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PHILIPS GRADUALLY RE-ENTERS CPAP MARKETS

Nov 10, 2023 | CPAP & PAP Devices, Sleep Safety | 0 |



Customers are welcoming Philips Respironics CPAP devices back in markets around
the globe, according to Philips CEO Roy Jakobs, in the company’s third quarter
2023 results webcast. He specifically mentioned Philips’ positive airway
pressure devices re-entering the markets of Japan, China, Australia, Latin
America, and the European Union.

“We are working through the process with every regulator across the globe,” he
said. “[We] are getting very positive support in many of the markets.”

There is still significant demand for CPAPs, he also said, despite the company
not making the sleep therapy devices for new customers since its recall. “They
welcome competition in the market, therefore there is no special program of
discounts or anything like that happening or needed for us to get us back in
play,” Jakobs said. “Of course, we’ll work our way back into other markets in a
gradual way as we’ve been out for some time. But the first steps back into the
market are encouraging.”

[Further reading: Philips Raises Outlook Amid Ongoing CPAP Recall Challenges]

In response to a question about where the sleep therapy devices are produced,
Jakobs responded: “We have a manufacturing base which is diversified. We have in
the US and outside of the US and we also use that actively, as we speak, for
markets outside of the US.”

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ABOUT THE AUTHOR

SREE ROY

Sree Roy is editor of Sleep Review.

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