NEW YORK, Dec. 24, 2021 /PRNewswire/ --
First Aid Kit Market Facts at a Glance-
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According to the recent market study by Technavio, the First Aid Kit Market is expected to increase by USD 86.39 million from 2020 to 2025, with an accelerated CAGR of 3%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
65% of the market's growth will originate from Asia during the forecast period. China and India are the key markets for first aid kits in Asia.
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Vendor Insights-
The First Aid Kit Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
For instance, 3M Co. - one of the leading companies offers Nexcare travel kit waterproof, adhesive bandages for customers.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The First Aid Kit Market share growth in Asia will be significant during the forecast period. China and India are the key markets for first aid kits in Asia. Market growth in this region will be faster than the growth of the market in other regions. The increasing participation of athletes in international sports events and fitness awareness among the population will facilitate the first aid kit market growth in Asia over the forecast period.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Market-
The key factor driving growth in the first aid kit market is the demand from the sports industry. Around 50% of first aid kit units in the market are traded to commercial end-users that is predominantly the sports industry. Various first aid kit providers in the market design and development kits for athletes and sports team that has driven the growth of the first aid kit market. Vendors such as Acme United Corporation and Lifeline offer a wide range of sports-specific first aid kits. Since players are required to perform in various environments, any unexpected injury would require a first aid kit with appropriate items in it.
The provision of specialty first aid kits is another factor supporting the first aid kit market share growth. General first aid kits consist of components that are used to treat injuries such as bruises, cuts, or sprains. However, the user sometimes requires some extra components in the first aid kit that could be for specific injuries. For instance, night camping enthusiasts may need insect bite or snake bite medication, which may not be present in the general first aid kits. Therefore, vendors in the market are offering first aid kits for specific applications, which will have a significant contribution to the growth of the market.
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
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First Aid Kit Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 3% |
Market growth 2021-2025 |
USD 86.39 million |
Market structure |
Fragmented |
YoY growth (%) |
3.46 |
Regional analysis |
Asia, North America, Europe, and ROW |
Performing market contribution |
Asia at 65% |
Key consumer countries |
China, US, India, Germany, and Russian Federation |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson and Johnson Inc., and Paul Hartmann AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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