Recently, Mill Medical Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Mill Medical"), a provider of multi-scene laser medical system solutions and core components, was led by Infineon Capital to complete a new round of financing, which indicates that Mill Medical will continue to deepen the entire industrial chain of laser medical treatment, develop and mass-produce various special laser modules that meet the clinical needs, continuously improve the service level of full-cycle system-level laser medical CDMO for domestic and foreign industry partners, and complete the exploration and innovation of emerging laser medical application directions at home and abroad.
The funds raised in this round will be mainly used for product research and development, product mass production, talent system construction and commercial promotion at home and abroad. Infineon Capital, as the leading investor in this round, will bring rich industry resources and capital operation experience to Mill Medical, and help the company achieve leap-forward development.
Since its establishment four years ago, Mill Medical Technology has been committed to becoming a world-class innovative laser medical enterprise. The team has mastered the international cutting-edge laser technology and has unique technical advantages and extensive migration ability in the special laser treatment band. The company's business covers upstream lasers, midstream CDMO and downstream laser medical devices in the laser medical industry. Mill Medical is committed to using the laser technology platform to create a laser medical ecology with high barriers, high growth and large market space, and aims to become a global leading brand of laser medical care.
The founding members of Mill Medical Core graduated from Tsinghua University, and more than 80% of the management team came from domestic and foreign head medical device R&D and production enterprises. The company brought together nearly 100 scientific and technological innovation teams from clinical medicine, medical devices and optoelectronics.
Promoting the cross-integration of medical workers and collaborative innovation of supply chain is the key factor to break the "bottleneck" of innovation in China's medical device industry. Mill Medical conforms to the development trend of the industry and aims to make China's advanced laser minimally invasive medical technology go to the forefront of the world through the construction of laser medical CDMO platform. Mill Medical is determined to reduce the comprehensive cost, accelerate the product technology transformation, shorten the product market cycle, and enable customers to focus on clinical services through the domestic substitution of laser core components.
The global laser medical equipment market has exceeded 100 billion, and the domestic market has exceeded 30 billion, and it has gradually developed into the largest market segment in the world. With the technical progress of laser equipment, new application fields are constantly expanding, and the laser equipment in the original application scene is also constantly upgrading. In the fields of medical beauty, urology, oral otorhinolaryngology, ophthalmology, etc., laser has become an essential energy platform, and there are also broad application spaces in orthopedics, gynecology, neurosurgery, blood vessels, pets and other fields. Domestic laser therapy equipment can fully realize the localization of devices and accelerate the industrialization of domestic laser medical treatment by integrating business and building brand. Although there are some problems in the development of China's laser medical industry, such as high import dependence of high-end industrial chain, as the world's largest industrial laser market, China will surely become a global laser medical leader with a single revenue of more than 5 billion yuan in the future. Based on its own technical strength, Mill Medical will provide better, more efficient and more accurate laser medical services for doctors and patients around the world while building global brand strength, product strength and channel ability, so that the light of science and technology can protect people's health.
Zhang Shuai, investment director of Infineon Capital, said: "Due to the maturity of the domestic laser industry chain and the development of clinical procedures at home and abroad, we think this year is expected to be the" first year of domestic medical technetium laser ". Mill Medical has opened up the full chain capability of the research on the underlying laser technology, the development and mass production of multi-model lasers, and the development and certification of multi-disciplinary clinical terminal equipment, and the value of platform-based enterprises has begun to appear. In the future, with the development of medical laser market, it has potential for value creation in urology, oral cavity, skin, ophthalmology and other multidisciplinary fields. The founding team has profound knowledge and strategic vision in enterprise positioning, technical realization and business strategy. We are very happy to be a colleague of Mill Medical, and through this investment and the introduction of powerful resources of Taizhou photoelectric industry, we will help it to a higher level.
