Pro
Healthcare & Pharma
Africa Corporate Wellness Market, by End User, 2018-2027
| Label | USD Million |
|---|---|
| 2018 | 1427.04569002283 USD Million |
| 2019 | 1444.12183389461 USD Million |
| 2020 | 1461.39439012462 USD Million |
| 2021 | 1477.35797393643 USD Million |
| 2022 | 1499.60235089998 USD Million |
| 2023 | 1691.87544038603 USD Million |
| 2024 | 1907.40410669091 USD Million |
| 2025 | 2149.75675310881 USD Million |
| 2026 | 2424.45608919528 USD Million |
| 2027 | 2733.13064207604 USD Million |
| 2028 | 3079.6536388402 USD Million |
| 2029 | 3473.36091696617 USD Million |
| 2030 | 3915.32362419488 USD Million |
| 2031 | 4413.00302489537 USD Million |
| 2032 | 4971.0111608664 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Canada is emerging as a leader in the development and implementation of clinical research on psychedelic drugs, including psilocybin, ketamine, and MDMA. The number of Canadian clinical centers studying psychedelic drugs for mental health has nearly doubled over the past 10 years and more than fifty researchers have been forcibly recruited in the field of psychedelic-assisted therapy in the past two years. In 2018, Canada became the first nation in the world to decriminalize psychedelic mushrooms, allowing for personal possession of up to 30g in the capital city of Vancouver. This move had a domino effect on the state of psychedelic drug use country-wide, as organizations and users across the country have expressed enthusiasm, earnestly looking to capitalize on what they see as an important policy shift. The health benefits ascribed to psychedelic drugs are currently being challenged by Canadian authorities. In 2019, Health Canada's Novel Products Division announced the approval of the country's first clinical trial for the medical use of psychedelic mushrooms, to ‘examine the safety, tolerability, and efficacy of psilocybin in improving the quality of life of individuals suffering from mental illness’.
This novel development has prompted the discussion of the drug's potential to be used in clinical settings. Moreover, public opinion towards the development and use of psychedelic drugs has been largely positive, with researchers pushing to decriminalize psychedelic substances for mental health use in studies. This is largely driven by an influx of social media content discussing the potential of psychedelics to improve mental health; recent surveys have found that1/3 of Canadians have a favourable view toward psychedelics for mental health treatments. The growing acceptance of psychedelic drugs in Canada has created an environment ripe for market growth. An increasing number of companies and entrepreneurs are actively looking for ways to capitalize on Canada's newfound policies. For example, Journe Foods, a Canadian edibles retailer, recently released a series of eight psychedelic mushroom-infused beverages. As more information is gathered, it is likely that the demand for psychedelic drugs in Canada will continue to accelerate over the course of the next decade. We can expect to see new policies governing clinical research, as well as novel methods of marketing and selling psychedelic products.
With so much room for further exploration, it is clear that Canada is primed to be a pivotal player in the future of psychedelic drug use.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.