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Jet Lag Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Jet lag is a group of various symptoms shown by physiologic alterations that occur when the body is shifted into a new time zone. Travel tiredness and exhaustion is a more complex addition of various physiologic, psychological, and environmental factors that arise during an individual trip, collecting over the course of a season. Jet lag has been observed in pilots, air travelers, cabin crew members, physicians, and athletes. The effect of travel between various continents and extensive travel by passengers can result in physiologic upset and a complicated set of mental and physical symptoms. Currently, there is a culture of disregard and lack of knowledge regarding the negative effects of jet lag on the performance and well-being of a person. In addition, the key physiologic metric that guides jet lag treatment is difficult, and thus make limitations to therapeutics available today. Jet lag is a common problem for many air travelers. Currently, there is no standard definition of this disorder, but most studies include symptoms of weakness, fatigue, decreased daytime alertness, difficulty concentrating, memory problems, daytime sleepiness, and lack of energy after a long flight. Jet lag disorder is generally temporary and usually does not need medication and treatment. Within few days the condition often improves although sometimes symptoms last longer. However, if an air traveler is continuously bothered by jet lag, medications or light therapy to improve jet lag may be prescribed by a doctor.

The global jet lag therapy market has been segmented based on product type, end-user, and region. In terms of product type, the market has been categorized into prescription medication, jet lag wearable devices and light box, and melatonin and herbal medication. The melatonin and herbal medication segment holds the largest share of the jet lag therapy market due to increasing incidence of jet lag globally. Based on end-user, the market has been classified into athletics, journalists & bloggers, business executives, pilot & cabin crew, and other travelers. The business executives segment held the largest share of the market due to excessive traveling of business persons from one region to another on business.

Geographically, the jet lag therapy market has been segmented into five major regions: North America (U.S. and Canada), Europe (Germany, France, U.K., etc.), Asia Pacific (Australia, China, Japan, India, etc.), Latin America (Brazil, Mexico, etc.), and Middle East &Africa (GCC Countries, South Africa, etc.). North America is the leading market for jet lag therapy in terms of revenue, followed by Europe. The U.S. holds the largest share of the market in the region. Asia Pacific and Latin America are emerging markets, which are expected to witness strong growth during the forecast period from 2017 to 2025. Strong growth in these regions is attributed to increasing air travelers, rising health care industries, and increase in government investment to develop health care infrastructure. The jet lag therapy market in countries such as China, India, and Brazil is projected to expand at high growth rate during the forecast period due to increase in awareness among the population about jet lag and its therapy.

Other factors that drive the jet lag therapy market are rising number of air travelers, convenience of direct purchase, high adoption and acceptance in developing markets, and innovations and developments in therapy. The market is also experiencing certain restraints such as stiff competition among existing players, high possibilities of substance abuse and addiction, complications and severity involved in taking wrong medications due to misdiagnosis or incorrect self-diagnosis, and lack of awareness among the population in developing and underdeveloped economies.

Major players operating in the jet lag therapy market include Ayo (Novalogy), The Litebook Company Ltd., Lumie, Lucimed S.A., Nature Bright, Northern Light Technologies, Re-Time Pty Ltd., and Chrono Eyewear BV.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

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