One of the leading distributors of quality medical equipment to healthcare facilities across the country has remained resilient despite the challenges brought about by the coronavirus disease 2019 (Covid-19) pandemic.
“We are proud to be at the frontline of the country’s fight against Covid-19 through the urgent distribution of much needed equipment,” said Medilines Distributors Incorporated chairperson Virgilio Villar on Friday.
As an integral part of the country’s healthcare industry whose products are regarded as essential goods and services, Medilines has been deploying a significant number of Covid-19-related equipment since the onset of the pandemic across the Philippines despite strict lockdowns and varying protocols per locality.
“But Medilines has always been essential with or without a health crisis,” he said. “We believe that there will always be a demand for medical products, in as much as there will always be a patient needing care.”
Based on a recent independent study by Ken Research, in terms of expenditure, the healthcare industry rose from PHP489.1 billion in 2014 to PHP911.4 billion in 2020, or a compound annual growth rate (CAGR) of 10.9 percent.
Healthcare expenditure is expected to grow further at a CAGR of 11.2 percent to reach PHP1.5 trillion by 2025, driven by a growing and aging population, growing incidences of diseases such as cancer and pneumonia, as well as increased efforts by the government to expand and modernize our healthcare facilities.
Villar said the company has demonstrated a track record of growth at a higher rate than that of its industry, and this trend of growth is expected to continue whether the Covid-19 pandemic continues to persist or not for several reasons.
Medilines maintains a portfolio of best-in-class equipment from world-renowned brands such as Siemens Healthineers (Germany) for diagnostic imaging, B. Braun (Germany) for dialysis, and Varian (USA) for cancer therapy.
“Our goal has always been to provide Filipinos with world-class medical equipment in their time of need and this stays true in the current situation,” Villar said. “We will remain steadfast in our commitment to make critical equipment available to primary providers wherever in the country they may be as the pandemic drags on and beyond.
Source: Philippines News Agency
