Member-only story
RIDING THE WAVE
Today’s Best Startup Opportunities in Booming Niches
Getting in early on breakout industry trends poised for massive growth stacks the odds in your favor right out of the gates.
We looked at a few hundred business niches and isolated some of the most promising micro-verticals showing all the indicators of potential hyperscale success. Here are some of the most explosive spaces begging for entrepreneurial disruption:
Microtrend #1: Psychedelic Medicine
Once banned as dangerous Schedule 1 substances, psychedelic compounds like psilocybin, MDMA and ketamine are undergoing a research renaissance for mental health therapy.
Clinical trials show remarkable efficacy in helping patients overcome PTSD, addictions, depression, and end-of-life distress when administered in therapeutic contexts.
In 2018, John Hopkins opened the first-ever Center for Psychedelic Research. Early results were so promising that Compass Pathways and UK-based Small Pharma recently became the first psychedelic biotech firms to IPO.
Bloomberg analysts now predict an $8 billion psychedelic drug market by 2027.
Some promising plays for small business owners:
