Medilines Distributors Inc. said Thursday the strong demand for medical equipment will sustain the company’s long-term growth.
Medilines chairman Virgilio Villar said in a statement the company drew up a product portfolio that is resilient and less impacted by economic changes to ensure sustainable growth.
“We focus on products with resilient demand while building our capabilities to dominate certain markets rather than chasing a hot selling item that everybody else is selling,” he said.
The strategy provides stability in sales as Medilines’ products remain critically necessary for patient care amid a growing and aging population. Medilines is the largest distributor in the Philippines of cancer therapy equipment with over 90-percent market share and of dialysis machines with over 50-percent share, according to an independent study conducted by research firm Ken Research Ltd.
It also distributes diagnostic imaging devices, such as CT scans, x-rays and MRIs.
