Psychedelic Drugs Market to Witness Promising CAGR Growth of 13.3% by 2029

New York – United States

Psychedelic Drugs Market report provides comprehensive analysis and estimation of various market related factors that plays key role in better decision making. The marketing document also covers very important aspect which is competitive intelligence and with this business can gain competitive advantage to thrive in the market. This market research report is a vigilant investigation of current scenario of the market and future estimations which spans several market dynamics. The data and information regarding the Psychedelic Drugs industry which has been derived from the consistent sources such as websites, annual reports of the companies, journals, and others.

Data Bridge Market Research analyses that the market is growing with a CAGR of 13.3% in the forecast period and is expected to reach USD 6,401.95 million by 2029 from USD 2,386.72 million in 2021.

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Global Psychedelic Drugs Market Scope

Global Psychedelic drugs market is segmented into the source, type, drugs, application, route of administration, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Source

  • Synthetic
  • Natural

On the basis of source, the global psychedelic drugs market is segmented into synthetic and natural.

Type

  • Empathogens
  • Dissociatives
  • Others

On the basis of type, the global psychedelic drugs market is segmented into empathogens, dissociatives, and others.

Drugs

  • Gamma-Hydroxybutyric Acid
  • Ketamine
  • Psilocybin
  • Others

On the basis of drugs, the global psychedelic drugs market is segmented into gamma-hydroxybutyric acid, ketamine, psilocybin and others.

Application

  • Narcolepsy,
  • Treatment Resistant Depression
  • Major Depressive Disorder
  • Opiate Addiction
  • Post-Traumatic Stress Disorder
  • Others

On the basis of application, the global psychedelic drugs market is segmented into narcolepsy, treatment resistant depression, major depressive disorder, opiate addiction, post-traumatic stress disorder and others.

Route of Administration

  • Oral
  • Inhalation
  • Injectable

On the basis of route of administration, the global psychedelic drugs market is segmented into oral, inhalation and injectable.

End User

  • Hospital
  • Speciality Clinics
  • Homecare
  • Others

On the basis of end user, the global psychedelic drugs market is segmented into hospital, speciality clinics, homecare, and others.

Distribution Channel

  • Hospitals Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

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Some of the major players operating in the psychedelic drugs market are Jazz Pharmaceuticals, Inc., Janssen Global Services, LLC (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, COMPASS, Verrian, Pfizer Inc., F. Hoffmann-La Roche Ltd, Avadel, Celon Pharma SA., Cybin Corp., GH Research, Entheon Biomedical Corp, PharmaTher Holdings Ltd., NRx Pharmaceuticals, Inc., usonainstitute.org, among others.

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