About Jet Lag Therapy
Jet Lag therapy is a treatment which required to overcome jet lag after traveling. Jet lag is also known as zone change syndrome which happens because of rapid traveling across various time zones. Basically, it cures physiological conditions that can result as disruption in the body’s circadian rhythms. This market is having strong potential in future because of increasing number of travellers across the globes. With the increasing concern towards chronic diseases, along with the rising number of an increasing number of cases related to insomnia, sleepiness, and daytime fatigue.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global jet lag therapy market is highly competitive. Leading players are performing in this market focus more on R&D activities to develop the new product portfolio. The major applications are developed by players to enhance their presence. The companies are enhancing the market by various market strategies such as mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Analyst at AMA Research estimates that Canada Players will contribute the maximum growth to Global Jet Lag Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ayo (Novalogy) (United States), The Litebook Company Ltd (Canada), Lucimed (Belgium), Clinigen Group (United Kingdom), Vanda Pharmaceuticals (United States), Pfizer (United States), Jamieson Laboratories Ltd. (Canada), Lumie (United Kingdom), Northern Light Technologies (Canada) and Propeaq (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Re-Timer (Australia), HumanCharger (Finland) and Verilux, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Jet Lag Therapy market by , Application (Business Travelers, Cabin Crew, Athletes, Seasonal Travelers and Others) and Region.
On the basis of geography, the market of Jet Lag Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospital Pharmacies will boost the Jet Lag Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route Of Administration, the sub-segment i.e. Oral will boost the Jet Lag Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Non-Benzodiazepines will boost the Jet Lag Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Devices, the sub-segment i.e. Prescription Medication will boost the Jet Lag Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Components in Therapies and Increasing Number of Launches of Insomnia Related Products
Market Growth Drivers:
Rise in the number of travelers, from the last few years, the number of international travelers passing through US airports has increased as 124.2 million in 2017. This will create a huge growth opportunity in the future. Another reason behind it is increasing the purchasing power of the consumers.
Challenges:
Rising Concern towards Side Effects
Restraints:
Lack of Consumer Awareness and Rising Presence of Substitute Therapies Which Can Be Restraining the Market Growth
Opportunities:
Increasing Number of Wearable Devices
In August 2019, Virgin Atlantic to offer sleep meditation on flights for passengers and crew members to manage jet lag. Sleep by Headspace launched worldwide in September 2018 and is specifically tailored to create the ideal conditions for a healthy, restful sleep. The Headspace Sleep team developed the new collection based on prototypes tested with real users, as well as a review of existing clinical research.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Jet Lag Therapy Service Provider, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.