Market Size
Global Market
The global first aid product market size is on the rise. The size of the global first aid kit market is about $6 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 7% to 8% between 2024 and 2030, and the market size may exceed the $10 billion mark in 2030. In 2023, the global first aid kit market sales reached $572 million, and it is expected to reach $785 million in 2030, with a compound annual growth rate (CAGR) of 4.7% (2024-2030).
China Market
The size of China's first aid kit market is also expanding year by year. In 2022, the size of China's first aid kit market was about RMB 363 million, and it is expected that by 2027, the size of China's household first aid kit market will grow to RMB 540 million. China is also a major exporter of first aid kits, and its products are exported to Europe, North America, Southeast Asia, the Middle East and other regions.
Market Driving Factors
Demographic Factors
The global population is aging, the physical function of the elderly is declining, and they are more likely to suffer from various diseases, which increases the demand for first aid products. At the same time, with the growth of the global population, the base number of various accidents and sudden diseases is also rising, which further promotes the development of the first aid product market.
Increasing Health Awareness
People's attention to health and safety is increasing. More and more people are willing to equip themselves with first aid products at home, in the car, and when traveling to prepare for emergencies. The demand for home first aid kits and car first aid kits is increasing.
Policy Support
The government's attention and investment in the medical and health field are increasing. For example, it vigorously promotes the popularization of AEDs and introduces relevant policies to regulate the development of the first aid product industry, which promotes the standardization and standardization of the first aid product market and promotes the growth of the market.
Frequent Emergencies
The occurrence of natural disasters such as earthquakes and floods and emergencies such as public health events has made people aware of the importance of first aid products. When disasters occur, first aid kits, first aid medicines, AEDs and other first aid products can provide help to the injured at the first time and reduce casualties, which also stimulates the growth of the first aid product market demand.
The Rise of Outdoor Activities
As people's living standards improve, more and more people participate in outdoor activities such as mountaineering, hiking, and camping. The demand for outdoor first aid products has increased significantly, such as portable first aid kits, tourniquets, fracture fixators, etc.
