Key Factors Driving China's First Aid Market Growth

China First Aid Market Overview

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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Drivers & Trends

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.

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.

Analysis by Retail Sales Channel

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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Key Segment

By Product Type:

Bandages
Gauzes
Disinfectants

Frequently Asked Questions

What is the CAGR for the First Aid Market?

The first aid market is likely to record a CAGR of 6.3% through 2032.

How much First Aid Market Valuation can be Expected by 2032?

The first aid market size is expected to be US$ 800.38 Mn by 2032.

How much is the Growth Potential of the First Aid Market?

The first aid market share is likely to grow over US$ 434.47 Mn in 2022.

What Drives the Demand for First Aid?

Demand for first aid is high due to increasing healthcare reforms coupled with growing geriatric population.

Table of Content

1. Executive Summary
2. Research Methodology
3. Market Sizing Factors and Assumptions
4. Market Introduction
    4.1. Wound Care Market Segmentation
    4.2. Product Definition
5. China Attractiveness Factor
6. Primary Survey Analysis
7. China Market Evolution
8. China Market Dynamics
    8.1. Drivers
    8.2. Restraints
    8.3. Market Opportunities
    8.4. Impact Analysis
9. China Market Overview (2014-2020)
    9.1. Market Size and Forecast 
    9.2. Pricing Analysis
10. China Market Analysis, By Product Type (2014-2020)
    10.1. Bandages
    10.2. Gauzes
    10.3. Disinfectants
11. China Bandage market Analysis & Forecast, (2014-2020)
    11.1. Introduction
    11.2. China Bandage Market, By Price
        11.2.1. Low end bandage
        11.2.2. High end bandage
    11.3. Bandage Market, By Material Type (2014-2020)
        11.3.1. Plastic
        11.3.2. Cloth
        11.3.3. Paper
        11.3.4. Foam
    11.4. China Bandage Market, By Purpose of Use (2014-2020)
        11.4.1. Special Bandage
        11.4.2. Transdermal Bandage
        11.4.3. Butterfly Stiches
    11.5. China Adhesive Bandage Market Analysis, By Retail Sales Channel (2014-2020)
        11.5.1. Hypermarket & Supermarket
            11.5.1.1. Key Market Trends
            11.5.1.2. Market Size & Forecast
            11.5.1.3. Market Share
            11.5.1.4. Market Analysis by Major Cities
                11.5.1.4.1. Tier 1 Cities
                    11.5.1.4.1.1. Ningbo
                    11.5.1.4.1.2. Shanghai
                    11.5.1.4.1.3. Hangzhou
                    11.5.1.4.1.4. Others
                11.5.1.4.2. Tier 2 cities
                    11.5.1.4.2.1. Suzhou
                    11.5.1.4.2.2. Others
                11.5.1.4.3. Tier 3
                    11.5.1.4.3.1. Wenzhou
                    11.5.1.4.3.2. Taizhou
                    11.5.1.4.3.3. Others
        11.5.2. Drugstore
            11.5.2.1. Key Market Trends
            11.5.2.2. Market Size & Forecast
            11.5.2.3. Market Share
            11.5.2.4. Market Analysis by Major Cities
                11.5.2.4.1. Tier 1 Cities
                    11.5.2.4.1.1. Ningbo
                    11.5.2.4.1.2. Shanghai
                    11.5.2.4.1.3. Hangzhou
                    11.5.2.4.1.4. Others
                11.5.2.4.2. Tier 2 cities
                    11.5.2.4.2.1. Suzhou
                    11.5.2.4.2.2. Others
                11.5.2.4.3. Tier 3
                    11.5.2.4.3.1. Wenzhou
