Press release
Psychedelic Drugs Global Market Report 2025: Soaring Market Growth - $6.39 Billion by 2025 and $11.93 Billion by 2029
Psychedelic Drugs Market Size
What Is The Projected Market Size Of The Global Psychedelic Drugs Global Market Report 2025 And Its Growth Rate?
The psychedelic drugs market has been experiencing consistent growth:
• It will grow from $5.56 billion in 2024 to $6.39 billion in 2025, a CAGR of 14.9%.
• The growth to $11.93 billion by 2029 at a CAGR of 16.9% is expected.
• Factors driving this includes advancements in drug development, expansion of therapeutic applications, growing acceptance in the medical community, and public policy shifts.
What Is Driving The Growth In The Psychedelic Drugs Global Market Report 2025?
The increased cases of mental illnesses and the proven effectiveness of psychedelic drugs in treating certain mental health conditions like depression and post-traumatic stress disorder are driving the growth of the market. According to the UK-based National Centre for Social Research, the proportion of 17- to 19-year-olds with a suspected mental disorder grew from 17.4% in 2021 to 25.7% in 2022. This substantial increase drives the demand for psychedelic drugs.
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Who Are the Key Players Driving Psychedelic Drugs Global Market Report 2025 Growth?
Major companies playing crucial role in the psychedelic drugs market include:
• Atai Life Sciences
• Cybin Inc.
• Mind Medicine Inc.
• Compass Pathways
• Seelos Therapeutics
• Numinus Wellness Inc.
• GH Research
• Revive Therapeutics
• Havn Life Sciences
• PharmaTher Holdings
• Field Trip Health
What Are The Key Trends In The Psychedelic Drugs Global Market Report 2025?
Key trends shaping the future of the market include:
• Focus on education and public awareness about the potential benefits of psychedelic drugs.
• Legal and regulatory developments to facilitate research and application of these compounds.
• Diversification of psychedelic compounds for various therapeutic applications.
• Patient-centric treatment approaches for mental health disorders using psychedelic drugs.
What Are The Segments Of The Global Psychedelic Drugs Global Market Report 2025?
The market is segmented by various factors including:
1) By Type: LSD, Ketamine, Phencyclidine, GHB, Salvia
2) By Disease Indication: Depression, PTSD
3) By Origin: Natural, Synthetic
4) By Application: Treatment-Resistant Depression, opiat*e Addiction, PTSD, Narcolepsy, Panic Disorders
5) By Distribution Channel: Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy
Which Region Leads The Psychedelic Drugs Global Market Report 2025?
North America was the largest region in the psychedelic drugs market in 2024 and Asia-Pacific is expected to be the fastest growing region. The market report covers other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Psychedelic Drugs Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Psychedelic Drugs Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Psychedelic Drugs Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Psychedelic Drugs Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Psychedelic Drugs Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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