Pune, India -- (SBWIRE) -- 03/30/2020 -- This Psychedelic Drugs market report also puts emphasis on key market dynamics of the Healthcare  industry and provides historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the allied industry. Furthermore, this market research report presents thorough summary of the market where it finds out industry trends, determines brand awareness and influence, gives industry insights and offers competitive intelligence. While forming this industry analysis report, systematic gathering and analysis of information about individuals or organisations has been conducted through social and opinion research. With this Psychedelic Drugs report, a strong organization can be constructed and better decisions can be made that take business towards the great level of success.

Global psychedelic drugs market is rising gradually with a healthy CAGR in the forecast period of 2019-2026. Growing prevalence of depression worldwide and increase in special designation from the regulatory authorities to the company to expedite the development process are the key factors for market growth.

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Few of the major competitors currently working in the global psychedelic drugs market are COMPASS, The Emmes Company, LLC, Klarisana,  AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy's Laboratories Ltd, Takeda Pharmaceutical Company Limited, Pfizer Inc, Mylan N.V. , Merck & Co., Inc, Alkermes, ALLERGAN, H. Lundbeck A/S among others.

Market Definition: Global Psychedelic Drugs Market:

Psychedelic drugs are also known as psychedelics are the class of hallucinogenic drugs including both classic hallucinogens as well as dissociative drugs that are used recreationally, to alter and enhance the  sensory perception, elevate the mood swings, thought process, energy level promoting spiritual experiences. Psychedelic drugs have been used experimentally for psychological treatment and are able to control mind hence maintaining peace.

According to the statistic published in our World in Data 2017, the global burden of mental and substance use disorders were 122.76 million. Increase cases of mental disorders and accelerating demand of novel therapies are the drivers promoting the growth of this market.

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Segmentation: Global Psychedelic Drugs Market:

Psychedelic Drugs Market : By Application

Major Depressive Disorder
Resistant depression
Panic disorder
Post-traumatic stress disorder
Opiate Addiction
Others

Psychedelic Drugs Market : By Drugs

Lysergic Acid Diethylamide (LSD)
3,4-Methyl?Enedioxy?Methamphetamine (Ecstasy)
Phencyclidine
Gamma Hydroxybutyric Acid (GHB)
Ketamine
Ayahuasca
Salvia
Psilocybin
Others

Psychedelic Drugs Market : By Route of Administration

Oral
Injectable
Inhalation

Psychedelic Drugs Market : By Distribution Channel

Direct Retailers
Online Pharmacies
Others

Psychedelic Drugs Market :  By End-Users

Hospitals
Homecare
Specialty Clinics
Others

Psychedelic Drugs Market : By Geography

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

Key Developments in the Psychedelic Drugs Market: 

In October 2018, COMPASS received Breakthrough Therapy designation from the FDA for psilocybin therapy for the treatment of resistant depression. With Breakthrough Therapy designation, company can obtain all fast track designation features and FDA commitment and guidance ensuring efficient drug development programme
In August 2018, COMPASS received new drug application approval from the FDA for the psilocybin therapy for the treatment of resistant depression. If the trial is successful, it will change the treatment landscape of patients suffering from resistant depression

Primary Respondents : Psychedelic Drugs Market:

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Key benefits of buying the Psychedelic Drugs Market Report:

This Psychedelic Drugs Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Psychedelic Drugs Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

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