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What's new: Unlocking the future: Closing the gap between consumer expectations and community offerings in senior living report.

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Access and utilize the ICAA library of scientific studies, reports and statistics to assist you with the development of your business case for wellness, program and community design and development, evidence-informed lifestyle choices and marketing strategies and approaches.

Topic- Market opportunities

 

Stats: 156,000 more senior housing units needed by 2025-10354

Stats: 156,000 more senior housing units needed by 2025

In 2025, the first Boomers will turn 80. What does the industry need to do to prepare right now? The NIC MAP Vision project estimates that an additional 156,842 senior housing units will be needed. In a detail-filled blog, Lisa McCracken, Head of Research & Analytics at the National Investment Center for Seniors Housing & Care (NIC), presents an overview of what it will take to stay competitive going forward.

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Market opportunities

Stats: 35% of outdoor sports participants are older adults-9894

Stats: 35% of outdoor sports participants are older adults

The Outdoor Industry Association and Outdoor Foundation recently released findings from the "2023 Outdoor Participation Trends Report." The report reveals that the outdoor recreation participation base grew 2.3% in 2022 to a record 168.1M participants, or 55% of the US population over age 6. The report also found that the new participant base is becoming increasingly more diverse in terms of ethnicity, race, age, and sexual and gender identity.

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Market opportunities

Stats: Senior housing occupancy highest at 83%-9488

Stats: Senior housing occupancy highest at 83%

Overall, senior housing demand, as measured by the change in occupied units, continued to largely outpace new supply in the fourth quarter of 2022, marking its seventh consecutive quarter of positive increases, with a net absorption gain from the prior quarter of more than 8,600 units, or 1.5%, according to the NIC [National Investment Center for Seniors Housing & Care Senior ] MAP Primary Markets. From its pandemic low in the first quarter of 2021, senior housing occupied stock increased by about 52,200 units and is now above its pre-pandemic 1Q 2020 level. Of note, it took seven quarters to fully recover all the senior housing units vacated during the first four quarters of the pandemic.

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Market opportunities

Stats: Corporate wellness market to hit $75.3 billion by 2030-9359

Stats: Corporate wellness market to hit $75.3 billion by 2030

The global corporate wellness market is expected to reach USD 75.3 billion by 2030, expanding at a CAGR of 4.38% during the forecast period, according to a report by Grand View Research, Inc. Corporate wellness initiatives are targeting specific health risk factors such as stress, obesity, smoking, poor eating, and lack of exercise. Active-aging organizations should consider getting on board with these initiatives.

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Market opportunities

Tech Talk: AARP showcases age-tech at CES 2020-7736

Tech Talk: AARP showcases age-tech at CES 2020

AARP highlighted age-tech at the 2020 Consumer Electronics Show, held January 7-10 in Las Vegas. In a detailed press release, the organization describes initiatives to promote startups in the field, programs underway, and products potentially suitable for the active-aging market. Of note, AARP launched the Alcove ™ playground, a developer ecosystem that makes it easy to build or integrate virtual reality experiences into the AARP VR platform, and collaborated with Games for Change on a challenge aimed at motivating developers to create VR experiences that might enhance quality of life for older adults. Products introduced include a neuromodulation wearable that uses pulsed light and sound to potentially reduce chronic severe pain, and an intelligent bracelet that can help a user feel colder or warmer. Read the press release and also check out AARP's innovation labs page for more details on products and collaborations.

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Market opportunities

How much seniors housing will be needed going forward?-7727

How much seniors housing will be needed going forward?

NIC has uncovered some complex interactions between occupancy and rent growth in assisted living property markets, with implications for evaluating the attractiveness of a market for seniors housing investment or development. Its latest report investigates a four-year window - from 3Q 2015 through 3Q 2019 - in 31 primary markets, both in aggregate and individually. It delves deeply into factors affecting both strong performance and deceleration and provides useful insights for organizations considering expanding, consolidating, merging, etc. The freely available white paper highlights key trends.

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Market opportunities

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