedented heights. As the occurrence of mental illness rises, people are overanalyzing what is best for their health. Government's knowledge of this has increased significantly.

What are the Psychedelic Drugs Market Dynamics?

The rapid growth of the psychedelic drugs market is due to the growing acceptance of innovative drug combinations by leading companies in the biotechnology and pharmaceutical sectors. Introducing new technology and innovation to the biological process leads to progress.

The WHO reports that more people are suffering from mental diseases across the globe, which has led to an expansion of the pharmaceutical industry. New drugs have been introduced in the last few years. The market for psychedelic elements has grown as a result of lifestyle changes and the desire to enjoy a higher quality of life.

Market Regional Insight: North America is expected to remain the leading region in the psychedelic drugs market due to influx of clinical studies, substantial expenditures, governmental backing, and extensive public awareness. The regional market is expected to benefit from the strong presence of enterprises and continuing clinical studies. With a market share of 93.5 percent in 2021, the United States.

Europe is the second most important place for increasing demand for psychedelic drugs. Germany is supposed to be the most powerful country in Europe. As the world's population grows, so does the need for psychedelic substances.

๐…๐จ๐ซ ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค:https://www.stellarmr.com/report/req_sample/Psychedelic-Drugs-Market/296

Psychedelic Drugs Market Scope:

Market Size in 2023 USD 5.50 Bn.

Market Size in 2030 USD 12.94 Bn.

CAGR 13% (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 275

No. of Tables 120

No. of Charts and Figures 115

Segment Covered by Product, Disease Indication, Route of Administration, and Distribution Channel

Region Covered by North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Psychedelic Drugs Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Psychedelic Drugs Market Segmentation:

By Product

DMT

Ketamine

LSD

MDMA

GHB

Psilocybin

Others

By Disease Indication

Depression

PTSD

Drug & Alcohol dependence

Others

By Route Of Administration

Oral

Intranasal

Intravenous

By Distribution Channel

Online Pharmacies

Hospital Pharmacies

Retail pharmacies

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ:https://www.stellarmr.com/report/enquire_now/Psychedelic-Drugs-Market/296

Some of the current players in the Psychedelic Drugs Market are:

The Emmes Company (United States)

AstraZeneca (United Kingdom)

Hoffmann-La Roche Ltd (Switzerland)
Dr. Reddy's Laboratories Ltd (Hyderabad)

Takeda Pharmaceutical Company Limited (Japan)

Pfizer Inc. (United States)

Mylan N.V. (United States)

Merck & Co., Inc. (United States)

Alkermes (Ireland)

Key questions answered in the Psychedelic Drugs Market are:

What is the projected market size and growth rate of the Psychedelic Drugs Market?

What are the key driving factor for the growth of the Psychedelic Drugs Market?

Which region account for the largest Psychedelic Drugs Market share?

What are the top players operating in Psychedelic Drugs Market?

Key Offerings:

Past Market Size and Competitive Landscape

Psychedelic Drugs Market Size, Share, Size & Forecast by different segment

Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region

Psychedelic Drugs Market Segmentation - A detailed analysis by Product

Competitive Landscape - Profiles of selected key players by region from a strategic perspective

Competitive landscape - Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER's analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

Recommendations

๐…๐จ๐ซ ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค:https://www.stellarmr.com/report/req_sample/Psychedelic-Drugs-Market/296

Explore our top-performing reports on the latest trends:

Mental Health Market
Intravenous Iron Drugs Market

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4 Kothrud

Pinnac Memories Fl. No. 3

Kothrud, Pune, Maharashtra, 411029

sales@stellarmr.com

+91 9607365656

About Stellar Market Research:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace, and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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