First Aid Kit Market size to grow by USD 130.38 million from 2022 to 2027

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06 Jul, 2023, 21:45 ET

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NEW YORK, July 6, 2023 /PRNewswire/ -- The first aid kit market size is set to grow by USD 130.38 million from 2022 to 2027, progressing at a CAGR of 4.66% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Demand from the sports industry is notably driving the first-aid kit market growth. There are several commercial end-users; the most notable one is the sports industry, which contributes to the purchase of 50% of first aid kits. The growth of the market is driven by an increase in the number of providers of first aid kits who create and design kits, especially for athletes and sports teams. In order to provide relief to different injuries caused to athletes in different environments, these kits need to contain the appropriate items. Moreover, sports coaches, as well as physiotherapists, should effectively have an understanding of various types of wounds that may happen while practice sessions or matches and how to take care of them. For instance, in a baseball match, there are high chances of bruises, sprains, and abrasions. Therefore, the kits should contain appropriate things such as cold packs and elastic bandages. The first aid kits used by coaches to treat athletes and sportspersons are predominantly supplied by the sponsors that organize the events. Hence, such factors are expected to drive the market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The first aid kit market covers the following areas:

The report on the first aid kit market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

First Aid Kit Market 2023-2027 - Market Dynamics

Major Trends

The provision of specialty first aid kits is an emerging trend supporting the first aid kit market growth. Generally, the components of general first aid kits are used to treat injuries like bruises, cuts, or sprains. For particular injuries, the user may occasionally need a few extra items from the first aid kit. For example, those who enjoy nighttime camping may require medications for snake or insect bites that are not typically included in first aid kits. Such factors lead the market suppliers to provide first aid kits for specific uses, which will significantly support the expansion of the market.

Significant Challenge

The major challenge impeding the first aid kit market growth is the limitations on the size and weight of first aid kits. First aid kits are essential for numerous environments and situations, including the workplace, outdoor activities, home security, educational institutions, and travel. First aid kits are often carried during a variety of events, such as camping, travel, or sporting events, making it difficult to keep all the supplies inside due to their small size and weight. To lower risks, various end-users require all the products that are available in the kit for treating injuries and accident protection. Traditional first aid kits are generally made from metal, which rusts over time. Most importantly, users should also be knowledgeable of their first aid kit requirements as per the common occupational risks and physical hazards involved in other activities they engage in. Such factors can impede the market growth during the forecast period.

What's New? -

First Aid Kit Market 2023-2027: Market Segmentation

The first aid kit market segmentation by end-user (industrial, commercial, and individual), product type (common type kit and special type kit), and geography (Asia, North America, Europe, and the Rest of the World).

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

Vendor Offerings

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First Aid Kit Market Scope

Report Coverage

Details

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 2022-2023(%)

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 Vendors, Market Positioning of Vendors, 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 and Johnson, KANGLIDI Medical Articles Co. Ltd., Lifeline, Lonogbow, Medline Industries LP, Paul Hartmann AG, Protective Industrial Products, Ready America Inc., Sterimed Group, and UniFirst Corp.

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.

Key Topics Covered:

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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