KeyBanc says sleep apnea device makers to benefit from new Apple Watch feature

Inspire Medical Systems

10/09/2024 20:36

** Brokerage KeyBanc Capital Markets says it views the news
of Apple  AAPL.O  launching sleep apnea detection in its new
Watch Series 10, and existing Watch Series 9 and Watch Ultra 2
as positive for medical device makers Resmed  RMD.N  and Inspire
Medical Systems  INSP.N  
    ** Both RMD and INSP make devices to treat sleep apnea 
    ** It supports an emerging catalyst driving increased
awareness and diagnoses of obstructive sleep apnea (OSA) via
consumer wearable tech - KeyBanc
    ** Recently, RMD highlighted consumer wearable tech as a
"megatrend" that could support increased market growth, and
identified Apple Watch, Google Fitbit, Aura Ring, Whoop, and
Garmin as platforms that could adopt capabilities to identify
OSA warning signs - brokerage
    ** "AAPL estimated ~80% of people (in line with RMD
estimates) with sleep apnea remain undiagnosed and are unaware
that they have it" - KeyBanc
    ** Brokerage says it found an online survey that indicates
~70% of users sleep with their watches on
    



    


 

    

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))