Hoya Corporation-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Eyewear are corrective or protective devices designed to safeguard the eyes from harmful radiations, improve vision and enhance the overall appearance. Growing elderly population would thrust the demand of vision correction spectacles, as vision deteriorates with ageing, thus generating the need for spectacles and other corrective eyewear. Owed to reducing birth and fertility rates, countries such as China and Japan are experiencing vigorous growth in the number of old aged people, thereby creating an amplifying demand for spectacles in the region. In addition, the market is witnessing an increasing demand of branded international eyewear labels by the fashion enthusiasts, due to increasing accessibility and affordability.