Gartner: Consumer 3D Printing More Than Five Years Away


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A report just out from Gartner says although 3D printing is rapidly gaining acceptance, widespread consumer use is more than five years away.

Gartner research vice president, Pete Basiliere said in a statement, "Consumer 3D printing is around five to 10 years away from mainstream adoption."

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Basiliere added, "Today, approximately 40 manufacturers sell the 3D printers most commonly used in businesses, and over 200 startups worldwide are developing and selling consumer-oriented 3D printers, priced from just a few hundred dollars. However, even this price is too high for mainstream consumers at this time, despite broad awareness of the technology and considerable media interest."

Related: 3D Printing Enters The Retail Space At Home Depot

Enterprise and Medical

More immediately, Gartner said, over the next two to five years, business and medical 3D printing applications will have the greatest impact, mostly due to the fact those sectors would have more compelling use cases in the short term.

Prototypes

One area of 3D printing that has shown itself to be useful to business is prototyping. Using 3D printing to create real life prototypes and models quickly and cheaply has been a mainstay of the industry since its inception.

"3D prototyping enables organizations to reduce or mitigate the risks associated with the design, form, and functionality of products in research and development programs,” Basiliere said.


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Medical

Likewise, the use of 3D printing technology in the making of medical devices including prosthetics and implants has shown great promise and has been getting attention.

Gartner said the two to five year time frame for growth in enterprise 3D printing also applies to the medical field.

For example, researchers at Louisiana Tech University have used consumer-grade 3D printers to fabricate custom medical implants that can deliver antibacterial drugs or even chemotherapy to patients.

Related: 5 Of The Coolest 3D Printing Prototypes In 2014

Consumer Price Not Low Enough

Despite the fact leading manufacturers and startups have been working to develop low-cost 3D printers for the anticipated consumer market, prices are still not low enough according to Gartner.

Stratasys (NASDAQ: SSYS) sells its MakerBot printers in several retail outlets including Microsoft (NASDAQ: MSFT) retail stores and select Home Depot (NYSE: HD) stores in a few states.

Home Depot lists the MakerBot mini for $1,375 and the Replicator Desktop model for $2,899.

The $1,299 3D Systems’ (NYSE: DDD) Cube is currently available at Staples (NASDAQ: SPLS) for $999.

At the time of this writing, Jim Probasco  had no position in any mentioned securities.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: News3D3D SystemsCubehome depotMakerbotMicrosoftReplicatorStaplesStratasys