Psychedelic drugs are used to treat depression and post-traumatic stress disorder, and their regular usage decreases mental illnesses. Mental illnesses include conditions such as distress and post-traumatic stress disorder. Mental illnesses refer to health conditions involving changes in emotion, thinking, or behavior. The increase in the cases of mental illnesses is expected to propel the growth of the psychedelic drug market going forward. The countries covered in the psychedelic drug market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the psychedelic drug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Asia-Pacific is expected to be the fastest-growing region in the forecast period. North America was the largest region in the psychedelic drug market in 2022. Novamind is a US-based mental health company and manufacturer of psychedelic medicine. With this acquisition, Numinus is expected to expand its psychotherapy clinics in the US and develop advanced psychedelic programs. In April 2022, Numinus, a Canada-based company that manufactures psychedelic medicine with holistic, integrated psychotherapy, acquired Novamind for a deal amount of $20.77 million. This spray is used for the immediate care of patients, both adults and children, with known or suspected opioid overdoses, as shown by respiratory depression and/or central nervous system depression. KLOXXADO is an 8 mg nasal spray containing naloxone HCl. For instance, in August 2021, Hikma Pharmaceuticals plc, a UK based pharmaceutical company, launched KLOXXADO. Major companies operating in the psychedelic drug market are introducing nasal spray drugs for major depressive disorders to sustain their position in the market. The introduction of "depression spray" is the key trend gaining popularity in the psychedelic drug market. The numerous applications include treatment-resistant depression, opiate addiction, post-traumatic stress disorder, narcolepsy, and panic disorders, and are distributed through various channels such as hospital pharmacies, retail pharmacies, and online pharmacies. The various disease indications include depression and PTSD, which could be natural or synthetic. LSD is manufactured in crystalline form and then mixed with other inert ingredients or diluted as a liquid to produce an ingestible form. Lysergic Acid Diethylamide (LSD) is also known colloquially as acid. The main types of psychedelic drugs are lysergic acid diethylamid, ketamine, phencyclidine, gamma-hydroxybutyric acid (GHB), and salvia. These medications are used to treat a variety of brain conditions. These include chemicals such as Lysergic acid diethylamid (LSD) and plants such as peyote. All of the senses are affected by psychedelics, which change a person's thinking, perception of time, and emotions. Psychedelic drug refers to a group of psychoactive drugs that alter perception, mood, and thought processes. Suitable for supporting your internal and external presentations with reliable high quality data and analysis Benchmark performance against key competitors. Understand customers based on the latest market shares.
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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies. Reddy's Laboratories Ltd., Takeda Pharmaceutical Company Limited, Allergan Inc., Mota Ventures Corp., Seelos Therapeutics, Emmes Company, and Novatris International AG.
Major players in the psychedelic drug market are Johnson & Johnson, Pfizer, Hikma Pharmaceuticals PLC, Roche Holding AG, Merck & Co Inc., Jazz Pharmaceuticals plc, COMPASS Pathways PLC, Celon Pharma S.A., Numinus Wellness Inc., AbbVie, Mylan N.V., Avadel, NeuroRx Inc., Klarisana, AstraZeneca, Dr. The psychedelic drugs market is expected to grow to $8.31 billion in 2027 at a CAGR of 14.5%. The global psychedelic drugs market grew from $4.2 billion in 2022 to $4.83 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. This report provides strategists, marketers and senior management with the critical information they need to assess the market. Global Psychedelic Drugs Market Report 2023: Increase in the Cases of Mental Illnesses is Expected to Propel GrowthĭUBLIN, Ap/PRNewswire/ - The "Psychedelic Drugs Global Market Report 2023" report has been added to 's offering.
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