Overview of the Global Psychedelic Drugs Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Psychedelic Drugs Market By Source (Syntheti, Natural), By Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin, Lysergic Acid Diethylamide [LSD], MethylEnedioxyMethamphetamine), By Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder, Other), By Route of Administration (Oral, Inhalation, Injectable), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) and others, The Psychedelic Drugs Market size was valued at around USD 1.92 billion in 2024 and is projected to reach USD 3.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Psychedelic Drugs Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 12%
Request Free Sample Report (Exclusive Offer on this report): https://www.marknteladvisors.com/query/request-sample/psychedelic-drugs-market.html
Global Psychedelic Drugs Market Driver:
Growing Prevalence of Mental Illness – The prevalence of mental illness varies by age and sex and has increased more rapidly than other serious illnesses. There has been an increase in instances of mental health conditions, including anxiety, sleep-wake disorder, and depressive disorders. For instance, as per a survey by MedlinePlus, it was found that excessive time spent on social media was associated with anxiety, depression, negative body image, and psychological distress. It is estimated that 72% of Americans use social media which affects their mental health.
Similarly, the National Alliance on Mental Illness in 2023 found that more than USD 43.8 million people are affected by mental health disorders on account of spending more time on social media. For instance, as per the Mental Health Foundation, in 2021, those aged 16 to 29 years were most likely to have some anxiety and depression and they are estimated to be around 28%. From 2022 to 2023, an average of 37.1% of women and 29.9% of men reported high levels of anxiety. Therefore, health disorders such as psychosis, anxiety, panic attacks, and depression require psychedelic drugs for their treatments. Thus, the increase in anxiety and other mental disorders is expected to increase the demand for psychedelic drugs.
A Comprehensive Analysis of Leading Companies of Psychedelic Drugs Market by MarkNtel Advisors:
- Jazz Pharmaceuticals, Inc. (U.S.)
- Janssen Pharmaceuticals, Inc. (U.S.)
- Hikma Pharmaceuticals PLC (U.K.)
- Compass
- Pfizer Inc.
- Avadel
- AbbVie Inc.
- Celon Pharma
- GH Research
- Entheon Biomedical Corp
- PharmaTher Holdings Ltd.
- Usona Institute
- Cybin Corp.
- Hoffmann-La Roche Ltd
- AstraZeneca PLC
- Numinus Wellness Inc.
- Others
Key Psychedelic Drugs Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/psychedelic-drugs-market.html
-By Source
- Synthetic
- Natural
Based on the source, the synthetic psychedelic segment dominates the market and has a share of around 53% because it is safe and approved by government testing agencies.
-By Drugs
- Gamma-Hydroxybutyric Acid
- Ketamine
- Psilocybin
- Lysergic Acid Diethylamide (LSD)
- MethylEnedioxyMethamphetamine
Based on type of the drugs, the Ketamine segment holds the largest market share of around 45% this is due to the adoption of ketamine to treat depression.
-By Application
- Narcolepsy-Market Size & Forecast 2020-2030, USD Million
- Treatment Resistant Depression-Market Size & Forecast 2020-2030, USD Million
- Major Depressive Disorder-Market Size & Forecast 2020-2030, USD Million
- Opiate Addiction-Market Size & Forecast 2020-2030, USD Million
- Post-Traumatic Stress Disorder-Market Size & Forecast 2020-2030, USD Million
- Other-Market Size & Forecast 2020-2030, USD Million
-By Route of Administration
- Oral
- Inhalation-Market Size & Forecast 2020-2030, USD Million
- Injectable-Market Size & Forecast 2020-2030, USD Million
-By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America holds the largest market share around 43% of the Global Psychedelic Drugs Market. This is due to the region has advanced healthcare system, growing acceptance of mental health treatments, and increased funding for psychedelic research.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/psychedelic-drugs-market.html
“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”
Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 120+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
More Research Studies:
- Gift Wrapping Paper Market size was valued at around USD 12.81 billion in 2024 and is projected to reach USD 3 12 billion by 2030 with a CAGR of 5.125%.
- Buy Now Pay Later Market size was valued at around USD 14.88 billion in 2024 and is projected to reach around USD 31.71 billion by 2030 along with a CAGR of 112.15%.
- Graphite Market size is valued at USD 17.18 billion in 2024 and is projected to reach USD 23 billion by 2030, with a CAGR of around 5%. Explore more!
Media Contact:
Company Name: MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com/
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India
Comments
0 comment