Tag: CPAP Mask
F&P on masks: ‘It looks like we’re taking market share’
December 4, 2024Liz Beaulieu, Editor
AUCKLAND, New Zealand – Fisher & Paykel Healthcare’s Homecare product group helped to deliver record financial results for the first half of financial year 2025 on the back of strong performance from masks and accessories.
Revenue for the Homecare product group increased 14% and sales of masks and accessories increased 16% for the first half.
When asked by an analyst during a recent conference call whether F&P was taking share in the competitive mask category, CEO and...
ResMed announces strategy, outlook
October 1, 2024HME News Staff
SAN DIEGO – ResMed unveiled its 2030 strategy to drive growth, profitability and shareholder returns, including investing 7% in R&D, at an Investor Day in New York City.
The company also announced its five-year revenue and earnings growth outlook, reflecting its plans to accelerate product and technology innovation, operational excellence, commercial execution and financial strength.
“By building on our leadership in connected digital health, our 2030 Strategy will further...
ResMed launches smartwatch app, health concierge, travel gear & fabric mask
September 30, 2024HME News Staff
SAN DIEGO – ResMed has launched several patient-centric products designed to enhance their therapy for sleep apnea, including several new features for its myAir App. New features for myAir include smartwatch apps for Apple and Android, sleep staging from Apple Health and Health Connect, personalized coaching and holistic trending. “We know that digital wearables and other innovative technologies like AI can help consumers better understand their sleep habits and create a personalized...
Researchers develop new CPAP design
July 9, 2024HME News Staff
CINCINNATI – Researchers at the University of Cincinnati are developing a PAP machine that uses vortex airflow technology, a mechanism commonly used in aerospace engineering applications, to eliminate the need for a tight seal. As a result, the VortexPAP is able to use a mask that is designed to barely touch the patient’s face, increasing comfort, researchers say. “Despite the clinical efficacy for CPAP in controlling OSA, patient compliance with the therapy remains a major cause...
sovaSage promotes Caputo
July 8, 2024HME News Staff
PITTSBURGH – sovaSage, a company specializing in AI-based software and services for the management of obstructive sleep apnea, has promoted Jamie Caputo to vice president of sales. Caputo has played a key role in driving the roll out of two products: an AI-based software platform designed to select and fit the best CPAP mask for patients; and TherapistAssist Jeanie, a virtual sleep coach and compliance management platform that’s augmented with live support sleep coaches and respiratory...
F&P sees steadier growth for CPAP masks
May 31, 2024Liz Beaulieu, Editor
AUCKLAND, New Zealand – Now that the step-up in patient starts for sleep therapy has “probably washed through the previous year,” Fisher & Paykel Healthcare expects to maintain CPAP mask growth of about 10%, says CEO Lewis Gradon.
The company previously reported a 28% increase in revenue in constant currency terms for masks in the first half of financial year 2024, benefitting from significant progress in reducing a backlog of patients seeking therapy, but Gradon previously...
F&P Healthcare ‘returned to trajectory of growth’
May 29, 2024HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare has reported total operating revenue of $1.74 billion for the 2024 financial year, a 10% increase year over year, or 8% in constant currency.
The company says its growth was driven by solid demand in hospital consumables and strong growth in the obstructive sleep apnea mask business.
“After several years of changing demand patterns, we are pleased to have returned to a trajectory of growth,” said CEO Lewis Gradon....
F&P launches AutoFit segment
April 25, 2024HME News Staff
IRVINE, Calif. – Fisher & Paykel Healthcare hosted a webinar this week to highlight the launch of its F&P Solo Nasal mask in the U.S. The company says the AutoFit mask is the first to allow users to stretch it onto their face and adjust it with one touch. “F&P Solo Nasal marks the creation of our AutoFit segment, and our teams have delivered a significant leap in mask innovation, driven by the unwavering commitment to enhance patient outcomes,” said Justin Callahan, vice president...
F&P Healthcare raises guidance
March 25, 2024HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare has raised its guidance for the financial year ending March 31, 2024, to $1.73 billion in operating revenue and $260 million to $265 million in net profit after tax. The guidance is slightly up from $1.7 billion in operating revenue and $250 million to $260 million in net profit after tax. “In OSA masks, we have continued to see strong performance from our Evora Full mask,” said Lewis Gradon, managing director and CEO. “We...
F&P reduces guesswork in mask sizing
January 30, 2024HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare has launched a significant upgrade to its F&P myMask App, offering mask selection and sizing in addition to the existing step-by-step education and support video content. Health care professionals can now “select, size and assist” while with a patient or do so remotely via a text invitation to a patient’s smartphone, reducing the time and guesswork associated with traditional sizing, the company says. “This addition...