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First Aid Kit Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43073
Technavio

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The first aid kit market share is expected to increase by USD 86.39 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3%.

This first aid kit market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers first aid kit market segmentation by end-user (industrial, commercial, and individual) and geography (Asia, North America, Europe, and ROW). The first aid kit market report also offers information on several market vendors, including 3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson and Johnson Inc., and Paul Hartmann AG among others.

What will the First Aid Kit Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the First Aid Kit Market Size for the Forecast Period and Other Important Statistics

 

First Aid Kit Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The demand from the sports industry is notably driving the first aid kit market growth, although factors such as limitations of size and weight of first aid kits may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the first aid kit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key First Aid Kit Market Driver

One of the key factors driving growth in the first aid kit market is the demand from the sports industry. Around 50% of first aid kit units in the market are traded to commercial end-users that is predominantly the sports industry. Various first aid kit providers in the market design and development kits for athletes and sports team that has driven the growth of the first aid kit market. Vendors such as Acme United Corporation and Lifeline offer a wide range of sports-specific first aid kits. Since players are required to perform in various environments, any unexpected injury would require a first aid kit with appropriate items in it. It is an essential criterion for sports coaches and physiotherapists to understand the type of injury that could occur during the competition or while practicing.

Key First Aid Kit Market Trend

The provision of specialty first aid kits is another factor supporting the first aid kit market share growth. General first aid kits consist of components that are used to treat injuries such as bruises, cuts, or sprains. However, the user sometimes requires some extra components in the first aid kit that could be for specific injuries. For instance, night camping enthusiasts may need insect bite or snake bite medication, which may not be present in the general first aid kits. Therefore, vendors in the market are offering first aid kits for specific applications, which will have a significant contribution to the growth of the market.

Key First Aid Kit Market Challenge

The limitations of the size and weight of first aid kits will be a major challenge for the first aid kit market during the forecast period. First aid kits are required at various places and situations such as workplaces, recreational outings, household safety, schools and colleges, and during traveling. Since first aid kits are carried for various purposes such as camping, during traveling, or sports events, it is not easy to keep all the items in a kit due to its limited size and weight. However, various end-users require all the possible items for protection from injuries and unexpected accidents to avoid any risk. Users should be aware of their requirements according to their work and other activities. This can reduce the unnecessary items to be included while carrying first aid kits. These limitations and determination of the suitable first aid component mix for specific applications is a challenge for vendors.

This first aid kit market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global first aid kit market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the first aid kit market during the forecast period.

Who are the Major First Aid Kit Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Acme United Corp.
  • Certified Safety Manufacturing Inc.
  • Cintas Corp.
  • Cramer Products Inc.
  • DC Safety
  • Fieldtex Products Inc.
  • Honeywell International Inc.
  • Johnson and Johnson Inc.
  • Paul Hartmann AG

 

This statistical study of the first aid kit market encompasses successful business strategies deployed by the key vendors. The first aid kit market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • 3M Co. The company offers Nexcare travel kit waterproof, adhesive bandages for customers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The first aid kit market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

First Aid Kit Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the first aid kit market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the first aid kit market includes the following core components:

  • Research and development
  • Inputs
  • Inbound logistics
  • Operations
  • Distribution
  • Marketing and sales
  • Post-sales and services
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for First Aid Kit Market?

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65% of the market’s growth will originate from Asia during the forecast period. China and India are the key markets for first aid kits in Asia. Market growth in this region will be faster than the growth of the market in other regions.

The increasing participation of athletes in international sports events and fitness awareness among the population will facilitate the first aid kit market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 Several countries, including China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under either a partial or full lockdown during the first half of 2020 due to the COVID-19 pandemic. Such lockdowns, stringent social distancing, and isolation norms affected all manufacturing industries in Asia and led to the temporary shutdown of production units. The growth of the first aid kit market remained low in 2020. Although during the COVID-19 pandemic, the number of patients with accidents reduced, accident managing services continued to operate despite changes in healthcare infrastructure and pathways. Since, in most of the countries, lockdowns have been relaxed, and the vaccination process has been started. Such factors are expected to keep the growth of the first aid kit market in the region during the forecast period.

What are the Revenue-generating End-user Segments in the First Aid Kit Market?

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The first aid kit market share growth by the industrial segment will be significant during the forecast period. Safety regulations for industrial workers in many developed countries such as the US and the UK have contributed to the growth of first aid kits since these regulations ensure their presence and use during any emergency. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the first aid kit market size and actionable market insights on post COVID-19 impact on each segment.

