In 1D the wave equation $$\frac{\partial^2 u}{\partial t^2} = c^2 \frac{\partial^2 u}{\partial r^2}$$ can be satisfied with a wave $$u(r,t) = f(r-ct).$$
In 3D the wave equation $$\frac{\partial^2 u}{\partial t^2} = c^2 \frac{1}{r^2}\frac{\partial}{\partial r}\biggl(r^2 \frac{\partial u}{\partial r}\biggr)$$ can be satisfied with a wave $$u(r,t) = \frac{1}{r}\,f(r-ct)$$ whose amplitude fades to comply with conservation of energy.
One might expect that in 2D the wave equation $$\frac{\partial^2 u}{\partial t^2} = c^2 \frac{1}{r}\frac{\partial}{\partial r}\biggl(r \frac{\partial u}{\partial r}\biggr)$$ could be satisfied with a wave $$u(r,t) = \frac{1}{\sqrt r}\,f(r-ct),$$ but that's not the case. What is the reason for it?