Pentax 2013 Annual Report Download - page 14

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Special Features for 2013 Lifecare Business is a key for HOYA's sustainable growth
Copyright 2013 © HOYA CORPORATION
1 Aging of the global population 2 Increase in middle-class population,
particularly in emerging countries
Aging of the global population is driving expansion of
the market for medical and healthcare services, while
governments everywhere face the challenge of rising
medical-related expenditures. Accordingly, the
worldwide need for early detection of a disease and
early medical treatment is rising.
In emerging economies, rapid economic growth has
led to improvement in living standards and a surge in
the middle-income population. Accordingly, we are
witnessing growing need to improve medical
infrastructures, enhance medical services, and
improve the people's quality of life (QOL) in line with
changes in their life style.
Hoya's intraocular lenses for cataract treatment, eyeglass lenses, medical endoscopes, and other products have
seen a rise in demand due to the aging of the global population, improvement in living standards in emerging
countries, and other reasons. Many of these products also contribute to minimally invasive medical treatment.
Because of these factors, this business is expected to grow in line with long-term growth potential of the market.