Psychedelic Drugs Market report then lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market. The report includes the analysis and discussion of important industry trends, market size, market share estimates, profiles of the leading industry players, and forecasts. Few of the major competitors currently working in the global Psychedelic Drugs Market are COMPASS, The Emmes Company, LLC, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy’s Laboratories Ltd, Takeda Pharmaceutical Company Limited, Pfizer Inc, Mylan N.V. , Merck & Co., Inc, Alkermes, ALLERGAN, H. Lundbeck A/S among others.
Global Psychedelic Drugs Market is rising gradually with a healthy CAGR in the forecast period of 2019-2026. Growing prevalence of depression worldwide and increase in special designation from the regulatory authorities to the company to expedite the development process are the key factors for market growth.
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Psychedelic drugs are also known as psychedelics are the class of hallucinogenic drugs including both classic hallucinogens as well as dissociative drugs that are used recreationally, to alter and enhance the sensory perception, elevate the mood swings, thought process, energy level promoting spiritual experiences. Psychedelic drugs have been used experimentally for psychological treatment and are able to control mind hence maintaining peace.
According to the statistic published in our World in Data 2017, the global burden of mental and substance use disorders were 122.76 million. Increase cases of mental disorders and accelerating demand of novel therapies are the drivers promoting the growth of this market.
Increase in the prevalence of depression worldwide can act as a driver for the growth of this market
Treatment for psychedelic drugs dependency can also boost the market growth
Changing life style and requirement for enhanced and better life quality is propelling the market growth
Increase special designation from the regulatory authority can drive the market growth
Hefty and stringent regulation imposed by the government to commercialize psychedelic drugs are hindering the market growth
High preference of non-therapeutics therapies over pharmacological therapies can also hinder the market growth
Poor efficacy and safety profile of existing intervention also restricts the growth of the market
By Application (Major Depressive Disorder, Resistant Depression, Panic Disorder, Post-traumatic Stress Disorder, Opiate Addiction and Others), Drugs (Lysergic Acid Diethylamide, 3,4-Methylenedioxymethamphetamine, Phencyclidine, Gamma Hydroxybutyric Acid, Ketamine, Ayahuasca, Salvia, Psilocybin and Others), Route of Administration (Oral, Injectable and Inhalation), Distribution Channel (Direct Retailers, Online Pharmacies and Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
MAJOR TOC OF THE REPORT
Chapter One: Psychedelic Drugs Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Psychedelic Drugs Market Competition, by Players
Chapter Four: Global Psychedelic Drugs Market Size by Regions
Chapter Five: North America PSYCHEDELIC DRUGS Revenue by Countries
Chapter Six: Europe PSYCHEDELIC DRUGS Revenue by Countries
Chapter Seven: Asia-Pacific PSYCHEDELIC DRUGS Revenue by Countries
Chapter Eight: South America PSYCHEDELIC DRUGS Revenue by Countries
Chapter Nine: Middle East and Africa Revenue PSYCHEDELIC DRUGS by Countries
Chapter Ten: Global Psychedelic Drugs Market Segment by Type
Chapter Eleven: Global Psychedelic Drugs Market Segment by Application
Global Psychedelic Drugs Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global Psychedelic Drugs Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Regionally, this report categorizes the production, apparent consumption, export and import of global Psychedelic Drugs Market covering:
– North America (United States, Canada and Mexico)
– Europe (Germany, France, UK, Russia and Italy)
– Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
– South America (Brazil, Argentina, Colombia)
– Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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