Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global First Aid Market Size, Share & Trends Analysis Report by Type (First Aid Room Equipment, Automated External Defibrillators, First Aid Training Products), End-use (Hospital & Clinics, Home & Offices), Region, and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global first aid market is expected to reach USD 6.34 billion by 2030, according to the report. The market is estimated to expand at a CAGR of 4.57% during the forecast period.
The rising number of accidents and injuries has led to an increase in product demand. According to the International Labour Organization, around 2.3 million people in the world succumb to work-related accidents every year. Due to the rising number of accidents, employers are required to provide adequate first aid supplies and training to their employees under occupational health and safety regulations. Several new & innovative mobile applications and online resources have been launched in the market, which makes it easier for individuals to access first aid information and training, allowing them to respond more effectively to medical emergencies. For instance, in September 2022, DrySee created a patented bandage that changes color when it is time to change, improving wound care. 
The color-changing feature helps users visually identify the moisture and determine when dressings and bandages need replacement. Furthermore, recently, researchers from the University of California, Los Angeles have developed a Smart Bandage that uses electrical stimulation to enhance the wound healing process and decrease the chances of infection. These types of advancements make first aid more accessible & effective for everyone and drive market growth. To ensure that people in remote areas have access to essential first aid products, innovative solutions, and partnerships will be necessary between healthcare providers, governments, and private sector organizations. Improving infrastructure and distribution channels for first aid supplies will be crucial in overcoming this challenge and ensuring that individuals receive the care they need, regardless of their location.
First Aid Market Report Highlights
- The first aid supplies - workplace segment dominated the market in 2023 by capturing a share of 26.65% owing to the growing number of injuries and accidents occurring at the workplace
- The sports care/braces segment is expected to grow at the fastest CAGR over the forecast period due to the growing awareness about the benefits of sports & fitness
- The hospital & clinics segment held the largest revenue share in 2023 due to factors, such as the high number of people visiting emergency departments
- The sports and recreation segment is expected to exhibit the fastest growth rate during the forecast period
- North America held the dominant revenue share of 44.77% in 2023 and is expected to continue its dominance over the forecast period due to the presence of a highly developed healthcare infrastructure & major global players and continuous strategic initiatives implemented by these players to maintain their market share
Key Attributes
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.64 Billion |
| Forecasted Market Value (USD) by 2030 | $6.34 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. First Aid Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing number of accidents & injuries
3.4.1.2. Growing awareness regarding first aid
3.4.1.3. Advancements in first aid products
3.4.2. Market restraint analysis
3.4.2.1. Limited knowledge among the general population
3.5. First Aid Market Analysis Tools
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
Chapter 4. First Aid Market: Type Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. First Aid Supplies - Workplace
4.1.2. First Aid Supplies - Consumer
4.1.3. First Aid Room Equipment
4.1.4. Sports Care/Braces
4.1.5. Medicinal Products
4.1.6. Topicals
4.1.7. First Aid Training products
4.1.8. Automated External Defibrillators
4.2. Type Market Share, 2023 & 2030
4.3. Segment Dashboard
4.4. First Aid Market by Type Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following:
4.5.1. First Aid Supplies - Workplace
4.5.2. First Aid Supplies - Consumer
4.5.3. First Aid Room Equipment
4.5.4. Sports Care/Braces
4.5.5. Medicinal Products
4.5.6. Topicals
4.5.7. First Aid Training Products
4.5.8. Automated External Defibrillators
Chapter 5. First Aid Market: End-use Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Hospital & Clinics
5.1.2. Home & Offices
5.1.3. Fire Department
5.1.4. Military
5.1.5. Sports & Recreation
5.1.6. Warehouse (Manufacturing)
5.1.7. Food Preparation
5.1.8. Others
5.2. End-use Market Share, 2023 & 2030
5.3. Segment Dashboard
5.4. First Aid Market by End-use Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following:
5.5.1. Hospital & Clinics
5.5.2. Home & Offices
5.5.3. Fire Department
5.5.4. Military
5.5.5. Sports & Recreation
5.5.6. Warehouse (Manufacturing)
5.5.7. Food Preparation
5.5.8. Others
Chapter 6. First Aid Market: Regional Estimates & Trend Analysis
6.1. Regional market share analysis, 2023 & 2030
6.2. Regional Market Dashboard
6.3. Global Regional Market Snapshot
6.4. Regional Market Share and Leading Players, 2023
6.5. Market Application, & Forecasts and Trend Analysis, 2018 to 2030:
6.6. North America
6.7. Europe
6.8. Asia Pacific
6.9. Latin America
6.10. MEA
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company/Competition Categorization
7.2.1. Innovators
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.3.2. Key customers
7.3.3. Key company market share analysis, 2023:
7.3.4. Coloplast Corp
7.3.5. 3M
7.3.6. PAUL HARTMANN AG
7.3.7. Johnson & Johnson Services, Inc.
7.3.8. Stryker
7.3.9. Smith & Nephew
7.3.10. Convatec
7.3.11. Molnlycke Health Care AB
For more information about this report visit https://www.researchandmarkets.com/r/aolzuo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
