The report on Europe Psychedelic Drugs Market covers major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations scenario of the Europe Psychedelic Drugs market along with latest drivers and trends, and overall environment of the market. This business intelligence study also includes new growth avenues created during the outbreak of Covid-19 and its impact on the said market. The Europe Psychedelic Drugs market analysis report provides a broader view of the market that lets businesses benchmark other unfocused companies. The market research report helps to success that includes likes and dislikes of a specific market segment in a certain geographical area, their expectations, and readiness etc. Similarly, this market report is useful to learn more about the target market and understand the various factors involved in the buying decisions.
Psychedelic drugs market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.0% in the forecast period of 2020 to 2027 and expected to reach USD 361.13 million by 2027. Growing acceptance of psychedelic drugs for treating depression and increasing prevalence of depression and mental disorders are the factors accelerating the market growth.
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The major players who are leading the market throughout the globe are:
- Johnson & Johnson Services, Inc.
- Jazz Pharmaceuticals, Inc.
- Celon Pharma SA
- Develco pharma schweiz ag
The report also includes the impact of ongoing crisis i.e. COVID-19 on the Europe Psychedelic Drugs Market and what the future holds for it. It provides an analysis of the effects of the pandemic on theeconomy. The outbreak has directly disturbed the demand and supply chain.Europe Psychedelic Drugs market analysis report provides the best market study of market growth and its fluctuating trends with high accuracy and reliability. Crucial and important market data is collected with in-depth study and actionable insights to generate this market report.. DBMR has gathered insights from several delegates of the industry and got involved in the primary and secondary research to provide the clients with data and strategies to combat the market challenges during and after COVID-19 pandemic.
Europe Psychedelic Drugs market analysis report provides the best market study of market growth and its fluctuating trends with high accuracy and reliability. Crucial and important market data is collected with in-depth study and actionable insights to generate this market report. In today’s fast-paced business environment, companies have to identify and grab new opportunities as they arise, while staying away from threats and adapt quickly. This market report contains precise introduction that provides background information, target audience, and objectives. It also has qualitative research describing the participants in the research and why they are relevant for the business.
Europe Psychedelic Drugs Market Segmentation:
By Source (Synthetic, Natural), Type (Dissociatives, Empathogens, Serotonergic (Classical Psychedelic Drugs)), Application (Narcolepsy, Treatment-Resistant Depression, Post-Traumatic Stress Disorder (PTSD), Major Depressive Disorder, Others)
MAJOR TOC OF THE REPORT:-
- Europe Psychedelic Drugs Market Overview
- Europe Psychedelic Drugs Market Competition, by Players
- Europe Psychedelic Drugs Market Segment by Type
- Europe Psychedelic Drugs Market Segment by Distribution Channel
- Europe Psychedelic Drugs Market Size Forecast (2020 -2027)
- Europe Psychedelic Drugs Market Size by Regions
- North America Europe Psychedelic Drugs Revenue by Countries
- Middle East and Africa Revenue Europe Psychedelic Drugs by Countries
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Competitive Landscape and Europe Psychedelic Drugs Market Share Analysis
Psychedelic drugs market is analysed and market size information is provided by country, source, type, application, route of administration, drugs, end user and distribution channel as referenced above.
According to WHO data, 25% of the population suffers from depression or anxiety every year. The burden of the disease is 19.5% in the European region and 26% in the European Union (EU) countries. Germany dominates the European market due to the increase in technologically advanced health systems and the growing cases of depression in the country. The growing number of depressing patients and increasing awareness conducted by the government authorities are boosting the market growth in Italy. Psychedelic drugs are highly consumed for the treatment of narcolepsy and in UK it is expected that 30,000 people are suffering from narcolepsy, due to this reason UK is growing in the Europe psychedelic drugs market.
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 global 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.
- In December 2019, the company received approval for the marketing of SPRAVATO across Europe. This drug is used in combination with SSRIs and SNRIs to treat resistant depression. Marketing SPRAVATO as a nasal spray will increase the company’s revenue generation.
- In January 2020, Jazz Pharmaceuticals, Inc. received marketing authorization for solriamfetol (Sunosi) for excessive daytime sleepiness in adults with narcolepsy. The main advantage is the increase in the company’s revenue generation.
Significant Highlights of the Report:
- A detailed look at the Industry
- Changing business trends in the Europe Psychedelic Drugs Market
- A concurrent evaluation of multiple parameters is necessary in diagnosing the occurrence of Europe Psychedelic Drugs Market.
- Detailed market bifurcation analysis at different level such as type, application, end-user, regions/countries
- Historical and forecast size of the market in terms of revenue (USD Million)
- It helps in understanding the key product segments and their future
- Competitive landscape and player positioning analysis for the market
Europe Psychedelic Drugs Market Scope and Market Size
Psychedelic drugs market is segmented on the basis of source, type, application, route of administration, drugs, 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 market is segmented into synthetic and natural. Synthetic psychedelic drugs dominate in the psychedelic drugs market since all available drugs are originated from synthetic source.
- On the basis of type, the market is segmented into dissociatives, empathogens, and serotonergic (classical psychedelic drugs).
- On the basis of application, the market is segmented into narcolepsy, treatment-resistant depression, post-traumatic stress disorder (PTSD), major depressive disorder, others.
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Europe Psychedelic Drugs Market Country Level Analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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