Care Products market in Nicaragua
The Nicaraguan Care Products eCommerce market is predicted to reach US$60.1 million by 2023 and accounts for 8.2% of the total eCommerce market in Nicaragua. 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 4.1%, resulting in a projected market volume of US$70.5 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 Nicaragua
The Nicaraguan Other Pharmaceuticals eCommerce market is predicted to reach US$0.3 million by 2023 and accounts for 2.8% of the Pharmaceuticals eCommerce market in Nicaragua. 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 6.6%, resulting in a projected market volume of US$0.4 million by 2027. The Other Pharmaceuticals eCommerce market is a sub-market of the Pharmaceuticals market. Further categories within the Pharmaceuticals market are: OTC Drugs, and Prescription Drugs.
eCommerce revenue development in the Other Pharmaceuticals market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Other Pharmaceuticals market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 30.8 | 73.8 | 31.7 | 8.8 | 3.9 | 2.2 | 68.5 | 33.3 |
AOV (in US$) | 48.6 | 37.1 | 33.8 | 38.2 | 26.2 | 62.0 | 4.5 | 0.1 |
CVR (in %) | 30.8 | 73.8 | 31.7 | 8.8 | 3.9 | 2.2 | 68.5 | 33.3 |
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
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