According to the company, the new facility has 34,000 ft2 of manufacturing and operational space dedicated to 3D printing. It was built with an initial investment of US$16 million with an additional anticipated investment of US$19 million over the next five years, Paragon said.
The company also has AM design and production capabilities at a facility in Warsaw, Indiana.
“With the healthcare additive manufacturing market anticipated to be US$8 billion by 2030, our investment demonstrates a continued commitment to innovation in design and manufacturing in this rapidly growing space,” said Wil Boren, CEO of Paragon Medical.