3D Printing and Healthcare: An ETF for 2 Booming Themes

Following a banner 2020, the ARK 3D Printing ETF (CBOE: PRNT) is currently up 26% to

Following a banner 2020, the ARK 3D Printing ETF (CBOE: PRNT) is currently up 26% to start off 2021. A lot more upside could be on the way with the support of growing 3D printing desire in health care.

PRNT is the initial US-shown ETF focused to the 3D printing concept. The fund is one of two passively managed products and solutions from New York-based mostly Ark Investment Management. ARK believes 3D printing will revolutionize production by collapsing the time amongst structure and manufacturing, minimizing expenses, and enabling bigger layout complexity, accuracy, and customization than traditional producing.

The healthcare sector is just just one explanation for investors to contemplate PRNT this calendar year.

“Global healthcare 3D printing industry is registering a balanced CAGR of 19.22% in the forecast period of 2019-2026. This increase in the sector can be attributed to the amplified desire for distinct 3D printing, increasing apps for clinical treatment and authorities investments in 3D printing job,” according to Knowledge Bridge Market Analysis.

PRNT: 3D Printing in Health care

3D printing, one of the primary disruptive technologies, intersects with a range of industries. Its healthcare programs could bode well for PRNT’s extensive-time period trajectory. Additionally, 3D printing will perform an integral role in the fourth industrial revolution.

As it pertains to health care programs, 3D printing is rapidly evolving and that could have vast-ranging positive implications for PRNT. The phenomenon isn’t confined to the U.S.

“Europe health care 3D printing market is anticipated to obtain market place growth in the forecast period of 2020 to 2027. Knowledge Bridge Sector Investigation analyses the current market to account to USD 1.89 billion by 2027 rising at a healthful CAGR of 21.00% in the above-talked about forecast period. The development of this sector is owing to multiple things this kind of as improved desire for immediate 3D printers, expanding scientific use, and government 3D printing funding,” in accordance to the investigate firm.

Passively managed PRNT gives leverage to its namesake as its benchmark “is composed of equity securities and depositary receipts of trade-mentioned providers from the U.S., non-U.S. produced markets and Taiwan that are engaged in 3D printing-similar corporations within just the following business enterprise traces: (i) 3D printing hardware, (ii) laptop or computer-aided style (“CAD”) and 3D printing simulation software package, (iii) 3D printing facilities, (iv) scanning and measurement, and (v) 3D printing resources,” writes Ark Investment Management.

For far more on disruptive systems, take a look at our Disruptive Technologies Channel.

Browse a lot more on ETFtrends.com.

The sights and viewpoints expressed herein are the views and opinions of the creator and do not essentially replicate people of Nasdaq, Inc.