The global travel safety kits market is projected to witness substantial growth in the upcoming years, with an anticipated Compound Annual Growth Rate (CAGR) of 4.5 percent during the forecast period. In 2021, the market size was valued at USD 4174.1 million, and it is expected to experience a surge due to various factors.
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Travel safety kits are collections of essential travel necessities conveniently bundled together, including face masks, sanitizers, wipes, full-face protection equipment, and other medical safety measures. The rising awareness of the importance of exercising caution during travel, especially amidst a pandemic, is driving the demand for these safety kits. Additionally, the implementation of government safety standards is further boosting market demand.
Factors contributing to the growth of the global market for travel safety kits include an increase in the number of tourists, rising awareness of health and safety, growing disposable income, increasing travel demand, population growth, and expansion of the tourism sector. The COVID-19 outbreak has also had a positive impact on the market, as it led to a surge in demand for COVID-19 protection kits, especially from healthcare professionals and due to government regulations.
The rise in the number of fall-related injuries has resulted in an increased demand for first aid kits. According to the World Health Organization (WHO), falls are the second most common cause of unintentional and accidental injury deaths worldwide. Each year, there are approximately 37.3 million recorded cases of falls requiring medical attention. Consequently, the need for first aid kits to treat such injuries has become crucial.
Furthermore, the prevalence of burn cases is expected to increase globally, with low- and middle-income countries accounting for 96.00% of burn cases, as per the WHO. In India alone, more than 1,000,000 people suffer from mild to severe burns annually. Rapid medical care and first aid are essential for burn patients, as delays can lead to complications.
The market segment dominated by COVID-19 protection kits is expected to witness significant growth during the forecast period due to the increasing demand for face masks, PPE kits, and sanitizers. Additionally, the Asia Pacific region is projected to hold the largest market share, driven by the regions growing road accidents and increasing awareness of health-related consumer goods.
Despite the positive outlook, the market may face challenges due to the disruption in the global supply of personal protective equipment (PPE) caused by rising demand, panic buying, hoarding, and misuse.
Various companies in the market are continuously introducing new products to meet the increasing demand for travel safety kits. For instance, The Kare Lab introduced a new travel safety kit that includes a face shield and a bag for international and domestic travel.
Prominent players in the global 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.
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COMTEX_437787630/2840/2023-08-03T14:33:18