North America Psychedelic Drugs Market – Industry Trends and Forecast to 2028

  • Pharmaceutical
  • Published Report
  • Mar 2021
  • North America
  • 350 Pages
  • No of Tables: 74
  • No of Figures: 53

North America Psychedelic Drugs Market, By Source (Synthetic, Natural), Type (Empathogens, Dissociatives, Others), Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin, Others), Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder, Others), Route of Administration (Oral, Inhalation, Injectable), End User (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028 

North America Psychedelic Drugs MarketMarket Analysis and Insights: North America Psychedelic Drugs Market

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.

Psychedelic drugs involve various types of chemical substances including LSD and chemical extracted from plants. Psychedelic drugs have the ability to change or enhance the senosory perceptions, thought processes, energy levels and have also been reported to facilitate spiritual experiences. Psychedelic drugs can be categorized into empathogens and dissociative drugs (such as PCP) and serotonergic (classic hallucinogens) such as LSD. 

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.  

The psychedelic drugs market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

North America Psychedelic Drugs MarketNorth 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.

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.  

Strategic Initiatives by Manufacturers is Creating New Opportunities for Players in the Psychedelic Drugs Market 

The psychedelic drugs market also provides you with detailed market analysis for every country growth in aesthetic industry with psychedelic drugs sales, impact of advancement in the psychedelic drugs and changes in regulatory scenarios with their support for the psychedelic drugs market. The data is available for historic period 2011 to 2019. 

Competitive Landscape and Psychedelic Drugs Market Share Analysis

The psychedelic drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to psychedelic drugs market.

The major players covered in the Europe psychedelic drugs market report are Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, COMPASS,  Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc., PharmaTher Inc., Avadel,  NeuroRx, Inc., usonainstitute.org among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. 

Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the psychedelic drugs market.

For instance,  

  • In February, F. Hoffmann-La Roche Ltd signed a merger agreement in order to acquire Spark Therapeutics, a company highly focused on discovery and development of therapies targeting neurodegenerative disorders among others. This agreement boosted the company’s existing product portfolio and allowed it to expand its root in the market.

Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the psychedelic drugs market which also provides the benefit for organisation to improve their offering for psychedelic drugs.  

Customization Available: North America Psychedelic Drugs Market  

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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LIST OF TABLES

TABLE 1 U.S. PSYCHEDELIC DRUGS MARKET, COMPANY WISE PIPELINE ANALYSIS

TABLE 2 U.S. PSYCHEDELIC DRUGS MARKET, RESEARCH INSTITUTE PIPELINE ANALYSIS

TABLE 3 PSYCHEDELICS RESEARCHES, IN EUROPE

TABLE 4 MENTAL ILLNESS IN THE U.S. ADULTS, IN 2018

TABLE 5 MENTAL DISORDERS, IN THE U.S. ADULTS, IN 2018

TABLE 6 MORE THAN ONE IN SIX PEOPLE IN EU COUNTRIES HAVE A MENTAL HEALTH PROBLEM

TABLE 7 MEN ARE MORE LIKELY TO DIE FROM SUICIDE, IN ALL EU COUNTRIES

TABLE 8 MENTAL DISORDERS CAUSED BY USAGE OF SUBSTANCE DISORDERS, IN WORLD, IN 2017

TABLE 9 DRUG DEVELOPMENT PATHWAY FOR FDA APPROVAL OF NEW MEDICATIONS

TABLE 10 THE 1971 UN CONVENTION ON PSYCHOTROPIC SUBSTANCES

TABLE 11 COST OF PSYCHEDELIC DRUGS

TABLE 12 TOTAL COSTS (DIRECT AND INDIRECT) OF MENTAL HEALTH PROBLEMS IN EU COUNTRIES, IN MILLION AND AS A SHARE OF GDP, IN 2015

TABLE 13 PSYCHEDELIC DRUGS R&D ACTIVITIES

TABLE 14 NORTH AMERICA PSYCHEDELIC DRUG MARKET, BY SOURCE 2020-2028 (USD MILLION)

TABLE 15 NORTH AMERICA SYNTHETIC IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 16 NORTH AMERICA NATURAL IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 17 NORTH AMERICA PSYCHEDELIC DRUG MARKET, BY TYPE, 2020-2028 (USD MILLION)

