Senior living and wellness: Numbers speak louder than words! Presented by: Colin Milner, CEO, International Council on Active Aging 866-335-9777 - 604-734-4466 - colinmilner@icaa.cc – www.icaa.cc Why this webinar? ICAA Partner Advisory Board Over the course of next hour 1. Senior living industry by segment and define wellness 2. Current state of wellness in senior living, and why communities implement wellness 3. What we can expect over the next 2 years, from community development to products purchased 4. The future How to get the most out of this session: 1. Ask what if? 2. Ask question? Write question down and then submit at the end. 3. Implement one or two ideas right away What does this mean to you? Idea Owner/manager Product designer/ manufacture Marketer Research Sales person Program manager Personal trainer Fitness instructor Idea Idea Idea Facility designer The research for this presentation The Research • ICAA Wellness Industry Survey 2012 553 organizations • ICAA Wellness Industry Survey 2010: 640 organizations • Future of Active Aging 2011: 42 CEO’s, President and Vice President of major multi-location communities • General research What types of organizations make up ICAA ICAA has 9,200 members. 7,452 (81%) of these members are senior living. ICAA members by market % 1. Senior Living (largest segment CCRC) 81% 2. Senior Centers 3. Fitness 4. Miscellaneous 5. Universities/Researchers 6. Hospitals 7. Parks and Recreation, YMCA 8. Consultants Total percent 8% 3% 3% 2% 1% 1% 1% 100% Source: ICAA Wellness Industry Survey 2012 Source: ICAA Wellness Industry Survey 2012 Senior Living by Segments The types of seniors housing are organized by the functional capacity and lifestyles of their residents. Independent living housing •Planned active adult communities •Independent living •Seniors apartments The types of seniors housing are organized by the functional capacity and lifestyles of their residents. Assisted living housing • Continuing care retirement communities (CCRC) • Assisted-living residences • Nursing homes or long-term care facilities Integration and Intergenerational March Lifecare Campus A 6 million sq ft, 236 acre “health and wellness city. Cost of approximately $3.3 billion $1.6 billion dollar, 171-acre Union Village integrates comprehensive health and wellness capabilities with retail, entertainment and cultural amenities, as well as ‘smart’ senior and residential communities It’s not about age It’s about function What is wellness? Wellness At ICAA, “wellness” is an umbrella term for the environment and the programs that support the active-aging lifestyle. ICAA works within the seven-dimension model of wellness because it is frequently used and embodies the concept of active aging. The 7 dimensions of wellness Physical Intellectual Social Vocational Spiritual Emotional Environmental Wellness is a state of being describing a state of positive health in the individual and comprising biological and psychological well-being as exemplified by quality of life and a sense of well-being. (Adapted from Corbin, Lindsey, & Welk, 2000; Bouchard, et al., 1990; USDHHS, 2000). Current state of wellness in senior living 65% in 2010 29% in 2010 Source: ICAA Wellness Industry Survey 2012 6% Source: ICAA Wellness Industry Survey 2012 97% 88% 82% 74% 74% 61% 58% Source: ICAA Wellness Industry Development 2012 Source: ICAA Wellness Industry Development 2012 56% in 2010 17% in 2010 Source: ICAA Wellness Industry Survey 2012 Source: ICAA Wellness Industry Survey 2012 Source: Future of Active Aging 2011 The start of population aging 82% strongly agree or agree that senior living industry will see dramatic change in the services it provides over the next 10 years architects, developers, builders, consultants, suppliers, management, staff training. Growing number of programs require space to deliver them. These areas are CURRENTLY available to older adults on survey respondents properties. Fitness/wellness centers Community Type Stand Stand alone alone Fitness wellness Center center Active Adult 46.20% 30.80% IN/AL 17.90% 26.40% IL 14.30% 23.80% CCRC 45.40% 51.70% AL 25.00% 20.80% Source: ICAA Wellness Industry Survey 2012 Fitness/wellness spaces Community Type Active Adult IN/AL IL CCRC AL Fitness Room 87.20% 90.60% 76.20% 93.10% 54.20% Studio for Group X 61.50% 34.90% 19.00% 56.90% 20.80% Source: ICAA Wellness Industry Survey 2012 Multipurpose room 89.7% 84.90% 76.20% 93.10% 54.20% Therapy space Type of Physical company Therapy Occupational Therapy AA 46.20% 41.00% IN/AL 52.80% 42.50% IL 33.30% 23.80% CCRC 94.30% 78.70% AL 83.30% 62.50% Source: ICAA Wellness Industry Survey 2012 Outdoor spaces Community type AA IN/AL IL CCRC AL Walking trails 74.40% 65.10% 57.10% 77.00% 50.00% Source: ICAA Wellness Industry Survey 2012 Outdoor area for physical activity 74.40% 62.30% 47.60% 72.40% 62.50% Meditation