Travel Safety Kits Market: Overview
Travel Safety Kits' market size was USD 4174.1 million in 2021, and it is anticipated to increase at a CAGR of 4.5 percent over the course of the forecast period. A travel kit is a collection of potential travel necessities that are conveniently bundled together. Face masks, sanitizers, wipes, full-face protection equipment, and a range of medical safety measures are all included. Raising awareness of the need to exercise caution when traveling during a pandemic. Additional government safety standards are having a beneficial effect on market demand. It is anticipated that an increase in the number of tourists and rising awareness of health and safety will fuel the growth of the global market for travel safety kits. In addition, increasing disposable income, rising travel demand, population growth, and expansion of the tourism sector are key factors anticipated to drive growth in the global market for travel safety kits. Due to the increasing demand for travel safety kits, the start of the COVID-19 outbreak has also had a positive impact on the growth of the global market for travel safety kits. The demand for first aid kits has increased as cases of falls in residential and commercial settings rise. A person who slips and gets hurt must receive medical help immediately because failing to do so could result in blood clots and other complications that could kill them. According to data on falls released by the WHO, the second most common cause of unintentional and accidental injury deaths worldwide is falling.
Additionally, 37.3 million recorded occurrences of falls that require medical attention occur each year. Making your house safer and offering first aid instruction and training in workplaces and schools are two preventative techniques that different nations have chosen. It is anticipated that the prevalence of burn cases will increase globally. According to the WHO, low- and middle-income nations account for 96.00% of burn cases. Additionally, it stated that each year in India, more than 1,000,000 people suffer from mild to severe burns. Burn patients of the first and second degrees require rapid medical care and first aid since failure to do so risks spreading infections. More than 10,000 Americans lose their lives to burn-related diseases each year, according to the Centers for Disease Control and Prevention (CDC). First aid at home can be used to treat first- and second-degree burns before transporting the patient to a hospital or clinic, according to the CDC. Therefore, such variables are anticipated to fuel market expansion during the anticipated period.
Travel Safety Kits Market: COVID-19 Impact
Due to rising demand for COVID-19 protection kits from healthcare professionals and tight government rules governing COVID-19 protection kit use, there has been an unprecedented rise in travel safety kits. Due to a fall in coronavirus infections, a decrease in demand for COVID-19 protection kits is anticipated during the forecasted period. Due to the rise in demand for travel safety kits, the COVID-19 pandemic outbreak has had a favorable effect on the growth of the global market for travel safety kits.
Travel Safety Kits Market: Drivers
Increasing Travel After Lockdown to Drive Market Growth
As a preventative measure, people commonly use travel safety kits. First-aid kits and COVID-19 safety kits are a couple of examples of travel safety kits. First-aid kits typically come with various adhesive bandages, cotton swabs, aloe vera lotion, a first-aid manual, a face mask, hand sanitizer, and latex gloves. The number of people traveling has increased as more people travel for vacations and business trips. People are frequently encouraged by the globalization of business to travel abroad for business, and as a precaution, they always pack first aid kits. Additionally, the COVID-19 pandemic and its unfavorable effects have increased the need for travel safety kits, which spurs growth in the global travel safety kits market.
First Aid Kit Market is Anticipated to Develop As Government Regulations Regarding Health and Safety Become More Stringent
The size of the first aid kit market is anticipated to rise significantly due to government rules and regulations for workplace health and safety, boosting demand for first aid kits. Workplaces should have an adequate number of fully equipped first aid kits relative to the number of employees, first aid rooms, trained individuals to perform first aid activities, and making employees aware of first aid arrangements, according to data published by the Health and Safety Executive (HSE), U.K., in January 2019.
Travel Safety Kits Market: Restraints
Shortage of Safety Kit to Hamper Market Growth
The new coronavirus and other infectious diseases are putting lives at risk, according to the World Health Organization, which has issued a severe and mounting disruption to the global supply of personal protective equipment (PPE) warning. This disruption is caused by rising demand, panic buying, hoarding, and misuse. Healthcare professionals use personal protective equipment to keep themselves and their patients safe from infection and the spread of disease. Due to a lack of access to items including gloves, medical masks, respirators, goggles, face shields, gowns, and aprons, doctors, nurses, and other frontline workers are severely underprepared to care for COVID-19 patients.
