ITOCHU Announces a Strategic Investment in DOCQUITY, a Company that Manages Southeast Asia's Largest Platform for Healthcare Professionals

September 5, 2022

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today an additional investment of 32 million US dollars in DOCQUITY HOLDINGS PTE. LTD. (headquartered in Singapore, Indranil Roychowdhury, CEO; hereinafter “DOCQUITY”), which manages the Southeast Asia's largest platform for healthcare professionals and entered into one of the equity-method associated companies in ITOCHU.

In the Southeast Asia, given the accelerating digitalization of the medical and healthcare fields in recent years, it is becoming increasingly popular to share knowledge among physicians across countries and use online networks in providing drug information from pharmaceutical companies to physicians. The market of the medical digital marketing utilizing platforms for physicians, among other means in Southeast Asia, is expected to grow sharply going forward at an average growth rate of approximately 25% per year, up from about 15 billion yen in 2022. *1

DOCQUITY has grown into Southeast Asia's largest platform for healthcare professionals with total membership of approximately 300,000 physicians (equivalent to approximately 70% of all physicians in Southeast Asia), mainly in Indonesia, Malaysia, the Philippines, Thailand and Vietnam.
Physicians using the service have access to the latest medical information through DOCQUITY's platform in the application, while simultaneously sharing clinical experiences and exchanging views among physicians across countries. In addition, through educational content embedded in the platform linked to over 250 academic societies, members are able to acquire credits from respective societies. Also, to support the digital marketing of medical-related companies, particularly pharmaceutical companies, DOCQUITY also offers each company a dedicated channel through the platform which provides physicians with information on products and diseases.

ITOCHU has been supporting the growth of DOCQUITY's business since it entered into a capital and business alliance with the company in February 2019. In conjunction with the strategic investment, ITOCHU will contribute to the company's business expansion by capitalizing on the ITOCHU Group's networks in Japan and abroad to help the company further grow its digital marketing business for pharmaceuticals / medical devices areas. ITOCHU will also develop new digital services for physicians and medical institutions by using DOCQUITY's platform for physicians, and through these efforts, will promote the digital transformation in the medical and healthcare fields.

ITOCHU transforms business by shifting to a market-oriented perspective, which is a basic policy included its medium-term management plan, and this strategic investment in DOCQUITY is in line with this policy. ITOCHU will continue to position the medical and healthcare fields as a priority area, and will plan and develop new services that meet the needs of patients, healthcare professionals and medical institutions and actively develop its business to contribute to a society where better healthcare is provided.

  • *1Based on data collected by ITOCHU and a consulting firm.

Overview of DOCQUITY's application


Office Singapore (head office), India (technology base)
CEO Indranil Roychowdhury
Established February 2017 (founded in 2013)
Business description Develops and manages a digital platform dedicated to healthcare professionals