Jackie Beaulieu, HCEA Executive Vice President HCEA 2013 STATE of the INDUSTRY Research Underwriters Why is this important? empowers you Understanding big picture trends to make better informed decisions. Total Attendees Reported in 2012 Flying Physicians Association Association for Play Therapy Blepharospasm Research Foundation Attendance swings for two large events Medical meetings represent over 400 specialties Accreditation Council for Continuing Medical Education (ACCME) AdvaMed Code of Ethics Agence Française de Sécurité Sanitaire des Produits de Santé (AFSSAPS) American Medical Associaiton (AMA) Best Practices on Exhibitor Designated Contractors Canada Food & Drug Act Canada Rx&D Code of Ethical Practices Canadian Pharma Code Code for Interactions with Companies Council of Medical Specialty Societies (CMSS) Department of Healthcare and Human Services, Office of the Inspector General (OIG) EFPIA Codes of Practice EucoMed Code of Ethical Business Practice Food and Drug Administration (FDA) Guidelines for U. S. Healthcare Conventions HCEA Convention Housing Position Statement IFPMA Americas Region IFPMA Asia & Pacific Region IFPMA European Region IFPMA Middle East and Africa Region International Pharmaceutical Congress Advisory Association (IPCAA) International Pharmaceutical Federation (FIP) IPCAA Healthcare Congress Guidelines Medical Imaging and Technology Alliance (MITA) OIG Guidance PhRMA Code on Interactions with Healthcare Professionals Physcian Payment and Affordable Care Act (PPACA) Physcian Payment Sunshine Act (2009) Prescription Drug Advertising and Promotional Labeling - DRAFT GUIDANCE Product Name Placement, Size, and Prominence in Advertising and Promotional Labeling Regulatory Acts Sponsorship Solicitation Guidelines Statments and Guidelines TSEA/HCEA Standard on Electronic Output Files Washington, DC SafeRx Law Approximately …industry codes, guidelines and laws by state and country HCEA State of the Industry Meeting Trends Economic Trends Future Outlook Industry perspective from multiple viewpoints Meeting Trends Top 50, Attendance, Exhibits, Space Cost, International Attendance Growth in the Top 50, 2011 to 2012 Note: HCEA updates historical data as reported, which is reflected in successive reports. In some instances where professional attendance has not been supplied HCEA applies a standard baseline average ratio to the organizer’s reported total attendance. Attendance Growth in the Top 50, 2012 vs .2007 Professional attendance is nearly back to pre-recession levels. Note: HCEA updates historical data as reported, which is reflected in successive reports. In some instances where professional attendance has not been supplied HCEA applies a standard baseline average ratio to the organizer’s reported total attendance. Attendance Trends in CEIR Index Healthcare Sector vs. Overall Exhibition Industry, Index of Attendees, 2009=100 Attendance Growth in the Top 50 Professional attendance growth for some, not for others. Attendance Growth by Meeting Category Large Meetings: 4,000+ Total Attendees International Attendance Growth From meetings with 10,000+ total attendees 1998 2003 2008 2011 2012 23.6% 19.9% 29.0% 25.2% 25.3% *Percentages from 1998 and 2003 include smaller sample sizes and historical estimates by event organizers. Exhibit Hall Trends in Exhibits and Net Sq. Ft. Large Meetings: 4,000+ Total Attendee Note: Exhibit figures have been adjusted from 2006 forward to reflect updated reporting definitions. 10x10 Space Cost Trends from 1997-2012 Space cost maintains increases. Medical Meeting Location Trends 2011 and the last five years Medical Meeting Location Trends 2012 Top 20 Destinations 1 2 3 4 5 6 7 8 9 9 11 12 13 13 15 16 17 18 18 18 San Diego Orlando New Orleans Philadelphia San Francisco Anaheim/Los Angeles Boston Chicago Las Vegas Washington Atlanta Denver Phoenix Scottsdale San Antonio Miami/Miami Beach Dallas Baltimore New York Seattle 2010 Top 20 CEIR Destinations 1 2 3 4 5 6 7 8 8 10 11 12 13 14 15 16 17 18 19 20 Las Vegas Orlando Chicago New York Atlanta San Diego Wash. DC Boston Dallas Houston San Francisco San Antonio Denver New Orleans Nashville Austin Phoenix Los Angeles Philadelphia Anaheim Medical Meeting Timing Trends When are medical meetings most often held? Timing Trends for All Meetings All meetings held from the 2010 CEIR census. Economic Trends Economics, Dow Jones, GDP Dow Jones Titan Index of Healthcare Source: Dow Jones National Healthcare Expenditure (% Change) Despite multiple recessions, annual national healthcare expenditures from 1960 through 2012 have increased. CEIR Total Index vs. Quarterly Real GDP Year-on-Year % Change Future Outlook What do your colleagues think? Healthcare Exhibitor Outlook In 2014, do you anticipate that your company will exhibit: 58 Companies Reporting Healthcare Exhibitor Outlook In 2014 do you expect that your spending in the following areas will increase, decrease or have no change? 58 Companies Reporting Medical Show Organizer Outlook In 2014, do you anticipate that your primary conference attendance will: 28 Associations Reporting Medical Show Organizer Outlook In 2014, do you expect that your net square footage will: 28 Associations Reporting Medical Show Organizer Outlook In 2014, do you anticipate that the number of your exhibits will: 28 Associations Reporting Future Outlook What do you see as the biggest challenges facing healthcare exhibitors in the coming year? 1. 2. 3. 4. Budget constraints/cost management Regulations/Guidelines Traffic in hall / attendee interaction Exhibitors not being creative enough to adapt how they interact on the show floor 5. Show organizers not being creative enough to make the exhibit hall more compelling Future Outlook What do you see as the biggest challenges facing healthcare conventions in the coming year? 1. 2. 3. 4. Traffic in hall / attendee interaction Budget and cost implications Regulations/Guidelines Sustainability of the current convention/exhibit model Industry Issues Success Trends Exercising collaboration between show organizers and exhibitors to make the exhibit hall compelling, cost conscience and valuable. Exhibitors who are being proactive in re-inventing how they weave education and science into their exhibit experience to attract HCPs. Ongoing evolution of turning exhibit halls into ecosystems of clinical and scientific exploration for HCPs. New era of learning and engagement rise to the challenge The industry continues to of re-inventing the medical meeting and exhibition experience. Jackie Beaulieu, HCEA Executive Vice President HCEA 2013 STATE of the INDUSTRY