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Drug Research Studies

Psychedelic Drugs Market – Top Players are COMPASS, The Emmes Company, LLC, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy’s Laboratories Ltd – US Trade Media

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.

Key Market Players:

Few of the major competitors currently working in the global psychedelic drugs market are 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.

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.

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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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

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-Methyl​Enedioxy​Methamphetamine (Ecstasy)
  • Phencyclidine
  • Gamma Hydroxybutyric Acid (GHB)
  • Ketamine
  • Ayahuasca
  • Salvia
  • Psilocybin
  • Others

By Route of Administration

  • Oral
  • Injectable
  • Inhalation

By Distribution Channel

 By End-Users

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

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  • 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.

Significant Point Mentioned in the Research report

The market overview, market dynamics, market growth, etc. are cited in the report.

The power and also 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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