Psychedelic Drugs Market Overview

The market for psychedelic drugs was estimated to be worth USD 4.86 billion in 2024. From 2025 to 2032, the market is projected to increase at a compound annual growth rate (CAGR) of 15.10 percent, reaching about USD 14.99 billion.

Psychedelic Drugs Market Scope and Methodology:

The Psychedelic Drugs market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Psychedelic Drugs market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Psychedelic Drugs Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Psychedelic Drugs Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

Psychedelic Drugs Market Regional Insights

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Psychedelic Drugs market situations in various nations. The Psychedelic Drugs market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

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Psychedelic Drugs Market Segmentation

by Type

Lysergic Acid Diethylamide (LSD)
3,4-MethylEnedioxyMethamphetamine (Ecstasy)
Phencyclidine
Gamma Hydroxybutyric Acid (GHB)
Etamine
Ayahuasca
Salvia
Psilocybin
Others

Given that Xyrem from Jazz Pharmaceutical is one of the oldest psychedelic drugs available, holds a significant market share, and is a member of the drug class, the gamma-hydroxybutyric acid category is expected to be the most popular in 2021. Because it is a Schedule III regulated substance, a doctor must prescribe it and keep a careful eye on it. GHB is used to treat excessive daytime sleepiness when it is prescribed. A small number of individuals have also been treated for alcoholism and drug detox using gamma-hydroxybutyric acid.

by Patient

Major Depressive Disorder
Resistant depression
Panic disorder
Post-traumatic stress disorder
Opiate Addiction
Narcolepsy
Others

Jazz Pharmaceutical's Xyrem, which is used to treat narcolepsy and is the market's largest stakeholder, is predicted to lead the narcolepsy segment in 2021. Daytime fatigue and sleep episodes are hallmarks of narcolepsy, a chronic sleep disease. In any circumstance, narcoleptics struggle to remain awake for extended periods of time. Numerous problems can arise in your daily life as a result of narcolepsy. Although narcolepsy is not a fatal condition, it can cause mishaps, injuries, and even situations when life is in danger.

by End-Use

Hospitals
Homecare
Specialty Clinics
Others

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Psychedelic Drugs Market Key Players

1. Janssen Pharmaceuticals,
2. Hikma Pharmaceuticals PLC
3. COMPASS
4. Verrian
5. Pfizer Inc.
6. F. Hoffmann-La Roche Ltd.
7. Jazz Pharmaceuticals Inc.
8. PharmaTher Inc.
9. Avadel
10. Celon Pharma S.A.
11. NeuroRx, Inc.
12. usonainstitute.org
13. Celon Pharma S.A.
14. Red Light Holland
15. Neonmind Biosciences
16. Novamind
17. MindMed
18. Numinus
19. Entheon Biomedical

Key questions answered in the Psychedelic Drugs Market are:

• What is Psychedelic Drugs ?
• What was the Psychedelic Drugs market size in 2023?
• What is the growth rate of the Psychedelic Drugs Market?
• Which are the factors expected to drive the Psychedelic Drugs market growth?
• What is the CAGR at which the Psychedelic Drugs market will grow during the forecast period?
• What are the different segments of the Psychedelic Drugs Market?
• Which is the fastest growing region in the Psychedelic Drugs market?
• What growth strategies are the players considering to increase their presence in Psychedelic Drugs ?
• What are the upcoming opportunities and trends for the Psychedelic Drugs Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Psychedelic Drugs Market?
• Who are the leading companies and what are their portfolios in Psychedelic Drugs Market?
• What segments are covered in the Psychedelic Drugs Market?
• Who are the key players in the Psychedelic Drugs market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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