Today the whole world is in the midst of mental health crisis. It is owing to the elevation in the condition of depression, anxiety & others of all times. The current conventional therapies don't work well at all. Scientific evidence about psychedelic compounds demonstrates a promising future for curing several specific mental health conditions. Due to the strengthening of the medicinal use of these compounds, there is overfilling of the capital market with psychedelic stocks. Today's modern investors are exploring options for investing in these burgeoning shroom stocks due to the supporting scientific research in this field. Right now, due to advancements in technology, the healthcare industry is working to discover better mental healthcare solutions.
New drugs are capable of reaching to the group of patients with the mental health disorders of anxiety, depression, and others, that never had the opportunity to be able to get proper treatment before. Previously such compounds have been relegated towards underground communities as well as rave culture. There are drugs for example; ketamine, MDMA, and psilocybin that are now being researched for creating therapies to cure diseases ranging from PTSD (post-traumatic stress disorder) to even cluster headaches.
The psychedelic compounds are following in the cannabis industry's footsteps and are moving toward the process of legalization. These substances that went through the ban owing to the stringent regulations are now being researched as highly effective in curing mental health syndromes. Due to this, many companies in this particular sector are looking forward to go public. Today more favourable regulatory and social landscape has been assisting psychedelic startups in acquiring a strong foothold. However, they are still required to walk through a tightrope susceptible to market sentiment vagaries. Clinical research in the area of psychedelics could be effective in curing several mental health conditions. This includes cluster migraines, PTSD (Post Traumatic Stress Disorder), depression, and many others.
Due to all such advancements, investors are hopeful that the approval from the FDA (Food and Drug Administration) of these compounds can revolutionize the mental healthcare sector. Also, since many of the biotechnology companies are being publicly traded, investors are now hopeful of psychedelic stocks. Since this particular area is relatively new, thus, majority of the biotechnology companies comprise of low market capitalization. While anticipating the renaissance in psychedelic medicine, the biotechnology companies have already conducted IPOs (initial public offerings), where they are first issuing Psychedelic stocks for sale to the public and this transforms them into publicly traded companies. As of now, 50+ publicly traded organizations are involved in the development of psychedelic compounds in the US alone. A minimum of which three companies are valued at greater than $1 billion. Thus, the overall market for psychedelic compounds is projected to grow from $2 billion in the year 2020 to $10.75 billion by the end of the year 2027. This particular expected growth rate may even out space the cannabis market of the United States.