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The hearing aids 3D printing devices market size is estimated to grow at a CAGR of 17.16% between 2022 and 2027. The market size is forecast to increase by USD 382.66 million. The growth of the market depends on several factors, including the rising number of hearing aids 3D printing devices for research, the rising cost efficiency and enhanced productivity, and the increasing adoption of 3D printing technology.
This hearing aids 3D printing devices market report extensively covers market segmentation by end-user (hospitals, clinics, and others), product (3D printing services, 3D printing materials, 3D printing hardware, and 3D printing software), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising number of hearing aid users are notably driving the market growth, although factors such as limitations of raw materials and 3D-printing techniques may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising number of hearing aids users is one of the major drivers impacting the hearing aids 3D printing devices market. The global population is aging, and hearing impairment is on the rise. This increases the need for hearing aids. Increasing noise pollution around the world is severely impacting people's hearing. Causes of hearing loss include genetic factors, noise pollution, trauma, aging, and bacterial infections. Heavy noise from heavy industry also impairs hearing in adults. The habit of exposing the eardrums to loud music is another factor that contributes to hearing loss in the younger generation.
Loud noise from excavation and demolition operations can cause hearing impairments among construction workers. People working in high-decibel environments, such as airports and defense establishments, are also expected to suffer from hearing loss due to excessive exposure to loud noises, which is expected to boost the demand for hearing aids, which will fuel the market growth during the forecast period.
The increasing usage of IoT-integrated devices is a hearing aids 3D printing devices market trend that is expected to have a positive impact in the coming years. The digitization of medical procedures has advanced significantly over the years with the aim of improving clinical workflows by incorporating technology. The industry is witnessing a shift from traditional dental care to digital dentistry and surgery. Direct digital manufacturing uses computer-controlled processes to develop physical objects directly from digital designs.
With advances in 3D printing, direct digital manufacturing is becoming a widely used technique compared with traditional manufacturing techniques. The global hearing aids 3D printing devices market is growing in demand for IoT-integrated devices. The growing popularity of smartphones has made it possible for users in all industries to choose devices that easily connect to their smartphones.
Limitations of raw materials and 3D-printing techniques are one of the major challenges impeding the hearing aids 3D printing devices market growth. There are some limitations associated with 3D printing technology. Currently, 3D printing can only be applied to structures that do not exceed a certain dimension and cannot make very large parts, such as the entire human body. Additionally, although technological advances have reduced the processing time for 3D printers, it can still take hours or even days, depending on the size and complexity of the model. Therefore, they can only be used in certain cases of operation. It is also not suitable for some emergencies, such as liver rupture. The accuracy of 3D printing depends on the underlying 2D /image data.
Therefore, 2D /image accuracy and processing techniques need to be improved to avoid aberrations in 3D-printed models. Additionally, some of his 3D printing techniques are associated with poor quality. For example, 3D printing technologies such as direct metal laser sintering (DMLS) and electron-beam melting (EBM) are manufactured to CAD model specifications but can have rough surfaces. Such factors will hinder the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Hearing Aids 3D Printing Devices Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3D Systems Corp.: The company offers 3D printing devices such as Figure 4 standalone, Figure 4 pro BLK 10 and Figure 4 rubber 65 k BLK.
The research report also includes detailed analyses of the competitive landscape of the market and information about 11 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hospitals segment will be significant during the forecast period. High-end hospitals and general government hospitals are the major types of end-users for the global hearing aids 3D printing devices market. High-end hospitals deploy the latest versions of diagnostic and therapeutic hearing aids 3D printing devices.
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The hospitals segment was valued at USD 155.09 million in 2017 and continued to grow until 2021. Government general hospitals serve the masses who depend on medical reimbursements and insurance. Sophisticated hearing aids 3D printing devices are generally not covered by medical reimbursements and insurance, which prevents many government hospitals from purchasing high-end hearing aids 3D printing devices. The rising demand for advanced /image-guided hearing aids 3D printing devices, and the growing focus of hospital authorities on improving the infrastructure in healthcare facilities to enhance patient care are the factors that are driving the demand for hearing aids 3D printing devices.
In addition, the increasing number of well-equipped healthcare facilities in developed as well as developing countries around the world to cater to the demand for treatment during emergency medical situations in the coming years will influence the demand for hearing aids 3D printing devices globally in the near future. This, in turn, is expected to boost the demand for hearing aids 3D printing devices in the hospital segment during the forecast period, thereby propelling the growth of the market in focus during the forecast period.
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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US is also the world's largest consumer of hearing aids 3D printing devices. The largest export markets for medical products from the US have traditionally been her EU countries and Japan.
The growth of the aging population in the region is one of the main factors driving the demand for hearing aid devices in the region. For example, according to data provided by the World Bank Group, the percentages of the population aged 65 and above in the United States and Canada were 17% and 18% of the total population in 2021, respectively. The growing aging population has increasing hearing-related diseases. Thus, it is expected to drive the growth of the hearing aids 3D printing device market in the region during the forecast period.
The COVID-19 pandemic had a negative impact on the demand for hearing aids and 3D printing devices in North America. This happened primarily because of the disruptions in the supply chain network for hearing aids 3D printing devices. This decreased the sales of medical devices, including hearing aids and 3D printing devices, in the region. However, due to the large-scale vaccinations, most clinics and hospitals reopened and resumed operations. As a result, the demand for hearing aids and 3D printing devices from North American commercial and public clinics increased significantly. Therefore, a rise in demand for hearing aids in the region is expected to propel the regional market growth during the forecast period.
The hearing aids 3D printing devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global hearing aids 3D printing devices market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Hearing Aids 3D Printing Devices Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.16% |
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Market growth 2023-2027 |
USD 382.66 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
16.41 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 43% |
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Key countries |
US, Germany, France, Japan, and China |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3D Systems Corp., 3Shape AS, Asiga, B9Creations LLC, Desktop Metal Inc., Eplus 3D, Materialise NV, Rapid Shape GmbH, Shining 3D Tech Co. Ltd., Sonova AG, Ultimaker BV, and Formlabs Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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