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Deloitte Analysis: Consumer Demand for Virtual Health Outpaces Market Offerings

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Ninety-four percent of consumers want virtual health, yet nearly 50% of health systems are providing the same or fewer virtual visits compared to two years ago

NEW YORK, Oct. 16, 2024 /PRNewswire/ — 

Key takeaways

Ninety-four percent of consumers are willing to return for virtual health visits in the future — up from 80% of consumers surveyed in 2020.Meanwhile, nearly 50% of health systems surveyed say they offer the same or fewer virtual visits today compared to 2022 with some ending virtual visits completely.Eighty-two percent of health system executives would be willing to expand virtual care services if reimbursement rates were equivalent to in-person care.Forty-three percent of millennials and 33% of Gen Z surveyed say they would switch their doctors if virtual visits are not offered.

Why this matters
Today’s health care consumers are accustomed to highly personalized virtual experiences, and they’re willing to switch providers to get it. The findings from Deloitte’s latest report, “The growing disconnect between virtual health availability and consumer demand,” underscore a gap in health care systems’ understanding of today’s health care consumer. The report shows that 40% of health care systems reduced or discontinued virtual visits because they perceived low patient interest. While the report indicates additional reasons health systems are reducing virtual visits, Deloitte suggests that virtual health has the potential to be a profitable growth area at a time when health systems need it most and presents opportunities to improve patient experience and access to care.

Convenience and cost are driving consumers to go virtual  
In today’s fast-paced world, many consumers expect the flexibility of conducting their day-to-day activities  virtually— whether it’s working, managing finances, or shopping. The demand for convenience in health care is apparent with Deloitte’s survey showing patients increasingly seeking virtual appointments as a more flexible and accessible option. The ability to schedule appointments at convenient times, avoid travel and reduce wait times is appealing to more health care consumers who value efficiency and convenience.

Convenience is the No. 1 reason why consumers are choosing virtual health visits over in-person appointments. People favored more flexible appointment times (64%), the elimination of travel to get to the appointment (44%), and shorter wait times (37%).Cost was another benefit to consumers, with one-third saying virtual visits are more cost effective for them considering expenses like time off from work, transportation, parking and childcare.Flexibility is important, as 1 in 4 survey respondents are willing to switch doctors to get access to virtual care.More Hispanic (38%) and Black (29%) respondents would consider switching doctors to ensure the availability of virtual visits than white (21%) and Asian (17%) respondents.

Key quote
“Health care consumers today  appear to feel empowered, and  many are seeking experiences with providers that can deliver personalized care when, where and how they want to receive it. Our research suggests that some patients are willing to change providers if they don’t offer virtual health, so this should be a clear signal to health care systems that the needs and preferences of their consumers  should be understood and acted upon.”

—     Urvi Shah, principal, Life Sciences and Health Care, Deloitte Consulting LLP

Clinician resistance and reimbursements hindering virtual health growth
Provider adoption of virtual care has been hindered by several challenges:

Low interest among physicians and clinical teams remains a challenge, with 60% of health system executives citing this as the main factor.Inadequate reimbursement rates and changes in payment incentives: (82%) of health system executives would be willing to expand virtual care services if reimbursement rates were equivalent to in-person care.Health system executives also say they were influenced by what they perceived to be low patient interest (40%).

Key quote
“Despite these challenges, the growing consumer demand for virtual health presents a significant opportunity for health care systems. There are operational strategies that can enhance the profitability of virtual health, even with lower payments. The concept of Smart Hospital of the future is no longer a sci-fi concept — it’s here and starting with immersive experiences with virtual reality and a wide variety of tech and digital tools and can only expand access and reduce obstacles from a health equity standpoint.”

—     Anwesha Dutta, managing director, Smart Hospital of the Future Leader and Tech Strategist, Health Care Consulting, Deloitte Consulting LLP

Consumer-centric growth opportunity for health systems
The increasing demand for virtual health underscores a need for health systems to prioritize new strategies, operations capabilities and technologies to transform care delivery, attract and retain patients and improve margins. However, challenges such as limited access to capital and increased scrutiny on return on investment should be addressed. Overcoming these obstacles will be important for health systems to capitalize on the opportunities presented by virtual health and transform health care delivery centered around the patient experience.

