News

3D Printing Likely to Face Loss of $100 billion per year in IP by 2018

Gartner predicts that by 2018, at least seven of the world’s top 10 multichannel retailers will be using 3D printing technology

According to Gartner Inc, the technology of 3D “bioprinting” (the medical application of 3D printing to produce living tissue and organs) is advancing so quickly that it will spark a major ethical debate on its use by 2016.

Gartner also stated that 3D printing of non-living medical devices such as prosthetic limbs, combined with a burgeoning population and insufficient levels of healthcare in emerging markets, is likely to cause an explosion in demand for the technology by 2015.

Pete Basiliere, research director, Gartner, said, “3D bioprinting facilities with the ability to print human organs and tissue will advance far faster than general understanding and acceptance of the ramifications of this technology. Already in August 2013, the Hangzhou Dianzi University in China announced it had invented the biomaterial 3D printer Regenovo, which printed a small working kidney that lasted four months. Earlier in 2013, a two-year-old child in the US received a windpipe built with her own stem cells.”

Gartner predicts that by 2018, at least seven of the world’s top 10 multichannel retailers will be using 3D printing technology to generate custom stock orders, at the same time as entirely new business models are built on the technology.

Gartner also predicts that by 2018, 3D printing will result in the loss of at least $100 billion per year in IP globally.

Miriam Burt, RVP, Gartner, said, “Some retailers are already selling 3D printers to consumers, and as they become more readily available, consumers could use them to ‘manufacture’ their own custom-designed products. We also expect to see 3D copying services and 3D printing bureaus emerge where customers bring 3D models to a retailer or provider and have increasingly high-end parts and designs printed, not just in plastics but in materials including ceramics, stainless steel, and cobalt and titanium alloys.”

Related posts

COAI announces its leadership for the year 2024-25 at AGM 2024

enterpriseitworld

Mercury Security collaborates with HID

enterpriseitworld

CFS ropes in new Global Head for IT

enterpriseitworld
x