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Posted by Staff
July 25, 2023
1 Min Read
Image courtesy of Paragon Medical
Medical device manufacturer Paragon Medical reports that it has cut the ribbon on its new additive manufacturing center. The state-of-the-art facility at the company’s Pierceton, IN, campus covers 34,000 square feet of manufacturing and operational space. Local dignitaries were in attendance including members of the Indiana Economic Development Corp., Kosciusko Chamber of Commerce, Kosciusko Economic Development Corp., and town and county council.
The new additive manufacturing facility under construction since September 2021 is supported by an initial investment of $16 million with an additional anticipated investment of $19 million over the next five years. The company has existing additive manufacturing design and production capabilities at its innovation center in Warsaw, IN.
Commenting on the ribbon cutting, Dan Blum, VP and general manager of the Pierceton, IN, campus, couched the event as a “testimonial to the vision and passion of the Paragon Medical team, who work relentlessly to provide world-class services and products to enhance the quality of life of others. Paragon Medical’s investment in this facility and technology continues to affirm our industry-leading position, supporting our clients for many years to come,” said Blum.
The healthcare additive manufacturing market is projected to reach $8 billion by 2030, according to Paragon Medical.
The company said it offers an end-to-end supply chain solution from initial concept and product development to verification and validation testing, final production, assembly, and ongoing strategic demand planning. Its 3D-printing capabilities can reduce lead times, cost, and supply chain complexity across product lines in the medical device industry.
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