Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 136 | Code: MBI-3927236

Jet Lag Therapy Market Size, Share, Growth & Demand Analysis Report by Type (Melatonin, Prescription Drugs, Herbal and Natural Products) By Application (Business Travelers, Cabin Crew, Athletes, Seasonal Travelers, Others) Forecast Report 2022-2030

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Market Overview:

The global jet lag therapy market size was valued at USD 470.1 million in 2021 and is projected to register a valuation of USD 641.5 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.8% over the forecast period 2022-2030. An increase in exposure to high altitudes and cabin pressure associated with air travel is the key factor driving the growth of the jet lag therapy treatment market.

The jet lag therapy application business is facing the rapid expansion of new ideas, technologies, and business models that are creating profound changes in the future of the industry. 

Jet lag is also called a jet lag disorder. It is a temporary sleep disorder that can very quickly affect anyone traveling in many different time zones. Our body has its own internal clock or circadian rhythm, which signals to the body when to wake up and when to sleep. Jet lag occurs because our body clock is still out of sync with the original time zone, rather than the time zone we're traveling to. The more different environments you travel in, the more likely you are to have jet lag problems.

Traveling continuously to a place in another time zone, contrary to the biological clock of the body, causes the problem of jet lag. Experts say that the circadian rhythm of the body is controlled by some factors and activities like sunlight, eating time, meeting people in society, etc. When you move from the current time zone to another time zone, your biological clock may not match with the outside time zone. It takes some time for your body to adapt to or adapt to the time of the other place.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the global jet lag therapy market. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, tourism, supply chain disruptions, cost increases, and workforce disruptions. COVID-19 led to an unprecedented drop in all economic activities, including the jet lag therapy market. The Global Jet Lag Therapy Application Market has been hit extremely hard by multiple waves of Covid-19, especially in Europe and America.

Furthermore, the jet lag therapy market's financial vulnerability is far greater than in previous outbreaks such as SARS, avian flu, swine flu, bird flu, and Ebola, anticipated by the increasing number of infected individuals and vulnerability at the end of the crisis. With the rapid increase in cases, the global jet lag therapy refreshment market is impacted by multiple perspectives.

Driving Factors:

Favorable factors driving the potential growth of the market are mainly the installation of safe and effective medical smart wearable devices, increased compliance of wearable devices among end users, minimal complications or negative impact, and the number of passengers per year globally. Changes in working shift timings associated with night shifts will drive jet lag therapy market growth.

The increase in new launches of insomnia-related products annually, the increase in the number of passengers traveling to different time zones, and the rapid increase in the number of air travelers as well as minimal side effects or complications of the drugs are some of the important factors driving the growth of the jet lag therapy market.

However, the increase in the preference for non-pharmacological therapies over pharmacological therapies, the rise in the introduction of alternative medicine to beat jet lag disorders and the limited efficacy rate of available interventions are the vital factors acting as restraints among other factors, and will further challenge the jet lag therapy market in the above-mentioned forecast period.

Market Segmentation:

The Global jet lag therapy market is segmented by type, application, and region. By type melatonin, prescription drugs, herbal and natural products. By application cabin crew, business travelers, athletes, and seasonal travelers. By region Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Type:

The report includes jet lag therapy type, melatonin, prescription drugs, and herbal and natural products.

Prescription drugs accounted for the majority of the market share in 2021, yet the melatonin segment of the jet lag therapy market has been growing over the years and is projected to grow at a CAGR of 4.8% during the forecast period.

By Application:

The report includes jet lag therapy applications, cabin crew, business travelers, athletes, and seasonal travelers.

The business travelers segment held lion's share of the market in 2021 and are likely to continue its dominance over the predicted period due to higher travel frequencies of business executives from region to region.

Regional Analysis:

In terms of revenue, North America is the most prominent market for jet lag therapy, followed by the Asia Pacific. In the North American region, the U.S. has the majority of the market share. In countries such as China, India, and Brazil, the jet lag therapy market is projected to expand manifold in the forecasted years, as the level of awareness among the population about jet lag and its therapy has increased.

Key Market Players:

  •  The Litebook Company Ltd.
  •   Lucimed S.A.
  •   Re-Time Pty Ltd.
  •   Chrono Eyewear BV
  •   Northern Light Technologies
  •   Inteliclinic
  •   Royal Philips
  •   Verilux, Inc.
  •   Vielight Inc.
  •   Ayo (Novalogy)
  •   Clinigen Group plc
  •   Vanda Pharmaceuticals Inc
  •   Pfizer
  •   Jamieson Laboratories Ltd.
  •   NOW Foods
  •   Jazz Pharmaceuticals, Inc
  •   Nature's Bounty

Report Coverage:

Market Segmentation:

By Type

  • Melatonin
  • Prescription Drugs
  • Herbal and Natural Products

By Application

  • Business Travelers
  • Cabin Crew
  • Athletes
  • Seasonal Travelers
  • Others

By Region

North America

  • The US
  • Canada
  • Mexico

Europe

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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