Psychedelic is called as psychedelics, which is class of hallucinogenic drugs including both classic hallucinogens and dissociative drugs which are used recreationally, to enhance the sensory perception, elevate the mood swings, energy level promoting spiritual experiences, and thought process. These drugs have been used experimentally for psychological treatment.
Increase in prevalence of depression across the globe is the key driving factor which is expected to boost the global psychedelic drugs market growth. Furthermore, change in lifestyle and requirement for enhanced and better life quality will positively contribute the market growth. Also, increase in research and development activities is expected to propel the market growth during this analysis period. Moreover, increase in dependency on psychedelic drugs for treatment of depression is expected to propel the global psychedelic drugs market growth during this forecast period.
However, stringent rules and regulations imposed by government to commercialize psychedelic drugs is the major challenging factor which is expected to hinder the global psychedelic drugs market growth. Also, poor efficiency and safety profile of existing intervention will affect the market growth over the forecast period.
Global Psychedelic Drugs Market is segmented into drug type such as Lysergic Acid Diethylamide (LSD), 3,4-MethylEnedioxyMethamphetamine (Ecstasy), Phencyclidine, Gamma Hydroxybutyric Acid (GHB), Ketamine, Ayahuasca, Salvia, Psilocybin, and Others, by route of administration such as Oral, Injectable, and Inhalation, by distribution channel such as Direct Retailers, Online Pharmacies, and Others. Further, market is segmented into End -Users such as Hospitals, Homecare, Specialty Clinics, and others.
Also, Global Psychedelic Drugs Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as AstraZeneca,, COMPASS,, Klarisana, F. Hoffmann-La Roche Ltd, Takeda Pharmaceutical Company Limited,, Dr. Reddy’s Laboratories Ltd,, Pfizer Inc,, Merck & Co., Inc, ,and Lundbeck A/S
Market Drivers
Increase in prevalence of depression across the globe is the key driving factor which is expected to boost the global psychedelic drugs market growth. Furthermore, change in lifestyle and requirement for enhanced and better life quality will positively contribute the market growth. Also, increase in research and development activities is expected to propel the market growth during this analysis period. Moreover, increase in dependency on psychedelic drugs for treatment of depression is expected to propel the global psychedelic drugs market growth during this forecast period.
Market Restraints
However, stringent rules and regulations imposed by government to commercialize psychedelic drugs is the major challenging factor which is expected to hinder the global psychedelic drugs market growth. Also, poor efficiency and safety profile of existing intervention will affect the market growth over the forecast period.
Market Segmentation
Global Psychedelic Drugs Market is segmented into drug type such as Lysergic Acid Diethylamide (LSD), 3,4-MethylEnedioxyMethamphetamine (Ecstasy), Phencyclidine, Gamma Hydroxybutyric Acid (GHB), Ketamine, Ayahuasca, Salvia, Psilocybin, and Others, by route of administration such as Oral, Injectable, and Inhalation, by distribution channel such as Direct Retailers, Online Pharmacies, and Others. Further, market is segmented into End -Users such as Hospitals, Homecare, Specialty Clinics, and others.
Also, Global Psychedelic Drugs Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AstraZeneca,, COMPASS,, Klarisana, F. Hoffmann-La Roche Ltd, Takeda Pharmaceutical Company Limited,, Dr. Reddy’s Laboratories Ltd,, Pfizer Inc,, Merck & Co., Inc, ,and Lundbeck A/S
Market Taxonomy
By Drug Type
- Lysergic Acid Diethylamide (LSD)
- 3,4-MethylEnedioxyMethamphetamine (Ecstasy)
- Phencyclidine
- Gamma Hydroxybutyric Acid (GHB)
- Ketamine
- Ayahuasca
- Salvia
- Psilocybin
- Others
By Route of Administration
- Oral
- Injectable
- Inhalation
By Distribution Channel
- Direct Retailers
- Online Pharmacies
- Others
By End-User
- Hospitals
- Homecare
- Specialty Clinics
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Psychedelic Drugs Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
1 Introduction
2 Research Methodology
4 Global Psychedelic Drugs Market Outlook
5 Global Psychedelic Drugs Market, By Drug Type
6 Global Psychedelic Drugs Market, By Route of Administration
7 Global Psychedelic Drugs Market, By Distribution Channel
8 Global Psychedelic Drugs Market, By End User
9 Global Psychedelic Drugs Market, By Region
10 North America Psychedelic Drugs Analysis and Forecast (2020 - 2027)
11 Europe Psychedelic Drugs Market Analysis and Forecast (2020 - 2027)
12 Asia Pacific Psychedelic Drugs Market Analysis and Forecast (2020 - 2027)
13 Latin America Psychedelic Drugs Market Analysis and Forecast (2020 - 2027)
14 Middle East Psychedelic Drugs Market Analysis and Forecast (2020 - 2027)
15 Competitive Analysis
16 Company Profiles
Companies Mentioned
- AstraZeneca
- COMPASS
- Klarisana
- F. Hoffmann-La Roche Ltd
- Takeda Pharmaceutical Company Limited
- Dr. Reddy’s Laboratories Ltd
- Pfizer Inc
- Merck & Co. Inc
- Lundbeck A/S