3D Systems Capitalizing on the 3D Printing Market Potential?

3D printer is the new wave of innovation in additive manufacturing in healthcare. Employing 3D printing, one medical wearable startup tallied savings of more than $250,000 in one year. 90% of all hearing-aid shells today are produced through the process of additive manufacturing. Within healthcare, dental applications contain the most potential owing to more than 14,000 dental labs in the U.S. The market is driven by increasing applications of 3D printers in tissue and cell regeneration, implants for ear, hip and knee joints and bioprinting human livers and other organs, high degree of accuracy, efficient use of raw materials; ability to build customized products. It is an established manufacturing method in the formation of prototypes, medical models and dental products.

Technological advances in this industry are going on and it holds a huge market potential in coming years. New technologies are constantly being introduced into the market. The most recent ones being the prosthetic hands and transradial prosthetics.False teeth, replacement surgeries and hip replacements and prospective printable skin organs will promote the growth of the market. Dentistry is supposed to harness some of the most exciting breakthroughs on the technological forefront. Future prospects are based on the idea of experimental approaches with the potential of life changing repercussions.Future technologies include fibreglass wraps, prosthetics for leg amputees and a few others.

Companies are always on the look for new technologies to be introduced in the 3D healthcare printing market. There have been bunch o new products launched and several partnerships between organizations in a bid to capitalize on the booming 3D printing market in healthcare.Recently, a Silicon Valley startup, Carbon 3D developed a new technology that uses light and oxygen to print 3D objects at a rate of 25 to 100 times faster than currently used 3D technologies. Medical Innovation labs launched a world class 3D printing lab which builds prototypes for clinicians, researcher and entrepreneurs. 3D market leaders 3D Systems recently announced a partnership with National Institute of Health to aid in the development of 3D printing in the healthcare sector. 3D systems has also been very active in the market with the purchases of Simbionix, a company involved in 3D simulations platforms and Medical Modelling Inc. a 3D printing based organizations.They have also entered into a multi year partnership with UNYQ to ensure active investments in the 3D printing technologies to the prosthetics industries.These activities showcase the potential of the 3D printing market and its huge life changing potential it holds in the healthcare sector, and unsurprisingly, 3D Systems is ensuring they are capitalizing on the potential of the market and are very serious about their healthcare aspirations globally.

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