Fertile territory of innovation in healthcare for 3D printing
The ARK 3D Printing ETF (CBOE: PRNT) is often overlooked in the ARK Investment Management stable of exchange-traded funds, but for tactical investors looking to focus on a specific disruptive growth concept, the fund is worth considering.
PRNT tracks the Total 3D-Printing Index and was one of the first ETFs to isolate a single disruptive theme. However, 3D printing intersects with a variety of other emerging growth concepts, indicating that PRNT is more than it looks. Look no further than healthcare innovation as an avenue that will support the growth of 3D printing in the years to come.
“New research from RCSI University of Medicine and Health Sciences suggests that effective wound healing may be facilitated by replicating a crucial component of our blood,” according to research conducted by RCSI University. âThe discovery, published in Advanced functional materials, was led by researchers from the Tissue Engineering Research Group (TERG) and the SFI AMBER Center based in the Department of Anatomy and Regenerative Medicine at RCSI.
Passively managed PRNT offers leverage to its namesake, as its benchmark index “is made up of equity securities and certificates of deposit of publicly traded companies in the United States, non-US developed markets and Taiwan which are engaged in activities related to 3D printing in the following lines: (i) 3D printing equipment, (ii) computer aided design (“CAD”) and 3D printing simulation software, (iii) centers 3D printing, (iv) scanning and measurement, and (v) 3D printing materials âaccording to Ark Investment Management.
This confirms that the ARK ETF, despite focusing on a single industry, has depth and breadth – relevant characteristics as they highlight the applications of 3D printing in a myriad of industries. This includes healthcare, where the applications of 3D printing are on the seemingly endless increase.
The results of the RCSI study “showed that the application of the 3D printed PRP implant helped accelerate wound healing by allowing efficient vascularization (i.e. the development of new blood vessels). and inhibiting fibrosis (scarring / thickening of tissue), both which are essential for effective wound healing, âaccording to the researchers.
Other corners of the healthcare space where 3D printing is making inroads include organ and dental implant donation, among others. As 3D printing continues to advance, production costs will decrease and efficiency gains will be realized, allowing for improved customization, which is relevant to the end healthcare market.
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The opinions and forecasts expressed herein are solely those of Tom Lydon and may not come to fruition. The information on this site should not be used or interpreted as an offer to sell, a solicitation of an offer to buy or a recommendation for any product.