Business
REMSleep Holdings Inc. Issues Shareholder Letter
REMSleep Holdings Inc. Issues Shareholder Letter.
About this update from Remsleep Holdings, Inc.
[{"type":"text","content":"\n CLEARWATER, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- REMSleep Holdings, Inc. (OTCQB: RMSL), a leader in innovative sleep apnea products, published the following letter to shareholders. Dear REMSleep Shareholders and Interested Investors: Our company’s primary focus is two-fold. First, we are dedicated to providing high-quality products and experiences for CPAP therapy to support our customers and their families. Second, we are intensely focused on the significant market opportunity represented by the estimated 36% of people who abandon CPAP therapy due to mask discomfort. Of the entire market of CPAP therapy users, it is estimated that up to 50% become non-compliant within six months. Therefore, the 36% subset of the total non-compliant market, which is our initial target audience, represents a substantial opportunity. People ask me all the time, “How can a small company compete with very large companies that are well funded?” The answer to that question is what places our company in such an enviable position. First, we don’t have to be their first choice for the mask (our mask is actually referred to as the DELTAWAVE Nasal Pillow System). All we have to be, is the choice that works. Second, the manufacturers of the CPAP machines want our masks to work. The CPAP market is a very unique market in that the mask wags the tail of the machine. If our mask works, that leads to more machines sales, more tubing sales, and more peripheral sales in general which ultimately builds the overall CPAP therapy market. Our masks ensure higher compliance rates for the machine manufacturers. Our shareholders have seen some statistics about the CPAP market, but the true scale of this market is truly astonishing. CPAP machines are used to treat sleep apnea, so to understand the CPAP market, one must first consider the immense size of the sleep apnea market. In terms of its sheer scope, it ranks among the largest medical markets globally. Here are some key statistics to highlight this: According to the American Medical Association, it is believed that more than 30 million people have sleep apnea in the United StatesOnly 6 million sleep apnea cases have been diagnosed in the United StatesIt is estimated that 936 million people have obstructive sleep apnea globallyIt is estimated that between 1/3 and 1/2 of all people that sta...