Pentax 2013 Annual Report Download - page 38

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Business Overview
Copyright 2013 © HOYA CORPORATION
1A large global eyeglass lens wholesale market
valued at US$11.3 billion*
* 2012 - Hoya estimates
Eyeglass Lenses
As the leading company in the global
eyeglass lens market* with a long
business history spanning more
than 50 years, Hoya has continued to
develop high-quality, high-performance
products and provided optimal vision
solutions for people all over the world.
As the main driver of growth in the Life
Care segment, this is a business that is
supporting Hoya's growth.
Lifecare
The global ophthalmic eyeglass lens wholesale market is estimated to be worth US$11.3 billion,
and Hoya's global share of it is around 10%. Although we have direct sales networks in the major
countries and regions of the world, we believe that the business opportunities for Hoya, including
uncultivated markets, are worth US$10 billion or more.
In addition to the major countries in Europe, business expansion can be expected in Russia, North
Africa and Eastern Europe. The North American market, which Hoya entered on a full scale in
2000, is a region where we still have a short track record in the long history of this business.
However, we have steadily increased sales since developing polycarbonate materials in 2010, and
we foresee continued strong growth here. In addition to our business development, various Asian
countries with rapidly growing populations, we have made a full-scale entry into the South
American region, where we made the eyeglass lens manufacturing and sales company a wholly-
owned subsidiary in 2012. However, many uncultivated markets such as Mexico and Colombia
remain, and we will actively develop business expansion measures to enhance our presence in
these markets.