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Jet Lag Therapy Market – Industry Size, Development Strategy, Historical Analysis, Competitive Landscape And Forecast to 2027

The research report recently published by Emergen Research, titled “Global Jet Lag Therapy Market 2027”, provides a 360-degree view of the global Jet Lag Therapy sector and analyzes a wide array of market parameters, including key growth drivers and opportunities, major constraints, leading regions, and the operating patterns of the top manufacturers and suppliers in the global market. The leading companies operating in the Jet Lag Therapy industry have been elaborately profiled in this report, which also brings to light the effective business expansion strategies adopted by these market competitors.

The incidence rate of jet-lag across the globe continues to be unknown, however it impacts a high proportion of around 31 million travelers who depart from the U.S. on a yearly basis for destinations that cross 5 or more number of zones. The effects of jetlag span over a 100 million people annually across the globe. The primary factors which are attributing to the growth of the jetlag therapy market are: growing elderly population, and rising incidence and prevalence rate of circadian rhythm related issues like tiredness, sleep disorders and winter blues. Moreover, high rate of awareness concerning advanced light therapy and treatment with minimum side-effects is anticipated to drive the growth of medical devices product like wearable light-weight medical care devices.

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Key Highlights From The Report.

  • In July 2019, Vanda Pharmaceuticals received the FDA approval as a part of its ongoing review of Vanda's supplemental New Drug Application (sNDA) for HETLIOZ® (tasimelteon). The drug was developed in order to treat Jet Lag Disorder especially for eastward trans-meridian travelers.
  • The medical devices segment, especially the wearable devices has been gaining traction over the years and is likely to grow at a CAGR of 3.9% over the forecast period. This can be attributed to the fact that wearable devices are versatile in nature (in terms of relevance and portability) and are majorly preferred by athletes. attributable to their advancements inside the essential style, thereby, giving a good vary of choices for numerous end-user teams. Furthermore, products like Neuroon, Re-Timer conjointly demonstrates a formidable growth and is expected to continue growing in the future, with growing awareness and emergence of jetlag therapy market across developed countries like US and Japan.
  • The cabin crew segment is poised to grow considerably at a CAGR of 4.3% throughout the forecasted period. The latest commercial aircrafts cross time zones at nearly the same rate as the earth rotates, and it is the result of these trans-meridian transitions that ultimately leads to the rapid time zone change syndrome also known as jet lag. Jet lag may often lead to short-term memory and poor decision-making; thereby affecting the overall functioning of the cabin crew, if neglected constantly. To cater to the problem, major airlines throughout the globe are trying to find viable solutions for jet lag, by exploring new forms of solutions for managing the passengers’ as well as their employees’ alertness levels.
  • Key participants include Ayo (Novalogy), Lumie, Lucimed S.A., The Litebook Company Ltd., Northern Light Technologies, Nature Bright, Re-Time Pty Ltd., and Chrono Eyewear BV. among others.

Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Jet Lag Therapy Market on the product, distribution channel, end user and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Prescription Drugs
    • Melatonin
    • Herbal and Natural Products
    • Medical Devices
    • Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
    • Over the Counter
    • Online
  • End User Outlook (Revenue, USD Billion; 2017-2027)
    • Business Travelers
    • Cabin Crew
    • Athletes
    • Seasonal Travelers
    • Others

Regional Analysis:

The global Jet Lag Therapy market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • South America (Brazil, Argentina, Ecuador, Chile)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Key highlights of the report:

  1. Report Coverage: In this section of the report, significant information about the leading manufacturers, market segments, estimated timeline, and the most reliable products offered in this industry has been entailed.
  2. Executive Summary:This section extensively assesses the competitive landscape, previous research studies, key market drivers, opportunities, restraints, challenges, trends, anticipated CAGR, and a study of micro- and macro-economic factors.
  3. Regional Analysis: The report offers vital information related to the production capacity, demand and supply ratios, import &export status, and key players of the regional segments of the global Jet Lag Therapy market.
  4. Company Profiles: The key market players have been profiled in the report based on their market value, volume, production capacity, product portfolios, and various other aspects.

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Jet Lag Therapy Market Segmentation & Impact Analysis

    4.1. Jet Lag Therapy Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Latest product launches ideally to curb insomnia
                    4.2.2.2. Exposure to cabin pressure and high altitudes associated with air travel
          4.2.3. Market restraints analysis
                    4.2.3.1. Consumer inclination towards non-pharmacological therapies over pharmacological therapies
                    4.2.3.2. Efficiency rate of available options is often questionable
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Jet Lag Therapy Market By Product Type Insights & Trends, Revenue (USD Million)
    5.1. Product Type Dynamics & Market Share, 2019 & 2027
          5.1.1. Prescription Drugs
          5.1.2. Melatonin
          5.1.3. Herbal and Natural Products
          5.1.4. Medical Devices
          5.1.5. Others

Continued…!

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