First Aid Kit Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

First aids are used by every single person multiple times in their life. They are an essential part of traveling kits and are also used at home. The training and expertise required to use medical kits play a big role in using the kits. They are various first aid kits available in the commercial market, which are easy to use and cost-efficient to the end consumers. First aid kits available for in-home usages are used in the treatment of minor wounds and injuries such as cuts, strains, stings, burns, splinters, abrasions (scrapes), and sprains.

When used during traveling purposes, these kits are more complex and consist of more instruments as drug stores might not be available while traveling. Moreover, medical items in kits help in the reduction of the symptoms observed during an infection. These symptoms mainly include nasal congestion, fever, sore throat, and cough. Medical kits help in the ailment treatments such as cuts, allergies, gastrointestinal problems, mild pain, and skin problems.

COVID-19 scenario analysis:

• To take care of the infected population, the demand for medical supplies is increasing. Respiratory support devices, such as atomizer, life-support machine, oxygen generator, and monitor, are the majorly used medical devices in primary clinical treatment. 
• Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising both from healthcare professionals and civil populations for precautionary measures.
• Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.
• Attributed to such factors, COVID-19 is expected to have a significant impact on the first aid kit market.

Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The sports sector is the highest consumer of first aid kits as the demand is the highest during events on a commercial level. Various industries, household buildings, and other commercial buildings also are huge consumers of the first aid kit market. Additionally, there has also been considerable growth observed in the sales of the kits, owing to the compulsion made by stringent policies and raising awareness in regards to the health. Therefore, these factors boost the growth of the first aid kit market.

First aid kits can also provide instant aid before any medical treatments can be provided to patients. The safety guidelines and awareness also help in the consumption of first aid kits. The emphasis on specialty first aid kits providing additional and new medical items & technologies also propels the growth of the market. In recent years, there has also been an increase in the demand and consumption of driving first aid safety kits used on the streets to provide instant medication when accidents occur. There has also been significant increase in the employment rate in the healthcare sector all over the world, which creates a huge demand for first aid kits in the market.

On the other hand, awareness and skill in using machinery and tools in industrials and other sectors where manpower is at high risk of injury increase along with automation. Therefore, this minimizes the risk of accidents and injuries in industries. Additionally, scarcity of skilled professionals who can properly use medical kits and frequent changes in the size and weight of the kits are the major challenges faced by the first aid kit market.

New product launches and acquisitions to boost the market

On April 12th, 2019, Target launched its first aid kit brand, Method.

Surge in usage in hospital applications

Transportation, industrial & manufacturing facilities; home and offices; military; and outdoor and sports activities are the major consumers of the first aid kit market. Amongst them, the home and offices segments are the highest end users in the market. This is attributed to the significant rise in the cases of accidents and mishaps in the kitchen and at home.

Key benefits of the report:

• This study presents the analytical depiction of the first aid kit market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the first aid kit market share.
• The current market is quantitatively analyzed to highlight the first aid kit market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the first aid kit market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 First Aid Kit Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights