Medilines accelerates expansion into dialysis consumables market

Medilines Distributors Inc. on Thursday announced it is fast-tracking its expansion into the dialysis consumables market as it aims for double-digit revenue growth this year.
 
In a filing with the local bourse, Medilines reiterated its commitment to the dialysis consumables market after capturing a 50.5% market share in the Philippines in terms of revenue last year.
 
It expects this year's revenue for its dialysis consumables product line to increase by 43% from the P197 million it generated in 2021.
 
“This is a significant opportunity to service [the] dialysis market in the Philippines, and Medilines is moving quickly to be a leader not just on the equipment side, but also in the much larger consumables side of the market,” Medilines Chairman Virgilio Villar said.
 
“This will be a significant driver of our company’s growth moving forward. More importantly, this is well in line with our mission to make quality healthcare more accessible to Filipinos,” he added.
 
Citing a study by Ken Research, Medilines said the domestic dialysis market is expected to grow to P13.5 billion by 2023, with the bulk accounted for by the dialysis consumables segment.
 
Medlinines currently sources and maintains a portfolio of medical equipment from multinational device firms, catering to specialized care segments such as diagnostic imaging, dialysis, and cancer therapy.
 
Its customers primarily include the Philippine government through the Department of Health and local government units, and private healthcare facilities such as hospitals, clinics, and diagnostic centers.
 
“We are very focused on business strategies that will deliver profitable and sustainable growth over time,” Medilines President and CEO Patricia Yambing said.
 
“In addition, we are working to enhance shareholder value through regular dividend declarations, the recently announced share buyback program, and other investor relations initiatives,” she added.
 
Shares in Medilines were trading at P0.75 apiece as of 1:40 p.m. on Thursday, down by 3 centavos or 3.85%.  — VBL, GMA News