Market Overview:-
Psychedelic Drugs Market document provides a comprehensive synopsis on the study for market and how it is impacting the Healthcare industry. By applying best-practice models and research methodologies, complete market analysis is performed in this market report to make sure that the report provides accurate market segmentation and insights for the success of client’s business. What is more, the trends in consumer and supply chain dynamics are also recognized and then accordingly strategies about marketing, promotion, and sales are interpreted for an extreme success. Businesses can thrive in this swiftly changing marketplace by adopting a credible this market research report.
Psychedelic drugs involve various types of chemical substances including lysergic acid diethylamide (LSD) and chemical extracted from plants. These drugs have the ability to change or enhance the sensory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences. The psychedelic drugs can be categorized into empathogens and dissociative drugs (such as phenyl cyclohexyl piperidine (PCP)) and serotonergic (classic hallucinogens) such as LSD. Both 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 make them feel disconnected. Based on the source, psychedelic drugs have been categorized under natural and synthetic types.
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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 lysergic acid derivative (LSD) 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.
Post COVID-19 Impact on psychedelic drugs market
The COVID-19 has positively affected the market. Lockdowns and isolation during pandemics complicate the disease management and medication adherence. Hence, the use of various treatment drugs has widely increased in the world’s population. Hence, the pandemic has effected positively on this market.
Recent Developments
· In August 2020, Janssen Pharmaceuticals, Inc. received approval for its Spravato nasal spray indicated for treatment of suicidal people. As approximately 11% to 12% of Americans suffers from major depressive disorder that led them to commit suicide, this approval provided these patients with a remarkable therapy and paved the way for the company to generate more revenue.
• In January 2020, Jazz Pharmaceuticals, Inc. has received the marketing authorization of solriamfetol (Sunosi) indicated for treatment of excessive daytime sleepiness in adults with narcolepsy. This authorization allowed the company to enhance product distribution network and to generate more revenue in the market
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Some of the major companies influencing this market include:
The major companies which are dealing in the market are Jazz Pharmaceuticals, Inc., Janssen Global Services, LLC (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, COMPASS, Verrian, Pfizer Inc., F. Hoffmann-La Roche Ltd, Avadel, Celon Pharma SA., Cybin Corp., GH Research, Entheon Biomedical Corp, PharmaTher Holdings Ltd., NRx Pharmaceuticals, Inc., usonainstitute.org, among others.
Market Segmentation
Global Psychedelic drugs market is segmented into the source, type, drugs, application, route of administration, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Source
· Synthetic
· Natural
On the basis of source, the global psychedelic drugs market is segmented into synthetic and natural.
Type
· Empathogens
· Dissociatives
· Others
On the basis of type, the global psychedelic drugs market is segmented into empathogens, dissociatives, and others.
Drugs
· Gamma-Hydroxybutyric Acid
· Ketamine
· Psilocybin
· Others
On the basis of drugs, the global psychedelic drugs market is segmented into gamma-hydroxybutyric acid, ketamine, psilocybin and others.
Application
· Narcolepsy,
· Treatment Resistant Depression
· Major Depressive Disorder
· Opiate Addiction
· Post-Traumatic Stress Disorder
· Others
On the basis of application, the global psychedelic drugs market is segmented into narcolepsy, treatment resistant depression, major depressive disorder, opiate addiction, post-traumatic stress disorder and others.
Route of Administration
· Oral
· Inhalation
· Injectable
On the basis of route of administration, the global psychedelic drugs market is segmented into oral, inhalation and injectable.
End User
· Hospital
· Speciality Clinics
· Homecare
· Others
On the basis of end user, the global psychedelic drugs market is segmented into hospital, speciality clinics, homecare, and others.
Distribution Channel
· Hospitals Pharmacy
· Retail Pharmacy
· Online Pharmacy
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Regions Covered in Artificial Intelligence in Genomics 2022 Global Market Report:
· The Middle East and Africa (GCC countries and Egypt)
· North America (United States, Mexico and Canada)
· South America (Brazil, etc.)
· Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
· Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
Key questions answered in the report include:
who are the key market players in the this Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the this Market?
What are the regional growth trends and the leading revenue-generating regions for the this Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key this Market trends impacting the growth of the market?
What are the major Product Types of this Market?
What are the major applications of this Market?
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