Thailand Diabetic Foot Ulcer Treatment Market Size & Outlook
Thailand diabetic foot ulcer treatment market, 2018-2030 (US$M)
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Thailand diabetic foot ulcer treatment market highlights
- The Thailand diabetic foot ulcer treatment market generated a revenue of USD 90.0 million in 2023 and is expected to reach USD 142.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.8% 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 90.0 million |
| Market revenue in 2030 | USD 142.9 million |
| Growth rate | 6.8% (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, Thailand accounted for 1.7% 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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Thailand 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 36.44% in 2023. Horizon Databook has segmented the Thailand 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.
Rising incidence of diabetes and related injuries are major driving factors for the market. For instance, as per International Diabetes Federation in 2019, the prevalence of diabetes in adults was around 8.3% in Thailand in 2017.
Increasing healthcare expenditure in Thailand may also encourage major market players to enter the market, which is expected to grow significantly over the forecast period. The domestic consumption of medical devices is high in Thailand.
This is due to the growth of medical services. Advanced wound care products, such as wound dressings, are imported. Moreover, market players operating in Thailand are entering into agreements, such as acquisition of assets and product launches. For instance, in June 2022, Selic Corp Public Company Limited agreed to buy the rights to Neoplast & Neoburn and related assets from 3M.
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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 Thailand diabetic foot ulcer treatment market , including forecasts for subscribers. This country databook contains high-level insights into Thailand diabetic foot ulcer treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand diabetic foot ulcer treatment market size, by treatment, 2018-2030 (US$M)
Thailand Diabetic Foot Ulcer Treatment Market Outlook Share, 2023 & 2030 (US$M)
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