Care Products market in Mongolia
The Mongolian Care Products eCommerce market is predicted to reach US$28.1 million by 2023 and accounts for 8.2% of the total eCommerce market in Mongolia. 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 3.8%, resulting in a projected market volume of US$32.6 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 Pharmaceuticals market in Mongolia
The Mongolian Pharmaceuticals eCommerce market is predicted to reach US$4.5 million by 2023 and accounts for 43.7% of the Health Care eCommerce market in Mongolia. 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 8.5%, resulting in a projected market volume of US$6.3 million by 2027. The Pharmaceuticals eCommerce market is a sub-market of the Health Care market. Further categories within the Health Care market are: Eye Care, Medical Products, Nutrition, and Other Health Care.
eCommerce revenue development in the Pharmaceuticals market in Mongolia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Pharmaceuticals market in Mongolia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
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Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 19.6 | 14.1 | 1.4 | 37.4 | 9.5 | 96.3 | 33.6 | 37.0 |
AOV (in US$) | 0.4 | 0.9 | 0.1 | 0.7 | 0.6 | 0.6 | 0.9 | 1.0 |
CVR (in %) | 58.8 | 59.2 | 72.6 | 33.0 | 78.2 | 14.4 | 3.6 | 3.1 |
Market definition
Definition of the Pharmaceuticals market within the Care Products market
Market definition: Care Products > Health Care > Pharmaceuticals The category Pharmaceuticals includes the online trade of perscription pharmaceuticals and otc pharmaceuticals. This category does not cover medical supplies and medical consultations and health assessments. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Perscription pharmaceuticals
- OTC pharmaceuticals
Out-of-scope
- Medical supplies
- Medical consultations and health assessments
Select sub-category
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- Other Medical Products *
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- Health Teas *
- Other Nutrition *
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- Other Pharmaceuticals *
- Other Health Care *
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- Other Decorative Cosmetics *
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- Handkerchiefs *
- Other Hygiene *
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* Not available for the selected country