Travel Safety Kits Market: Segment Overview
Covid 19 Protection Kit to Dominate Market due to Increasing Covid 19
Additionally, the COVID-19 pandemic and its unfavorable effects have increased the need for travel safety kits, which spurs growth in the global travel safety kits market. During the projection period, face masks, PPE kits, and sanitizers are expected to be severely restricted, while the travel and tourism industry is expected to grow quickly between lockdowns. Additionally, people are becoming more aware of the drawbacks of disregarding government and WHO regulations and not wearing face masks. As a result, more people are taking first-aid and COVID-19 safety kits. The travel safety kits market has grown significantly due to the COVID-19 outbreak. Doctors must protect themselves from fatal illnesses and provide treatment to patients, which increases the demand for safety supplies like hand sanitizers, face masks, and PPE kits. The COVID-19 outbreak has consequently accelerated the market for travel safety kits on a global scale.
With an Increase in Traffic Accidents, Hospitals Category Dominated Market
In the forecast period, the Hospitals segment held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period. Due to an increase in traffic accidents, a high rate of snakebites in some areas, and an increase in the number of serious fall injuries, hospitals held the largest market share of global revenue. For instance, according to the WHO, up to 2.7 million people experience envenoming from snake bites yearly, totaling more than 5.4 million cases. It further stated that between 81,000 and 138,000 snake bite deaths occur annually and that amputations and other lifelong impairments occur about three times as frequently.
Travel Safety Kits Market: Regional Landscape
Asia Pacific to Dominate market due to Growing Road Accidents
The Asia Pacific has a larger share. The demand for face masks, PPE kits, face shields, and sanitizers is expected to rise during the forecast period, and consumer awareness of health-related consumer goods is also expected to rise. Furthermore, adopting Western habits and a rise in disposable money will likely cause the regional market to grow. Additionally, the region's increasing accident rate will probably spur market expansion for travel safety kits. The need for first aid kits as a primary treatment has increased due to increased accidents in the area, boosting the worldwide first aid kit market. According to a study from the Ministry of Road Transport and Highways (MRTH), Government of India, there were 3,66,138 road accidents in total during the year 2020, which resulted in 1,31,714 fatalities and 3,48,279 injuries.
Additionally, it is anticipated that manufacturing a wide range of items, including cotton self-adhesive elastic bandages, multi-functional first aid kits, and office wall mount first aid boxes, would aid in expanding the first aid kit market in the Asia Pacific. A big customer base has also been drawn in by introducing new product variants with various colored packs or compartments due to changing consumer tastes and a growing trend toward pre-organized kits. Additionally, the development of the e-commerce sector has enhanced the availability and distribution of these goods, greatly boosting the market's growth. Smart first-aid kits are now being introduced due to numerous technological advancements and the industry's increasing digitalization, enabling untrained individuals to render first aid. This is also propelling the growth of the market.
Global Travel Safety Kits Market: Competitive Landscape
In May 2021, The Kare Lab introduced a new travel safety kit. One of the APAC region's top manufacturers and suppliers of medical protective equipment is The Kare Lab. These travel accessories include a face shield and a bag for international and domestic travel. The company's geographic and portfolio reach across Asia increased with this new launch. Moreover, in March 2020, A new hands-free, travel-safe gear was made available by Duty-Free Innovation (DFI). Customers who purchase these travel packs can increase their level of protection during a pandemic. It includes a shopping bag that can be attached to and transported with a suitcase, a facemask, sanitizing wipes, gloves, and other items. With this launch, the organization can meet demand and supply essentials for safety during a pandemic.
Few of the players in the Travel Safety Kits Market include Adventure Ready Brands, Cintas Corporation, Acme United Corporation, DC Safety Sales Co Inc, Green Guard First Aid and Safety, Levitt Safety Limited, Certified Safety Manufacturing Inc, MedTree, Lifeline First Aid LLC, and Steroplast Healthcare Limited.
Global Travel Safety Kits Market is Segmented as Below:
By Distribution Channel
Key Elements Included In The Study: Global Travel Safety Kits Market
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