Respironics' Sleep Diagnostics Group Earns Frost & Sullivan Award
MURRYSVILLE, Pa. — Respironics Inc. was awarded the 2006 Frost & Sullivan Market Leadership Award in the sleep diagnostic device market based on the company's continued market leadership, strategic advancement, technology innovation and ability to adapt.
According to Frost & Sullivan (a global growth consulting company), the award acknowledges Respironics' market leadership in the sleep diagnostics segment and is given to the company that exhibits market share leadership through the implementation of market strategy.
"We are extremely pleased with this honor and it is a reflection of the talent, dedication and efforts of our entire engineering, plant services, field sales and product support teams," says Ron Fligge, global product manager, Sleep Diagnostics, Respironics. "I believe our growth in sleep diagnostics is due to our expanding portfolio of solutions that includes the Alice®5 Sleep System, Alice® Sleepware® Software, Stardust®II Sleep Recorder, new interactive training tools and accessory options," Fligge adds.
To choose the recipient of the award, Frost & Sullivan analysts track competitor revenue and market share within the industry. This is achieved through interviews with all market participants and extensive secondary research of proprietary data sources. Frost & Sullivan compares the rankings for relative position and presents the award to the company that receives the number one industry rank.
In addition, award recipients are chosen based on one or more of the following criteria: market share, revenue growth rates, profitability, and market and technology innovation.
This article originally appeared in the July 2006 issue of HME Business.