Inspire Medical Systems Inc (Inspire Medical) is a medical technology company THAT focuses on the development of solutions for patients with obstructive sleep apnea (OSA). iT offers a neurostimulation technology that provides moderate to severe OSA treatment. Its platform includes inspire therapy system, inspire physician programmer and inspire cloud, among others. Inspire Medical also develops solutions to monitor a patient’s breathing and deliver mild hypoglossal nerve stimulation to maintain an open airway. The company participates in various clinical trials of products in the related sector. It serves healthcare professionals across the Asia Pacific, Europe and North America. Inspire is headquartered in Golden Valley, Minnesota, the US.
Headquarters
United States of America
Address
5500 Wayzata Blvd Ste 1600, Golden Valley, Minnesota, 55416-1237
Website
www.inspiresleep.com
Telephone
1 763 9575037
No of Employees
1,011
Industry
Medical Equipment
Ticker Symbol & Exchange
INSP (NYSE)
Revenue (2022)
$624.8M
53.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
52.9%
(2022 vs 2021)
Market Cap*
$7.1B
Net Profit Margin (2022)
XYZ
69.2%
(2022 vs 2021)
* As of and is in US$
Inspire Medical Systems Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Implanted Neurostimulation Devices |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Regulatory Approval | In March, the company received approval from the Food and Drug Administration to offer Inspire therapy to pediatric patients with Down syndrome. |
| 2022 | Contracts/Agreements | In October, the company and Lovell Government Services, Inc. partnered to provide the Inspire therapy system to Federal Healthcare Systems. |
| 2022 | Regulatory Approval | In July, the company announced that the United States Food and Drug Administration (FDA) approved additional magnetic resonance imaging (MRI) scan conditions for use with Inspire therapy. |
Competitor Comparison
| Key Parameters | Inspire Medical Systems Inc | ResMed Inc | Quidelortho Corp | Inari Medical Inc | Berkeley Nucleonics Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Golden Valley | San Diego | San Diego | Irvine | San Rafael |
| State/Province | Minnesota | California | California | California | California |
| No. of Employees | 1,011 | 10,140 | 7,100 | 1,100 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Timothy P. Herbert | Chief Executive Officer; President; Director | Executive Board | 2017 | 60 |
| Richard Buchholz | Chief Financial Officer | Senior Management | 2014 | 55 |
| Philip J. Ebeling | Chief Operating Officer | Senior Management | 2020 | 52 |
| Carlton Weatherby | Chief Strategy Officer | Senior Management | 2023 | - |
| John Rondoni | Chief Technology Officer | Senior Management | 2022 | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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