Global Psychedelic Drugs Market Size, Share, Trends, Demand, Growth and Competitive Analysis

 MarkNtel Advisors recently published a detailed industry analysis of the Global Psychedelic Drugs Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Psychedelic Drugs Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Psychedelic Drugs Market size was valued at around USD 1.92 billion in 2024 and is projected to reach USD 3.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30.


What are the major Driver the Global Psychedelic Drugs industry?

Growing Prevalence of Mental Illness – The prevalence of mental illness varies by age and sex and has increased more rapidly than other serious illnesses. There has been an increase in instances of mental health conditions, including anxiety, sleep-wake disorder, and depressive disorders. For instance, as per a survey by MedlinePlus, it was found that excessive time spent on social media was associated with anxiety, depression, negative body image, and psychological distress. It is estimated that 72% of Americans use social media which affects their mental health.

Similarly, the National Alliance on Mental Illness in 2023 found that more than USD 43.8 million people are affected by mental health disorders on account of spending more time on social media. For instance, as per the Mental Health Foundation, in 2021, those aged 16 to 29 years were most likely to have some anxiety and depression and they are estimated to be around 28%. From 2022 to 2023, an average of 37.1% of women and 29.9% of men reported high levels of anxiety. Therefore, health disorders such as psychosis, anxiety, panic attacks, and depression require Psychedelic Drugs Market for their treatments. Thus, the increase in anxiety and other mental disorders is expected to increase the demand for Psychedelic Drugs Market.

Access the detailed PDF Sample report –

https://www.marknteladvisors.com/query/request-sample/psychedelic-drugs-market.html

 What segments define the Global Psychedelic Drugs Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

  • By Source
    • Synthetic -Market Size & Forecast 2020-2030 USD Million
    • Natural- Market Size & Forecast 2020-2030, USD Million

According to report, Based on the source, the synthetic psychedelic segment dominates the market and has a share of around 53% because it is safe and approved by government testing agencies.

  • By Drugs
    • Gamma-Hydroxybutyric Acid-Market Size & Forecast 2020-2030, USD Million
    • Ketamine-Market Size & Forecast 2020-2030, USD Million
    • Psilocybin-Market Size & Forecast 2020-2030, USD Million
    • Lysergic Acid Diethylamide (LSD)-Market Size & Forecast 2020-2030, USD Million
    • MethylEnedioxyMethamphetamine-Market Size & Forecast 2020-2030, USD Million

According to report, Based on type of the drugs, the Ketamine segment holds the largest market share of around 45% this is due to the adoption of ketamine to treat depression. 

  • By Application
    • Narcolepsy-Market Size & Forecast 2020-2030, USD Million
    • Treatment Resistant Depression-Market Size & Forecast 2020-2030, USD Million
    • Major Depressive Disorder-Market Size & Forecast 2020-2030, USD Million
    • Opiate Addiction-Market Size & Forecast 2020-2030, USD Million
    •  Post-Traumatic Stress Disorder-Market Size & Forecast 2020-2030, USD Million
    • Other-Market Size & Forecast 2020-2030, USD Million
  • By Route of Administration
    • Oral
    • Inhalation-Market Size & Forecast 2020-2030, USD Million
    • Injectable-Market Size & Forecast 2020-2030, USD Million
  • By Distribution Channel
    • Hospital Pharmacy
    • Retail Pharmacy
    • Online Pharmacy

 Geographical Analysis: Global Psychedelic Drugs Market Market

·        By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Explore the Complete Global Psychedelic Drugs Market Analysis Report –

https://www.marknteladvisors.com/research-library/psychedelic-drugs-market.html

Global Psychedelic Drugs Market Market Share & Competitive Landscape:

The Psychedelic Drugs Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Psychedelic Drugs Market are:

·        Jazz Pharmaceuticals, Inc. (U.S.)

·        Janssen Pharmaceuticals, Inc. (U.S.)

·        Hikma Pharmaceuticals PLC (U.K.)

·        Compass

·        Pfizer Inc.

·        Avadel

·        AbbVie Inc.

·        Celon Pharma

·        Product Portfolio

·        GH Research

·        Entheon Biomedical Corp

·        PharmaTher Holdings Ltd.

·        Usona Institute

·        Cybin Corp.

·        F. Hoffmann-La Roche Ltd

·        AstraZeneca PLC

·        Numinus Wellness Inc.

Global Psychedelic Drugs Industry Recent Developments

  • October 2024: Avadel Pharmaceutical company announced that the U.S Food and Drug Administration FDA has approved its supplemental new drug application for LUMRYZ for the treatment of anxiety for the treatment of patients 7 years of age to older age with narcolepsy. This approval represents an important milestone for the narcolepsy community.

Questions Addressed in this Study

1.What factors are driving the Global Psychedelic Drugs Market Market growth?

2.How is the Global Psychedelic Drugs Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Psychedelic Drugs Market Market?

4.What is the current size of the Global Psychedelic Drugs Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Psychedelic Drugs Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here –

https://www.marknteladvisors.com/query/request-customization/psychedelic-drugs-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

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