Australia Diabetic Foot Ulcer Treatment Market Size & Outlook
Australia diabetic foot ulcer treatment market, 2018-2030 (US$M)
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Australia diabetic foot ulcer treatment market highlights
- The Australia diabetic foot ulcer treatment market generated a revenue of USD 108.5 million in 2023 and is expected to reach USD 181.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, biologics was the largest revenue generating treatment in 2023.
- Biologics is the most lucrative treatment segment registering the fastest growth during the forecast period.
Diabetic foot ulcer treatment market data book summary
| Market revenue in 2023 | USD 108.5 million |
| Market revenue in 2030 | USD 181.9 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Biologics |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wound Care Dressings, Biologics, Therapy Devices, Antibiotic Medications |
| Key market players worldwide | ConvaTec Group PLC, 3M Co, Coloplast A/S ADR, Smith & Nephew PLC, Medtronic PLC |
Other key industry trends
- In terms of revenue, Australia accounted for 2.1% of the global diabetic foot ulcer treatment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China diabetic foot ulcer treatment market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 137.7 million by 2030.
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Diabetic Foot Ulcer Treatment Market Scope
Diabetic Foot Ulcer Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia diabetic foot ulcer treatment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diabetic foot ulcer treatment market will help companies and investors design strategic landscapes.
Biologics was the largest segment with a revenue share of 36.5% in 2023. Horizon Databook has segmented the Australia diabetic foot ulcer treatment market based on wound care dressings, biologics, therapy devices, antibiotic medications covering the revenue growth of each sub-segment from 2018 to 2030.
Australia depends majorly on the import of medical devices from countries including Japan and the U.S. The country’s medical device industry is governed by the TGA’s medical devices regulations. The market is mature and receptive toward new technologies resulting in faster adoption of advanced products.
This encourages major players to enter the Australian market, owing to which market growth is anticipated over the forecast period. Ongoing developments in medical technology, rising prevalence of diabetes disorders, aging population, growing income, and shifting consumer expectations are anticipated to boost the demand for medical applications, including diabetes devices, wound care dressings & devices, among all age groups.
Australians have one of the highest life expectancies in the world, ranking sixth among OECD nations. Rising investments by government organizations and market players in the country are expected to boost the demand for the raw materials required. Hence, several companies are launching innovative products and partnering with manufacturers to offer technologically advanced products.
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Our clientele includes a mix of diabetic foot ulcer treatment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia diabetic foot ulcer treatment market , including forecasts for subscribers. This country databook contains high-level insights into Australia diabetic foot ulcer treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia diabetic foot ulcer treatment market size, by treatment, 2018-2030 (US$M)
Australia Diabetic Foot Ulcer Treatment Market Outlook Share, 2023 & 2030 (US$M)
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