WideMed cites a study by Frost and Sullivan, which estimates the European sleep industry market at $10 billion, and that 20 million Europeans suffer from chronic sleep disorders.
The Morpheus Hx includes software based on algorithms that can monitor sleep derived from data from standard sleep monitors manufactured by GE Healthcare. GE Healthcare has over $17 billion in annual turnover. The Morpheus Ox system uses a signal oxymeter to analyze sleep measures.
WideMed expects to launch sales of the Morpheus Ox in Europe in early 2011, provided that the company's suppliers meet delivery schedules.
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