A first aid kit is a collection of supplies and equipment that is used to give medical treatment for a person suffering minor to moderate injury or trauma. First aid kits contain items such as bandages, gauze pads, pain relievers, antiseptic ointments, scissors, and cleansing agents that can be applied to suit the injury. First aid kits are available for both personal and commercial use and are found in workplaces, schools, office buildings, sports arenas, camping stores and vehicles.

The global First Aid Kit Market is estimated to be valued at US$ 319.9 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Dynamics:

The first aid kit market is witnessing high growth owing to the increasing occurrence of accidents globally. According to the World Health Organization, road accidents are the eighth leading cause of death worldwide and approximately 1.35 million people die each year as a result of road traffic crashes. Growing awareness regarding emergency preparedness and workplace safety is also fueling the demand for first aid kits across various end-use industries. Furthermore, stringent government regulations mandating the presence of first aid kits in public places like schools, offices, sporting arenas and public transport facilities is propelling market growth. However, availability of alternative treatment methods and expiry of first aid kit products may hinder the market growth over the forecast period.

SWOT Analysis

Strength: First Aid Kit Market has several advantages such as convenience, portability and safety compliance. First aid kits provide immediate medical help in emergency situations, they are easy to transport and fulfill regulatory safety requirements at workplaces. Kits containing basic medical supplies help reduce workload of health facilities and save costs.

Weakness: The contents of first aid kits have expiration dates and need periodic replacement which leads to recurring costs. Poorly stocked or outdated kits provide limited help in medical crises. Low awareness in some areas may restrain sales growth.

Opportunity: Rising workplace and outdoor recreational accidents worldwide point to growing need for easily accessible medical care. Technological innovations can make kits smarter with diagnostic tools. Expanding ecommerce channels offer new revenue streams. Growing health and wellness trends will boost demand for preventive and emergency products.

Threats: Stiff competition from private label brands puts pricing pressure on major players. Unorganized local substitutes in some regions may erode market share. Economic slowdowns can negatively impact commercial segment sales. Stringent regulations for medical devices act as barriers for new entrants.


Key Takeaways

The Global First Aid Kit Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market was valued at US$ 319.9 Mn in 2023 and is projected to reach US$ 571.6 Mn by 2030, registering a CAGR of 5.1% during the forecast period.

Regional analysis: North America dominates currently due to rising workplace safety compliance and outdoor recreational activities in the region. However, Asia Pacific is anticipated to grow at the fastest pace owing to rapid industrialization, rising per capita incomes and evolving healthcare infrastructure in major countries like China and India.

Key players: Key players operating in the First Aid Kit Market includes 3M Company, Acme United Corporation, AdvaCare Canadian Safety Supplies, Beiersdorf AG and Certified Safety Manufacturing among others. 3M is a prominent player with a wide global presence and extensive product portfolio in medical supplies, adhesives and protective gear. Acme United and AdvaCare focus on manufacturing and selling first aid kits and safety products.

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