Global Hearing Aids 3D Printing Devices Market 2019-2023
About this market
The technological advances in 3D printing hearing aid manufacturing are one of the key factors expected to propel the market growth during the forecast period. Several vendors in the market are exploring new 3D printing technologies such as cDLM and DLP to manufacture their products including hearing aids. Furthermore, they are also exploring other processes such as multi-jetting, which allows to 3D print hearing aids with a rigid interior channel for sound to bounce through the hearing canal, while the exterior is coated with soft, flexible material for a comfortable fit. This will lead the hearing aids 3D printing devices market to witness considerable growth in the upcoming years. Technavio’s analysts have predicted that the hearing aids 3D printing devices market will register a CAGR of over 18% by 2023.
Increased demand for customized 3D printing hearing aids
One of the growth drivers of the global hearing aids 3D printing devices market is the increased demand for customized 3D printing hearing aids. 3D printing technologies are also increasingly being used as a modeling guide for the creation of scaffold during ear reconstruction, which helps to reduce surgical time, increase precision and accuracy, and thereby improves patient outcomes in ear reconstruction procedures.
The high initial setup cost of hearing aids 3D printing facility
One of the challenges in the growth of the global hearing aids 3D printing devices market is the high initial setup cost of hearing aids 3D printing facility. The high capital cost of hearing aids 3D printing devices is restricting their wide adoption during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the hearing aids 3D printing devices market during 2019-2023, view our report.
The market appears to be moderately concentrated with the presence of a few market players. Several hearing aids manufacturers have switched from SLS 3D printers to SLM 3D printers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Hearing Aids 3D Printing Devices Market 2019-2023
Technavio recognizes the following companies as the key players in the global hearing aids 3D printing devices market: 3D Systems Inc., 3Shape AS, EnvisionTEC, Materialise, and Rapid Shape GmbH.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the ear reconstruction using 3D printing.”
According to the report, one of the major drivers for this market is the increasing demand for customized 3D printing hearing aids.
Further, the report states that one of the major factors hindering the growth of this market is the limitations of hearing aid 3D printing technologies.
3D Systems Inc.3Shape ASEnvisionTECMaterialiseRapid Shape GmbH
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