Monday, October 9, 2017

3D Printing and the Healthcare Industry


A British Dad, Ben Ryan was inspired when he Doctors told him his son wouldn't be able to have an arm till the age of 1. It inspired him to explore the technology of 3D printing and take matters into his own hands. This begs the question if this technology is currently being implemented by a Dad at home, what does the future hold for 3D printing?


The projections for 3D printing industry are projected to triple by 2021 (Statista). This is interesting because currently 3D printing is being under utilize in the Healthcare Industry. As of 2016, the Healthcare industry is the 5th leading sector in the additive manufacturing. As technology advances it could become similar to the smart phone industry we all grew up in.

I'm curious, what are your thoughts on 3D printing? What sector do you think will be the top player and specifically, which companies will dominate this space?

Happy Monday,

Ronnie


5 comments:

  1. Ronnie,

    This was a very interesting article. I know traditionally that 3D was used for manufacturing purposes to create models of potential future ideas. Within healthcare, that has changed dramatically over the last years. By the end of next year, the market for 3D printing in healthcare is expected to be $4 Billion dollars. They are using this for ways to create bioprinting of structures of things such as cells, human tissue, layer by layer, etc.

    I believe that 3D printing in the healthcare industry will only be growing from here. The investment towards an industry such as this will only be beneficial in my opinion.

    Happy Monday!

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  2. Hi Ken and Ronnie,

    3D printing is such an interesting topic. It is a resource and tool that can be applicable for many industries even outside of healthcare. A market research report predicted that the 3D printing market will be worth $32.78 billion USD by the year 2023. The reasoning behind the exponential growth lies in the assumption that desktop 3D printers will decrease in cost as it becomes more common and will be utilized by both individuals and professionals.

    There's a multitude of industries that the 3D print can be utilized efficiently, from biomedical to construction tothe aerospace and defense industry. In fact, they held the biggest share of the 3D printing market in 2016, so I wonder if they will still remain the largest prescence in the years to come.

    Overall, this is such an interesting topic because I remember when 3D printing was just a far away concept, and now there's talks about it being a potential commerical product. It just goes to show how quickly society and technology is evolving!

    Happy Monday!

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  3. Hi all!

    Yes, I was recently talking to my family over Thanksgiving about how 3D printing is definitely creating disruption in industries such as healthcare, automotive, aerospace, and defense. Within the healthcare industry specifically, the ultimate list includes customized medical equipment, organs such as blood vessels, bones, synthetic skin, etc. that has the potential to save lives and provide relief to those in need in a much faster and effective manner. I've heard about the printing of prosthetic organs a lot but it'll be interesting to see how 3D printing could change transplants and what other industries it could make its way into.

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  4. Ronnie,

    I think 3D printing is really cool! My boss at work recently purchased a 3D printer and drew a cat today. It was very slow but still very cool to look at. In regards to industries, I think it can impact all industries since it can cut down a lot of costs and time being able to print many different products or tools that are needed. Great post!

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  5. This is really cool to see a dad do this for his son and very heartwarming. If a dad can do it at home that means the technology is finally more available. I think the only holdup for it to become more popular is the technological divide and costs. Most people don't know the fundamentals of 3D printing, including me. The other factor of cost has slowly been decreasing in the past years, so luckily with more time it can become more mainstream. It was cool seeing him use a kinect to do it all, but not everyone has these means yet to invent with. I think the next industry to change will be manufacturing. When every home has a 3D printer that can print small/simple objects for around the house. Repairs/tools/custom parts ect.

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