First Aid Kit Market 2019 Opportunities, Future Scope, Analysis by Key Players
Global First Aid Kit Market 2019-2025 Overview
The global first aid kit market size was valued at xx million in 2018 and estimated to address xx million by 2025. The average price of first aid kits has been steadily rising at an estimated annualized rate of xx% in 2018. The global first aid kit market is expected to grow at a CAGR of roughly xx% during the forecast period.
A first aid kit is a collection of supplies and equipment used to give medical treatment to cure pain. First aid is a major assistance given to a person suffering sudden injuries and illness. It mainly includes initial intervention in a serious condition prior to professional medical help being available in cases such as awaiting for an ambulance, treating minor injuries or applying a plaster.
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The first aid kit industry is supremely manufacturing the required items in the market, treating injuries caused during an incident and still, there is a lack of understanding surrounding its usage. Thus, making it more improved and friendly, the existing vendor in the first aid kit industry needs to provide training to workers and students, directing them with proper usage of the first aid kit.
The first aid kit market consists of a large number of providers. Due to the competitive market, the providers are aiming to provide maximum supplies implementing varieties of strategies in the business by offering a minimum dimension of the kit, fancy, sophisticated and convenient packaging has been seen in the market. Also, the vendors are providing specific first aid kits as sports, recreation, and emergency preparedness. The innovation in designing the kits is also taken up by the vendors.
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Previously in 2016, the commercial end-user segment accounted the maximum first aid kit market share. The increasing construction of commercial buildings in countries in the APAC and Africa will aid in the growth of the market in the coming years.
Significant uses of first aid kit:
Gives immediate aid before medical treatment:
First aid kid does not intend to cure injuries, or stable the medical condition. Rather, it is mainly applied as a basic treatment before any medical help arrives. Getting a first aid is the very first step to being prepared for a medical emergency.
Getting first aid keeps the chances away from infections. However, giving first treatment from open wounds to injuries can reduce the severity. Applying first aid can reduce the risk of infections, and keep you away from any liquid substance and insects.
Better when kids are around:
Kids generally get hurt and a first aid kit can come handy.
If the injury is as minimal as a small cut or a burn, then the first aid kit will save lot of your money rather than going to a clinic.
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Geographic analysis reports that the North America segment was one of a major revenue generator in 2016. The introduction of stringent worker safety regulations by various regulatory bodies such as OSHA and the rise in demand for medical kits from individual consumers for household applications and travel will fuel the growth of the first aid kit market in this region in the next four years.
Prominent vendors in the first aid kit market are Acme, Canadian Safety Supplies, Certified Safety Manufacturing, DC Safety, Cramer products, Dynamic Safety USA, Green Guard, Lifeline, Levitt-Safety, MedTree, Nothern Safety, Ready America, Steroplast Healthcare, Tender Coporation, Sterimed, HARTMANN, Lifeline, AdvaCare.
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