Global Ocean Safety First Aid Kit Market 2017-2021

Overview of the global ocean safety first aid kit market

Market research analysts at Technavio predict that the global ocean safety first aid kit market will grow steadily over the next four years and post a CAGR of almost 3% by 2021. This market research analysis identifies the rising comprehensive safety regulations as one of the key growth factors for the ocean safety first aid kit market. The governments of various countries across the world are taking initiatives to promote the usage of first-aid kits in oceanic activities. Various authorities in the US such as the United States Coast Guard comply with regulations set by the government and recommend the inclusion of marine medical kit as a part of the marine safety equipment. Similarly, the MSN 1768 introduced by the UK also recommends the use of sailing first-aid kits in all sea-going ships that include a crew of more than 10 people. With the increasing commercial activities through waterways across the globe especially in APAC, such regulations on the usage of safety equipment will have a significant impact on the growth of the ocean safety first aid kit market.

Technavios ocean safety first aid market analysis, the rising innovations in bandages will also propel the growth of the market. The bandage is the key component of any first-aid kit. With the prominence of the bandage as the main component, the vendors in the market are introducing innovations in bandages for the agile healing of the wounds. For instance, engineers in the Massachusetts Institute of Technology introduced bandages with stretchy hydrogel embedded with temperature sensors. Similarly, United Health Products also recently launched a HemoStrip hemostatic bandage that promotes faster healing by reducing the clotting time. With bandages being one of the major components in first aid kits, such innovations will propel the growth of the market.

Competitive landscape and key vendors

The ocean safety first aid kit market is intense with the presence of numerous well-established players. Vendors in the market are focusing on offering advanced medical benefits with minimal kit size. Key vendors in the marine first aid kit market are competing based on innovation in design and packaging. To improve their revenue shares, the first aid kit suppliers in the marine first aid kit market are increasingly focusing on offering cost-effective first-aid kits and are also concentrating on providing kits for specific applications such as offshore, inshore, recreation, and coastal.

The leading vendors in the market are –

• Fieldtex Products
• Tender Corporation
• Ocean Safety
• Acme United Corporation

The other prominent vendors in the market are Johnson & Johnson, MedAire, LALIZAS, Clayton First Aid, Medline Industries, Dynamic Safety USA, DC Safety, Orion Safety Products, and Honeywell.

Market segmentation by application and analysis of the ocean safety first aid kit market

• Offshore
• Coastal
• Inshore

During 2016, the offshore segment dominated the ocean safety first aid market. Offshore activities comprise of handling large-scale fishing and seaborne trades, which may involve continuous traveling for days. Such journeys involve the need for carrying safety equipment and marine emergency kit as a precaution to aid during accidents, in turn, contributing to the market’s growth.

Market segmentation by geography and analysis of the ocean safety first aid kit market

• Americas
• APAC
• EMEA

APAC accounted for the highest revenue shares of the ocean safety first aid kit market during 2016. Factors such as the robust growth in the marine industry coupled with the substantial growth of the water recreational activities will influence the growth of the market in this region. Additionally, the regulations imposed by the governments in this region towards the usage of safety kits will also contribute to the growth of the marine first aid kit marketin APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ocean safety first aid kit market?
• What are the key market trends impacting the growth of the global ocean safety first aid kit market?
• What are the challenges to market growth?
• Who are the key vendors in the global ocean safety first aid kit market?
• What are the market opportunities and threats faced by the vendors in the global ocean safety first aid kit market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global ocean safety first aid kit market?

Technavio also offers customization on reports based on specific client requirement.

A collection of supplies and equipment that helps in giving medical treatment is known as a first aid kit. Increasing safety regulations and self-awareness regarding health are some of the factors that will influence the growth of the ocean safety first aid kit market. This upcoming report is a crucial part of Technavio’s power portfolio and also presents a complete outline of sectors like energy storage. With an aim to help clients attain a competitive edge over competitors, Technavio also provides essential information on many traits of the energy market such as the changing customer choices and the factors that will influence and contain the growth of vendors in this market space. Technavio’s market research reports also provide a thorough knowledge of all the suppliers who hold a dominant position in the energy industry. 

To precisely estimate the industry’s progress prospects correctly, our market research experts pursue a comprehensive research approach of quantitative and qualitative techniques and also scrutinize several factors, including technological developments and the demand-supply shifts for a range of products and services globally. To help business clients identify potential market prospects, our upcoming industry research report on the global ocean safety first aid kit market for the forecast period 2017 to 2021 produces executable policies perceived from the data accumulated from sources of market intelligence such as manufacturers, suppliers, regulatory bodies, and stakeholders. Technavio also makes reports based on clients’ specifications.

This upcoming industry research report on the global ocean safety first aid kit market also considers the growth of related markets such as environment monitoring and sensing, which is expected to grow at a CAGR of more than 5% by 2021. The upcoming industry research report for the global ocean safety first aid kit market also highlights the drivers, trends, and the setbacks experienced by the vendors in the energy industry and also offers insights into smart grid sectors.