Press release
Psychedelic Drugs Market to Reach USD 3.8 Billion by 2030, Growing at a CAGR of 12% (2025-30)
The Psychedelic Drugs Market is anticipated to grow steadily during the forecast period [2025-2030], with a base year of [2024]. This growth is driven by evolving technologies, changing consumer preferences, and expanding applications across various industries.
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What's Driving Psychedelic Drugs Market Growth?
Global Psychedelic Drugs Market Driver:
Growing Prevalence of Mental Illness - The prevalence of mental illness varies by age and sex and has increased more rapidly than other serious illnesses. There has been an increase in instances of mental health conditions, including anxiety, sleep-wake disorder, and depressive disorders. For instance, as per a survey by MedlinePlus, it was found that excessive time spent on social media was associated with anxiety, depression, negative body image, and psychological distress. It is estimated that 72% of Americans use social media which affects their mental health.
Similarly, the National Alliance on Mental Illness in 2023 found that more than USD 43.8 million people are affected by mental health disorders on account of spending more time on social media. For instance, as per the Mental Health Foundation, in 2021, those aged 16 to 29 years were most likely to have some anxiety and depression and they are estimated to be around 28%. From 2022 to 2023, an average of 37.1% of women and 29.9% of men reported high levels of anxiety. Therefore, health disorders such as psychosis, anxiety, panic attacks, and depression require psychedelic drugs for their treatments. Thus, the increase in anxiety and other mental disorders is expected to increase the demand for psychedelic drugs.
Psychedelic Drugs Market Size, Share & Revenue
The Global Psychedelic Drugs Market size was valued at around USD 1.92 billion in 2024 and is projected to reach USD 3.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30.
Time Frame Covered in the Report:
• Historical Years: [2020-2023]
• Base Year: [2024]
• Forecast Period: [2025-2030]
Key Players in the Psychedelic Drugs Market
Prominent Psychedelic Drugs companies contributing to market development include:
-Jazz Pharmaceuticals, Inc. (U.S.)
-Janssen Pharmaceuticals, Inc. (U.S.)
-Hikma Pharmaceuticals PLC (U.K.)
-Compass
- Pfizer Inc.
-Avadel
-AbbVie Inc.
-Celon Pharma
-GH Research
-Entheon Biomedical Corp
-PharmaTher Holdings Ltd.
-Usona Institute
-Cybin Corp.
-F. Hoffmann-La Roche Ltd
-AstraZeneca PLC
-Numinus Wellness Inc.
-Others
These players are investing in innovation, expanding their geographical footprint, and adapting to dynamic market needs.
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Psychedelic Drugs Industry Segment and Geographical Breakdown
The market is segmented to offer a granular view of key areas:
By Source
Synthetic -Market Size & Forecast 2020-2030 USD Million
Natural- Market Size & Forecast 2020-2030, USD Million
By Drugs
-Gamma-Hydroxybutyric Acid-Market Size & Forecast 2020-2030, USD Million
-Ketamine-Market Size & Forecast 2020-2030, USD Million
-Psilocybin-Market Size & Forecast 2020-2030, USD Million
-Lysergic Acid Diethylamide (LSD)-Market Size & Forecast 2020-2030, USD Million
-MethylEnedioxyMethamphetamine-Market Size & Forecast 2020-2030, USD Million
By Application
-Narcolepsy-Market Size & Forecast 2020-2030, USD Million
-Treatment Resistant Depression-Market Size & Forecast 2020-2030, USD Million
-Major Depressive Disorder-Market Size & Forecast 2020-2030, USD Million
-Post-Traumatic Stress Disorder-Market Size & Forecast 2020-2030, USD Million
-Other-Market Size & Forecast 2020-2030, USD Million
By Route of Administration
-Oral
-Inhalation-Market Size & Forecast 2020-2030, USD Million
-Injectable-Market Size & Forecast 2020-2030, USD Million
By Distribution Channel
-Hospital Pharmacy
-Retail Pharmacy
-Online Pharmacy
Growth Challenge in the Psychedelic Drugs Market:
High Research and Development Costs - Therapies entail expensive clinical trials that must comply with extremely rigorous regulatory requirements given their history as controlled substances. Such clinical trials are very capital-intensive to be used to ensure safety and efficacy, including strict adherence to the ethical standards set. The novel pharmacological action of psychedelics necessitates specific research that increases the research and development costs.
Many regions have defamed psychedelics, making it even more difficult to get funding opportunities. As such, there may be less financial investment by conventional investors in the sector. In the same way, high R&D may decrease new market entry and slow innovation could delay the discovery of transformative treatments for mental health disorders.
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Table of Contents: Psychedelic Drugs
• Introduction
• Executive Summary
• What Our Experts Say?
• Psychedelic Drugs Market Import-Export Trade Statistics
• Psychedelic Drugs Market Status and Forecast by Segment and Region/Country
• Psychedelic Drugs Market Driving Factor Analysis
• Company Profiles and Psychedelic Drugs Market Data
• Psychedelic Drugs Market Trends & Insights
• Psychedelic Drugs Market Dynamics
• Psychedelic Drugs Market Hotspot & Opportunities
• Psychedelic Drugs Market Supply Chain Analysis
• Psychedelic Drugs Market Regulation & Policy
• Psychedelic Drugs Market Outlook, 2020- 2030
• Psychedelic Drugs Market Key Strategic Imperatives for Success & Growth
• Research Methodology and References
• Psychedelic Drugs Market Competition Status by Key Manufacturers/Service Provider
• Company Profiles
• Disclaimer
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