This report discusses the applications, advantages and disadvantages of 3D printing technology in manufacturing and medical industries. It also covers the ethical, social and legal point of view of the technology. The report aims to evaluate the technology related to 3D printing process, check its various applications in several industries, understand the implications of the mentioned technology, discuss the pros and cons of the mentioned technology and discuss the recommendations to prevent the mentioned issues. The report is aimed towards the Australian manufacturing business which are planning to incorporate the advantages of 3D printing technology for expansion purposes and wants to evaluate its implications.