The medical field is constantly looking for new ways to innovate. While in other industries various technologies can be used to help companies earn more money, in the medical industry, technologies can be used to save lives. There are many new advancements that have driven the medical field forward. However, the most promising advancement, 3D printing, has shown massive potential. Also known as additive manufacturing, 3D printing is a recent technology that has allowed both hobbyists and manufacturers to produce parts both economically and swiftly.
3D printing is also useful in other fields such as the biomedical engineering space and could possibly disrupt the whole field.
Well, one of the most notable issues in the medical field are high costs. Typically, advanced technologies and treatments are expensive, which may hinder many individuals from obtaining the best medical care. This issue is particularly common in bionics and prosthetics, with data showing that in America, only 15% of amputees can meet the cost of a prosthesis.
This is where 3D printing comes in. Not only does additive manufacturing use less material than the conventional methods, it also much faster. This makes it easier to produce the same products for only a fraction of the cost. For instance, while a traditional prosthetic hand could cost thousands of dollars, a 3D-printed one may go for about $50.
The continuous advancement of technology ensures that these machines are able to print using different materials while printing even faster. Companies that produce prosthetics could manufacture artificial limbs that fit various desires and needs at a significantly lower cost. This would make it easier for amputees to access resources that help make their lives easier.
Additionally, additive manufacturing can also produce 3D-printed organs through a process known as bio printing. This procedure can be used to develop artificial organs that behave, feel and look like real organs, which may in its own way revolutionize the transplantation of organs.
Similar to conventionally produced prosthetics, conventional artificial organs can be costly. This leaves the only other option — human transplants, which involve long wait lists — with research showing that 17 individuals die daily while waiting for an organ transplant. Using bio printing to manufacture organs would not only be much faster but it would also save lives by decreasing the waiting time.
Another issue that affects conventional transplants is compatibility. While the success rates of body-organ-compatibility have improved immensely, 10-15% of patients who have had a transplant done may reject the organ. Bio printing replacement organs can be done using a patient’s own cells, which eliminates organ rejection by producing an organ that is a perfect genetic match.
Aside from 3D printing, many other biotech developments are being brought to market. For example, Imagin Medical Inc. (CSE: IME) (OTCQB: IMEXF) has introduced an advanced imaging system that is expected to make it easier for surgeons to see and remove cancerous cells from patients’ bodies.
NOTE TO INVESTORS: The latest news and updates relating to Imagin Medical Inc. (CSE: IME) (OTCQB: IMEXF) are available in the company’s newsroom at https://ibn.fm/IMEXF
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