Every once in a while, there’s news that breaks our entrenched view of what is possible. Recently, biotechnology company Bright Minds Bio announced that they are investing in psychedelic drugs to bring about positive effects in people with psychiatric disorders. As per the experts, this drug offers hope not only to those suffering from depression and anxiety but also to all those who want an enhanced experience.
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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