Competitive market situation
Modulight is a fully vertically integrated company with a unique value proposition and no direct competitors.
Successful operations on Modulight’s target market require profound expertise in semiconductor laser technology, design and manufacture of medical devices and application know-how, including cloud-based services. As a fully vertically integrated company, Modulight is able to provide a unique value proposition that has no direct competitors in 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.
Modulight’s 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 the 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, such as photoimmunotherapy, rather than competing with them.