TABLE 18 NORTH AMERICA EMPATHOGENS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 19 NORTH AMERICA DISSOCIATIVES IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 20 NORTH AMERICA OTHERS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 21 NORTH AMERICA THERAPY IN PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2019-2028 (USD MILLION)

TABLE 22 NORTH AMERICA GAMMA-HYDROXYBUTYRIC ACID IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 23 NORTH AMERICA KETAMINE IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 24 NORTH AMERICA PSILOCYBIN IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 25 NORTH AMERICA OTHERS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 26 NORTH AMERICA APPLICATION IN PSYCHEDELIC DRUGS MARKET, BY APPLICATION, 2019-2028 (USD MILLION)

TABLE 27 NORTH AMERICA NARCOLEPSY IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 28 NORTH AMERICA TREATMENT RESISTANT DEPRESSION IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 29 NORTH AMERICA MAJOR DEPRESSIVE DISORDER IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 30 NORTH AMERICA OPIATE ADDICTION IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 31 NORTH AMERICA POST-TRAUMATIC STRESS DISORDER IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 32 NORTH AMERICA OTHERS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 33 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2019-2028 (USD MILLION)

TABLE 34 NORTH AMERICA ORAL IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 35 NORTH AMERICA INHALATION IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 36 NORTH AMERICA INJECTABLE IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 37 NORTH AMERICA PSYCHEDELIC DRUG MARKET, BY END USER, 2020-2028 (USD MILLION)

TABLE 38 NORTH AMERICA HOSPITALS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 39 NORTH AMERICA SPECIALTY CLINICS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 40 NORTH AMERICA HOMECARE IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 41 NORTH AMERICA OTHERS IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 42 NORTH AMERICA MEDICATION & SUPPLEMENTS IN PSYCHEDELIC DRUG MARKET, BY DISTRIBUTION CHANNEL, 2020-2028 (USD MILLION)

TABLE 43 NORTH AMERICA HOPITALS PHARMACY IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 44 NORTH AMERICA RETAIL PHARMACY IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 45 NORTH AMERICA ONLINE PHARMACY IN PSYCHEDELIC DRUGS MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 46 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY COUNTRY, 2019-2028 (USD MILLION)

TABLE 47 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 48 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 49 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2019-2028 (USD MILLION)

TABLE 50 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY APPLICATION , 2019-2028 (USD MILLION)

TABLE 51 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2019-2028 (USD MILLION)

TABLE 52 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 53 NORTH AMERICA PSYCHEDELIC DRUGS MARKET, BY DISTRUBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 54 U.S.PSYCHEDELIC DRUGS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 55 U.S. PSYCHEDELIC DRUGS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 56 U.S. PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2019-2028 (USD MILLION)

TABLE 57 U.S. PSYCHEDELIC DRUGS MARKET, BY APPLICATION , 2019-2028 (USD MILLION)

TABLE 58 U.S. PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2019-2028 (USD MILLION)

TABLE 59 U.S. PSYCHEDELIC DRUGS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 60 U.S. PSYCHEDELIC DRUGS MARKET, BY DISTRUBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 61 CANADA PSYCHEDELIC DRUGS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 62 CANADA PSYCHEDELIC DRUGS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 63 CANADA PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2019-2028 (USD MILLION)

TABLE 64 CANADA PSYCHEDELIC DRUGS MARKET, BY APPLICATION , 2019-2028 (USD MILLION)

TABLE 65 CANADA PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2019-2028 (USD MILLION)

TABLE 66 CANADA PSYCHEDELIC DRUGS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 67 CANADA PSYCHEDELIC DRUGS MARKET, BY DISTRUBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 68 MEXICO PSYCHEDELIC DRUGS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 69 MEXICO PSYCHEDELIC DRUGS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 70 MEXICO PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2019-2028 (USD MILLION)

TABLE 71 MEXICO PSYCHEDELIC DRUGS MARKET, BY APPLICATION , 2019-2028 (USD MILLION)

TABLE 72 MEXICO PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2019-2028 (USD MILLION)

TABLE 73 MEXICO PSYCHEDELIC DRUGS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 74 MEXICO PSYCHEDELIC DRUGS MARKET, BY DISTRUBUTION CHANNEL, 2019-2028 (USD MILLION)

 

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