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The first aid kit market is estimated to grow by USD 130.38 million at a CAGR of 4.66% between 2022 and 2027. The growth of the market depends on several factors, including demand from the sports industry, stringent safety regulations, and evolving product formats.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Demand from the sports industry is notably driving the market growth, although factors such as limitations on the size and weight may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Demand from the sports industry is notably driving the market growth. Although there are many commercial end-users, the most important one is the sports industry, which accounts for the purchase of 50%. The growth of the market is fueled by a rise in the number of providers who design and create kits for athletes and sports teams. These need to contain the appropriate items to provide relief to different injuries caused to athletes in various environments.
Sports coaches as well as physiotherapists should essentially have the knowledge of different types of injuries that occur during practice sessions or matches and how to take care of them. For example, in a baseball match, there are high chances of bruises, sprains, and abrasions. Hence, they should positively contain cold packs and elastic bandages. The essentials available in first aid kits differ from sport to sport. Theey are used by coaches to treat athletes and sportspersons are primarily provided by the sponsors that organize the events.
The provision of specialty first aid kits is the primary trend driving the market growth. The components of these are used to treat wounds like bruises, cuts, or sprains. However, the user may occasionally need a few extra items that could be for particular injuries.
For instance, those who enjoy nighttime camping may require medications for snake or insect bites that are not typically included. As a result, market suppliers are providing first aid kits for specific uses, which will significantly aid in the market's expansion.
Limitations on the size and weight of first aid kits are the major challenge impeding the market growth. They are necessary for a variety of settings and circumstances, including the workplace, outdoor activities, home security, educational institutions, and travel. Due to their small size and weight, these are often carried during a variety of events, such as camping, travel, or sporting events, making it difficult to keep all the supplies inside.
To reduce risks, different end-users need all the products that are available for treating injuries and accident protection. Traditional ones are typically made from metal, which rusts over time. These boxes weigh a lot as well. Users should also be aware of their needs as per the common occupational hazards and physical risks involved in other activities they engage in.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Johnson & Johnson -The company's key offerings include a first aid kit for workers in the chemical, manufacturing, construction, and many other industries who are commonly affected by airborne hazards.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
A qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the industrial segment will be significant during the forecast period. Industrial end-users include military, defense, heavy industries, construction, mining, and law enforcement departments. They are used in these industries since the job profiles involve occupational hazards, such as cuts, abrasions, falling objects, flying objects, sprains, and other injuries.
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The industrial segment showed a gradual increase in market share with USD 289.28 million in 2017 and will continue to grow by 2021. Furthermore, hazards like dust particles such as wood dust, cement particles, and metal dust are common in the construction industry. Working with various materials, dust, and flying debris is not easy and these workers are prone to a high rate of injuries. Developed countries like the US and the UK have adopted safety regulations for workers in industries, which has led to the growth to ensure the safety of workers. Additionally, developing countries show high usage, which has also led to the growth of the carbon dioxide market. Therefore, it has been estimated that during the forecast period, moderate growth is likely to be witnessed by the industrial end-user segment.
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Asia is projected to contribute 50% of market growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in Asia will expand rapidly. During the forecast period, the majority of the region's primary end-user industries, including manufacturing, construction, and healthcare, are estimated to develop faster than the global average. A nation's ability to become self-sufficient and rely less on imports is largely dependent on its manufacturing sector, which employs a significant portion of the global workforce. In terms of production volume, China has surpassed all other countries as the world's top producer. Because domestically made goods are generally less expensive, China does not command the highest first aid kit production revenue. Furthermore, first aid kit manufacturing is rapidly expanding in other developing nations like India too.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, application, and region.
The market is a vital segment of the medical care industry, addressing various needs from workplace accidents to emergency medical care in remote regions. These kits are designed to provide treatment for pain and injuries, with a range of medical supplies and tools. Packaging plays a crucial role in the market, with enclosures and containers ensuring the safe storage and transport of medical goods. Market expansion is driven by a growing emphasis on health & safety and increased awareness among consumers.
Recent developments in the market include products like the Higher Gear Products First Aid Kit, offered by Higher Gear Products LLC through the Amazon Marketplace. This kit features a water-resistant packaging pouch with a variety of contents, including a carry handle and an adjustable shoulder strap for portability. However, the market faces restraints such as limited accessibility in remote regions and logistical issues. To overcome these challenges, companies are focusing on product innovation and differentiation. Events like the Outdoor Retailer Snow Show in Denver showcase the latest in outdoor and adventure first aid kits, highlighting their durable and portable nature.
The industry offers a variety of products, including bags, cabinets, and backpacks, designed for sports and adventures, automotive, residential, and military use. These kits are made from sturdy materials such as cardboard and plastic, with an emphasis on user safety and environmental influences. In conclusion, the market is well-established and adaptable, with a focus on providing durable and practical solutions for various situations. Consumer preferences are shifting towards compact designs with strong materials and practical features, driving the market towards innovation and growth.
First Aid Kit Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.66% |
Market growth 2023-2027 |
USD 130.38 million |
Market structure |
Fragmented |
YoY growth (%) |
3.92 |
Regional analysis |
Asia, North America, Europe, and the Rest of the World (ROW) |
Performing market contribution |
Asia at 50% |
Key countries |
US, Germany, UK, China, and India |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Acme United Corp., AdvaCare Pharma, Adventure Ready Brands, Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson & Johnson, KANGLIDI Medical Articles Co. Ltd., Lifeline, Longbow, Medline Industries LP, Paul Hartmann AG, Protective Industrial Products, Ready America Inc., Sterimed Group, and UniFirst Corp. |
Market dynamics |
Parent market analysis, Market Forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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