 

First Aid Kit Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

$ 86.39 million

Market structure

Fragmented

YoY growth (%)

3.46

Regional analysis

Asia, North America, Europe, and ROW

Performing market contribution

Asia at 65%

Key consumer countries

China, US, India, Germany, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson and Johnson Inc., and Paul Hartmann AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this First Aid Kit Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive first aid kit market growth during the next five years
  • Precise estimation of the first aid kit market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the first aid kit industry across Asia, North America, Europe, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of first aid kit market vendors

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Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Health care equipment market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Industrial - Market size and forecast 2020-2025
      • Exhibit 17: Industrial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Industrial - Year-over-year growth 2020-2025 (%)
    • 5.4 Commercial - Market size and forecast 2020-2025
      • Exhibit 19: Commercial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Commercial - Year-over-year growth 2020-2025 (%)
    • 5.5 Individual - Market size and forecast 2020-2025
      • Exhibit 21: Individual - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Individual - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by End-user
      • Exhibit 23: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 Asia - Market size and forecast 2020-2025
      • Exhibit 27: Asia - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Asia - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 ROW - Market size and forecast 2020-2025
      • Exhibit 33: ROW - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: ROW - Year-over-year growth 2020-2025 (%)
    • 7.7 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.8 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 38: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 43: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 44: Market positioning of vendors
          • Exhibit 45: 3M Co. - Overview
          • Exhibit 46: 3M Co. - Business segments
          • Exhibit 47: 3M Co.- Key news
          • Exhibit 48: 3M Co. - Key offerings
          • Exhibit 49: 3M Co. - Segment focus
          • Exhibit 50: Acme United Corp. - Overview
          • Exhibit 51: Acme United Corp. - Business segments
          • Exhibit 52: Acme United Corp. - Key offerings
          • Exhibit 53: Acme United Corp. - Segment focus
          • Exhibit 54: Certified Safety Manufacturing Inc. - Overview
          • Exhibit 55: Certified Safety Manufacturing Inc. - Product and service
          • Exhibit 56: Certified Safety Manufacturing Inc. - Key offerings
          • Exhibit 57: Cintas Corp. - Overview
          • Exhibit 58: Cintas Corp. - Business segments
        • 10.3 3M

          93 10.4

          95 10.5

          97 10.6

          99 10.7

          101 10.8

          103 10.9

          105 10.10

          107 10.11

          109 10.12

          111 11.

          113 11.1

          114 11.2

          115 11.3

          117 11.4

          Research Framework

          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

          TechnavioINFORMATION SOURCES

          Primary sources

          • Manufacturers and suppliers
          • Channel partners
          • Industry experts
          • Strategic decision makers

          Secondary sources

          • Industry journals and periodicals
          • Government data
          • Financial reports of key industry players
          • Historical data
          • Press releases
          Technavio

          TechnavioDATA ANALYSIS

          Data Synthesis

          • Collation of data
          • Estimation of key figures
          • Analysis of derived insights

          Data Validation

          • Triangulation with data models
          • Reference against proprietary databases
          • Corroboration with industry experts
          Technavio

          TechnavioREPORT WRITING

          Qualitative

          • Market drivers
          • Market challenges
          • Market trends
          • Five forces analysis

          Quantitative

          • Market size and forecast
          • Market segmentation
          • Geographical insights
          • Competitive landscape
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          The first aid kit market market growth will increase by $$ 86.39 mn during 2022-2025.
          The first aid kit market market is expected to grow at a CAGR of 3% during 2022-2025.
          Technavio has segmented the first aid kit market market by end user (commercial, industrial, and individual) ,geography (North America, Asia, and Europe) , and geographic (North America, Asia, and Europe).
          3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson & Johnson, Paul Hartmann AG are a few of the key vendors in the first aid kit market market.
          Asia will register the highest growth rate of 65% among the other regions. Therefore, the first aid kit market market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the first aid kit market market growth are:
          • Demand from sports industry

            Around 50% of first aid kit units in the market are traded to commercial end-users that is predominantly the sports industry. Various first aid kit providers in the market design and develop the kits for athletes and sports team that has driven the growth of first aid kit market. Vendors such as Acme United Corporation and Lifeline offer a wide range of sports-specific first aid kits.Since players are required to perform in various environments, any unexpected injury would require a first aid kit with appropriate items in it. It is an essential criterion for sports coaches and physiotherapists to understand the type of injury that could occur during the competition or while practicing. For instance, sports such as baseball have more chances of bruises, sprains, and abrasions. Therefore, a first aid kit for baseball players should be equipped with cold packs and elastic bandages. Similarly, various other sports have various other conditions that could bring injuries to the players. These minor injuries are treated using first aid kits that are carried by coaches and physiotherapists or provided by the sponsors conducting events.Exhibit: Vendors providing sports-specific first aid kitsThe global sports equipment market is observing a substantial growth for the last few years because of increasing participation in sports activity and mounting awareness about health and fitness. In 2015, the global sports equipment market rose from approximately 65 billion in 2013 to 68 billion. It is expected that the market for sports equipment will have a revenue of around 79 billion by the end of 2021. This is indicative of the growth of the sports industry globally. These factors have a positive influence on the global first aid kit market as this creates demand for first aid kits from athletes, sports organizers, and coaches.

          • Provision of specialty first aid kits

            General first aid kits consist of components that are used to treat injuries such as bruises, cuts, or sprains. However, the user sometimes requires some extra components in first aid kit that could be for specific injuries. For instance, night camping enthusiasts may need insect bite or snake bite medication, which may not be present in the general first aid kits. Therefore, vendors in the market are offering first aid kits for specific applications, which will have a significant contribution to the growth of the market.Vendors- Aid kits

          The first aid kit market market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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