Care Products market in Iceland

The Icelandic Care Products eCommerce market is predicted to reach US$82.6 million by 2023 and accounts for 9.0% of the total eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 7.6%, resulting in a projected market volume of US$110.9 million by 2027. Within the Care Products market ECDB considers the following three sub-markets: Personal Care, Health Care, and Household Care.

Market development

eCommerce revenue development in the Other Pharmaceuticals market in Iceland

The Icelandic Other Pharmaceuticals eCommerce market is predicted to reach US$0.2 million by 2023 and accounts for 1.6% of the Pharmaceuticals eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 9.1%, resulting in a projected market volume of US$0.3 million by 2027. The Other Pharmaceuticals eCommerce market is a sub-market of the Pharmaceuticals market. Further categories within the Pharmaceuticals market are: OTC Drugs, and Prescription Drugs.

eCommerce revenue development in the Other Pharmaceuticals market in Iceland

in million US$

eCommerce revenue growth in the Other Pharmaceuticals market in Iceland

in %

Net eCommerce revenue split by sub-category

in %
2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 42.0 89.4 17.9 36.7 10.1 1.2 16.2 9.7

Online share

eCommerce online share of the total Other Pharmaceuticals market in Iceland

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Icelandic Other Pharmaceuticals retail market, the online share is 11.2% and will increase by an average of 7.9% to 15.2% by 2027.

eCommerce online share of the total Other Pharmaceuticals market in Iceland

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 28.7% 90.5% 64.5% 4.3% 86.1% 19.0% 23.1% 1.7%

Market definition

Definition of the Other Pharmaceuticals market within the Care Products market

Market definition: Care Products > Health Care > Pharmaceuticals > Other Pharmaceuticals The category Other Pharmaceuticals includes the online trade of homeopathic remedies (e.g. arnica, nux vomica, chamomilla). This category does not cover perscription pharmaceuticals and otc pharmaceuticals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Homeopathic remedies (e.g. arnica, nux vomica, chamomilla)

Out-of-scope

  • Perscription pharmaceuticals
  • OTC pharmaceuticals