The global psychedelic drugs market is expected to exhibit strong growth, reaching USD 763.3 million by 2030. As per the report titled "Psychedelic Drugs Market Size, Share & Recession Impact Analysis, By Source (Synthetic and Natural), By Type (Empathogens, Dissociatives and Others), By Drugs (Gamma-Hydroxybutyric Acid, Ketamine, Psilocybin and Others), By Application (Narcolepsy, Treatment Resistant Depression, Major Depressive Disorder, Opiate Addiction, Post-Traumatic Stress Disorder and Others), By Route of Administration (Oral, Inhalation and Injectable), By End User (Hospital, Speciality Clinics, Homecare and Others), By Distribution Channel (Hospitals Pharmacy, Retail Pharmacy and Online Pharmacy), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at US