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.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 Market for Medical Application Revenue and Forecast to 2028 (US$ Million)
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.