Market Growth

Market Growth and HOYA’s Potentials

The Life Care business is expected to grow on the basis of the global aging population and improved living standards in emerging countries.
The Information Technology market shows some signs of having matured in terms of growth cycles but still has promising areas in technology advancement. We are determined to continue investing in such growth areas.

Life Care Market growth, driven by global aging population and improving living standards in emerging countries

World Aging Population (65 and over)

World Aging Population (65 and over)

Source: The United Nations

Aging global population expands market

The aging global population is expected to boost demand for eyeglasses due to normal deterioration of vision by aging. Demand for medical flexible endoscopes are also anticipated to rise as a result of policies to restrain an increase in government medical expenditures, through preventive screening.

World Middle-Class Population

World Middle-Class Population

Source: OECD

Emerging countries’ improving living standards expands the market

Middle-income populations are increasing on the basis of economic growth of emerging countries. More people will have opportunities to buy eyeglasses or receive medical treatment, which means expansion of business opportunities for HOYA.

World Eyeglass Lens Market

World Eyeglass Lens Market

HOYA’s estimate

Increase in the elderly and middle-class population expands the market

Demand for eyeglass lenses is increasing worldwide, due to aging of populations, higher purchasing power supported by emerging countries’ economic growth, rising health consciousness, and impairment of vision caused by use of computers and smartphones for long hours.

World Medical Endoscopes Market

World Medical Endoscopes Market

HOYA’s estimate

Market Growth Drivers
Aging population
Increase in cancer rate
Initiatives for disease prevention
Desire for improvement of QOL and low-invasive diagnosis and treatment devices
Improved medical infrastructure in emerging countries
More demand for low-invasive medical devices drives growth in the endoscope market

Medical expenses are increasing worldwide, along with aging of populations. Governments are promoting disease prevention and early discovery of diseases, as well as low-invasive medical treatment. In particular the importance of the latter is rising in popularity, as part of the trend of reducing invasive medical treatment. Medical flexible endoscopes, which allow physicians to diagnose and treat the patient in a less-invasive way help to fulfill such needs.

Information Technology Market growth, driven by advanced technology
and applications

The Information Technology business may appear to be in a matured stage, but each of our products has potential growth sub-segments.

One such segment is the semiconductor mask blanks category, particularly mask blanks for use in connection with extreme ultraviolet wavelength (EUV) exposure technology. EUV is used to transfer semiconductor circuit pattern to a substrate. It is a potential key for advanced miniaturization of semiconductor circuits. HOYA understands client needs accurately and precisely, and properly responds to technological requirements with the underlying objective of being a leader in the cutting-edge blanks market.

A second segment is nearline server application of glass disks for HDDs. The number of nearline servers, used for backups and archiving, is expected to increase, in response to a global surge in data volume. At the same time, memory storage per server needs to be increased in order to realizing more efficient storage space within data centers. HOYA responds to such needs by providing customers with thinner disks, enabling an increase in the number of disks per server. This is helping us to increase disk shipment volume.

Third, imaging products to be used for vehicles and surveillance cameras deserve attention. Lenses for motor vehicles are projected to increase in demand, for sensors that are indispensable for automatic driving. Surveillance cameras are being installed in greater numbers, on the streets as well as in public facilities, commercial facilities and production lines across the world. In addition to strength in value-added glass materials and aspherical lenses, HOYA can satisfy customer needs by providing lens units.
We thus intend to expand sales of our products in these growth markets.

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