The manufacturing process known as additive manufacturing is also referred to as Hearing Devices 3D Printing Market . It involves turning a computer 3D model of a product into a physical one. It builds up a number of layers or pieces of a picture until the physical manifestation of it is created using a technique called layering.
Although 3D printing may seem cutting-edge and futuristic, it was really invented thirty years ago! It is helpful in a variety of industries, including the automotive, aerospace & defence, retail, and even the healthcare sector.
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One significant part of the latter is the 3D printing market for hearing instruments. China’s and the developed world’s ageing populations are driving up demand for hearing aids. Most mass-produced hearing aids are the same size.
Drivers of the 3D printing market
The market for 3D-printed hearing aids is mostly driven by automation, which is being rapidly embraced by all sectors of society. Manufacturers of medical equipment can now totally automate a process that was formerly manual and labor-intensive.
Another aspect is the desire for personalised hearing aids over batch-produced devices, which may be created to fit the size and shape of each patient’s ear. The use of 3D printing will guarantee that the hearing aids are more precise and have fewer flaws. Customers may even be able to print the gadgets themselves, greatly cutting the manufacturing time. At first, this was a very time-consuming operation that required numerous technicians and artists.
With the 3D printer, there are now just three processes required—scan, model, and print—and the procedure can be finished in less than two days. The need for 3D-printed hearing aids is anticipated to increase as a result of an ageing population in nations including the United States, the United Kingdom, Germany, China, and Japan.
According to the WHO, more than 5% of the world’s population has a hearing impairment, and approximately 15% of adults have some degree of hearing loss. Globally, it is anticipated that rising deafness rates due to industrialization, noise pollution, genetics, ear infections, or even birth defects will expand the reach of the 3D printing market for hearing equipment.
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Market restraints for 3D printing and hearing devices
Although the adoption of technology often reduces the cost of production in labor-intensive industries, opinions on how it will affect the market for 3D-printed hearing aids are divided.
This is especially crucial in a sector where prices have increased virtually annually for the past 20 years! While machines certainly help to lower labour costs and increase productivity, they also need significant capital investment from businesses. The cost of 3D hearing aid printers, which can vary from $20,000 to $200,000 per unit, presents a significant obstacle for companies that make medical equipment.
Key Market Players in the Hearing Devices 3D Printing Industry
There are several companies competing in the 3D printing industry for hearing aids, including 3D Systems GMBH, ASIGA, EnvisionTEC, Rapidshape GMBH, Phonax, and Materialise.
The study report provides a thorough analysis of the market and is filled with intelligent observations, information, historical facts, and market data that has been statistically backed and verified by the relevant industries. It also includes estimates made utilising the appropriate methodology and set of assumptions. Based on market segments including geographies, kinds, and applications, the research study offers analysis and information.
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