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Key Market Insights
§ Nearly 70 playersfrom across the world presently claim to be engaged in the development andevaluation of therapeutic candidates based on a number of psychedeliccompounds, such as ketamine and psilocybin
§ The pipeline featuresproduct candidates based on a variety of psychedelic drug classes, which arebeing investigated for a wide range of target disease indications, and havingdifferent routes of administration
§ From a globalperspective, this industry is anticipated to evolve significantly over the nextfew years as federal / regional regulators in different nations are graduallyconvinced of the clinical significance of this product class
§ Severalorganizations, having realized the untapped opportunity within this emergingsegment of psychedelic therapeutics, have awarded grants of over USD 275million across 500+ instances between 2015-2020
§ Several trials evaluating various psychedelic compounds against a widerange of therapeutic indication have been registered in the recent past
§ The growing interestis also reflected in the partnership activity since 2017; a number of differenttypes of deals involving various drug classes have been established acrossmultiple geographies
§ Presently, NorthAmerican companies are actively consolidating their indigenous presence throughstrategic acquisitions; key value drivers behind such deals include bothportfolio and geographical expansion
§ A number of eminentscientists from renowned universities have emerged as key opinion leaders inthis domain, owing to their active involvement in clinical development effortsrelated to interventions based on psychedelics
§ Future market size,based on revenue reported from the sales of marketed and late stagepsychedelic-based therapies, isanticipated to be distributed across different therapeutic areas and keygeographical regions
For more information,please visit https://www.rootsanalysis.com/reports/global-psychedelic-therapeutics-market.html
Contact Details
Gaurav Chaudhary
+1 (415) 800 3415
