5 Biggest Health Care Companies in Australia, 2024

3. ResMed Inc

Market Cap: $28.24 billion

ResMed Inc., a leading healthcare company, specializes in digital health technology and respiratory care solutions. Founded in 1989, ResMed is globally recognized for its innovative CPAP technology for sleep apnea. With a comprehensive range of devices and software, ResMed empowers individuals to manage their health conditions from home. In Q4 2023, ResMed reported a 23% year-over-year revenue growth, an 8% increase in operating profit, and a 9% rise in quarterly dividend to $0.48 per share.