To our valued customers, we would like to express our gratitude for your continued support in using our products and services.
On April 2, we welcomed a total of 145 new recruits. They are the first to enter the company under our new name, "Canon Medical Systems Corporation". Each of these new recruits understands and is fully committed to our company philosophy, "Made for Life", and they enter the company with the sincere intention to contribute to healthcare. We expect that over the next 10 years, 20 years, or longer, they will accumulate specialized knowledge and grow as vital human resources to support Canon's healthcare business.
Reviewing the current business environment, this year the medical reimbursement system has been revised, which occurs every two years in Japan. The main focus of this revision was to establish a high-quality and efficient healthcare delivery system, taking into account that in 2025 the baby-boomer generation will reach the age of 75. The front line of medical care across the world also requires highly efficient systems, which can integrate the increasing volume of healthcare information and assist medical professionals in providing a high-quality service to their patients.
The healthcare environment is undergoing rapid changes, with aging societies in many countries, shifting disease prevalence patterns, and increasing medical costs. In order to meet these global challenges by providing optimal solutions, Canon Medical Systems must adapt, evolve, and move forward quicker than ever before.
As a Canon Group company, we exhibited our products at the 2018 International Technical Exhibition of Medical Imaging (ITEM 2018) held from April 13 (Friday) to April 15 (Sunday) at Pacifico Yokohama. At our booth, which was the largest in the exhibition hall, we presented a wide variety of solutions based on our state-of-the-art medical technologies for acquiring high-resolution images and optimizing workflow. We would like to express our appreciation to the many customers who visited our booth.
President and CEO