The First Aid Kit Market is being driven by Demand from sports industry
The First Aid Kit Market is expected to grow at a CAGR of 4.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 130.2 million. In the first aid market, there exists a demand for specialized first aid kits beyond the standard components of treating common injuries. For instance, outdoor enthusiasts, such as night campers, may require additional items like insect bite or snake bite medication, which are not typically included in general first aid kits. To cater to this niche market, vendors are offering specialized first aid kits tailored to specific applications. This trend is anticipated to significantly drive market growth.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
192 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2025-2029 |
USD 130.2 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.1 |
Key countries |
China, US, India, Germany, UK, Canada, South Korea, France, Japan, Italy, China, US, India, Germany, UK, Canada, South Korea, France, Japan, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The First Aid Kit Market encompasses various products such as trauma kits and survival kits, supplying essential medical supplies for emergency response situations. Personal safety is prioritized through first aid training for individuals and emergency medical technicians. Safety regulations and product compliance are strictly adhered to, ensuring biohazard waste management and infection control. First aid guides, manuals, apps, and online resources provide valuable information, while product reviews, customer testimonials, emergency contact information, protocols, and incident response plans facilitate effective incident management and hazard identification.
The global healthcare supplies market encompasses businesses and innovations focused on the research and development of diverse product categories within medical consumables, including wound care solutions for bleeding control, first aid kits, and emergency preparedness supplies. According to Technavio, market size is determined by the consolidated revenue generated by manufacturers of medical supplies such as syringes, drapes, gloves, and gowns. Market expansion will be fueled by demographic shifts, with the global population aged 60 and above projected to rise significantly. By 2050, approximately one-quarter of the US population and Europe's population by 2030 are expected to reach this age bracket. This demographic trend, coupled with the growing importance of CPR training and emergency preparedness, will drive market growth in the healthcare supplies sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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