Healthcare costs continue to soar, increasing at a rate of 10% globally from 2022 to 2023, according to the 2023 Global Medical Trends Survey2023 Global Medical Trends Survey. Could bioprinting help bring down healthcare costs while also delivering personalized medical care? Some pundits say yes.
At its core, bioprinting enables the creation of patient-specific tissues and organs. As an example, Vital3D is a biotech company specializing in 3D bioprinting solutions and says this technology has the potential to bring changes to healthcare.
Here is how this can help in healthcare:
- Reduce medical expenses by offering a more streamlined and cost-effective approach to organ transplantation.
- Avoid the complexities involved in delivering organs from donors to recipients.
- Improve long-term patient care through biocompatibility, which matches the recipient’s physiology and immune system to enhance treatment.
Looking to the future, we will most likely see the rise of bioprinting, which could bring an end to the chronic shortage of transplantable organs. Of course, there are still obstacles. As with any new advancement, in the beginning, it will be more expensive than traditional transplants. But down the ride, it could see decreasing price tags to the point where one day it could be less than traditional donor transplants. This will certainly be a trend to keep an eye on in the future.