LED Medical Announces Distribution Agreement With EnvisionTec Inc.
LED Medical Expands Product Line to Include Rapid Growth 3D Printing Solution Category
Vancouver — LED Medical Diagnostics Inc. announced today that it has entered into a distribution agreement with 3D printer manufacturer EnvisionTec Inc., becoming a provider of EnvisionTec's 3D printing solutions to dentists, dental specialists and dental laboratories across the United States and Canada.
According to a report published by SmarTech in May ('3D Printing in Dentistry 2015: A Ten Year Opportunity Forecast and Analysis'), the forecasted value of hardware, materials, and printed components enabled by 3D printing in dentistry is expected to hit $3.1 billion by 2020, crossing $2 billion next year. They also note that total sales of 3D printing systems to dental labs or professionals, which is currently at $240 million, will double by 2020.
"We are very committed to 3D imaging technologies and offering a complete dental CAD/CAM workflow," stated LED Medical CEO, Dr. David Gane. "EnvisionTec provides world-class solutions that are complementary to our current product portfolio and the print media will be an additional source of recurring revenue."
EnvisionTec is a world leader in 3D printer manufacturing with applications across multiple industries, including oral healthcare. The solutions built by EnvisionTec are optimized for a number of specialized printing materials with a broad portfolio of dental applications. EnvisionTec printers integrate seamlessly with leading dental and dental specialty CAD software programs taking the efficiencies of digital design to the production stage allowing clinicians and technicians to rapidly produce crowns, bridges, models, surgical guides and a range of orthodontic appliances in just a few clicks.
"3D printers have tremendous utility for dental offices and dental laboratories as a growing number of offices adopt digital CAD/CAM workflows to create efficiencies and reduce lab-related expenses," stated Dr. David Gane, LED Medical CEO. "EnvisionTec's dental printers are ideal due to their small footprint, competitive price point and wide range of print material options."