About the surveys
In July 2024, the Deloitte Center for Health Solutions conducted a survey of more than 2,000 U.S. consumers to understand their experiences with virtual health care. To understand health systems’ perspectives, the Center for Health Solutions surveyed 51 U.S. health system executives about their virtual health strategies.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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SOURCE Deloitte

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OSL Achieves SOC 2 Type 2 Certification for Second Consecutive Year and Transitions to Annual Issuance

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The shift to annual issuance of the SOC 2 Type 2 report offers a more comprehensive view of control and operating effectiveness for data security.The report has examined OSL’s custody, automated trading services (ATS), and software-as-a-service (SaaS) operations.

HONG KONG, Jan. 16, 2025 /PRNewswire/ — OSL Digital Securities (OSL), a leading regulated digital asset platform and a member of OSL Group (863.HK), today announced the successful completion of its SOC 2 Type 2 report for the second consecutive year. The report includes the company’s custody, automated trading services (ATS), and software-as-a-service (SaaS) operations.

In line with industry best practices, OSL has extended the observation window of the SOC 2 Type 2 Report to 12 months. This change enables a more thorough and strategic evaluation of the controls and efficacy of its data security management, underscoring OSL’s strong dedication to transparency, compliance, and data protection. 

The SOC 2 Type 2 certification, conducted by a renowned Big Four accounting firm, highlights OSL’s high standards of security, availability, and confidentiality across its custody, ATS, and SaaS solutions. This certification provides important assurance to clients who require third-party validation to fulfill their due diligence and compliance requirements.

Kevin Cui, Executive Director and Chief Executive Officer of OSL, said: “Data security and protection are paramount in the digital asset industry. We have invested significantly into driving operational excellence and regulatory compliance, and maintaining our SOC 2 Type 2 certification is a key part of that commitment. Our ultimate goal is to continue leading and enhancing the security and compliance standards for our industry.”

SOC 2, which stands for “System and Organisation Controls 2”, is a framework that defines a set of rules and standards an organisation must follow to ensure the safety and security of the information it manages. It is an authoritative assurance report that is particularly vital for institutional clients, such as banks and audited firms.

About OSL

Backed by Asia’s leading public fintech and digital asset company, OSL Group (863.HK), formerly BC Technology Group, OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed digital asset solutions.

OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to global liquidity through its best-in-class digital asset platform. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.

As the digital asset industry continues to evolve, so does OSL. OSL’s simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.

For more information, visit: osl.com

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SOURCE OSL

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Transmission Electron Microscope Market to grow by USD 528.8 Million (2024-2028), driven by focus on nanotechnology, with a report on how AI is reshaping the landscape – Technavio

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NEW YORK, Jan. 16, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global transmission electron microscope market  size is estimated to grow by USD 528.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.76%  during the forecast period. Increasing focus on nanotechnology is driving market growth, with a trend towards development of new forms of transmission electron microscopes. However, high cost and heavy excise duty of transmission electron microscopes  poses a challenge. Key market players include Advantest Corp., Agilent Technologies Inc., AMETEK Inc., Angstrom Advanced Inc., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., Hitachi Ltd., IXRF Inc., JEOL Ltd, NanoScience Instruments Inc., Nikon Corp., Nion, Olympus Corp., Oxford Instruments plc, Roper Technologies Inc., Thermo Fisher Scientific Inc., and VIDEOTON HOLDING ZRt.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Application (Life science, Material science, Nanotechnology, Semiconductor, and Others), End-user (Industries, Academic institutes, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Advantest Corp., Agilent Technologies Inc., AMETEK Inc., Angstrom Advanced Inc., Bruker Corp., Carl Zeiss Stiftung, Danaher Corp., DELONG INSTRUMENTS AS, Hirox Co. Ltd., Hitachi Ltd., IXRF Inc., JEOL Ltd, NanoScience Instruments Inc., Nikon Corp., Nion, Olympus Corp., Oxford Instruments plc, Roper Technologies Inc., Thermo Fisher Scientific Inc., and VIDEOTON HOLDING ZRt

