Three new business opportunities created by 3D printing |
Posted: April 12, 2018 |
For small business owners, entrepreneurs and investors, keeping up to date with technological developments is key in discovering new growth areas. 3D printing represents one such area, with this innovation a potential game changer for many industries. From medicine to construction, beauty and cosmetics, as 3D printing continues to develop, it is set to open up many new opportunities across numerous growth industries. Here are three new business opportunities to keep track of in 3D printing. 1. 3D bioprinting in healthcare A major development in the medical industry, by 2025, scientists will be able to 3D print human organs, using patients’ DNA and modified stem cells. Bioprinting will have a massive impact on healthcare, not least because it offers a solution to growing waiting lists for organ transplants, which is estimated to bethe leading cause of death in the US. There are plenty of investment opportunities in this industry, with bioprinting also being developed to create implants for broken bones, and to print skin grafts directly on the body. 3D printed organs can also be used for more ethical testing, without using animal or human test subjects. As this technology continues to develop, you can expect to see 3D bioprinting becoming a huge growth industry, with plenty of business opportunities emerging alongside this tech. 2. Makeup and cosmetic printing Beauty and cosmetics is a huge growth industry, and this is likely to continue, with the U.S beauty sector predicted to reach $90 million by 2020, a 45% growth in 10 years. 3D printing is likely to have a big part to play in this and any future growth, and this industry offers a host of potential digital marketing opportunities. 3D printers are being developed for makeup, with the MODA by Foreo one such product. Using MODA, users will be able to browse a library of makeup looks, which are then printed directly to your face in as little as 30 seconds. Another product, Soap01, uses soap scraps as cartridges to print customizable soap designs. While this product as at an early stage, from a marketing perspective, this type of tech has a big future due to its eco credentials as well as practical use. 3D printing is worth looking out for in the beauty and cosmetics market. 3. Engineering parts and prefabricated building The construction and engineering industries are most linked with 3D printing, as this technology represents a huge development in the way that buildings and products are designed and built. In terms of engineering, being able to print parts offers the potential for quick and efficient manufacturing and lightweight products. By 2020, for example, it is predicted that more than 100,000 airplane parts will be 3D printed. 3D printing is also likely to be a huge growth area in construction, particularly for prefabricated buildings. Being able to print the parts of a building on site leads to faster and cheaper construction, with Dubai aiming for 25% of its new buildings to be 3D printed by 2030. Across these markets, 3D printing represents innovation and opportunity, with various businesses likely to benefit from this technology.
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