Global First Aid Kit market 2017-2021
About First Aid Kit
First aid kits are an essential part of safety precaution from unexpected injuries during work, traveling, sports and recreational activities. Global market for first aid kits is driven by increasing demand from sports industry. Increasing consumption of first aid kits in commercial buildings and industrial work sites due to the increasing safety regulations and self-awareness regarding health is another key factor driving the growth of the market.
Technavio’s analysts forecast the global first aid kit market to grow at a CAGR of 2.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global first aid kit market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of first aid kits at the retailer level.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global First Aid Kit Market 2017-2021
Technavio recognizes the following companies as the key players in the global first aid kit market: 3M, Honeywell, Fieldtex Products, and Johnson & Johnson.
Other Prominent Vendors in the market are: Acme United Corporation, AdvaCare, Canadian Safety Supplies, Cintas, Certified Safety Manufacturing, Cramer products, DC Safety, Dynamic Safety USA, FIRETEX PROTECTIVE TECHNOLOGIES, Green Guard, HARTMANN, Lifeline, Levitt-Safety, MedTree, Medline Industries, Northern Safety, Protective Industrial Products, Ready America, Sterimed, Steroplast Healthcare, and Tender Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is provision of specialty first aid kits. General first aid kits consist of components that are used to treat injuries such as bruises, cuts, or sprains. However, the user sometimes require some extra components in first aid kit that could be for specific injuries.”
According to the report, one of the major drivers for this market is demand from 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 develop the kits for athletes and sports team that has driven the growth of first aid kit market. Vendors such as Acme United Corporation and Lifeline offers a wide range of sports-specific first aid kits.
Further, the report states that one of the major factors hindering the growth of this market is limitations of size and weight of first aid kits. First aid kits are required at various places and situations such as workplaces, recreational outing, household safety, schools and colleges, and during traveling. Since first aid kits are carried for various purposes such as camping, during traveling, or sport events, it is not easy to keep all the items in a kit due to its limited size and weight. However, various end-users require all the possible items for protection from injuries and unexpected accidents to avoid any risk.
3M, Honeywell, Fieldtex Products, Johnson & Johnson, Acme United Corporation, AdvaCare, Canadian Safety Supplies, Cintas, Certified Safety Manufacturing, Cramer products, DC Safety, Dynamic Safety USA, FIRETEX PROTECTIVE TECHNOLOGIES, Green Guard, HARTMANN, Lifeline, Levitt-Safety, MedTree, Medline Industries, Northern Safety, Protective Industrial Products, Ready America, Sterimed, Steroplast Healthcare, Tender Corporation.