The Global First Aid Kit Market Is Estimated To Flourish By Rising...

The Global First Aid Kit Market Is Estimated To Flourish By Rising Health Awareness

Posted 2024-03-19 06:32:21

The global first aid kit market is estimated to be valued at US$ 368.53 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period from 2024 to 2031.

With rising health awareness, demand for first aid training and kits is rising across industries and communities. Their easy portability and accessibility makes first aid kits vital for emergency preparedness.

Key Takeaways

Key players operating in the first aid kit market are Advanced Cell Technology, Inc., Angel Biotechnology Holdings PLC, Biotricity, Lineage Cell Therapeutics, Inc., BrainStorm Cell Limited., CIRM, Celgene Corporation (A subsidiary of Bristol-Myers Squibb Company), Takara Bio Inc., Cellular Engineering Technologies., Cytori Therapeutics Inc., and STEMCELL Technologies.

The growing demand for First Aid Kit Market Demand across industries such as mining, manufacturing and construction is expected to drive market growth over the forecast period. Frequent work-related injuries and the need for immediate treatment makes first aid kit availability critical in such high-risk sectors.

The rising safety awareness among individuals is spurring global expansion of the first aid kit market. As consumers equip their homes, vehicles and recreational activities with first aid supplies, demand is growing across regions. Market players are innovating kit formats and content to better suit diverse application areas.

Market Drivers

Mandatory safety regulations across industries regarding first aid provision is a key driver for the first aid kit market. Laws in the USA and Europe require employers to provide medical treatment resources for employees. Standard first aid kits containing specified supplies must be present at all times. This legal compliance spurs bulk demand from large corporations.

Growing sports and outdoor recreational activities are also fueling the market. As hobbyists engage in activities like camping, hiking and water sports, needs for emergency response rise concurrently. Compact portable first aid kits tailored for adventure needs are gaining traction.

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