Legal drugs are more often used for recreational purpose, but there are plenty of drugs that are illegal, and are considered as recreational drugs. The global prevalence of using recreational drugs is significantly high, people from different age groups are consuming or have consumed recreational drugs at some of time. The market for such involves four major categories, analgesics, depressants, stimulants, and hallucinogens. Pharmaceutical drug to be consumed for recreational purpose is clearly misunderstood, people use these drugs for its psychoactive nature, as it alters the state of consciousness by influencing different behavioral changes. The consumption pattern for recreational drugs comes from the misuse or illegal supply of the same. The range of products present in recreational drugs can go from opioids to general anesthetics.
The use of recreational drugs is still a challenge to the society in many different ways. The misuse of such potent pharmaceutical drugs can lead to chronic health problems. The transformation of licit pharmaceutical drugs to illegal use comes with a categorical difference, the major outbreak was reported in the US in 2007. There are strict regulations present for the sales and consumption of recreational drugs. Each pharmaceutical drug used for a recreational purpose cannot be tracked, often the outcome gives an understanding of the usage. The death count from using recreational drugs is more than any other current thing available. Global healthcare and general bodies initiate different level of scrutiny for the sales of such products that can be used as recreational drugs. Healthcare bodies are recommending recreational drugs to have an abuse-deterrent formulation to end the crisis. Illicit market for such sales is also responsible for a considerable market expansion. Illegal channels to distribute recreational drugs are subjected to be responsible
The global market for Recreational drugs is segmented on the basis of drug type, distribution channel and geography:
Recreational drugs market segment by drug type
Recreational drugs market segment by distribution channel
The global recreational drugs market is segmented by drug type, distribution channel and geography. Based on drug type, the global recreational drugs market is segmented into analgesics, depressants, stimulants and hallucinogens. These are the major drug types, each can include range of controlled substances. As in, hallucinogens which include marijuana which is legal in some parts of the world, and also LSD which is not legal for consumption. Each drug type include many different products recommended for different healthcare indications but are used as recreational drugs for psychoactive purpose. By distribution channel, the recreational drugs market is segmented into legal route and illegal route, where legal route is sub-segmented into hospital pharmacy, retail pharmacy and mail order pharmacy
On the basis of geography, global Recreational drugs market is segmented into seven significant regions viz. North America, Latin America, South Asia, Europe, East Asia, Middle East & Africa, and Oceania. North America is the biggest market in terms of revenue for recreational drugs, the scenario is such that in 2007 the federal government reportedly addressed it as a country level problem. They addressed all type of nonmedical pharmaceutical use as abuse. The US recently faced their biggest opioid crisis which accounted for a considerable number of deaths. They are making way for less harmful products like marijuana legal to end the use of opioid, heroin and more, the legal use of recreational marijuana is present is some part of US and Canada. Recreational drugs are also available around the globe, the abuse for such differs by region. Some prominent countries in Europe have approved the use of recreational marijuana. The consumption of other recreational drugs present in the scope is also present in the region. Developing countries like India and China are prominent emerging countries in relation to the market as reported cases of recreational drugs use is increasing there.
The market for Recreational drugs consists of players involved in different industries but also operating for this concerned Recreational drugs market. Some of the players include Mallinckrodt Pharmaceuticals, Sun Pharmaceutical Industries Ltd, Canopy Growth Corp., Cronos Group.
The report covers exhaustive analysis on:
Regional analysis includes