Competitive market situation
Modulight is a fully vertically integrated company with a unique value proposition and no direct competitors.
Modulights management believes that the company has a competitive market position due to its expertise in the field. According to the management, successful operations on the company’s target market requires a profound expertise in semiconductor laser technology, design and manufacture of medical devices and application know-how, including cloud-based services. Modulight has not identified any other company with similar multidisciplinary expertise. As a fully vertically integrated company, Modulight considers to be able to provide a unique value proposition that has no direct competitors in terms of these areas. Modulight also specializes in manufacturing compound semiconductor semiconductors, for which, according to the company, there are only a few companies in the world that have successfully specialized in this field.
According to Modulight’s management, the competitive landscape can be divided into the producers of medical laser equipment, developers of medical platform solutions and semiconductor technology companies. Considering the limited product range of companies operating on the market, Modulight believes that competition will arise mainly from other forms of treatment, such as radiotherapy, chemotherapy and immunotherapy and surgery. These are supported by treatment forms provided by Modulight, rather than competing with them.