Data Bridge Market Research has recently added a research report titled U.S. Psychedelic Drugs market which provides a detailed picture of different industry facts of the U.S. Psychedelic Drugs market. This professional and broad market report underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. U.S. Psychedelic Drugs market research report lends a hand for intelligent decision making and better manages marketing of goods and services which leads to growth in the business. U.S. Psychedelic Drugs market report also contains all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and excellent research methodology. Besides, businesses can utilize the information included in the market report to decide on their production and marketing strategies. It also provides a SWOT study to determine the companies’ pushing and restraining forces. This report is designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study. Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are also evaluated in this market during the forecast period 2027.
Psychedelic drugs market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.3% in the forecast period of 2020 to 2027 and expected to reach USD 6,859.95 million by 2027 from USD 2,077.90 million in 2019. Growing acceptance of psychedelic drugs for treating depression and increasing prevalence of depression and mental disorders are the factors for the market growth.
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U.S. Psychedelic Drugs Market Size Segment by Companies, this report covers:
- Johnson & Johnson Services, Inc
- Jazz Pharmaceuticals, Inc
- Celon Pharma SA
- Develco pharma schweiz ag
- Doughlas pharmaceuticals limited
- NeuroRX, Inc
- Hikma Pharmaceuticals PLC
- Amneal Pharmaceuticals, LLC
Market Segmentation Covered in the Report
By Source (Synthetic, Natural), Type (Dissociatives, Empathogens, Serotonergic (Classical Psychedelic Drugs)
By Application (Narcolepsy, Treatment-Resistant Depression, Post-Traumatic Stress Disorder (PTSD), Major Depressive Disorder, Others)
By Route of Administration (Oral, Intranasal, Parenteral, Others), Drugs (Gamma Hydroxybutyric Acid (GHB), Ketamine, 3,4-Methylenedioxymethamphetamine (Ecstasy), Psilocybin)
By End User (Hospitals, Speciality Clinic, Research Organization, Others)
North America (U.S., Canada, Mexico)
Asia Pacific (India, China, Japan, South Korea, ASEAN, Rest of Asia Pacific)
Europe (Italy, Germany, France, Spain, Central & Eastern Europe, Rest of Europe)
Middle East & Africa (GCC, Turkey, Rest of the Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)
Years considered for the study are:
Historical year – 2010-2019
Disreputable year – 2020
Estimate period – 2021 to 2028
Impact of COVID-19 on the Market
The COVID-19 epidemic has had an effect on many characteristics, such as travel bans; flight cancellations; quarantines; limited all indoor events proclaimed emergency in many countries; unpredictability of the stock market; major supply chain slowdown; declining economic assurance, and in sighted insecurity about the future. By generating supply chain turmoil, by directly influencing production and demand, and by having an economic impact on businesses and commercial markets, COVID-19 will influence the economy.
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Further Key Aspects Of The Report Indicate:
- U.S. Psychedelic Drugs Market overview & Market Scope
- U.S. Psychedelic Drugs Market Segmentation
- Regional diversification of the U.S. Psychedelic Drugs industry (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, Other parts of the world)
- Competitive analysis
- Important data coverage by region
- Manufacturer/Top Company Profile
- U.S. Psychedelic Drugs Market Forecast by Type, Application, and End User
- Important survey results and survey methods
- Reliable data source
- Research Findings and Conclusion
The U.S. Psychedelic Drugs report covers all the market shares and approaches of the major competitors or the key market players. Such highlights about competitive landscape plays very important role in deciding about the enhancements required in the product already in the market or the future product. The report also performs systemic analysis of growth trends and future prospects. Besides, this market report contains an extensive evaluation of the markets, growth prospects and restrictions. An influential U.S. Psychedelic Drugs market report offers an utter background analysis of the U.S. Psychedelic Drugs industry along with an assessment of the parental U.S. Psychedelic Drugs market. It is an essential document for every market enthusiast, policymaker, investor, and market player.
U.S. Psychedelic Drugs Market Scope and Market Size
- On the basis of source, the market is segmented into synthetic and natural. Synthetic dominates the psychedelic drugs market as all available drugs are derived from synthetic origin. For this reason, the synthetic segment dominates the market and will also grow at a higher rate over the forecasted period.
- On the basis of type, the market is segmented into dissociatives, empathogens, and serotonergic (classical psychedelic drugs). The dissociatives segment dominates the psychedelic drugs market as XYREM (sodium oxybate, Jazz Pharmaceuticals Inc.) is the only approved drug of disruptive psychedelics for the treatment of narcolepsy.
- On the basis of application, the market is segmented into narcolepsy, treatment-resistant depression, post-traumatic stress disorder (PTSD), major depressive disorder, others. Narcolepsy as a gamma hydroxybutyric acid (GHB) derivative dominates the psychedelic drugs market and primarily uses psychedelic medicine and the drug has been approved for narcolepsy. Due to this reason, the narcolepsy segment dominates the psychedelic drugs market.
- On the basis of route of administration, the market is segmented into oral, intranasal, parenteral, others. Oral is dominant in the psychedelic drugs market as Xyrem is the most branded drug available in the market in oral dosage forms. In addition, patient adherence is very important in symptomatic treatment of the disease. Oral administration of the drug is highly convenient for patients as compared to other forms.
Competitive Landscape and U.S. Psychedelic Drugs Market Share Analysis
The major players covered in the report are Johnson & Johnson Services, Inc., Jazz Pharmaceuticals, Inc., Celon Pharma SA, COMPASS, usonainstitute.org, Develco pharma schweiz ag , Doughlas pharmaceuticals limited, NeuroRX, Inc., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals, LLC., AVADEL PHARMACEUTICALS, PLC among other players in the U.S. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Key Influence of the U.S. Psychedelic Drugs Market:
- What was the U.S. Psychedelic Drugs Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of U.S. Psychedelic Drugs Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2019? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the U.S. Psychedelic Drugs Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the U.S. Psychedelic Drugs market.
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