Global Ocean Safety First Aid Kit Market 2017-2021
About Ocean Safety First Aid Kit
First aid is the provision of immediate or emergency treatment to a person with an injury or illness before the complete medical aid. By performing certain procedures and following certain guidelines, it is possible to provide basic treatment to reduce the gravity of an acute injury. Ocean safety first-aid kits include safety medication for the first-degree emergency treatment of injuries or casualties in marine operations fields.
Technavio’s analysts forecast the global ocean safety first aid kit market to grow at a CAGR of 2.71% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ocean safety first aid kit market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ocean Safety First Aid Kit Market 2017-2021
Technavio recognizes the following companies as the key players in the global ocean safety first aid kit market: Fieldtex Products, Tender Corporation, Ocean Safety, and Acme United Corporation.
Other Prominent Vendors in the market are: Johnson & Johnson, MedAire, LALIZAS, Clayton First Aid, Medline Industries, Dynamic Safety USA, DC Safety, Orion Safety Products, and Honeywell.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising innovations in bandages. Bandages have been there in the market for a long time. However, vendors are introducing various kinds of bandages such as compression bandage, gauze bandage, triangular bandage, and tube bandage. A bandage is a key component of any first-aid kit, including ocean safety first-aid kit. Injuries such as cut and abrasion require bandages for treating wounds.”
According to the report, one driver in market is rising comprehensive safety regulations. Various authorities such as the United States Coast Guard and the Health and Safety Executive in the UK strongly recommend the use of first-aid kits in oceanic activities. During the vessel safety check, the supervisor is advised to examine all the specific marine safety equipment, which include first-aid safety kits along with other equipment. These safety checks have resulted in strong compliance in including safety first-aid kits for marine operations. In the US, all the safety first-aid kits in vessels should have the names and addresses of manufacturers, and the Coast Guard Approval number.
Further, the report states that one challenges in market is lack of restocking in existing first-aid kits. Restocking of components in ocean first-aid safety kits plays an integral role in efficient safety management during multi-day trips especially in offshore applications. First-aid kits are equipped in various marine vessels. These kits are used in rare instances. Some of the components such as bandages and antiseptic creams, that are commonly used may get over by time. It is important to do a regular check of first-aid items, as many users fail to replace items that have expired or restock the items that are over. Moreover, some items do not come with specific expiry dates. This can lead to failure to replace. First-aid kits in vessels are rarely used, which is why around 60% of the first-aid kits contain expired components. The items in the kits may also be affected by heat and other temperature fluctuations, if regional safety authorities do not approve them. Therefore, the lack of updated components and restocking is a challenge in the market.
Fieldtex Products, Tender Corporation, Ocean Safety, Acme United Corporation, Johnson & Johnson, MedAire, LALIZAS, Clayton First Aid, Medline Industries, Dynamic Safety USA, DC Safety, Orion Safety Products, and Honeywell.