The 3D printing polymer material market for medical application in Europe is expected to grow from US$ 263.10 million in 2021 to US$ 611.02 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
The custom hearing aid market is being taken over by 3D printing. Custom fitted 3D printed hearing aids are modeled on each patient’s anatomy. There are various advantages of 3D printed hearing aids. 3D printed hearing aids ensure a higher degree of comfort for patients, lesser fit issues, and subsequent adjustments for audiologists. An accurate fit is necessary for designs worn all day inside the ear. Customized hearing aids provide a better fit and contribute to an improved auditory experience. Hearing aid manufacturers also can now produce hearing aids far faster than before. Instead of creating individual negative molds for each impression, these unique shells can be mass-produced via 3D printing, with multiple unique shells being printed on the same build plate. Also, these shells are printed more accurately than silicone molds. In addition, 3D printing also results in less material used to create each hearing aid. All these advantages offered by 3D printed hearing aids have increased the use of 3D printed hearing aids. The growing number of adults with hearing loss in different countries is leading to the increasing use of hearing aids. Further, 3D printed hearing aids market is driven by the increasing demand for customized 3D printing hearing aids. Therefore, the high demand for 3D printed hearing aids is driving the 3D printing polymer material market.
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With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the 3D printing polymer material market for medical application. The Europe 3D printing polymer material market for medical application is expected to grow at a good CAGR during the forecast period.
Europe 3D Printing Polymer Material Strategic Insights
Strategic insights for the Europe 3D Printing Polymer Material provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
ï‚· Arkema
ï‚· BASF SE
ï‚· Bionic Production GmbH
ï‚· Evonik Industries AG
ï‚· Formlabs
ï‚· Henkel AG & COMPANY, KGAA
ï‚· Orion Additive Manufacturing GmbH
ï‚· Roboze
ï‚· Solvay S.A.
ï‚· Stratasys Ltd.
Europe 3D Printing Polymer Material Regional Insights
The geographic scope of the Europe 3D Printing Polymer Material refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe 3D Printing Polymer Material Market for Medical Application Segmentation
The Europe 3D printing polymer material market for medical application is segmented based on material, application, and country. Based on material, the market is segmented into polyether ether ketone (PEEK), polymethylmethacrylate (PMMA), polylactic acid (PLA), and other material. The polyether ether ketone (PEEK) segment dominated the market in 2020 and is expected to be the fastest-growing segment during the forecast period. In terms of application, the market is broadly divided into dental and hearing aids. The dental segment dominated the market in 2020 and is expected to be the fastest-growing segment during the forecast period. Based on country, the Europe 3D printing polymer material market for medical application is classified into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
Arkema; BASF SE; Bionic Production GmbH; Evonik Industries AG; Formlabs; Henkel AG & COMPANY, KGAA; Orion Additive Manufacturing GmbH; Roboze; Solvay S.A.; and Stratasys Ltd. are among the leading companies in the Europe 3D printing polymer material market for medical application.
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Akshay
Senior Market Research Expert at Business Market Insights
