The striker has been sidelined for the Tractor Boys since he sustained knee ligament damage in February's 0-0 draw with Blackpool and is expected to be out until April.
McGoldrick had made 31 Sky Bet Championship appearances prior to picking up the injury and he remains Town's top scorer this season with 16 goals in all competitions.
The 26-year-old is now setting his sights on a full recovery after being told that he does not require surgery.
"It's getting there, I have been on crutches since the game and it's been a bit horrible but you can't do much about it," McGoldrick told Ipswich's official website.
"I have just been sitting about, chilling, although I can do a bit of gym work, but I have got to let it heal.
"I knew when I did it, straight away my knee locked up and I felt something go. It stiffened up and I couldn't walk.
"I had done my medial before so I knew the feeling and when the physio (Matt Byard) came on the pitch I told him that's what I thought it was.
"The next thing I knew I was in London, going down there to have surgery. The surgeon had a look and told me it didn't require surgery and that was a big plus for me.
"It's (injury) part and parcel of football and you have got to be aware that these things are going to happen, you are not going to be injury-free all the career.
"It came at a bad time for me personally, I was as confident as I had ever been, but I still have my family and I am still supporting the boys and I have got to take the positives out of it."
Ipswich have won one and lost one of their two games in McGoldrick's absence, but they remain in the hunt for a play-off spot, sitting just four points outside the top six.
He said: "It's a bit frustrating watching the scores come in on a Saturday and you're wanting to be out there with the boys.
"People have said that I'm pretty much ruled out for the season now, but I see that as a challenge to get back before then.
"I want to come back before the season ends and I want to play my part. I'm desperate for the boys to stay in and around those Play-Off places and that will drive me on to get back even more.
"I'll be doing as much as I can to get back, whether that be doing double rehab sessions every day or whatever it takes, I just want to get back and help the lads out.
"They might not need me, as we've still got four great strikers at the club. But I'm desperate to get back and help out with the play-off push."