Increasing incidence of jet lag, rising number of air travelers across the globe, and high focus on launching novel products for treating insomnia are some key factors expected to drive global Jet Lag Therapy market growth.
Increasing incidence of jet lag, rising number of air travelers across the globe, and high focus on launching novel products for treating insomnia are some key factors expected to drive global Jet Lag Therapy market growth.
According to Emergen Research, the global jet lag therapy market size was USD 392.0 Million in 2019 and is expected to reach USD 584.5 million in 2027 and register a robust revenue CAGR of 4.3% during the forecast period, 2020-2027.
Market Dynamics:
Jet lag disorder, commonly called jet lag is a physiological disorder, that affects people after traveling across multiple time zones. It usually occurs when the circadian rhythm of the body is out of sync with cues from a new time zone. Jet lag is observed in air travelers, pilots, cabin crew members, and physicians. Some of the common symptoms of jet lag are feeling exhausted during the day, feeling giddy, having difficulty staying awake, lack of concentration, nausea, or constipation, and being less coordinated than usual. Various medications prescribed by physicians and healthcare experts are available in hospital pharmacies and online pharmacies. Factors such as increasing popularity of advanced wearable devices, constantly changing working shifts in airplanes, and growing popularity of various drugs and medications are expected to drive global market growth during the forecast period.
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However, low awareness about advanced medication and rising availability of alternative therapy for treating jet lag disorders are some key factors that can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Prescription Drugs Segment to Account for Largest Revenue Share:
The prescription drugs segment is expected to account for largest revenue share during the forecast period owing to increasing product launch and approval for jet lag disorders, rising incidence of jet lag, availability of prescription drugs in retail and online pharmacies, and increasing investments in R&D activities.
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Cabin Crew Segment To Register Steady Revenue CAGR:
The cabin crew segment is expected to register steady revenue CAGR between 2020 and 2027. This can be attributed to high frequency of airplane travel all year round worldwide, constantly changing working shifts in airplanes, resynchronization of addresses among crew members, and frequent exposure to artificial and natural life that can hamper circadian responses.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share over the forecast period. This can be attributed to factors such as increasing number of air travelers, rising incidence of disorders with circadian rhythm, and increasing availability of effective therapy and treatment for jet lag disorder.
Major Companies in the Market Include:
- Ayo
- Lumie
- Lucimed S.A.
- The Litebook Company Ltd.
- Northern Light Technologies
- Nature Bright
- Re-Time Pty Ltd.
- Chrono Eyewear BV
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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 Million; 2017-2027)
- Prescription Drugs
- Melatonin
- Herbal and Natural Products
- Medical Devices
- Others
Distribution Channel Outlook (Revenue, USD Million; 2017-2027)
- Over the Counter
- Online
End User Outlook (Revenue, USD Million; 2017-2027)
- Business Travelers
- Cabin Crew
- Athletes
- Seasonal Travelers
- Others
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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