PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133550
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133550
Jet Lag Therapy Device Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Increasing Number of Air Travelers is Driving the Growth of Jet Lag Therapy Device Market
Globally, the jet lag therapy device market is expected to grow with a CAGR of 11.5% during the forecast period from 2022 to 2030. The growth of the market is primarily driven by the increasing air travelers across the globe. Over the past decade, a sudden rise in the number of the people travelling has been witnessed. As per the International Air Transportation Association, there were approximately 3.8 billion air travelers worldwide in 2016. This number is further estimated to across 7.0 billion mark by 2035. This growth is attributed to the increasing disposable income of the population in the developing region such as India and China. Furthermore, changing lifestyle along with decline in the price of the airfares is also encouraging air travelling.
The advancement in the design and technology of the jet lag devices is also acting as a major force propelling the market growth. The supportive government initiatives and policies to spread awareness about jet lag and its impact is also one of the prominent factors augmenting the demand for jet lag devices. However, there are several factors that are hindering the growth of the market. Presence of the alternative and substitute solutions such as pills and drugs acts as a major inhibitor in the market growth. Moreover, the relatively higher price of jet lag devices as compared to the other alternate is acting as a major constraint in the market growth.
Blue Light Devices is Estimated to Grow Significantly During the Forecast Period
The jet lag therapy device market is categorized based on the type into white light device, blue light device, and others. The white light devices accounted for more than 45% share in the overall jet lag therapy devices market in 2020. The growth of the market is attributed to the widespread adoption among business class travelers. On the other hand, the blue light devices are estimated to grow significantly during the forecast period.
North America is Leading the Jet Lag Therapy Device Market
North America led the jet lag therapy device market with 35% share in the revenue in 2020. The growth of the market is attributed to large number of the air travelers in the region. It is justified by the fact that U.S. is the largest aviation market across the globe. Moreover, the high disposable income of the population in the region along with cheap airfares is the primary factor supporting the growth of the jet lag therapy devices in the region.
The key players in the jet lag therapy device market are Ayo (Novalogy), Chrono Eyewear BV, Inteliclinic, Litebook Co. Ltd., Lucimed S.A., Lumie, Nature Bright, Northern Light Technologies, Propeaq, Re-Time Pty Ltd., Valkee, and Verilux, Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Jet Lag Therapy Device market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Jet Lag Therapy Device market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Type
White Light
Blue Light
Others
End-use
Business Travelers
Cabin Crew
Athletes
Seasonal Travelers
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Jet Lag Therapy Device market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Jet Lag Therapy Device market?
Which is the largest regional market for Jet Lag Therapy Device market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Jet Lag Therapy Device market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Jet Lag Therapy Device market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Jet Lag Therapy Device Market
- 2.2. Global Jet Lag Therapy Device Market, By Type, 2021 (US$ Million)
- 2.3. Global Jet Lag Therapy Device Market, By End-use, 2021 (US$ Million)
- 2.4. Global Jet Lag Therapy Device Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Jet Lag Therapy Device Market Vendors
- 2.7.2. Strategies Adopted by Jet Lag Therapy Device Market Vendors
- 2.7.3. Key Industry Strategies
3. Jet Lag Therapy Device Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Jet Lag Therapy Device Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. White Light
- 4.3.2. Blue Light
- 4.3.3. Others
5. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Business Travelers
- 5.3.2. Cabin Crew
- 5.3.3. Athletes
- 5.3.4. Seasonal Travelers
- 5.3.5. Others
6. North America Jet Lag Therapy Device Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 6.3. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 6.4.Jet Lag Therapy Device Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Jet Lag Therapy Device Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 7.3. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 7.4.Jet Lag Therapy Device Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Jet Lag Therapy Device Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 8.3. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 8.4.Jet Lag Therapy Device Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Jet Lag Therapy Device Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 9.3. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 9.4.Jet Lag Therapy Device Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Jet Lag Therapy Device Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Jet Lag Therapy Device Market: By Type, 2020-2030, USD (Million)
- 10.3. Jet Lag Therapy Device Market: By End-use, 2020-2030, USD (Million)
- 10.4.Jet Lag Therapy Device Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. Ayo (Novalogy)
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Chrono Eyewear BV
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Inteliclinic
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Litebook Co. Ltd.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Lucimed S.A.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Lumie
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Nature Bright
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Northern Light Technologies
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Propeg
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Re-Time Pty Ltd.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. Valkee
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
- 11.12. Verilux Inc.
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 2 Global Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
- TABLE 3 North America Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 4 North America Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
- TABLE 9 Latin America Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 10 Latin America Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Jet Lag Therapy Device Market By Type, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Jet Lag Therapy Device Market By End-use, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Jet Lag Therapy Device Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Jet Lag Therapy Device Market: Quality Assurance
- FIG. 5 Global Jet Lag Therapy Device Market, By Type, 2021
- FIG. 6 Global Jet Lag Therapy Device Market, By End-use, 2021
- FIG. 7 Global Jet Lag Therapy Device Market, By Geography, 2021
- FIG. 8 Global Jet Lag Therapy Device Market, By Type, 2021 Vs 2030, %
- FIG. 9 Global Jet Lag Therapy Device Market, By End-use, 2021 Vs 2030, %
- FIG. 10 U.S. Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 13 UK Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 17 France Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 19 China Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 21 India Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Jet Lag Therapy Device Market (US$ Million), 2020 - 2030
