DBMR has recently updated the Middle East and Africa Psychedelic Drugs Market research report gives the knowledge of all the above factors with transparent, wide-ranging, and supreme quality market studies. The large scale business report endows with complete market analysis and forecasting, market definition, market drivers and market restraints, market share, market segmentation and analysis of key players in the market. Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this marketing document. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The credible A market report offers a wide-ranging statistical analysis of the market’s continuous positive developments, capacity, production, production value, cost/profit, supply/demand and import/export about industry.
Middle East and Africa Psychedelic Drugs Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.2% in the forecast period of 2022 to 2029 and is expected to reach USD 35.00 million by 2029 from USD 15.23 million in 2021. Rising prevalence of mental depression and anxiety and availability of off label drugs are the major drivers which propelled the demand of the market in the forecast period.
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TOP KEY PLAYERS of Middle East and Africa Psychedelic Drugs Market
The major companies providing psychedelic drugs are Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Hikma Pharmaceuticals PLC, Pfizer Inc., F. Hoffmann-La Roche Ltd, Jazz Pharmaceuticals, Inc. among others.
Middle East and Africa 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 (Saudi Arabia, Israel, Egypt, U.A.E, South Africa and Rest of Middle East and Africa). Market Trends and Forecast to 2029.
Market Scenario of Middle East and Africa Psychedelic Drugs Market
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. Both the types of psychedelic drugs can cause hallucinations and feeling of sensation, moreover, dissociative drugs can make a person to fell out of control from their body or environment and makes them feel disconnected. Based on the source, psychedelic drugs have been categorized under natural and synthetic types. These drugs have wide applications in the treatment of major depressive disorder, post-traumatic stress disorder, panic disorder, treatment-resistant depression and opiate addiction among others. Psychedelic drugs are also known by several other names such as LSD (lysergic acid derivative) which are also known as blotter, dots, sugar, acid, trips and window pane, ketamine are also known as vitamin K, bump, green, K/special K, purple and super acid, PCP are also known as angel/angel dust, boat/love boat, peace, killer weed, super grass and ozone.
The increasing prevalence of depression is expected to act as driver for the growth of the market. The high cost of treatment is expected to act as challenge for the growth of the market. The rising awareness towards mental health by various organizations is expected to act as opportunity for the growth of the market. However, the side effects associated may expected to challenge the market growth.
Middle East and Africa 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.
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This Market Research Report Highlights:
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
Scope of Report:
Middle East and Africa Psychedelic Drugs Market survey report has been generated with the systematic gathering and evaluation of market information for industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate an advanced and all-inclusive market report. This market analysis report gives an examination of various segments that are relied upon to witness the quickest growth amid the approximate forecast frame. The competitive landscape section of the XYZ business report brings into light a clear insight about the market share analysis of major industry players.
A portion of the central issues canvassed in the report are:
-Investigation of contenders
-Market Data Forecast
-Opportunity and Risks Assessment
-Market Dynamics and Trends
Middle East and Africa Psychedelic Drugs Market Scope and Market Size
Middle East and Africa psychedelic drugs market is segmented into seven notable segments which are by source, type, drugs, application, route of administration, end user, distribution channel.
On the basis of source, the psychedelic drugs market is segmented into synthetic and natural. In 2022, the synthetic segment is expected to dominate the Middle East and Africa psychedelic drugs market as most psychedelic drugs are made of synthetic sources.
On the basis of type, the psychedelic drugs market is segmented into empathogens, dissociatives, and others. In 2022, the empathogens segment is expected to dominate the Middle East and Africa psychedelic drugs market as it is 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 2022, the gamma-hydroxybutyric acid segment is expected to dominate the Middle East and Africa psychedelic drugs market as it is the most common compound of psychedelic
On the basis of application, the psychedelic drugs market is segmented into narcolepsy, treatment resistant depression major depressive disorder, opiate addiction, post-traumatic stress disorder and others. In 2022, the narcolepsy segment is expected to dominate the Middle East and Africa psychedelic drugs market as large number of population suffers from narcolepsy.
On the basis of route of administration, the psychedelic drugs market is segmented into oral, inhalation and injectable. In 2022, the oral segment is expected to dominate the Middle East and Africa psychedelic drugs market 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 2022, the hospitals segment is expected to dominate the Middle East and Africa psychedelic drugs market due to the high patient load in the hospitals.
On the basis of distribution channel, the psychedelic drugs market is segmented into hospitals pharmacy, retail pharmacy and online pharmacy. In 2022, the hospitals pharmacy segment is expected to dominate the Middle East & psychedelic drugs market as demand is high in hospitals.
Psychedelic Drugs Market Country Level Analysis
Psychedelic drugs market is analysed and market size information is on basis of seven notable segments which are by source, type, drugs, application, route of administration, end user, distribution channel.
The countries covered in the Psychedelic drugs market report are the Saudi Arabia, Israel, Egypt, U.A.E, South Africa and Rest of Middle East and Africa.
Middle East & Africa is expected to grow in the forecasted periods as in the Middle East & African countries, the demand for psychedelic drugs are increasing very rapidly due to rapidly increasing patient population suffering from mental disorder and advancements 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 Middle East and Africa 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 Manufactures is Creating New Opportunities for Players in the Psychedelic Drugs Market
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 2020.
Competitive Landscape and Psychedelic drugs Market Share Analysis
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.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the Psychedelic drugs market.
In September 2019, Jazz Pharmaceuticals, Inc. has published positive data from JZP-258’s Phase three study for the treatment of excessive daytime sleepiness (EDS) and cataplexy in adults with narcolepsy. The Phase 3 study data will help company to increase its market presence as the product is a unique formulation and has 92% less sodium as compared to Xyrem (sodium oxybate). This will help in increasing the product portfolio.
Collaboration, joint ventures and other strategies by the market player 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: Middle East and Africa Psychedelic Drugs Market
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