                    11.5.2.4.3.2. Taizhou
                    11.5.2.4.3.3. Others
        11.5.3. Convenience Store
            11.5.3.1. Key Market Trends
            11.5.3.2. Market Size & Forecast
            11.5.3.3. Market Share
            11.5.3.4. Market Analysis by Major Cities
                11.5.3.4.1. Tier 1 Cities
                    11.5.3.4.1.1. Ningbo
                    11.5.3.4.1.2. Shanghai
                    11.5.3.4.1.3. Hangzhou
                    11.5.3.4.1.4. Others
                11.5.3.4.2. Tier 2 cities
                    11.5.3.4.2.1. Suzhou
                    11.5.3.4.2.2. Others
                11.5.3.4.3. Tier 3
                    11.5.3.4.3.1. Wenzhou
                    11.5.3.4.3.2. Taizhou
                    11.5.3.4.3.3. Others
        11.5.4. Pharmacy
            11.5.4.1. Key Market Trends
            11.5.4.2. Market Size & Forecast
            11.5.4.3. Market Share
            11.5.4.4. Market Analysis by Major Cities
                11.5.4.4.1. Tier 1 Cities
                    11.5.4.4.1.1. Ningbo
                    11.5.4.4.1.2. Shanghai
                    11.5.4.4.1.3. Hangzhou
                    11.5.4.4.1.4. Others
                11.5.4.4.2. Tier 2 cities  
                    11.5.4.4.2.1. Suzhou
                    11.5.4.4.2.2. Others
                11.5.4.4.3. Tier 3
                    11.5.4.4.3.1. Wenzhou
                    11.5.4.4.3.2. Taizhou
                    11.5.4.4.3.3. Others
        11.5.5. Online Channels
            11.5.5.1. Online Stores
            11.5.5.2. Leading online stores in China
        11.5.6. Online sites
            11.5.6.1. Key Trends
            11.5.6.2. Leading online sites in China
    11.6. China Disinfectant Market, By Company Market Share
        11.6.1. Company A
        11.6.2. Company B
        11.6.3. Company C
    11.7. China Disinfectant Market Analysis, By Retail Sales Channel, (2014-2020)
        11.7.1. Hypermarket & Supermarket
            11.7.1.1. Key Market Trends
            11.7.1.2. Market Size & Forecast
            11.7.1.3. Market Share
            11.7.1.4. Market Analysis by Major Cities
                11.7.1.4.1. Tier 1 Cities
                    11.7.1.4.1.1. Ningbo
                    11.7.1.4.1.2. Shanghai
                    11.7.1.4.1.3. Hangzhou
                    11.7.1.4.1.4. Others
                11.7.1.4.2. Tier 2 cities
                    11.7.1.4.2.1. Suzhou
                    11.7.1.4.2.2. Others
                11.7.1.4.3. Tier 3
                    11.7.1.4.3.1. Wenzhou
                    11.7.1.4.3.2. Taizhou
                    11.7.1.4.3.3. Others
        11.7.2. Drugstore
            11.7.2.1. Key Market Trends
            11.7.2.2. Market Size & Forecast
            11.7.2.3. Market Share
            11.7.2.4. Market Analysis by Major Cities
                11.7.2.4.1. Tier 1 Cities
                    11.7.2.4.1.1. Ningbo
                    11.7.2.4.1.2. Shanghai
                    11.7.2.4.1.3. Hangzhou
                    11.7.2.4.1.4. Others
                11.7.2.4.2. Tier 2 cities
                    11.7.2.4.2.1. Suzhou
                    11.7.2.4.2.2. Others
                11.7.2.4.3. Tier 3
                    11.7.2.4.3.1. Wenzhou
                    11.7.2.4.3.2. Taizhou
                    11.7.2.4.3.3. Others
        11.7.3. Convenience Store
            11.7.3.1. Key Market Trends
            11.7.3.2. Market Size & Forecast
            11.7.3.3. Market Share
            11.7.3.4. Market Analysis by Major Cities
                11.7.3.4.1. Tier 1 Cities
