Basic first aid is emergency aid offered to patients that sustain minor injuries. It comprises of adhesive bandages, gauzes and disinfectants. An adhesive bandage is a small dressing used for small cuts and wounds to protect them from microorganisms, damage and dirt, which in turn enables faster healing. Gauzes are transparent medicated fabrics with a loose open weave, and are used in wound care to protect wounds and cuts.
Disinfectants are chemical agents that usually sold in the form of sprays and wipes, and are applied to protect wounds from harmful microorganisms and are also used to disinfect inanimate objects.
As of 2014, basic first aid products accounted for less than 20% share of overall the wound care market in China.
The China first aid market accounted for US$ 266.5 Mn in 2014 and is projected to exhibit a CAGR of 6.3% during the forecast period
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Increasing healthcare reforms coupled with growing geriatric population in China are key driving factors for non-traditional wound care products in the country. Elderly population constituted 14% of overall population in China in 2014 and the number is expected to rise significantly in the near future.
First aid product manufacturers are making significant invests in innovative product packaging to make their products look more appealing to consumers. This is expected to boost overall sales revenue of first aid products in China. Expansion of organized retail and increasing healthcare coverage are the other key drivers of the China first aid market.
Moreover, availability of low cost labour, wide availability of raw materials, emphasis on domestic oriented sales generation and advanced technology infrastructure create a favourable environment for global players to invest in China.
China has over 14,200 hospitals at county level, thereby offering good market prospects for non-traditional first aid products manufacturers to penetrate into Tier 2 and Tier 3 cities through hospitals in the country.
Among retail sales channels, drugstores and pharmacies are key channels for sales of adhesive bandages. Sales of adhesive bandages through drugstores is anticipated to generate 1.3X higher revenue than that of other retail channels by 2020 end. Though modern trade accounts for miniscule share in the China first aid market, sales of adhesive bandages through convenience stores is projected to witness highest CAGR of 7.8% between 2014 and 2020.
Hospitals are key retail sales channel for gauzes, especially through those situated in Tier 3 cities in China. Sales of gauzes through drugstores, hospitals and pharmacies is estimated to generate 20.1X higher revenue than that through modern retail store channels by the end of 2015. Sales of gauzes through convenience stores is projected to register the highest CAGR of 6.9% during the forecast period.
Modern retail are highly preferred channels for sales of disinfectants. Hypermarkets and supermarkets account for over 60% share of sales revenue of disinfectants. Sales of disinfectants through convenience stores is projected to register a CAGR of 8.6% during the forecast period. Hypermarkets are expected to generate 1.6X higher revenue through sales of disinfectants by 2020 end as compared to that in 2014.
Expansion of modern trade at a significant rate is expected to change retails sales dynamics of first aid products in the near future. Also, online channels are expected to witness significant growth of 6.8% over the forecast period to generate 1.5X higher sales revenue by the end of 2020 as compared to that in 2014. Changing lifestyles and rising Internet penetration are key factors surging sales of first aid products through online retail channels in China.
Figure: China Adhesive Bandages Market Overview, By Retail Sales Channel, 2015E
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The first aid market is likely to record a CAGR of 6.3% through 2032.
The first aid market size is expected to be US$ 800.38 Mn by 2032.
The first aid market share is likely to grow over US$ 434.47 Mn in 2022.
Demand for first aid is high due to increasing healthcare reforms coupled with growing geriatric population.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Value-Added Insights 5. Market Background 6. China First Aid Market Demand Volume (Units) Analysis 2014 to 2021 and Forecast, 2022 to 2032 7. China First Aid Market - Pricing Assessment 8. China First Aid Market Demand (in Value or Size in USD Million) Analysis 2014 to 2021 and Forecast, 2022 to 2032 9. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By Product 9.1. Bandages 9.2. Gauzes 9.3. Disinfectants 10. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By Price 10.1. Low end bandage 10.2. High end bandage 11. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By Material 11.1. Plastic 11.2. Cloth 11.3. Paper 11.4. Foam 12. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By Purpose of Use 12.1. Special Bandage 12.2. Transdermal Bandage 12.3. Butterfly Stiches 13. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By Sales Channel 13.1. Hypermarket & Supermarket 13.2. Drugstore 13.3. Convenience Store 13.4. Pharmacy 13.5. Online Channels 13.6. Online Sites 14. China First Aid Market: Cross Sectional Analysis - Product Vs Price 15. China First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032, By City 15.1. Beijing 15.2. Guangzhou 15.3. Shenzhen 15.4. Chongqing 15.5. Tianjin 15.6. Xi'an 15.7. Chengdu 15.8. Wuhan 15.9. Zhengzhou 15.10. Changsha 15.11. Ningbo 15.12. Shanghai 15.13. Hangzhou 15.14. Suzhou 15.15. Wenzhou 15.16. Taizhou 15.17. Rest of China 16. Beijing First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 17. Guangzhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 18. Shenzhen First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 19. Chongqing First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 20. Tianjin First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 21. Xi’an First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 22. Chengdu First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 23. Wuhan First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 24. Zhengzhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 25. Changsha First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 26. Ningbo First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 27. Shanghai First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 28. Hangzhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 29. Suzhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 30. Wenzhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 31. Taizhou First Aid Market Analysis 2014 to 2021 and Forecast 2022 to 2032 32. Market Structure Analysis 33. Competition Analysis 33.1. International Players 33.1.1. Johnson & Johnson 33.1.2. 3M 33.1.3. Honeywell International Inc. 33.1.4. Medline Industries 33.1.5. Smith & Nephew 33.1.6. Cardinal Health 33.1.7. Philips Healthcare 33.1.8. Hartmann Group 33.1.9. First Aid Only (Acme United Corporation) 33.1.10. Cintas Corporation 33.1.11. Reckitt Benckiser 33.2. Local Players 33.2.1. Winner Medical Co., Ltd. 33.2.2. Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. (Yuwell) 33.2.3. Shanghai Pudong Jinhuan Medical Products Co., Ltd. 33.2.4. Zhende Medical Co., Ltd. 33.2.5. Beijing Xinfeng Medical Devices Co., Ltd. 33.2.6. Nanjing Angela Accessories Co., Ltd. 33.2.7. Ningbo Jiajie Medical Products Co., Ltd. 33.2.8. Guangzhou Yikang Medical Equipment Industrial Co., Ltd. 33.2.9. Tianjin Plastics Research Institute Co., Ltd. 33.2.10. Shenzhen Mindray Bio-Medical Electronics Co., Ltd. 33.2.11. Yunnan Baiyao 33.2.12. Beijing Hualian Group 34. Assumptions and Acronyms Used 35. Research Methodology
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