FMI Now Available Global Hearing Devices 3D Printing M | Page 5

Hearing Devices 3D Printing Market

which took several technicians and artists around a week’ s time. Now there are just three steps involved with the 3D printer – scan, model & print and the process can be completed in less than two days. An ageing population in countries like the U. S., U. K, Germany, China and Japan are expected to spur demand for the hearing devices 3D printing market. The WHO estimates that more than 5 % of the global population suffers from a hearing impediment & nearly 15 % of the adult population is affected by some form of hearing loss. Increasing incidents of deafness on account of industrialisation, noise pollution, genetics, ear infections or even birth defects are all expected to boost the scope of the hearing devices 3D printing market globally.
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While the introduction of technology in any labour-intensive industry typically drives down the overall manufacturing cost, the opinion is mixed on its impact in the hearing devices 3D printing market. This is particularly important in an industry which has seen a price rise almost annually for the last 20 years! While machines do help in reducing labour costs & improving efficiency, they also require heavy capital investment from companies. 3D hearing device printers range from anywhere between $ 20,000 to $ 200,000 dollars per unit, posing a major challenge to medical equipment manufacturers.
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