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.
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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-Methyl?Enedioxy?Methamphetamine (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
By Drug Type
By Route of Administration
By Distribution Channel
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