Investment Thesis
ResMed develops CPAP devices, masks, and digital solutions treating sleep apnea and chronic respiratory conditions. Home sleep testing, connected devices, and SaaS offerings drive recurring revenue.
- Connected Devices: Cloud-enabled CPAP units power remote monitoring and adherence.
- Mask Refresh Cycle: Consumable mask replacements create high-margin recurring sales.
- Software Ecosystem: MatrixCare/Brightree platforms extend into home health and hospice.