A major Australian medical company that secured an exemption from Donald Trump’s tariffs has thrived in the US market.
Australian medical company ResMed thrives in United States market after securing exemption to Donald Trump's tariffsA major Australian medical company that secured an exemption from Donald Trump’s tariffs has thrived in the US market.
The company’s goods fall under the Nairobi Protocol – an international agreement that guarantees products which help people with disabilities are duty-free. ResMed’s CEO Mick Farrell on Friday confirmed the $43 billion medical company’s revenue has soared nine per cent in the Americas.
“In the masks and accessories category incredible growth,” Mr Farrell said, referring to the company’s performance in the first three months of 2026 compared to the same period last year. “That's people coming back and buying more masks and accessory because they're adherent to therapy and they want more. ” The major Australian company has surged in the US after securing an exemption to Trump's tariffs.
Picture: Getty Images When revealing the company had received an exemption from Trump’s tariffs last year, Mr Farrell said ResMed’s role as a business that helped people with diseases was critical to avoiding the levy.
“Our products are used to treat patients with chronic respiratory conditions that have been subject to global tariff relief for decades,” Mr Farrell told investors in April 2025. “We have reaffirmed that. That is the case with federal authorities just this month in the current setting. ” The US still has a 10 per cent tariff on Australia, despite the Supreme Court striking it down in February.
The growth in the US also follows ResMed revealing plans to double its manufacturing footprint in the country by opening a new facility in California. Some raised concerns about ResMed as it was perceived to face a challenge from the increase of weight loss medications such as Ozempic. Sleep apnoea is typically associated with being overweight and weight loss medications, called GLP-1s, were considered as a threat to the mask maker.
Mr Farrell said the proliferation of GLP-1s were not a problem impacting ResMed, but rather a benefit for the company.
“Those saying that GLP-1s were a headwind for our business are just wrong. It's a tailwind,” he said. He said using a GLP-1 in combination with sleep apnoea machines, known as CPAPs, was boding well for ResMed and its customers.
“How many of those patients are going to get prescriptions for maybe GLP 1s, but also for CPAPs? ” Mr Farrell said.
“That combination therapy we've shown has incredible outcomes. High start rates. Higher adherence at one year. Higher adherence at three years as well.
” Despite an increase in market share in the US, ResMed’s shares suffered a 3.2 per cent blow on Friday. The company’s 11 per cent revenue bump was not enough to convince some investors ResMed was a stock worth holding.
Mick Farrell Sleep Apnoea Sleep Apnea Resmed
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