Us Psychedelic Drugs Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 2,834.72 Million |
 Market Size (Forecast Year) |
USD 9,818.68 Million |
 CAGR |
% |
| Major Markets Players |
U.S. 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) – Industry Trends and Forecast to 2029.
Market Analysis and Size
In recent years, the psychedelic drugs market is anticipated to grow rapidly during the forecast period. People are becoming more aware of mental health issues around the world. Mental health illnesses affect 13% of the world's population, according to a research published by the World Health Organization (WHO) in 2021. As per the report, one out of every five years is spent disabled due to mental health issues. People have sought treatment because of their severe conditions. Furthermore, some groups have initiated public awareness campaigns to promote the use of psychedelic medicines to treat mental illnesses.
Data Bridge Market Research analyses that the psychedelic drugs market was valued at USD 2834.72 million in 2021 and is expected to reach USD 9818.68 million by 2029, registering a CAGR of 16.8% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Psychedelic drugs are used to enhance or change sensory perceptions, cognitive processes, energy levels and spiritual experiences. The three forms of psychedelic drugs are empathogens, dissociative drugs, and serotonergic drugs. These drugs are used to treat major depressive disorder, treatment-resistant depression, panic disorder, post-traumatic stress disorder, and opiate addiction, among other conditions.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
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) |
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Market Players Covered |
Avadel (Ireland), Celon Pharma S.A. (Poland), Johnson & Johnson Private Limited (US), Hikma Pharmaceuticals PLC (UK), Amneal Pharmaceuticals LLC. (US), NeuroRx, Inc. (US), Jazz Pharmaceuticals, Inc. (Ireland), COMPASS (UK), Develco Pharma Schweiz AG (Switzerland), Douglas Pharmaceuticals Limited (New Zealand) |
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Market Opportunities |
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U.S. Psychedelic Drugs Market Dynamics
Drivers
- Increasing prevalence of depression and mental disorders
Increased use of illicit substances has increased depression and mental problems. As a result of the rising prevalence of depression and mental diseases, demand for psychedelic substances is predicted to rise, propelling the industry forward.
- Rising awareness towards mental health
Psychedelic substances have become more well-known due to advertisements, public awareness initiatives, and other means. People have been encouraged to choose the proper treatment for mental disorders processes and specialists due to the awareness campaigns, which have increased demand for psychedelic medications. As a result, increased mental health awareness is likely to be a key driver of market expansion.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of psychedelic drugs market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, the decentralization of pharmacies will expand the psychedelic drugs market. Additionally, high disposable income and increasing acceptance of psychedelic drugs for the treatment of depression will expand the psychedelic drugs market. Along with this, rising geriatric population and introduction of novel psychedelic drugs will enhance the growth rate of the market.
Opportunities
- Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the psychedelic drugs market growth. Along with this, surge in drug approvals and new product launches will further propel the 'market's growth rate.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the psychedelic drugs market growth during the forecast period.
Restraints/Challenges
On the other hand, the delay in the drug approval process and poor order communication between physicians and pharmacists will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the psychedelic drugs market. Additionally, strict regulatory policies and surging side effects of psychedelic drugs will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This psychedelic drugs market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the psychedelic drugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Patient Epidemiology Analysis
Psychedelic drugs market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analyses of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
COVID-19 Impact on U.S. Psychedelic Drugs Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country, prompting the World Health Organization (WHO) to declare it a public health emergency.
The market is growing due to increased demand for psychedelic drugs during the COVID-19 outbreak. COVID-19 infection rates were expanding over the world. People all throughout the world faced great trauma and stress as a result of the sudden imposition of the lockdown by governments across the globe.
Recent Development
- In January 2020, Janssen Pharmaceuticals, Inc,. submitted a Type II Varian Application for SPRAVATO nasal spray to the European Medicines Agency. The proposal requests that nasal spray be used more widely as an acute, short-term therapy for depression symptoms. This would assist the business in generating revenue.
U.S. Psychedelic Drugs Market Scope
The psychedelic drugs market is segmented on the basis source, type, drugs, application, route of administration, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Competitive Landscape and U.S. 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, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to psychedelic drugs market.
