About Ocean Safety First Aid Kit
First aid is the facility of instantaneous or emergency treatment to a person with an injury or illness before the complete medical aid. By performing certain processes and following certain guidelines, it is possible to provide basic treatment to reduce the seriousness of an acute injury. Ocean safety first-aid kits consist of safety medication for the first-degree emergency treatment of injuries or casualties in marine operations fields.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading companies are focusing on strategic partnerships to improve their products and services. In addition, players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ocean Safety First Aid Kit market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fieldtex Products (United States), Tender Corporation (United States), Ocean Safety (United Kingdom), Acme United Corporation (United States), Johnson & Johnson (United States), Honeywell (United States), MedAire (United States), LALIZAS (Greece), Medline Industries (United States) and Orion Safety Products (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dynamic Safety USA (United States) and DC Safety (United States).
Segmentation Overview
AMA Research has segmented the market of Global Ocean Safety First Aid Kit market by Type (Medicine First Aid Kits, Lighting First Aid Kits and Other), Application (Offshore, Coastal and Inshore) and Region.
On the basis of Type, Medicine First Aid Kits are dominating the market in the year 2023 where as Lighting First Aid Kits stood as second largest market share.
On the basis of geography, the market of Ocean Safety First Aid Kit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Ocean Safety First Aid Kit market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developing Product Formats
Market Growth Drivers:
Growing Innovations in Bandages and Increasing Comprehensive Safety Regulations
Challenges:
Absence of Restocking In Existing First-Aid Kits
Restraints:
Lack of Awareness about Implementation of Tools
Opportunities:
Augmented Overfishing Resulting In Stringent Norms
Market Leaders and their expansionary development strategies
In June 2022, Acme United Corp. acquired the assets of Live Safely Products, LLC, a manufacturer of first aid kits. In 2021, the company generated USD 4.9 million in revenue and USD 1.2 million in EBITDA Such initiatives are expected to boost the market for first aid industry during the forecast period.
In February 2023, 3M introduced its novel medical adhesive for use with a variety of sensors, long-term medical wearables, and health monitors. This adhesive adheres to the skin for up to 28 days. This initiative was expected to expand the company’s product portfolio.
Key Target Audience
Leading companies are focusing on strategic partnerships to improve their products and services. In addition, players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.