North America Psychedelic Drugs Market Report Analysis And Insights For Highly Profitable Investment Decision: Industry Outlook By 2021-2028
North America Psychedelic Drugs Market report provides industry chain suppliers of the market with contact information. It includes potential and niche segments/regions exhibiting promising growth. Under market development, it gives comprehensive information about emerging markets and also analyzes the market across geographies. It gives a comprehensive overview of this Market. The report contains information about the top players in this industry, their product portfolios, and their key strategies. This Market report helps in understanding the future outlook and prospects for market analysis and forecast 2021-2028. It also analyzes the size of the market and infers the key trends from it.
Psychedelic drugs market has shown an increasing prevalence of depression and mental disorders which are increasing demand of psychedelic drugs. Although, regulations imposed on psychedelic drugs restricts the growth of the market.
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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 11.5% in the forecast period of 2021 to 2028 and is expected to reach USD 6,433.94 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.
The awareness campaigns have encouraged people to select appropriate treatment for mental disorders procedures and professionals which is increasing the demand of psychedelic drugs and the rising awareness towards mental health is acting as a driver for the psychedelic drugs market. Changes in the regulation charges for psychedelic drugs approval and taking regulatory approval could lead to delay product launch and stringent regulatory is working as a restraint for the psychedelic drugs market. Increasing research and development expenditure in the psychedelic drugs is creating new opportunities in the psychedelic drugs market, thus increasing R&D activities in psychedelic drugs is acting as an opportunity for the growth of the psychedelic drugs market. The increasing side effects of the psychedelic drugs act as a challenge for the growth of the psychedelic drugs market in the forecasted period.
Major Market Key Competitors:
- 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.
- AVADEL PHARMACEUTICALS, PLC
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.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
North America 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.
LIST OF FIGURES
FIGURE 1 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION
FIGURE 2 NORTH AMERICA PSYCHEDELIC DRUGS MARKET : DATA TRIANGULATION
FIGURE 3 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: DROC ANALYSIS
FIGURE 4 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS
FIGURE 5 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: MULTIVARIATE MODELLING
FIGURE 7 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 8 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: DBMR MARKET POSITION GRID
FIGURE 9 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: VENDOR SHARE ANALYSIS
FIGURE 11 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: SEGMENTATION
FIGURE 12 GROWING ACCEPTANCE OF PSYCHEDELIC DRUGS FOR TREATING DEPRESSION AND INCREASING PREVALENCE OF DEPRESSION AND MENTAL DISORDERS ARE DRIVING THE NORTH AMERICA PSYCHEDELIC DRUGS MARKET IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 13 SYNTHETIC SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA PSYCHEDELIC DRUGS MARKET IN 2021 & 2028
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF NORTH AMERICA PSYCHEDELIC DRUGS MARKET
FIGURE 15 MENTAL ILLNESS AMONG THE U.S. ADULTS, IN 2018, BY DEMOGRAPHIC GROUP
FIGURE 16 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS, IN 2018, BY DEMOGRAPHIC GROUP
FIGURE 17 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS, IN 2018, BY GENDER
FIGURE 18 PREVALENCE OF MENTAL HEALTH DISORDERS BY DISORDER TYPE, IN WORLD, IN 2017
FIGURE 19 MAGIC MUSHROOMS PRICES FOR RESEARCHERS, IN THE U.S.
FIGURE 20 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY SOURCE, 2020
FIGURE 21 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY SOURCE, 2021-2028 (USD MILLION)
FIGURE 22 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY SOURCE, CAGR (2021-2028)
FIGURE 23 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY SOURCE, LIFELINE CURVE
FIGURE 24 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY TYPE, 2020
FIGURE 25 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY TYPE, 2021-2028 (USD MILLION)
FIGURE 26 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY TYPE, CAGR (2021-2028)
FIGURE 27 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY TYPE, LIFELINE CURVE
FIGURE 28 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY DRUGS, 2020
FIGURE 29 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY DRUGS, 2021-2028 (USD MILLION)
FIGURE 30 NORTH AMERICA PSYCHEDELIC DRUGS MARKET: BY DRUGS, CAGR (2021-2028)
Psychedelic Drugs Market Country Level Analysis
The 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 psychedelic drugs market report are the U.S., Canada and Mexico.
The U.S is dominating in the North America 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 North America 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.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Access Control Industry Insights
5.1 Industry segmentation
5.2 Industry landscape
5.3 Vendor matrix
5.4 Technological and innovation landscape
6. Access Control Market, By Region
6.1 North America
6.2 Market & Forecast
6.3 Volume & Forecast
6.4 Western Europe
6.7 Other Countries
7. Method / Technology
7.1 Traditional Microbiology
7.2 Market & Forecast
7.3 Volume & Forecast
7.4 Molecular Diagnostics
8.1 Business Overview
8.2 Financial Data
8.3 Product Landscape
8.4 Strategic Outlook
8.5 SWOT Analysis
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