Some of the major players operating in the U.S. psychedelic drugs market are:
- Avadel (Ireland)
- Celon Pharma S.A. (Poland)
- Johnson & Johnson Private Limited (US)
- Hikma Pharmaceuticals PLC (UK)
- Amneal Pharmaceuticals LLC. (US)
- NeuroRx, Inc. (US)
- Jazz Pharmaceuticals, Inc. (Ireland)
- COMPASS (UK)
- Develco Pharma Schweiz AG (Switzerland)
- Douglas Pharmaceuticals Limited (New Zealand)
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF U.S. PSYCHEDELIC DRUGS MARKET
1.4 LIMITATION
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 GEOGRAPHICAL SCOPE
2.2 YEARS CONSIDERED FOR THE STUDY
2.3 CURRENCY AND PRICING
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 MULTIVARIATE MODELLING
2.6 PRODUCTS LIFELINE CURVE
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.8 VENDOR SHARE ANALYSIS
2.9 SECONDARY SOURCES
2.1 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PRACTICING PSYCHIATRISTS
4.2 PIPELINE PRODUCTS
5 EPIDEMIOLOGY
6 MARKET OVERVIEW
6.1 DRIVERS
6.1.1 GROWING ACCEPTANCE OF PSYCHEDELIC DRUGS FOR TREATING DEPRESSION
6.1.2 INCREASING PREVALENCE OF DEPRESSION AND MENTAL DISORDERS
6.1.3 RISING AWARENESS TOWARDS MENTAL HEALTH
6.2 RESTRAINTS
6.2.1 STRINGENT REGULATIONS FOR PSYCHEDELIC DRUGS
6.2.2 HIGH COST OF PSYCHEDELIC DRUG
6.3 OPPORTUNITIES
6.3.1 INCREASING R&D ACTIVITIES IN PSYCHEDELIC DRUGS
6.3.2 BREAKTHROUGH THERAPY DESIGNATION BY REGULATORY AUTHORITY
6.4 CHALLENGE
6.4.1 SIDE EFFECTS ASSOCIATED WITH PSYCHEDELIC DRUGS
7 U.S. PSYCHEDELIC DRUGS MARKET, BY SOURCE
7.1 OVERVIEW
7.2 SYNTHETIC
7.3 NATURAL
8 U.S. PSYCHEDELIC DRUGS MARKET, BY TYPE
8.1 OVERVIEW
8.2 DISSOCIATIVE
8.3 EMPATHOGENS
8.4 SEROTONERGIC (CLASSICAL PSYCHEDELIC DRUGS)
9 U.S. PSYCHEDELIC DRUGS MARKET, BY APPLICATION
9.1 OVERVIEW
9.2 NARCOLEPSY
9.3 TREATMENT- RESISTANT DEPRESSION (TRD)
9.4 POST-TRAUMATIC STRESS DISORDER (PTSD)
9.5 MAJOR DEPRESSIVE DISORDER
9.6 OTHERS
10 U.S. PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION
10.1 OVERVIEW
10.2 ORAL
10.3 INTRANASAL
10.4 PARENTERAL
10.5 OTHERS
11 U.S. PSYCHEDELIC DRUGS MARKET, BY DRUGS
11.1 OVERVIEW
11.2 GAMMA-HYDROXYBUTYRIC ACID (GHB)
11.3 KETAMINE
11.4 3,4-METHYLENEDIOXYMETHAMPHETAMINE (ECSTASY)