gardens/ gardening 38.50% 67.00% 61.90% 75.30% 66.70% Courts and sports Type of company AA IN/AL IL CCRC AL Sports courts (Tennis, basketball) 25.60% 2.80% 0% 15.50% 4.20% Game courts (shuffleboard, putting) 53.8% 40.60% 47.60% 60.90% 8.30% Source: ICAA Wellness Industry Survey 2012 Aquatic spaces Type of company Swimming Small pool pool Warm water therapy AA 53.80% 33.30% 30.80% IN/AL 34.00% 19.80% 21.70% IL 9.50% 28.60% 4.80% CCRC 52.90% 30.50% 36.20% AL 16.70% 12.50% 12.50% Source: ICAA Wellness Industry Survey 2012 Changing room and amenities Type of company AA IN/AL IL CCRC AL Changing or locker Sauna and Steam rooms 61.50% 33.30% 43.40% 4.7% 38.10% 4.8% 69.50% 7.5% 25.00% 0.00% Source: ICAA Wellness Industry Survey 2012 Salons and Spas Type of company Beauty Salon Spas and services AA 69.20% 48.70% IN/AL 96.20% 45.30% IL 85.70% 28.60% CCRC 98.90% 61.50% AL 91.70% 25.00% Source: ICAA Wellness Industry Survey 2012 Food and entertainment spaces Type of company AA IN/AL IL CCRC AL Dining services 79.50% 99.10% 95.20% 99.40% 95.80% Cafes /juice bars 61.50% 57.50% 66.70% 77.00% 45.80% Source: ICAA Wellness Industry Survey 2012 Movie Theatres 48.70% 50.00% 33.30% 55.20% 20.80% Business center or computer room Type of company AA IN/ASL IL CCRC ASL Business center or computer room 84.60% 90.60% 90.50% 89.10% 54.20% Source: ICAA Wellness Industry Survey 2012 Library 89.7% 98.10% 81.00% 98.90% 79.20% Activities and their space AA IN/AL IL CCRC AL Billiards 59.00% 66.00% 76.20% 75.90% 20.80% Crafts 76.90% 84.00% 57.10% 87.90% 70.80 Source: ICAA Wellness Industry Survey 2012 What is projected for the next 2 years 68% 36% 24% 13% 15% 9% Source: ICAA Wellness Industry Survey 2012 41% 31% 20% 9% Source: ICAA Wellness Industry Survey 2012 Source: ICAA Wellness Industry Survey 2012 Top growth areas for next 2 years Community Type Café and Juice Bars Stand alone fitness/ wellness center Meditation gardens Walking trails or paths Studio dedicated to dance and exercise Spa services Game courts (shuffleboard, etc) Fitness room 2012 28% 2010 24% 26% 25% 19% 16% 21% 22% 17% 14% 13% 12% 15% 14% 15% 18% Source: ICAA Wellness Industry Survey 2012 and 201o What types of products does your organization plan to purchase or lease in the NEXT 2 YEARS? Product category Activity supplies (e.g. art, photography, board or other games) Aquatics equipment and services Beauty/spa products Assessment tools (e.g. machines, software, calipers, scales) Computer equipment for older adults to use Computer software for older adults (sometimes called “brain fitness”) Software to benchmark fitness or wellness program Alert systems; wireless monitoring Computer-generated games, such as Wii Outdoor exercise equipment Exercise equipment Landscaping and maintenance Recreation supplies (e.g. nets, balls) Rehabilitation or therapy (e.g. assistive devices, tables) Furnishings, lighting, acoustics Floors, carpets Other, please specify Source: ICAA Wellness Industry Survey 2012 Percentage 56% 33% 18% 25% 25% 27% 22% 16% 21% 16% 58% 31% 45% 22% 30% 33% 9% Equipment type Hand-held strength equipment (e.g., free weights; bands, tubing, elastic resistance) Cardiovascular conditioning (e.g., treadmill, upright cycles, elliptical) Aquatics equipment (e.g., noodles, resistance tools, paddles) Not sure, don't know Exercise, Pilates or yoga mats Recumbent cardiovascular equipment (e.g., cycle, stepper) Stability balls, balls for tossing or holding Portable balance equipment (e.g., boards, foam pads, BOSU) Strength training machines Foam rollers, steps, boxes Stationary balance assessment or training equipment Stretching equipment Yoga blocks and straps Pulley equipment or system Assessment tools for body composition Other, please specify Vibration platform Source: ICAA Wellness Industry Survey 2012 Percentage 51% 38% 36% 33% 32% 31% 31% 29% 27% 25% 18% 15% 15% 12% 11% 5% 3% Who does the buying? ICAA Wellness Industry Development 2010 Source: ICAA Wellness Industry Survey 2012 The Future = Health + aging = the perfect storm More years + More people + More disease + More costs = More challenges The medical (sickness) model has helped us to live longer Unsustainable I can do model = More research and media coverage + More human potential + More wealth + More solution = More opportunities It’s not about age It’s about function Management/personnel companies Over the last hour 1. Senior living industry by segment 2. Current state of wellness in senior living, and why communities implement wellness 3. What we can expect over the next 2 years, from community development to products purchased 4. What the future may hold The Future Learn more about how ICAA can assist you with growing your business within senior living. Contact: Colin Milner, CEO, International Council on Active Aging Toll-free 866-335-9777 or 604-734-4466, or e-mail him at Colinmilner@icaa.cc