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KingMed Diagnostics, the largest Mainland third-party medical laboratory expands in Hong Kong

(Source from www.investhk.gov.hk)


Guangzhou-based third-party medical laboratory group KingMed Diagnostics announced today (September 24) that it has relocated to a bigger state-of-the-art laboratory and is planning to launch a series of scientific research collaborations with local universities, tapping into the growing demand for medical testing services in the city as well as Asia.

The new laboratory in Kwun Tong occupies a floor area of 12,000 square feet and provide comprehensive and affordable medical testing to customers, including various cancer and gene testing services, according to the General Manager, Liu Jun.

He said that KingMed Diagnostics, a key player with over 30% of Mainland medical testing market share, entered the Hong Kong market in 2011 by acquiring a local laboratory. The latest expansion in terms of staff size, upgraded facilities and laboratory space reflects the group’s emphasis in the Hong Kong market as well as the city’s potential in helping the company expand throughout the region.

Mr. Liu said, “Hong Kong has world-class standard in testing quality. Together with its sophisticated healthcare system, as well as high demand for quality medical testing services, the city represents a huge market for us to expand our medical testing services in the region.”

Associate Director-General of Investment Promotion Mr Charles Ng said, “As Hong Kong strives to move into a knowledge-based economy, it is important that we attract more technology companies like KingMed here. We believe that the establishment of this operation in Hong Kong will bring in innovative products, services and technologies and add to the diversity of our biotech cluster.”

About KingMed Diagnostics

Founded in 2003 in Guangzhou, KingMed Diagnostics is a third-party medical laboratory group, engaging in four major businesses including medical testing, clinical trials, food and hygiene testing, and scientific research service. It has provincial-level central laboratories in 31 cities in the Mainland and Hong Kong, which can undertake more than 2,300 testing items as well as provide medical test outsourcing services for over 16,000 medical institutions in 27 provinces. For more information, please visit: en.kingmed.com.cn.