First aid kits are useful and convenient tools for emergency purposes, first aid kit widely produced and sold worldwide, especially in U.S., Japan and Germany. Currently, Europe is the largest consumption market of first aid kits worldwide, and the market growth is driven by the wide awareness of the necessity of having a first aid kit.
First aid kit is considered to be a collection of supplies and equipment that is used to give medical treatment in emergency condition. First aid kits are designed to manage all types of injuries such as basic scrapes and burns.
The Global First Aid Kit Market size was estimated to be valued at US$ 21.0 million in 2019, and is expected to witness a CAGR of 3.4% over the forecast period (2019 – 2027).
Global First Aid Kit Market Share (%) Analysis, By First Aid Kit Type, 2019
Source: Coherent Market Insights Analysis (2020)
Increasing government rules and regulation for health and safety at the workplace is expected to drive growth of the Global First Aid Kit Market
First aid kit market size is expected to witness significant growth owing to government rules and regulation for health and safety at places of work which is driving demand for first aid kits. According to data published by the Health and Safety Executive (HSE), U.K., in January 2019, workplaces should have an adequate amount of fully equipped first aid kits as per the number of employees, first aid rooms, trained persons to perform first aid activities, and making employees aware of first aid arrangements.
Global First Aid Kit Market - Regional Insights
On the basis of region, the global first aid kit market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global first aid kit market owing to launch of innovative products in the region. For instance, in 2018, Medline Industries developed a germ shield product line for prevention of infections. This product line includes antimicrobial ointments, CHG Antiseptic Pre-Surgical Cleanser Kits, and 2-layer gloves and advanced breathable adhesive bandages.
Asia Pacific is the fastest growing region in the global first aid kit market owing to an increasing number of accidents in the region, which has led to high demand for first aid kits as a primary mode of treatment. According to the Ministry of Road Transport and Highways (MRTH), Government of India report, in 2017, around 147,000 deaths and 470,000 injuries were recorded in India due to road accidents. Moreover, the production of a wide range of products like cotton self-adhesive elastic bandages, multi-functional first aid kits, office wall mount first aid boxes is also expected to contribute to the growth of the first aid kit market in Asia Pacific.
Global First Aid Kit Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027
Source: Coherent Market Insights Analysis (2020)
Global First Aid Kit Market Competitive Landscape
Key players operating in the global first aid kit market include 3M, Fieldtex Products, Acme United Corporation, Johnson and Johnson, Inc., Advacare Pharma, Canadian Safety Supplies, Cintas Corporation, Certified Safety Manufacturing, Cramer Products, Dynamic Safety USA, Firetex Protective Technologies, Green Guard, Hartmann, and Medline Industries.
First aid kits are used in homes, schools, offices, vehicles, recreational centers, and gyms to manage unexpected injuries. These are one of the most commonly used medical accessories in home care settings along with public and private healthcare facilities. A first aid kit contains a wide variety of equipment such as gauzes (long and short), different types of bandages, wound cleaning agents, antiseptics, cotton, scissors, tweezers, gloves, elastic wraps, and splits. A first aid kit also contains certain medications such as pain killers, antihistamines, and rehydration salts in addition to the aforementioned medical equipment.
The first aid kit market revenue is expected to witness significant growth owing to increasing incidence of sports related injuries which require a primary care. According to the Stanford Children's Health 2019 report, around 3.5 million people suffer sports and recreation related injuries each year.
However, the general lack of awareness and knowledge about first aid activities is a major restraining factor for the growth of the first aid kit market. According to the 2015 research of British Red Cross (BRC), 95% of people lack knowledge and confidence to perform first aid in emergency situations such as heavy bleeding, non-responsive, and non-breathing cases in the U.K. Moreover, the market is expected to witness challenges due to unavailability of first aid kits in middle to lower income countries.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.