First Aid Kit Market Size Worth $238.47 Million by 2027 | CAGR: 5.3%: Grand View Research, Inc.

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Jun 15, 2020, 04:05 ET

SAN FRANCISCO, June 15, 2020 /PRNewswire/ -- The global first aid kit market size is expected to reach USD 238.47 million by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2020 to 2027. Increasing prevalence of hospital acquired diseases and rising hospital admissions are the key factors driving the market for first aid kit.

Road accidents are rapidly increasing and such cases require immediate first aid and medical attention. In February 2020, the WHO reported that around 1.35 million people die in road accidents every year and on an average 20 to 50 million people get injured or disabled. It also reported that road accidents are the leading cause of deaths among children and young adults aged 5-29 years. According to the Association for Safe International Road Travel (ASIRT), in U.S., over 37,000 people die in road accidents every year and an additional 2.35 million get injured or disabled.

Key suggestions from the report:

By product, the common type kit segment held the largest market share in 2019. Common type kits are generally used in home, offices, and industrial settings and these are majorly used in every kind of first aid requirements
Based on end use, the home and offices segment is anticipated to witness significant growth over the forecast period owing to increasing number of fall cases and rising cases of mishaps happening in kitchen in home setting
Asia Pacific is expected to witness the fastest growth over the forecast period owing to high number of road crashes in countries, such as India and China.

Read 120 page research report with ToC on "First Aid Kit Market Size, Share & Trends Analysis Report By Product (Common Type, Special Type), By End Use (Hospital & Clinics, Fire Department), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/first-aid-kit-market

As per the report on "Road Accidents in India (2018)" published by the Ministry of Road Transport and Highways Transport Research Wing, Government India, in 2018, 4,67,044 road accidents were reported in India. India ranks first in the number of road crash deaths across the globe, followed by China and U.S., as stated by the World Road Statistics, 2018. The WHO Global Report on Road Safety 2018 states that India accounts around 11.00% of road traffic crash deaths in the world. Road accidents victims need immediate medical attention.

Grand View Research has segmented the global first aid kit market on the basis of product, end use, and region:

First Aid Kit Product Outlook (Revenue, USD Million, 2016 - 2027)

Common Type Kit
Special Type Kit

CPR
Snake Bite
Burn Care
Others

First Aid Kit End-use Outlook (Revenue, USD Million, 2016 - 2027)

Hospital & Clinics
Home & Offices
Fire Department
Others

First Aid Kit Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

U.S.
Canada

Europe

U.K.
Germany

Asia Pacific

China
Japan

Latin America

Brazil
Mexico

South Africa
Saudi Arabia

List of Key Players of First Aid Kit Market:

Acme United Corporation
Certified Safety
Manufacturing
Cramer Products
Dynamic Safety USA, LLC
Green Guard First Aid & Safety
HARTMANN
MedTree

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.