The economic growth of any nation lies in their ability to make the most of available resources. In times past, most top nations relied heavily on natural resources for their economic growth. The evolution of technology has turned this trend as countries now focus on the positive impact of innovations on their economy.
One of such innovations is the use of 3D technology printers in creating solid models. As surreal as this sounds, it is a pointer to future trends. The technology behind this innovation is futuristic, yet commendable. However, many economies are yet to take advantage of this goldmine fully. This article takes a look at a few ways the 3D printing technology can positively boost the economy of any country.
Manufacturing is enhanced
No economy can survive without a vibrant manufacturing industry, and this goes a long way to show its importance. Manufacturing entails the production of goods either by hand or via the use of machines. It is no gainsaying that most products are assembled after several tools must have been used in the creation of aggregate parts. However, the use of 3D printing technology can completely streamline this process as there won’t be a need for aggregate parts; what this implies is that 3D printers can construct the full product. This is likely to go a long way in reducing production costs as well as manpower needed for production. Furthermore, the time-frame for production is reduced to the barest minimum via 3D printing as there’s going to be a surge in on-demand products.
Medical procedures become seamless
Most of the equipment used in the medical fields can easily be created using 3D printing technology. Equipment such as surgical tools and even prosthetic parts can be printed in real-time. The use of this technology in the medical field will drastically reduce the cost of producing this equipment and this will impact the economy positively
High Demand for printing materials
3D printers do not function on their own as there as specific mechanisms put in place to ensure smooth production. 3D printers make use of a form of ‘ink’ called filaments and these filaments are responsible for the success recorded in printing 3D objects. Printers such as the ABS 3D printer make use of a filament called Acrylonitrile Butadiene Styrene (ABS); this type of filament is especially popular due to its resistance to high temperature and impact. The supply of these printing materials provides multiple job opportunities, and this helps the economy in no small way.
Sharing of physical objects
Gone are the days when you have to worry about shipping substantial items to faraway countries; the use of 3D printers makes it possible to boycott this entire process. This technology makes it possible to design the object on your computer and share it to any part of the world for printing.
It’s no gainsaying that the positive impacts of 3D printing technology can be advantageous to any country’s economy. However, many people are yet to fully take advantage of these benefits due to the unavailability of adequate information. This article highlights the possible ways this innovation can aid the economy in the long-term. How 3D printing technology contributes to the economy.