Medilines to grow dialysis consumables business by 43%

📆 21/10/2022 01:00:00
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Medilines Distributors, Inc., one of the country’s leading high-value medical equipment distributors, aims to expand its dialysis consumables business which is expected to grow by 43 percent this year.

In a statement, the firm said its dialysis consumables product line alone recorded revenues of P197 million for the full year ending December 31, 2021.

A study by Ken Research in 2021 stated that the size of the domestic dialysis market is expected to grow to Php13.5 billion by 2023, with bulk of this market accounted for by the dialysis consumables segment.According to the same study, Medilines captured 50.5 percent market share in terms of revenues of all dialysis products sold by distributors in the Philippines as of 2021.

On the back of management’s view of Medilines’ strong fundamentals and growth prospects, the Company announced yesterday a share buyback program of up to P100 million. She added that, “We are very focused on business strategies that will deliver profitable and sustainable growth over time.”

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