Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • Subscribe to Print Magazine
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech

These medtech stocks performed the best in 2020

January 15, 2021 By Sean Whooley

Image from ResMed

ResMed

Share price on Dec. 31, 2019: $155.01

Share price on Dec. 31, 2020: $212.56

Change: +37%

 

ResMed (NYSE:RMD) likely looked at 2020 as an opportunity to continue to grow its sleep and respiratory care business. Instead, the company found itself on the front lines of a global pandemic.

As COVID-19 swept the globe, ResMed, a maker of noninvasive ventilation devices, largely for treating sleep apnea, stepped forward to help produce ventilation devices for those infected with the virus who couldn’t breathe while invasive ventilators were in short supply.

“I think we ended up increasing ventilation production by 3.5 times during that span,” ResMed sleep and respiratory business president Jim Hollingshead told MDO in the fall. “As we made thousands and thousands of vents, we were able to service a lot of demand. … During that early crisis period of March, April, May, it was a huge pivot for everybody and I was proud of what we were able to accomplish.”

AdvaMed promoted clinical evidence that revealed the benefits of non-invasive ventilators for use in less severe cases of COVID-19-related respiratory issues, followed by ResMed receiving a contract worth $31.98 million to produce 2,550 ventilators in the summer.

Even as demand for sleep care devices declined during the pandemic, ResMed’s financial results shot up, thanks to the demand for its ventilators in the fight against the virus.

All the while, the company remained focused on its efforts to change the landscape in other spaces, as Hollingshead said remote diagnostics remain the future of sleep and respiratory care. The company continued to produce outside of ventilators, too, with the launch of its AirTouch N20 CPAP nasal mask with a memory foam cushion.

While disruption came for ResMed, like most other companies, as a result of the pandemic, the company is looking to continue to build on the growth it saw in 2020.

“We’re really focused on the patient experience,” Hollingshead said. “Our industry was already headed there. Our offerings were already headed there, but we’re going to drive harder and faster on those things.

“That’s the trend we’re going to continue to try and pioneer in our space. … COVID created so much disruption in healthcare, but there’s an opportunity here for us to continue to use digital tools to get patients more access to good care.”

Next>>

Pages: 1 2 3 4 5 6 7 8 9 10 11

Related Articles Read More >

BinaxNow COVID-19 Ag Card
FDA issues new COVID-19 testing guidance to avoid false negatives
FDA logo
FDA’s breakthrough medical device designations tally nears 700
A portrait of Lifecore Biomedical CEO Jim Hall
Lifecore Biomedical’s owner plans to go all-in on contract development and manufacturing
A lateral flow assay test for measuring COVID-19 immunity
COVID-19 immunity test developers at MIT seek diagnostic manufacturer

DeviceTalks Weekly.

August 12, 2022
DTW – Medtronic’s Mauri brings years of patient care to top clinical, regulatory, scientific post
See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

Enewsletter Subscriptions

Enewsletter Subscriptions

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech100 Index
  • Medical Tubing + Extrusion
  • Medical Design Sourcing
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to E-newsletter
  • Attend our Monthly Webinars
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2022 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • Subscribe to Print Magazine
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech