Middle East and Africa Psychedelic Drugs Market is Expected to Reach USD 38.76 Million by 2028 – by Companies, Applications, Industry Growth, Competitors Analysis, New Technology

Middle East and Africa Psychedelic Drugs Market report gives essential information, objective insights regarding international market trends and leads, competitor analysis, and much more. All the teams involved in designing this market research report that includes consultants, market researchers, and data providers work hand-in-hand to generate more insightful data. This business report provides industry players with crucial support to expand their customer base within diverse market spaces. Traditional research methodologies are supplemented with innovative approaches to offer evidence-based insights via the Digital Health Technologies Market research report.

The psychedelic drugs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.2% in the forecast period of 2021 to 2028 and is expected to reach USD 38.76 million by 2028. The rising prevalence of mental depression and anxiety and availability of off-label drugs are the major drivers which has propelled the demand of the psychedelic drugs market in the forecast period.

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Psychedelic drugs involve various types of chemical substances including LSD and chemical extracted from plants. Psychedelic drugs have the ability to change or enhance the senosory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences. Psychedelic drugs can be categorized into empathogens and dissociative drugs (such as PCP) and serotonergic (classic hallucinogens) such as LSD.

Market Key Competitors:

• 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

Market Segmentation:

Middle East and Africa Psychedelic Drugs Market, By Source (Synthetic, Natural), Type (Empathogens, Dissociatives, Others), Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin, Others), Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder, Others), Route of Administration (Oral, Inhalation, Injectable), End User (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy), Country (Saudi Arabia, UAE, Israel and Egypt) Industry Trends and Forecast to 2028

By Region

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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LIST OF FIGURES

FIGURE 1 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION

FIGURE 2 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET : DATA TRIANGULATION

FIGURE 3 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: DROC ANALYSIS

FIGURE 4 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: MIDDLE EAST AND AFRICA VS REGIONAL MARKET ANALYSIS

FIGURE 5 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: MULTIVARIATE MODELLING

FIGURE 7 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 8 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: DBMR MARKET POSITION GRID

FIGURE 9 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 10 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: VENDOR SHARE ANALYSIS

FIGURE 11 MIDDLE EAST AND AFRICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION

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Some of the Major Highlights of TOC cover:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Access Control Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Access Control Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

Thanks for reading this article, you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

Psychedelic Drugs Market Scope and Market Size

The psychedelic drugs market is segmented into seven notable segments which are based on the source, type, drugs, application, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of source, the psychedelic drugs market is segmented into synthetic and natural. In 2021, synthetic segment is dominating as most of the products are made from chemicals that are man-made with very few products such as psilocybin made from natural ingredients.
• On the basis of type, the psychedelic drugs market is segmented into dissociatives, empathogens and others. In 2021, empathogens segment produce experiences of emotional communion, oneness, relatedness and used for treatment of cataplexy, narcolepsy and related disorders.
• On the basis of drugs, the psychedelic drugs market is segmented into gamma-hydroxybutyric acid, ketamine, psilocybin and others. In 2021, gamma-hydroxybutyric acid segment is dominating as xyrem from Jazz Pharmaceutical is one of the oldest available psychedelic drugs available in the market holding a major share and belongs to the drug class.
• On the basis of application, the psychedelic drugs market is segmented into narcolepsy, treatment resistant depression, post-traumatic stress disorder, major depressive disorder, opiate addiction and others. In 2021, narcolepsy segment is dominating as xyrem from Jazz Pharmaceutical is used for its treatment and it is the major shareholder in the market.
• On the basis of route of administration, the psychedelic drugs market is segmented into oral, inhalation and injectable. In 2021, oral segment is dominating as it is preferred over the various other administration routes of drug delivery.
• On the basis of end user, the psychedelic drugs market is segmented into hospitals, specialty clinics, homecare and others. In 2021, hospitals segment dominate the psychedelic drugs market due to the high patient load and most of the drugs are given under doctor’s supervision.
• On the basis of distribution channel, the psychedelic drugs market is segmented into hospitals pharmacy, retail pharmacy and online pharmacy. In 2021, hospitals pharmacy segment holds the largest market share as more number of patients is treated in hospitals and the demand for medicines in hospital pharmacy increases.

 

Key Offerings:

-Market Size & Forecast by Revenue | 2021−2028

-Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

-Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography

-Competitive Landscape – Top key vendors and other prominent vendorsInquire

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Middle East and Africa Psychedelic Drugs Market Country Level Analysis

Middle East and Africa psychedelic drugs market is analysed and market size information is based on the country, source, type, drugs, application, route of administration, end user and distribution channel as referenced above.

The countries covered in the Middle East and Africa psychedelic drugs market report are the Saudi Arabia, UAE, Israel and Egypt.

Saudi Arabia is dominating in the Middle East and Africa psychedelic drugs market and is expected to grow with the fastest CAGR in the forecast period as the demand for psychedelic drugs are increasing very rapidly due to increasing patient population and advancement in technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Reason to Buy:

• Highlights key business priorities in order to assist companies to realign their business strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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