Qualitas eyes Vietnam as the next new market opportunity within Southeast Asia
MALAYSIA - Media OutReach - 30 May
2019 - Homegrown and leading primary healthcare provider, Qualitas Medical
Group ('Qualitas'), aims to expand its global network of clinics with
additional 200 clinics, bringing to a total of approximately 500 clinics by 2022.
Over the next 3 years, Qualitas will be predominantly focusing on the Southeast
Asia markets for its new growth and market penetration strategy.
Group's next foray into Southeast Asia will be the Vietnam market, kicking off the
first phase of Qualitas' expansion plans with the aim of providing
quality and comprehensive primary healthcare services globally. Qualitas is currently in
the process of finalising an acquisition of a reputable medical centre at Ho
Chi Minh City.
the years, Vietnam has recorded steady economic growth, leading to a growing
demand for healthcare services in the country. In 2017, the healthcare
expenditure accounted for 7.5% of the GDP, and is predicted to thrive at a
compound annual growth rate of 12.5% between 2017 -- 2021.
over 20 years of experience in the primary healthcare industry, we remain
focused in offering high quality outpatient care services within Malaysia,
Singapore, Australia and beyond. When assessing new potential markets, we take
into consideration countries with an emerging middle-class population and rising
healthcare expenditure such as Vietnam, specifically in cities like Ho Chi Minh
City, Hanoi and Da Nang. We target to own several medical centres at the
general and expatriate population in Vietnam over the next 5 years," said Dato'
Dr. Noorul Ameen Bin Mohamed Ishack, Founder, Managing Director and Chairman of
Qualitas Medical Group at a
business briefing session held today.
from Vietnam, the Group is exploring other new markets within the region such
as Myanmar, Indonesia and Bangladesh.
In the Southeast Asia region, there is a long-standing
challenge of more demand than supply of healthcare facilities. As such,
Qualitas is growing its network of healthcare facilities in the Southeast Asia in
addition to its existing presence in Malaysia, Australia and Singapore, with a network
of a total of 276 GP clinics, 1 ambulatory care centre, 13 dental clinics and 11
medical imaging centres.
"Leveraging on our economies of scale as well as our
expertise in the management and operations of GP clinics, we are able to bring
our expertise and intellectual property into other new markets in a
cost-effective manner and by fine tuning our business model and delivery format
to suit the local context. We are also looking at a vertical growth of our
range of healthcare services and solutions, expanding further from outpatient
clinics to integrated primary care facilities," continued Dato' Dr. Noorul Ameen
Bin Mohamed Ishack.
Malaysia remains as Qualitas'
largest primary healthcare network amongst all other
markets, in line with the vision to boost primary healthcare amongst Malaysians
in the 21st century.
Regarded as the best country in the 'Best
Healthcare Category in the World 2019',
Malaysia is a thriving and promising market for further growth as the total
healthcare industry spending is expected to reach RM80 billion by 2020.
Singapore's healthcare system aims to ensure
that the population has access to different levels of healthcare in a timely
and cost-effective manner. However, from 2010 to 2016, a rise in government
health expenditure was recorded -- from over SGD$3 billion to over SGD$9 billion.
This increase has led to the demand for other effective and innovative measures,
allowing greater access to affordable healthcare.
In Australia, the improvement of healthcare
facilities takes priority ahead of other sectors including infrastructure and
education. In line with their Health and Medical Industry Growth Plan, the
department of Health in Australia has plans to invest over AUD$1 billion
to further grow the healthcare industry in Australia, which in turn will
benefit healthcare organisations by supporting them with various initiatives to
deliver comprehensive healthcare services to the community.
About Qualitas Medical Group
Medical Group ("Qualitas") was founded in 1997 in Malaysia. With over 20 years
of experience in the healthcare industry, Qualitas delivers cost-effective and quality
primary healthcare services to the community comprising GP (general practice),
dental and medical imaging services.
Today, Qualitas operates a global network of General
Practice (GP) clinics, an ambulatory care centre, as well as dental clinics,
and diagnostics centres supported by over 1,700 medical doctors, dentists and
supporting personnel, backed by a network of over 250 medical clinics, dental
clinics (including a dental laboratory) and medical imaging centres.
more information on Qualitas Medical Group, please visit www.qualitas.com.my