                    11.7.3.4.1.1. Ningbo
                    11.7.3.4.1.2. Shanghai
                    11.7.3.4.1.3. Hangzhou
                    11.7.3.4.1.4. Others
                11.7.3.4.2. Tier 2 cities
                    11.7.3.4.2.1. Suzhou
                    11.7.3.4.2.2. Others
                11.7.3.4.3. Tier 3
                    11.7.3.4.3.1. Wenzhou
                    11.7.3.4.3.2. Taizhou
                    11.7.3.4.3.3. Others
        11.7.4. Pharmacy
            11.7.4.1. Key Market Trends
            11.7.4.2. Market Size & Forecast
            11.7.4.3. Market Share
            11.7.4.4. Market Analysis by Major Cities
                11.7.4.4.1. Tier 1 Cities
                    11.7.4.4.1.1. Ningbo
                    11.7.4.4.1.2. Shanghai
                    11.7.4.4.1.3. Hangzhou
                    11.7.4.4.1.4. Others
                11.7.4.4.2. Tier 2 cities
                    11.7.4.4.2.1. Suzhou
                    11.7.4.4.2.2. Others
                11.7.4.4.3. Tier 3
                    11.7.4.4.3.1. Wenzhou
                    11.7.4.4.3.2. Taizhou
                    11.7.4.4.3.3. Others
        11.7.5. Online Channels
            11.7.5.1. Online Stores
            11.7.5.2. Leading online stores in China
        11.7.6. Online sites
            11.7.6.1. Key Trends
            11.7.6.2. Leading online sites in China
    11.8. China Gauzes Market, By Price
        11.8.1. Low end Gauzes
        11.8.2. High End Gauzes
    11.9. China Gauzes Market, By Type
        11.9.1. Woven Gauzes
        11.9.2. Non - Woven Gauzes
    11.10. China Gauzes Market Analysis, By Retail Sales Channel (2014-2020)
        11.10.1. Hypermarket & Supermarket
            11.10.1.1. Key Market Trends
            11.10.1.2. Market Size & Forecast
            11.10.1.3. Market Share
            11.10.1.4. Market Analysis by Major Cities
                11.10.1.4.1. Tier 1 Cities
                    11.10.1.4.1.1. Ningbo
                    11.10.1.4.1.2. Shanghai
                    11.10.1.4.1.3. Hangzhou
                    11.10.1.4.1.4. Others
                11.10.1.4.2. Tier 2 cities
                    11.10.1.4.2.1. Suzhou
                    11.10.1.4.2.2. Others
                11.10.1.4.3. Tier 3
                    11.10.1.4.3.1. Wenzhou
                    11.10.1.4.3.2. Taizhou
                    11.10.1.4.3.3. Others
        11.10.2. Drugstore
            11.10.2.1. Key Market Trends
            11.10.2.2. Market Size & Forecast
            11.10.2.3. Market Share
            11.10.2.4. Market Analysis by Major Cities
                11.10.2.4.1. Tier 1 Cities
                    11.10.2.4.1.1. Ningbo
                    11.10.2.4.1.2. Shanghai
                    11.10.2.4.1.3. Hangzhou
                    11.10.2.4.1.4. Others
                11.10.2.4.2. Tier 2 cities
                    11.10.2.4.2.1. Suzhou
                    11.10.2.4.2.2. Others
                11.10.2.4.3. Tier 3
                    11.10.2.4.3.1. Wenzhou
                    11.10.2.4.3.2. Taizhou
                    11.10.2.4.3.3. Others
        11.10.3. Convenience Store
            11.10.3.1. Key Market Trends
            11.10.3.2. Market Size & Forecast
            11.10.3.3. Market Share
            11.10.3.4. Market Analysis by Major Cities
                11.10.3.4.1. Tier 1 Cities
                    11.10.3.4.1.1. Ningbo
                    11.10.3.4.1.2. Shanghai
                    11.10.3.4.1.3. Hangzhou
                    11.10.3.4.1.4. Others
                11.10.3.4.2. Tier 2 cities
                    11.10.3.4.2.1. Suzhou&a