11.5 PSILOCYBIN
12 U.S. PSYCHEDELIC DRUGS MARKET, BY END USER
12.1 OVERVIEW
12.2 HOSPITAL
12.3 SPECIALTY CLINICS
12.4 RESEARCH ORGANISATION
12.5 OTHERS
13 U.S. PSYCHEDELIC DRUGS MARKET, BY DISTRIBUTION CHANNEL
13.1 OVERVIEW
13.2 HOSPITAL PHARMACY
13.3 COMPOUNDING PHARMACY
13.4 OTHERS
14 U.S. PSYCHEDELIC DRUGS MARKET, COMPANY LANDSCAPE
15 COMPANY PROFILE
15.1 JAZZ PHARMACEUTICALS, INC.
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 PRODUCT PORTFOLIO
15.1.4 PIPELINE PORTFOLIO
15.1.5 RECENT DEVELOPMENTS
15.2 JOHNSON & JOHNSON SERVICES, INC.
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 PRODUCT PORTFOLIO
15.2.4 RECENT DEVELOPMENTS
16 POTENTIAL PLAYERS PROFILE
16.1 AVADEL PHARMACEUTICALS, PLC.
16.1.1 COMPANY SNAPSHOT
16.1.2 REVENUE ANALYSIS
16.1.3 PIPELINE PORTFOLIO
16.1.4 RECENT DEVELOPMENT
16.2 AMNEAL PHARMACEUTICALS LLC.
16.2.1 COMPANY SNAPSHOT
16.2.2 REVENUE ANALYSIS
16.2.3 PIPELINE PORTFOLIO
16.2.4 RECENT DEVELOPMENT
16.3 CELON PHARMA SA
16.3.1 COMPANY SNAPSHOT
16.3.2 PIPELINE PORTFOLIO
16.3.3 RECENT DEVELOPMENT
16.4 COMPASS
16.4.1 COMPANY SNAPSHOT
16.4.2 PIPELINE PORTFOLIO
16.4.3 RECENT DEVELOPMENTS
16.5 DEVELCO PHARMA SCHWEIZ AG
16.5.1 COMPANY SNAPSHOT
16.5.2 PIPELINE PORTFOLIO
16.5.3 RECENT DEVELOPMENT
16.6 DOUGHLAS PHARMACEUTICALS LIMITED
16.6.1 COMPANY SNAPSHOT
16.6.2 PRODUCT PORTFOLIO
16.6.3 RECENT DEVELOPMENT
16.7 HIKMA PHARMACEUTICALS PLC
16.7.1 COMPANY SNAPSHOT
16.7.2 REVENUE ANALYSIS
16.7.3 PRODUCT PORTFOLIO
16.7.4 RECENT DEVELOPMENTS
16.8 NEURORX, INC.
16.8.1 COMPANY SNAPSHOT
16.8.2 PRODUCT PORTFOLIO
16.8.3 RECENT DEVELOPMENTS
16.9 USONAINSTITUTE.ORG
16.9.1 INSTITUTE SNAPSHOT
16.9.2 PIPELINE PORTFOLIO
16.9.3 RECENT DEVELOPMENTS
17 QUESTIONNAIRE
18 RELATED REPORT
List of Table
TABLE 1 MENTAL ILLNESS IN U.S. ADULTS IN 2018
TABLE 2 MENTAL DISORDERS IN THE U.S. ADULTS IN 2018
TABLE 3 MENTAL DISORDERS CAUSED BY USAGE OF SUBSTANCE DISORDERS IN WORLD IN 2017
TABLE 4 DRUG DEVELOPMENT PATHWAY FOR FDA APPROVAL OF NEW MEDICATIONS
TABLE 5 COST OF PSYCHEDELIC DRUGS
TABLE 6 PSYCHEDELIC DRUGS R&D ACTIVITIES
TABLE 7 U.S. PSYCHEDELIC DRUGS MARKET, BY SOURCE, 2018-2027 (USD MILLION)
TABLE 8 U.S. PSYCHEDELIC DRUGS MARKET, BY TYPE, 2018-2027 (USD MILLION)
TABLE 9 U.S. PSYCHEDELIC DRUGS MARKET, BY APPLICATION, 2018-2027 (USD MILLION)
TABLE 10 U.S. PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION, 2018-2027 (USD MILLION)
TABLE 11 U.S. PSYCHEDELIC DRUGS MARKET, BY DRUGS, 2018-2027 (USD MILLION)
TABLE 12 U.S. PSYCHEDELIC DRUGS MARKET, BY END USER, 2018-2027 (USD MILLION)
TABLE 13 U.S. PSYCHEDELIC DRUGS MARKET, BY END USER, 2018-2027 (VOLUME IN 100ML)
TABLE 14 U.S. PSYCHEDELIC DRUGS MARKET, BY DISTRIBUTION CHANNEL, 2018-2027 (USD MILLION)
List of Figure
FIGURE 1 U.S. PSYCHEDELIC DRUGS MARKET: SEGMENTATION
FIGURE 2 U.S. PSYCHEDELIC DRUGS MARKET: DATA TRIANGULATION
FIGURE 3 U.S. PSYCHEDELIC DRUGS MARKET: DROC ANALYSIS
FIGURE 4 U.S. PSYCHEDELIC DRUGS MARKET : COUNTRY VS REGIONAL MARKET ANALYSIS
FIGURE 5 U.S. PSYCHEDELIC DRUGS MARKET : COMPANY RESEARCH ANALYSIS
FIGURE 6 U.S. PSYCHEDELIC DRUGS MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 U.S. PSYCHEDELIC DRUGS MARKET: VENDOR SHARE ANALYSIS
FIGURE 8 U.S. PSYCHEDELIC DRUGS MARKET: SEGMENTATION
FIGURE 9 GROWING ACCEPTANCE OF PSYCHEDELIC DRUGS FOR TREATING DEPRESSION AND INCREASING PREVALENCE OF DEPRESSION AND MENTAL DISORDERS ARE DRIVING THE U.S. PSYCHEDELIC DRUGS MARKET IN THE FORECAST PERIOD OF 2020 TO 2027
FIGURE 10 SYNTHETIC IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. PSYCHEDELIC DRUGS MARKET IN 2020 & 2027
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGE OF U.S. PSYCHEDELIC DRUGS MARKET
FIGURE 12 MENTAL ILLNESS AMONG THE U.S. ADULTS IN 2018, BY DEMOGRAPHIC GROUP
FIGURE 13 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS IN 2018, BY DEMOGRAPHIC GROUP:
FIGURE 14 MENTAL ILLNESS TREATMENT RATES AMONG THE U.S. ADULTS IN 2018, BY GENDER :
FIGURE 15 PREVALENCE OF DEPRESSIVE DISORDERS IN 2017
FIGURE 16 PREVALENCE OF ANXIETY DISORDERS IN 2017
FIGURE 17 PREVALENCE OF BIPOLAR DISORDER IN 2017
FIGURE 18 THE RIPPLE EFFECT OF MENTAL ILLNESS
FIGURE 19 MENTAL AND SUBSTANCE USE DISORDERS GLOBALLY IN 2017
FIGURE 20 PREVALENCE OF MENTAL HEALTH DISORDERS BY DISORDER TYPE IN WORLD IN 2017
FIGURE 21 MAGIC MUSHROOMS PRICES FOR RESEARCHERS IN THE U.S.
