The psychedelic drugs may, thus serves as pioneer in multibillion dollar mental health care industry. Due to this fast paced and enhanced level of researches on these compounds, it is clearly evident that it holds promising future in curing several types of mental illnesses like depression, anxiety, addictions and also post traumatic stress.
Before discussing further benefits of Psychedelics in psychiatry disorders, it is important the meaning the term “psychedelic”.
Psychedelic drugs are also known as psychotomimetic drugs or hallucinogens.
These drugs may cause altered perception and thought, often accompanied by heightened awareness of sensory input but reduced control over what is being perceived.
Psychedelic drugs market are used to enhance or change sensory perceptions, energy levels, thought processes, and to facilitate spiritual experiences.
Psychedelic are sourced from synthetic process (human-made) and plants or mushrooms.
Psychedelic drugs has various street names such as LSD which are also known as acid, blotter, dots, sugar, 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.Psychedelic drugs market has increased with increased number of psychedelic drugs as compared to the past few years and increasing prevalence of depression and mental disorders in the U.S.Psychedelic drugs market is expected to gain market growth in the forecast period of 2020 to 2027.
Growing acceptance of psychedelic drugs for treating depression and increasing prevalence of depression and mental disorders are the factors for the market growth.To stay ahead of the competition, a thorough idea about the competitive landscape, their product range, their strategies, and future prospects are very valuable.
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