Jet Lag Therapy Market
Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2020- 2027

The growth of the market is attributed to the increase in the number of travelers traveling to different time zones and new product launches associated with insomnia

The global Jet Lag Therapy Market will be worth USD 548.5 million by 2027, according to a current analysis by Emergen Research. Jet lag symptoms cause a wide variety of considerable health hazards to athletes, business executives and seasonal travelers, affecting a wide range of people which is around 1 billion annually.

The constant efforts of prominent players to develop newer and modern technologies andproduct advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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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 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

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.

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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.

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.

TOC of the global Jet Lag Therapy market report:

Chapter 1, describes the Jet Lag Therapy Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.

Chapter 2, analyzes the key manufacturers of Jet Lag Therapy , along with the sales, revenue, and price of Jet Lag Therapy , in the forecast period.

Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.

Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Jet Lag Therapy , for each region, from 2020 to 2027.

Chapters 5, 6, 7, 8 and 9, analyze the Jet Lag Therapy market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued

 

Read More: https://www.emergenresearch.com/industry-report/jet-lag-therapy-market

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At Emergen Research, we believe in advancing with technology. We are a growing market research  and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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