US Psychedelic Drug Market is expected at a growth rate of +16% by the end of 2028.
Psychedelic drug, also called psychotomimetic drug or hallucinogen, any of the so-called mind-expanding drugs that are able to induce states of altered perception and thought, frequently with heightened awareness of sensory input but with diminished control over what is being experienced. See also hallucinogen.
Psilocybin and psilocin are illegal to possess, obtain or produce without a prescription or license as they are schedule III under the Controlled Drugs and Substances Act. Online dispensaries exist that openly sell microdoses to Canadian patients with medical prescriptions.
During psychedelic therapy, the focus is on psilocybin and ayahuasca, as patients are provided with high doses of the drug. During the trials, one must analyze both Cognitive Behavioral Therapy (CBT) and/or Motivational Enhancement Therapy (MET).
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Top Key Players:
- Johnson & Johnson Services, Inc.
- Jazz Pharmaceuticals, Inc.
- Celon Pharma SA
- Develco pharma schweiz ag
- Doughlas pharmaceuticals limited
- NeuroRX, Inc.
- Hikma Pharmaceuticals PLC
- Amneal Pharmaceuticals, LLC.
- AVADEL PHARMACEUTICALS, PLC
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On the basis of type
- Serotonergic (classical psychedelic drugs).
On the basis of application
- treatment-resistant depression
- post-traumatic stress disorder (PTSD)
- major depressive disorder, others.
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