Care Products market in Montenegro
The Montenegrin Care Products eCommerce market is predicted to reach US$10.1 million by 2024 and accounts for 9.4% of the total eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.7%, resulting in a projected market volume of US$12.6 million by 2028. 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 Medical Products market in Montenegro
The Montenegrin Medical Products eCommerce market is predicted to reach US$0.9 million by 2024 and accounts for 21.0% of the Health Care eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.9%, resulting in a projected market volume of US$1.1 million by 2028. The Medical Products eCommerce market is a sub-market of the Health Care market. Further categories within the Health Care market are: Eye Care, Nutrition, Other Health Care, and Pharmaceuticals.
eCommerce revenue development in the Medical Products market in Montenegro
eCommerce revenue growth in the Medical Products market in Montenegro
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 24.3 | 34.5 | 60.4 | 54.8 | 94.9 | 2.1 | 23.4 | 54.3 | ||||
as of Health Care (in %) | 38.3 | 37.2 | 38.0 | 37.5 | 33.5 | 35.3 | 34.7 | 34.2 | 33.5 | 32.7 | 32.5 | 32.0 |
Market definition
Definition of the Medical Products market within the Care Products market
Market definition: Care Products > Health Care > Medical Products The category Medical Products includes the online trade of medical supplies (e.g. mobility aids, orthopedic supports) and family planning (e.g. contraceptives, fertility and ovulation tracking). This category does not cover pharmaceuticals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Medical supplies (e.g. mobility aids, orthopedic supports)
- Family planning (e.g. contraceptives, fertility and ovulation tracking)
Out-of-scope
- Pharmaceuticals
Market comparison
The Montenegrin Medical Products market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Other Medical Products *
- Health Teas *
- Other Nutrition *
- Other Pharmaceuticals *
- Other Health Care *
- Other Decorative Cosmetics *
- Feminine Hygiene *
- Handkerchiefs *
- Other Hygiene *
* Not available for the selected country