Key Market Trends Fueling Growth

The transmission electron microscope market is experiencing significant growth due to the development of new types of transmission electron microscopes. These advanced models include reflection electron microscopes (REMs), scanning-transmission electron microscopes (STEMs), low-voltage electron microscopes (LVEMs), and cryo-EM. Reflection electron microscopes (REMs) differ from traditional transmission electron microscopes by collecting electrons that are elastically scattered from the object, rather than those that pass through it. REMs are particularly useful when surface information of the specimen is required. Scanning-transmission electron microscopes (STEMs) are increasingly adopted in research laboratories due to their ability to produce images or results directly, without the need for interpretation. STEMs come in two types: conventional transmission electron microscopes, which require additional detectors, scanning coils, and circuitry, and dedicated STEMs, which have all the circuitry embedded. Low-voltage electron microscopes (LVEMs) combine the features of transmission electron microscopes, scanning electron microscopes, and STEMs. Operating at a low voltage, LVEMs provide high contrast images, which is essential for studying biological specimens. LVEMs are available in benchtop mode and are one of the smallest multimode desktop electron microscopes. Cryo-EM uses frozen samples, gentle electron beams, and sophisticated image processing to study biomolecules without the need for crystals. Cryo-EM allows scientists to observe biomolecules as they perform their functions, making it an invaluable tool in the field of biology. Liquid-phase TEM (LP-TEM) ensures in-situ observations of materials in liquids at the highest spatial and temporal resolution in controlled environments. LP-TEM is crucial for studying fluid properties and temperature, but caution must be taken for changes induced by electron beams in pH, nucleation rate, and radiolysis. Overall, the advancements in transmission electron microscopes are driving the growth of the global transmission electron microscope market. These new forms of microscopes offer unique benefits, making them indispensable tools in various industries, including materials science, biology, and electronics. 

The Transmission Electron Microscope (TEM) market is experiencing significant growth due to its application in various industries. In life sciences, TEMs are crucial for cancer research and virology, providing 2D images of specimens at the nanoscale. In materials sciences, TEMs help analyze semiconductors and wafers, enabling the study of their 3D structure and properties. TEMs are also essential in pollution research, nanotechnology, paleontology, and palynology. Industries like automotive, aerospace, electronics, oil & gas, environmental, water treatment, hospitals, diagnostic centers, blood banks, and forensic labs rely on TEMs for their research and development. TEMs offer high throughput methods, super resolution, digitization, live-cell imaging, and expansion and multi-view microscopes. Sample preparation techniques have also advanced, making TEMs more accessible. Neutron spectroscopy, X-ray diffraction, and electron microscopy imaging are complementary techniques that enhance TEM’s capabilities. TEMs operate at the de Broglie wavelength, enabling the study of nanometers-scale objects. Overall, the TEM market is expanding, driven by its applications in various industries and advancements in technology. 

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Market Challenges

The Transmission Electron Microscope (TEM) market faces significant challenges due to the high initial investment cost and the dependence on government and corporate funding for research institutes. This funding can be unpredictable, leading to market volatility. Additionally, high import duties and taxes, such as customs duties, imposed by various governments can increase the final product cost. Some countries, like the US, China, Canada, India, and Brazil, levy indirect taxes at both the national and state levels, with tax rates ranging from 11% to 17%. These taxes and excise duties contribute to the overall increase in product costs, potentially hindering the growth of the global TEM market during the forecast period.The Transmission Electron Microscope (TEM) market faces several challenges in various industries. In research centers, the use of licensed closed-source software limits the flexibility and collaboration among researchers. In electronics and medicine, the need for advanced microscopes for nanotechnology, surface physics, and surface analyses is growing, requiring significant investment. For solid specimens, TEMs offer unparalleled magnification, making them essential for gemology, medical sciences, forensic sciences, and more. However, the complex electron gun, condenser system, objective lens, movable specimen stage, image-recording system, and vacuum system make TEM instruments expensive and challenging to operate. The market for TEMs is expanding in nanomaterials, energy-related materials, polymers, glassy substances, biomolecular mechanisms, viruses, macromolecular complexes, and cellular structures. Industries, including catalysis research, environmental particles, and the nanoworld, rely on TEMs for scientific research and technological innovation. The electron source and electron optics system in a vacuum environment enable the study of ultrafast processes, making TEMs indispensable tools. Environmental TEMs and beam chopper technology, such as UTEM, offer solutions for specific applications. Overall, the TEM market’s growth is driven by the need for deeper understanding and discovery in various fields.

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Segment Overview 

This transmission electron microscope market report extensively covers market segmentation by

Application 1.1 Life science1.2 Material science1.3 Nanotechnology1.4 Semiconductor1.5 OthersEnd-user 2.1 Industries2.2 Academic institutes2.3 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and AfricaCountry
China, US, Japan, South Korea, and Canada

