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Inspire Medical Systems Inc (Inspire Medical) is an innovative medical company that focuses on providing innovative solutions for the treatment of obstructive sleep apnea (OSA). It carries out developing and offering a mask-free therapy for individuals who have struggled with traditional continuous positive airway pressure (CPAP) treatments. The company offers inspire therapy system, a proprietary neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. Inspire Medical's products are primarily used by patients diagnosed with OSA, and they are applicable in the healthcare industry, particularly in sleep medicine. The company serves markets covered by most commercial insurers, medicare, and veterans affairs. Inspire Medical is headquartered in Golden Valley, Minnesota, the US.
Headquarters
United States of America
Address
Suite 1600, 5500 Wayzata Boulevard, Golden Valley, Minnesota, 55416
Website
www.inspiresleep.com
Telephone
1 844 6724357
No of Employees
1,333
Industry
Medical Equipment
Ticker Symbol & Exchange
INSP (NYSE)
Revenue (2024)
$912.0M
13.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
171.8%
(2024 vs 2023)
Market Cap*
$1.3B
Net Profit Margin (2024)
XYZ
139.1%
(2024 vs 2023)
* As of and is in US$
Inspire Medical Systems Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Technology: | Inspire |
| Inspire Therapy System |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Regulatory Approval | In July, the company received CE Mark certification of full-body MRI compatibility for its Inspire IV neurostimulator device under the European Union’s Medical Device Regulation. |
| 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. |
Competitor Comparison
| Key Parameters | Inspire Medical Systems Inc | ResMed Inc | LivaNova Plc | Nyxoah SA | FUJIFILM Medical Systems USA Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | Belgium | United States of America |
| City | Golden Valley | San Diego | London | Mont-Saint-Guibert | Lexington |
| State/Province | Minnesota | California | England | - | Massachusetts |
| No. of Employees | 1,333 | 10,600 | 3,300 | 154 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Timothy P. Herbert | Chairman; Chief Executive Officer; President | Executive Board | 2024 | 63 |
| Matthew J. Osberg | Chief Financial Officer | Senior Management | 2026 | 50 |
| Carlton W. Weatherby | Chief Growth Officer; Chief Strategy Officer | Senior Management | 2024 | 41 |
| Melissa J. Mann | Chief People Officer | Senior Management | 2024 | 50 |
| Bryan K. Phillips | Chief Compliance Officer; General Counsel; Secretary; Senior Vice President | Senior Management | 2021 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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