Sports participation of the elderly will increase on the back of a rapidly ageing world population and a more active lifestyle of senior citizens. This asks for a targeted approach of federations and companies. We discuss 10 emerging super trends.
Don’t you love those rare occasions during which you see an 80 year old finishing a marathon. Those are exceptions which will become less exceptional in the future. The senior citizen of the future is likely to be much more healthy, in much better shape and above all much more active. Sports participation of the elderly is on the verge of showing accelerating growth.
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According to the United Nations, the global population aged 60 years or over, amounts to around 1 bln out of a total of 7.5 bln and is growing fast. You might say that this is still not an awful lot, but if you realise that this number amounted to only 382 mln in 1980 and will grow to nearly 2.1 bln by 2050, you might think differently. Undoubtedly the world population is ageing. Let me put it differently: in 2011 the number of people aged 65 years and older as a percentage of the total population amounted to 11.2%. This will grow to an astonishing 22% by 2050.
This enormous increase can be explained by two phenomena: a rising life expectancy and falling birth rates. Let me elaborate. A girl born in 1914 in England had a 1% chance of living to the age of 100. A child born in the west today has a more than 50 per cent chance of living to become over 105. That’s a significant difference, isn’t it? Moreover, simultaneously the birth rate is declining, which will also has a significant impact. Obviously, this will have huge implications for our future society. Not only will it change labor supply and social dynamics, it also will lead to much higher healthcare costs.
But there is more than just the ageing world population. At the same time sports participation of the elderly is fueled by the following present and future trends:
The wish for a longer life and a healthier lifestyle. Ageing in a healthy way (forever young!) is the new religion of the elderly and rightly so! There is increased awareness that movement and sports lead to reduced stress, obesity, fall risk, cholesterol and depression, whilst muscle mass is maintained and the immune system also will improve. Not surprisingly this leads to an improved lifestyle and lower health related risks.
Undoubtedly health insurance companies will start to incentivize sports participation of the elderly as this will reduce the general health bill. Such incentives should help in raising awareness amongst senior citizens to exercise more.
Older women are increasingly becoming active in sports. Whereas in the past women were relatively underrepresented in the mix, this gap will gradually be reduced.
The need for social cohesion. The average modern senior citizen no longer stays in retirement homes. They prefer to live their life for as long as possible in the security of their own homes. Nevertheless they still long for social cohesion. Sports fits the bill!
The generational impact. Last but not least, there is a generational impact. Whereas a large part of the boomer generation (the ones born just after worldwar two) is not active in sports as they were just not used to participate in it. In contrast, Generation X, which will soon start to become 60 years old, has been raised with sports and exercise. They like their sports and realise the importance of it.
Many call themselves “Perennials”. Perennial is defined as lasting or existing for a long or infinite time. These people do not regard themselves as old or retired, but are active and young at heart. It is a mindset and sports is fitting their lifestyles very well. This trend won’t go away, particularly as healthcare and our ability to remain active for a longer time will improve.
Combining all these trends and adding them to the enormous growth in the sheer number of senior citizens, it means that the number of people in this age bracket who will participate in sports will even grow faster.
The senior citizens that will actively participate in sports may probably be best described as follows:
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Companies and sports federations still are focusing too much on the consumer behaviour of the younger generations and are at risk of neglecting its traditional consumers. This is logical as the younger generations still represent a huge percentage of the total. However, as the group of elderly will become bigger, no doubt companies and federations will grab the opportunity to also target this group. Governments and insurance companies will stimulate and push sports participation of the elderly, which will stimulate a targeted approach.
Also interesting to read: How GenZ will change the world of sports
On the back of this trend of sports participation of the elderly, new trends are likely to emerge. Some trends we can expect are:
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This all might still take some time but undoubtedly the Perennial lifestyle will gain popularity in our society. It is a no brainer: sports participation of the elderly will increase. It offers a unique opportunity for sports federations and the sports industry to raise sports participation of the elderly and opens a new revenue stream. If you have any ideas, I would love to hear from you. Please share your thoughts.
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