In the mindset of the population, glasses are considered as a very efficient way to correct vision with – as we say when we talk about health products –an indisputable therapeutic value! They are fantastic products to treat refractive errors and fix vision distortion with almost 100% of success. If you do not mind, I would like to elaborate a bit further. Consequently, given the growing importance of the eye care concerns for the population and the very positive impact of prevention, I would not be surprised to see an increasing interest from the public authorities and private players in this health area. However, I agree with your analysis regarding the importance of prevention as it can help us to avoid significant future costs. To that end, we cannot say that today it is a direct burden on public finance. Eyeglasses are paid out of pocket with almost zero public funding and very limited private insurances. If it is right in many countries, I think Japan is in a slightly different position because eye care here is largely funded by the population itself. In your question, you mentioned increased public costs. All these factors are significantly contributing to an increase of the population daily eyes solicitation and therefore vision care needs. In addition to that, people are being exposed to longer screen times than ever before and this has been exacerbated further by the COVID-19 pandemic with people spending more time at home. Japan has an aging population but we can also observe an increase in life expectancy all across the globe. You mentioned the burden on society with the aging population and I think this is spot on. How is your firm tackling the Japanese market and adapting to this shift from treatment to prevention? If we talk about visual disorders, wearing the correct lenses can prevent degenerative visual conditions from worsening as well as save costs down the line. Japan’s aging society is putting a lot of stress on public finance and health care, inspiring a shift from a treatment model to a preventive health care model.
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