07/11/2025
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Psychedelics for Chronic Pain: A New Threat to Big Pharmaâs Opioid Revenues
đĄRecent insights from Psychology Today highlight a growing body of evidence that psychedelicsâsuch as psilocybin, L*D, ketamine, and ayahuascaâmay reduce chronic pain and curb opioid dependency by reframing how the brain processes pain and emotional distress
While still in early clinical and observational phases, the implications are profound. As these non-pharmacological treatments gain regulatory approval, they may erode a slice of the opioid market, which currently underpins much of psychiatric and pain management pharmaceutical revenue.
Why it matters to investors and industry leaders:
The global pharmaceutical industry generated approximately $1.59 trillion in 2024 BioSpace. The U.S. market alone brought in about $639 billion in 2024, with a projected rise to over $1 trillion by 2033.
A growing preference for psychedelic-based pain therapies could reduce demand for opioid analgesics, threatening a crucial revenue stream currently supported by billions in annual sales.
The potential shift from traditionally prescribed opioids to approved psychedelic therapies may represent the next major disruption in the pain management space.
Read more: https://www.psychologytoday.com/us/blog/some-assembly-required/202504/psychedelics-may-reduce-chronic-pain-and-related-opioid-use
Recent research indicates that the use of psychedelics has the potential to significantly reduce the experience of chronic pain, as well as associated substance use.