North America Psychedelic Drugs Market: Industry Size, Growth, Demand, Opportunities and Forecast By 2029


Posted May 5, 2022 by dbm1995

North America psychedelic drugs market is expected to gain market growth in the forecast period of 2022 to 2029.

 
North America Psychedelic Drugs Market report contains thorough description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis.

North America psychedelic drugs market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.4% in the forecast period of 2022 to 2029 and is expected to reach USD 7,130.53 million by 2029 from USD 2,641.51 million in 2021. Rising prevalence of mental depression and anxiety and availability of off label drugs are the major drivers which propelled the demand of the market in the forecast period

Psychedelic drugs involve various types of chemical substances including LSD and chemical extracted from plants. Psychedelic drugs have the ability to change or enhance the senosory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences. Psychedelic drugs can be categorized into empathogens and dissociative drugs (such as PCP) and serotonergic (classic hallucinogens) such as LSD. Both the types of psychedelic drugs can cause hallucinations and feeling of sensation, moreover, dissociative drugs can make a person to fell out of control from their body or environment and makes them feel disconnected.

Based on the source, psychedelic drugs have been categorized under natural and synthetic types. These drugs have wide applications in the treatment of major depressive disorder, post-traumatic stress disorder, panic disorder, treatment-resistant depression and opiate addiction among others. Psychedelic drugs are also known by several other names such as LSD (lysergic acid derivative) which are also known as blotter, dots, sugar, acid, trips and window pane, ketamine are also known as vitamin K, bump, green, K/special K, purple and super acid, PCP are also known as angel/angel dust, boat/love boat, peace, killer weed, super grass and ozone.

The major companies providing psychedelic drugs are Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, COMPASS, Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc., PharmaTher Inc., Avadel, NeuroRx, Inc., usonainstitute.org, Mind Medicine, Inc., Cybin Corp., DemeRx, GABA Therapeutics, Inc., EmpathBio among others.

Psychedelic drugs market also provides you with detailed market analysis for every country growth in aesthetic industry with Psychedelic drugs sales, impact of advancement in the Psychedelic drugs and changes in regulatory scenarios with their support for the Psychedelic drugs market. The data is available for historic period 2011 to 2020.

Key Topics Covered:
Executive Summary

Market overview
Market Landscape

Market ecosystem
Value chain analysis
Market Sizing

Market definition
Market segment analysis
Market size
Market outlook
Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation

Geographic Landscape
Key leading countries
Market opportunity
Market drivers
Market challenges
Market trends
Vendor Landscape

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Issued By North America Psychedelic Drugs Market
Country India
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Last Updated May 5, 2022