FIGURE 22 U.S. PSYCHEDELIC DRUGS MARKET: BY SOURCE, 2019
FIGURE 23 U.S. PSYCHEDELIC DRUGS MARKET: BY SOURCE, 2019-2027 (USD MILLION)
FIGURE 24 U.S. PSYCHEDELIC DRUGS MARKET: BY SOURCE, CAGR (2020-2027)
FIGURE 25 U.S. PSYCHEDELIC DRUGS MARKET: BY SOURCE, LIFELINE CURVE
FIGURE 26 U.S. PSYCHEDELIC DRUGS MARKET: BY TYPE, 2019
FIGURE 27 U.S. PSYCHEDELIC DRUGS MARKET: BY TYPE, 2019-2027 (USD MILLION)
FIGURE 28 U.S. PSYCHEDELIC DRUGS MARKET: BY TYPE, CAGR (2020-2027)
FIGURE 29 U.S. PSYCHEDELIC DRUGS MARKET: BY TYPE, LIFELINE CURVE
FIGURE 30 U.S. PSYCHEDELIC DRUGS MARKET: BY APPLICATION, 2019
FIGURE 31 U.S. PSYCHEDELIC DRUGS MARKET: BY APPLICATION, 2019-2027 (USD MILLION)
FIGURE 32 U.S. PSYCHEDELIC DRUGS MARKET: BY APPLICATION, CAGR (2020-2027)
FIGURE 33 U.S. PSYCHEDELIC DRUGS MARKET: BY APPLICATION, LIFELINE CURVE
FIGURE 34 U.S. PSYCHEDELIC DRUGS MARKET: BY ROUTE OF ADMINISTRATION, 2019
FIGURE 35 U.S. PSYCHEDELIC DRUGS MARKET: BY ROUTE OF ADMINISTRATION, 2019-2027 (USD MILLION)
FIGURE 36 U.S. PSYCHEDELIC DRUGS MARKET: BY ROUTE OF ADMINISTRATION, CAGR (2020-2027)
FIGURE 37 U.S. PSYCHEDELIC DRUGS MARKET: BY ROUTE OF ADMINISTRATION, LIFELINE CURVE
FIGURE 38 U.S. PSYCHEDELIC DRUGS MARKET: BY DRUGS, 2019
FIGURE 39 U.S. PSYCHEDELIC DRUGS MARKET : BY DRUGS, 2019-2027 (USD MILLION)
FIGURE 40 U.S. PSYCHEDELIC DRUGS MARKET: BY DRUGS, CAGR (2020-2027)
FIGURE 41 U.S. PSYCHEDELIC DRUGS MARKET: BY DRUGS, LIFELINE CURVE
FIGURE 42 U.S. PSYCHEDELIC DRUGS MARKET: BY END USER, 2019
FIGURE 43 U.S. PSYCHEDELIC DRUGS MARKET, BY END USER, 2019-2027 (USD MILLION)
FIGURE 44 U.S. PSYCHEDELIC DRUGS MARKET: BY END USER, CAGR (2020-2027)
FIGURE 45 U.S. PSYCHEDELIC DRUGS MARKET: BY END USER, LIFELINE CURVE
FIGURE 46 U.S. PSYCHEDELIC DRUGS MARKET: BY DISTRIBUTION CHANNEL, 2019
FIGURE 47 U.S. PSYCHEDELIC DRUGS MARKET: BY DISTRIBUTION CHANNEL, 2019-2027 (USD MILLION)
FIGURE 48 U.S. PSYCHEDELIC DRUGS MARKET: BY DISTRIBUTION CHANNEL, CAGR (2020-2027)
FIGURE 49 U.S. PSYCHEDELIC DRUGS MARKET: BY DISTRIBUTION CHANNEL, LIFELINE CURVE
FIGURE 50 U.S. PSYCHEDELIC DRUGS MARKET: COMPANY SHARE 2019 (%)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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