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The Global 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.
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Global Psychedelic Drugs Market Research Report: Forecast (2025- 2030) Get a Free Sample of the Report: MARKNTEL ADVISORS
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Market Insights The Global 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. Increasing awareness about mental health and government Initiatives raising the demand for psychedelic drugs. As per the WHO (World Health Organization), the Global Mental Health, and World Federation for Mental Health, have increased their attention towards mental health and its awareness among consumers worldwide. For instance, the National Alliance of Mental Illness NAMI in 2022, revealed that every year, about 21% of adults in the U.S. are affected by some or other mental health issue and less than half of this population seek professional guidance. Many of them are not aware of the various treatment options.
Market Opportunity Increase in the number of Research & Development Activities Increase in the number of Research & Development Activities – – Mental illness is a broad spectrum of health conditions that affect mood, thinking, and behavior. These include depression, bipolar disorder, anxiety, and eating disorders, among others. The biopharmaceutical research companies are conducting research in the field of mental illness and increasing more number of R&D activities. This will provide beneficial opportunities for the growth of the psychedelic drugs market. Aggravating a growing scientific understanding of the brain, biopharmaceutical research is moving towards developing new treatments and researchers improving the understanding of the causes and risk factors of mental health problems. Therefore, the increasing investment in the development of advanced technologies and rising emerging-market numbers will further provide beneficial opportunities for the psychedelic drugs market in the forecast period.
Market Segments 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
Top Companies 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., F. Hoffmann-La Roche Ltd., AstraZeneca PLC, Numinus Wellness Inc., and others
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MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”
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