Global First Aid Kit Market Analysis Highlights the Impact of COVID-19 2020–2024 | Rise in the Number of Occupational Injuries to Boost Market Growth | Technavio

Technavio has been monitoring the global first aid kit market size and it is poised to grow by USD 15.74 million during 2020–2024, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What was the size of the first aid kit market in 2019?
  A. As per Technavio, the global market size was USD 95.41 million in 2019 and is poised to reach USD 111.15 million by 2024.
• Based on segmentation by end-user, which segment led the market in 2019?
  A. Commercial end-user was the leading segment in 2019 with the highest market share.
• What is the key factor driving the market?
  A. The rise in the number of occupational injuries will drive the growth of the market during the forecast period.
• At what rate is the market projected to grow?
  A. The market is expected to grow at a CAGR of over 3% during the forecast period.
• Who are the top players in the market?
  A. 3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson & Johnson, and Paul Hartmann AG are some of the major market participants.
• Which region is expected to hold the highest market share?
  A. North America

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Acme United Corp., Certified Safety Manufacturing Inc., Cintas Corp., Cramer Products Inc., DC Safety, Fieldtex Products Inc., Honeywell International Inc., Johnson & Johnson, and Paul Hartmann AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rise in the number of occupational injuries has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

First Aid Kit Market 2020–2024: Segmentation

First Aid Kit Market is segmented as below:

• Geographic Landscape
• End-user
• North America
• Asia
• Europe
• ROW
• Commercial
• Industrial
• Individual

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43073

First Aid Kit Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The first aid kit market report covers the following areas:

• First Aid Kit Market Size
• First Aid Kit Market Trends
• First Aid Kit Market Industry Analysis

This study identifies the increasing use of innovative packaging with various colored compartments in kits as one of the prime reasons driving the market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.