South Korea Diabetic Foot Ulcer Treatment Market Size & Outlook
South Korea diabetic foot ulcer treatment market, 2018-2030 (US$M)
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South Korea diabetic foot ulcer treatment market highlights
- The South Korea diabetic foot ulcer treatment market generated a revenue of USD 79.7 million in 2023 and is expected to reach USD 137.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.1% 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 79.7 million |
| Market revenue in 2030 | USD 137.7 million |
| Growth rate | 8.1% (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, South Korea accounted for 1.5% 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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South Korea 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 Korea 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.
Increasing geriatric population and growing incidence of diabetes in South Korea are major market drivers. For instance, according to the report by Statistics Korea, the number of people aged 65 years and older was 8.53 million in 2021.
Furthermore, increasing healthcare expenditure and favorable government policies for product approval have encouraged several major players to enter this market. Moreover, the growing elderly population is expected to drive the diabetic foot ulcer treatment market further. For instance, as per Korea Herald, around 16.5% of the country’s population is likely to be aged over 65 years.
As elder people are more susceptible to diabetes and foot ulcers & wounds, the South Korea diabetic foot ulcer treatment market is expected to grow considerably over the forecast period. To fulfill the regional and global demand for wound dressings, South Korea is considering all the essential steps to support the country’s major market players.
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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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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 South Korea diabetic foot ulcer treatment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea diabetic foot ulcer treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea diabetic foot ulcer treatment market size, by treatment, 2018-2030 (US$M)
South Korea Diabetic Foot Ulcer Treatment Market Outlook Share, 2023 & 2030 (US$M)
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