1.1 Life science-  Transmission Electron Microscopes (TEMs) play a crucial role in the field of life sciences, particularly in microbiology, by enabling researchers to examine microorganisms and their structures at the atomic level. These advanced instruments allow scholars to study intricate details of cellular environments, contributing significantly to the understanding of cell behavior, structure, and growth. With the potential to develop new drugs and medicines, academic institutions and pharmaceutical firms invest heavily in TEM technology. For instance, the Pennsylvania State University’s acquisition of FEI Company’s Titan/Krios TEM, which operates at extremely low temperatures, enhances their research capabilities and opens new avenues for exploration. TEMs enable the creation of 3D images of biological molecules such as DNA, proteins, and viruses, including the SARS-CoV-2 virus causing COVID-19. This technology’s ability to produce high-resolution images of these structures aids in the development of new vaccines and treatments. The ongoing research on single-dose COVID-19 vaccines is expected to fuel the demand for TEMs in the global market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

Research Analysis

The Transmission Electron Microscope (TEM) market encompasses a wide range of industries and applications, driven by the need for high-resolution imaging and analysis of nanoscale objects. TEM utilizes the principle of de Broglie wavelength, allowing electrons to pass through thin samples and create detailed images. Applications span various fields such as cancer research, virology, materials sciences, nanotechnology, paleontology, and palynology. Industries like life sciences, automotive, aerospace, electronics, oil & gas, environmental, water treatment, and research institutes, hospitals, diagnostic centers, blood banks, and forensic labs all benefit from TEM technology. Semiconductors and X-ray diffraction are also significant applications. TEMs, including Scanning Transmission Electron Microscopes (STEMs), are essential tools for studying nanometers-scale structures, providing valuable insights into their properties and behavior.

Market Research Overview

Transmission Electron Microscopes (TEMs) use the principle of de Broglie wavelength to generate high-resolution 2D images of specimens at the nanoscale. TEMs differ from light microscopes as they employ an electron gun and condenser system instead of light to illuminate the specimen. TEMs have significant applications in various fields such as cancer research, virology, materials sciences, pollution analysis, nanotechnology, paleontology, and palynology. They provide detailed information on the 3D structure of nanoscale objects, semiconductors, wafers, and other materials. TEMs are used extensively in the life sciences, semiconductor industry, automotive, aerospace, electronics, oil & gas, environmental, water treatment, hospitals, diagnostic centers, blood banks, forensic labs, and other industries. TEMs offer advanced features like live-cell imaging, super resolution, high throughput methods, expansion microscopes, multi-view microscopes, and integrated microscopy workflows. Sample preparation is crucial for obtaining high-quality images, and TEMs require specialized equipment and expertise. TEMs use closed-source and proprietary software, which can be expensive, while open-source software like ImageJ/Fiji, Neuronstudio, and L-measure offer cost-effective alternatives for small-scale end users. TEMs require skilled operators, including physicists, laboratory technicians, and other experts. The electron gun and objective lens focus the electron beam on the specimen, while the condenser system controls the illumination. The electron beam interacts with the specimen, producing various signals that are used to form the image. Neutron spectroscopy, X-ray diffraction, and electron microscopy imaging are complementary techniques used in conjunction with TEMs for comprehensive material analysis.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationLife ScienceMaterial ScienceNanotechnologySemiconductorOthersEnd-userIndustriesAcademic InstitutesOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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World Wisdom Agriculture Technology Exploration, 2025 March focus on the World Irrigation Science and Technology Exhibition

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BEIJING, Jan. 16, 2025 /PRNewswire/ — From March 31 to April 2, 2025, the 11th Beijing International Wisdom Agriculture and Irrigation Technology Expo and World Irrigation Technology Conference will be held in Beijing National Convention Center. At the same time, the third Beijing International Water Conservancy Science and Technology Expo will be held.

The conference is an innovation highland linking digital agriculture and irrigation technology at home and abroad, and is also the most professional and largest wisdom agriculture and irrigation exhibition in China. With an exhibition area of 30,000 square meters, 800 enterprises from 33 countries and regions around the world will display the world’s leading advanced equipment and technology, including 20 of the world’s top 500 enterprises and listed companies.

15,000 buyers from more than 10 countries and regions such as the United States, Italy, the Netherlands, Israel, Australia, Spain, France, Turkey, Cyprus, Japan and South Korea will visit and purchase.

In the same period, the Southeast Asia Agricultural Irrigation System Promotion Conference, the Silk Road-countries and Russia Agricultural Irrigation System Promotion Conference, the Beijing International Wisdom Agriculture Conference, the world’s first new technology and new products promotion conference, the global intelligent agricultural equipment innovation Ceremony and other activities will be held, bringing together the world’s agricultural cutting-edge technology and promote international trade cooperation.

If you want to know about this exhibition,welcome to visit our website: www.chinaite.com.cn

CONTACT: Taoran Hu, 463611470@qq.com

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SOURCE The 11th China(Beijing) International Irrigation Technology Exhibition

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