Frost & Sullivan honored 28 companies across 4 industries at the 2015 Frost & Sullivan Australia Excellence Awards banquet, held this month at the Hilton Hotel, Sydney. Among the winners were two companies that are prominent in the field of sleep medicine.

Somnomed Ltd was recognized in the “Australia Medical Devices in Obstructive Sleep Apnea Company of the Year” category and Philips Healthcare was recognized in the “Australia Patient Monitoring Company of the Year” category. A full list of the 2015 recipients may be viewed online.

This year is particularly special as it marks the 10th year that Frost & Sullivan is hosting the excellence awards in Australia, recognizing and celebrating exemplary practices and best-in-class companies in the country.

Mark Dougan, managing director, Australia & New Zealand, Frost & Sullivan says in a release, “Frost & Sullivan believes it is important to highlight industry best practices and acknowledge those who have accomplished noteworthy achievements. Our awards endeavour to identify and spotlight companies that have delivered excellence in their respective industries, as well as spur companies to continue pushing boundaries and share best practices.”

Recipients of the 2015 Frost & Sullivan Australia Excellence Awards were identified based on in-depth research conducted by Frost & Sullivan’s analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends. The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.