The Business Research Company’s report goes into great detail on the psychedelic drugs market size and growth, psychedelic drugs market regional analysis, psychedelic drugs market competitive landscape, and other critical information needed to excel in the psychedelic drugs industry.

Major players in the psychedelic drugs market include Johnson & Johnson, Pfizer, Hikma Pharmaceuticals PLC, Roche Holding AG, Merck & Co Inc, Jazz Pharmaceuticals plc, COMPASS Pathways PLC, Celon Pharma S.A., Numinus Wellness Inc, AbbVie, Mylan N.V., Avadel, NeuroRx Inc., Klarisana, AstraZeneca, Dr. Reddy’s Laboratories Ltd, Takeda Pharmaceutical Company Limited, Allergan Inc, Mota Ventures Corp., Seelos Therapeutics, Emmes Company, and Novatris International AG.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global psychedelic drugs market size is expected to grow from $3.62 billion in 2021 to $4.19 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The global psychedelics market size is expected to reach $7.03 billion in 2026 at a CAGR of 14.2%.

North America was the largest region in the psychedelic drug market in 2021.

The psychedelic drug market consists of sales of psychedelic drugs by entities (organizations, sole traders, and partnerships) that are used to treat depression and post-traumatic stress disorder and also help with mental health diagnoses. Psychedelic drugs refer to hallucinogens. These drugs are a group of substances that usually alter and enhance perception, thinking processes, energy levels, and promote mental experiences. These include chemicals such as Lysergic acid diethylamid (LSD) and plants such as peyote. These medications are used to treat a variety of brain conditions.

The increase in the cases of mental illnesses is expected to propel the growth of the psychedelic drug market going forward.

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The introduction of depression spray is the key trend gaining popularity in the psychedelic drug market. Major companies operating in the psychedelic drug market are introducing nasal-spray drugs for major depressive disorders to sustain their position in the market.

TBRC’s global psychedelic drugs market report is segmented:
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, Opiate Addiction, Post-Traumatic Stress Disorder, Narcolepsy, Panic Disorders

By Distribution Channel: Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Psychedelic Drugs Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the psychedelic drugs market globally and regionally, analyzes and forecasts market size, share, psychedelic drugs market players, psychedelic drugs market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Antidepressants Global Market Report 2022

Bipolar Disorder Therapeutics Global Market Report 2022

Healthcare Services Global Market Report 2022

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