Psychedelic Drugs Market Evolving Technology Trends and Industry Analysis by 2026 - COMPASS, The Emmes Company, LLC, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy's Laboratories Ltd | Data Bridge Market Research

SAN FRANCISCO, Nov. 14, 2019 /PRNewswire/ -- The Psychedelic Drugs Market research report offers the in depth perspective of all the ongoing trends that are affecting the market. The study throws light on the market mainly focusing on the growth factors and even the restraining factors. It includes the vital data such as key recommendations and prediction by the analyst, intended to steer a strategic business decision. It also provides detailed industry analysis of the market with the help of proven research methodologies such as Porters Five Force Analysis and SWOT analysis.  The forces analyzed are the bargaining power of the buyers, suppliers, the threat of new entrants and the degree of competition.

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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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.

Key Market Players: 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.

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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Explaining the Market

The Psychedelic Drugs research report explains the market by providing the overlook of the market, Market dynamics, Market share, size and growth. The research study is the perfect mix of the qualitative and quantitative information highlighting the key market extensions, challenges that industry and competition are challenging along with the break analysis and new opportunities available and trend in the market.

Understands the Latest trends:

The statistical surveying report helps to understand the emerging latest trends which helps to grow the Market. A brief analysis of the market provides the information of the upcoming opportunities  of the Market

Market Drivers

• Increase in the prevalence of depression worldwide can act as a driver for the growth of this market
• Treatment for psychedelic drugs dependency can also boost the market growth
• Changing  life style and requirement for enhanced and better life quality is propelling the market growth
• Increase special designation from the regulatory authority can drive the market growth

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Competitive Evaluation:

The Psychedelic Drugs research report highlights the import market Dynamics of the Industry, Definitions and Software of this Series and Also business arrange of this Market.  Future prospects of this industry and Market scenario. Also, Prime strategical tasks on the current Market including improvements, mergers, acquisitions and Partnership, etc.

Segmentation: Global Psychedelic Drugs Market

By Application

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

By Drugs

• Lysergic Acid Diethylamide (LSD)
• 3,4-MethylEnedioxyMethamphetamine (Ecstasy)
• Phencyclidine
• Gamma Hydroxybutyric Acid (GHB)
• Ketamine
• Ayahuasca
• Salvia
• Psilocybin
• Others

By Route of Administration

• Oral
• Injectable
• Inhalation

By Distribution Channel

• Direct Retailers
• Online Pharmacies
• Others

By End-Users

• Hospitals
• Homecare
• Specialty Clinics
• Others

Regional Analysis:

• North America
• South America
• Middle east and Africa
• Asia and Pacific region
• Europe

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Key Developments in the 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

Competitive Analysis:

Global psychedelic drugs market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global psychedelic drugs market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Psychedelic drugs market research report gives methodical idea about the current scenario of the global market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics. To make better decisions, generate maximum revenue, and enhance business profit, this psychedelic drugs market research report is a great key. Massive data and information of this report is collected from a multiple trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers. This psychedelic drugs report helps clients recognize new opportunities and most important customers for their business growth and increased revenue.

Significant Point Mentioned in the Research report

• The market overview, market dynamics, market growth, etc. are cited in the report.
• The power and business manufacturing of the significant manufacturers has been mentioned with the technical data.
• The study provides historical market data with the revenue predictions and forecast from 2019 till 2026.
• This report is a valuable asset for the existing players, new entrants and the future investors.

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