South Africa Diabetic Foot Ulcer Treatment Market Size & Outlook
South Africa diabetic foot ulcer treatment market, 2018-2030 (US$M)
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South Africa diabetic foot ulcer treatment market highlights
- The South Africa diabetic foot ulcer treatment market generated a revenue of USD 68.2 million in 2023 and is expected to reach USD 88.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, biologics was the largest revenue generating treatment in 2023.
- Therapy Devices 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 68.2 million |
| Market revenue in 2030 | USD 88.5 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Biologics |
| Fastest growing segment | Therapy Devices |
| 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, South Africa accounted for 1.3% 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 Middle East & Africa, South Africa diabetic foot ulcer treatment market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 41.5 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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South Africa 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 36.51% in 2023. Horizon Databook has segmented the South Africa 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.
The MEA diabetic foot ulcer treatment market is expected to witness rapid growth due to increasing prevalence of diabetes, rapidly aging population, and growing demand for home-based treatment options. According to the International Diabetes Federation, the Middle East accounted for the second-highest deaths due to diabetes among patients below 60 years.
In addition, in 2021, IDF estimated that the current 24 million population with diabetes across the region is expected to increase by 134% by 2045. Despite significant factors driving the penetration of diabetic care devices, stringent regulatory framework and lack of proper reimbursement policies are anticipated to restrain the market growth.
The prevalence of diabetes is increasing mainly due to unhealthy lifestyle and risk factors like obesity, genetics, lack of proper awareness, and high cost of care. A sudden spike in the diabetic population was reported in the Middle East region. Studies suggest that Kuwait, Saudi Arabia, and Bahrain rank in the top 10 countries with the highest prevalence of diabetes in the world.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa diabetic foot ulcer treatment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa diabetic foot ulcer treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa diabetic foot ulcer treatment market size, by treatment, 2018-2030 (US$M)
South Africa Diabetic Foot Ulcer Treatment Market Outlook Share, 2023 & 2030 (US$M)
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