The Growth Of The Global First Aid Kit Market Growth Accelerated By Wide Adoption In Commercial Applications

 

First Aid Kits provide users with essential medical supplies needed to treat minor injuries and ailments. They are an important health and safety item and contain antiseptic, bandages and other medical equipment useful for treating cuts, scratches, burns and more. With increasing safety concerns in both commercial and residential areas, demand for first aid kits has grown substantially.

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 key trends:

One of the key trends driving the growth of the first aid kit market is their wide adoption in commercial applications. Various industries are ensuring easy access to first aid supplies for workers by installing first aid kits in all work areas. This is becoming increasingly important as work-related injuries are common. Regulations in many countries also mandate the presence of first aid kits in commercial spaces. The growing emphasis on employee safety and well-being is propelling the demand from industries like manufacturing, construction, healthcare, tourism and hospitality. Additionally, rising awareness about the need for emergency response has boosted adoption of first aid kits across offices, retail stores, schools and other commercial facilities. This rapid commercialization will continue accelerating the market expansion over the forecast period.

Segment Analysis
The global First Aid Kit market is dominated by household segment which accounted for over 35% share of the total market in 2023. Within the household segment, basic first aid kit sub-segment dominates the market and is expected to continue its dominance over the forecast period. This is primarily attributed to high demand for basic first aid kits from households for emergency purposes. The industrial segment is the second largest segment in the First Aid Kit market on account of stringent safety regulations mandating availability of first aid kits at workplaces.

Key Takeaways
The Global First Aid Kit Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis:
North America accounted for the largest share of over 30% in the global First Aid Kit market in 2023. This is attributed to stringent workplace safety regulations and higher spending on healthcare and safety products in the region. Asia Pacific is projected to witness the fastest growth during the forecast period owing to rapid industrialization and increasing safety awareness in major economies like China and India.

Key players:
Key players operating in the First Aid Kit market are 3M Company, Acme United Corporation, AdvaCare Canadian Safety Supplies, Beiersdorf AG, Certified Safety Manufacturing, Cramer Products, and Fieldtex Products Inc. among others. 3M Company dominated the market in 2023 owing to its well recognized brand and wide product portfolio.

Get more insights on this topic:

https://www.marketwebjournal.com/first-aid-kit-market-market-size-and-share-analysis/

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