IMARC Group, a leading market research company, has recently releases report titled “Jet Lag Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global jet lag therapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the jet lag therapy market?
The global jet lag therapy market size reached US$ 407.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 521.3 Million by 2028, exhibiting a growth rate (CAGR) of 4.40% during 2023-2028.
What is Jet Lag Therapy Market?
Jet lag is a temporary sleep disorder that occurs when individuals travel across multiple time zones, disrupting their internal body clock or circadian rhythm. It aims to help travelers adjust to new time zones quickly and minimize the physical and mental effects of jet lag. Jet lag therapy offers several advantages to individuals traveling across time zones, such as it helps reduce symptoms such as fatigue, insomnia, irritability, and disorientation, enabling travelers to adapt quickly to their new surroundings. By minimizing the impact of jet lag, individuals can maintain their productivity and well-being during their travels, whether for business or leisure purposes. Jet lag therapy is available in various forms, including over-the-counter medications, wearable devices, mobile applications, and specialized clinics.
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Jet Lag Therapy Market Growth and Development:
The global jet lag therapy market is primarily boosted by several factors, including the increasing frequency of international travel, both for business and tourism purposes. This is further supported by the rapid advancements in technology and the widespread adoption of wearable devices and mobile applications. Additionally, the rising awareness about the importance of sleep health and the negative effects of jet lag has prompted individuals to seek appropriate treatments, which is another factor creating a positive outlook for the market. Furthermore, key pharmaceutical companies, research institutes, and travel industry stakeholders are engaging in collaborations to develop innovative jet lag therapies, which is providing an impetus to the market growth. Other drivers include the growing trend of medical tourism, the inflating disposable income, and the expanding geriatric population.
Jet Lag Therapy Market 2023-2028 Competitive Analysis and Segmentation:
The competitive landscape of the Jet lag therapy market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape With Key Players:
- Chrono Eyewear B.V.
- Clinigen Limited
- Jamieson Wellness Inc.
- Lucimed SA
- Lumie
- Nature Bright
- Nature’s Bounty Inc. (Nestlé S.A.)
- Northern Light Technologies
- Re-Timer Pty Ltd.
- Verilux Inc
Key Market Segmentation:
The report has segmented the global Jet lag therapy market based on product type, application, distribution, end-user and region.
Breakup by Product:
- Prescription Drugs
- Provigil/Nuvigil
- Ambien
- Lunesta
- Sonata
- Others
- Melatonin
- Herbal and Natural Products
- Medical Devices
- Light Box
- Wearable Devices
- Others
Breakup by Application:
- Business Travelers
- Cabin Crew
- Athletes
- Seasonal Travelers
- Others
Breakup by Distribution Channel:
- Over the Counter
- Online
Breakup by End Users:
- Hospitals
- Homecare
- Speciality Clinics
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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