Sleep Apnea Market Gains Momentum: 3 Stocks In Focus
Zacks Investment Research | Sep 19, 2019 09:46PM ET
The market for devices providing solutions for detection and treatment of sleep apnea – a potentially serious sleep disorder – has gained investors’ attention due to the prospects it presents. This market holds huge untapped potential considering the fact that 80% of the cases of moderate and severe obstructive sleep apnea (OSA) are still undiagnosed (industry ’s rally of 14.5%.
ResMed Inc. (NYSE:RMD) holds a major position as a designer, manufacturer and distributor in the worldwide market for generators, masks and related accessories for the treatment of sleep-disordered breathing and other respiratory disorders, including OSA and other sleep-related respiratory disorders. In April 2019, the company unveiled its first top-of-head connected nasal pillows mask — AirFit P30i — in the United States. This is the company’s second top-of-head connected Continuous Positive Airway Pressure (CPAP) mask designed to treat sleep apnea.
This Zacks Rank #3 (Hold) company has a long-term earnings growth rate of 10.6%. For fiscal 2020, the Zacks Consensus Estimate for revenues is pegged at $2.86 billion, indicating an improvement of 9.9% from the year-ago period.
Over the past year, ResMed’s shares have gained 17.3%, against the industry ’s decline of 0.7%.
Natus Medical Incorporated (NASDAQ:NTUS) – a leading provider of healthcare products – boasts of a Neuro business unit that offers a comprehensive portfolio of sleep solutions. It includes in-lab testing products like Natus SleepWorks Software, Xltek Brain Monitor Amplifier, to name a few.
This Zacks Rank #3 company witnessed its 2019 earnings estimate move upward by 0.8% in the past two months to $1.28 per share.
Over the past six months, shares of Natus Medical have gained 15.7%, against the industry ’s decline of 4.6%.
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