Care Products market in Singapore
The Singapore Care Products eCommerce market is predicted to reach US$755.1 million by 2024 and accounts for 7.8% of the total eCommerce market in Singapore. 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 12.1%, resulting in a projected market volume of US$1,192.3 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 OTC Drugs market in Singapore
The Singapore OTC Drugs eCommerce market is predicted to reach US$30.2 million by 2024 and accounts for 21.6% of the Pharmaceuticals eCommerce market in Singapore. 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 17.0%, resulting in a projected market volume of US$56.5 million by 2028. The OTC Drugs eCommerce market is a sub-market of the Pharmaceuticals market. Further categories within the Pharmaceuticals market are: Other Pharmaceuticals, and Prescription Drugs.
eCommerce revenue development in the OTC Drugs market in Singapore
eCommerce revenue growth in the OTC Drugs market in Singapore
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 76.0 | 52.6 | 38.9 | 89.6 | 83.4 | 18.7 | 30.7 | 88.0 |
Market definition
Definition of the OTC Drugs market within the Care Products market
Market definition: Care Products > Health Care > Pharmaceuticals > OTC Drugs The category OTC Drugs includes the online trade of over-the-counter (otc) pharmaceuticals (e.g. pain relievers, cold and flu remedies, allergy medications). This category does not cover perscription pharmaceuticals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Over-the-Counter (OTC) pharmaceuticals (e.g. pain relievers, cold and flu remedies, allergy medications)
Out-of-scope
- Perscription pharmaceuticals
Market comparison
The Singapore OTC Drugs market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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