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Inspire Medical Systems creates implantable medical devices that treat obstructive sleep apnea. The company's main product is a small device implanted in the chest that stimulates throat muscles during sleep to keep airways open. Hospitals and sleep clinics purchase these devices for patients who cannot use traditional CPAP machines, generating revenue through device sales and related accessories.
The medical device industry focuses on creating technologies that treat health conditions. Companies in this space often face challenges with insurance reimbursement and regulatory approvals, which can impact their financial performance. Inspire operates in the sleep apnea treatment segment, which competes with traditional CPAP machines and other emerging therapies.
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