Incontinence Statistics: 25 Million Adults Affected, Growing Market Trends, and Low Utilization of HSA and FSA
Summary
- More than 25 million adults in the United States are currently living with some form of incontinence.
- Despite the high prevalence of incontinence, only a small percentage of individuals utilize their Health Savings Account (HSA) or Flexible Spending Account (FSA) to purchase incontinence products.
- There is a growing market for incontinence products in the United States, with the industry expected to continue to expand in the coming years.
Incontinence is a common condition that affects millions of Americans across the country. According to the National Association for Continence, more than 25 million adults in the United States are currently living with some form of incontinence. This includes both men and women of varying ages and backgrounds.
Studies have shown that incontinence can have a significant impact on an individual's quality of life, leading to feelings of embarrassment, isolation, and frustration. Many individuals who experience incontinence may also struggle with finding the right products to manage their condition effectively.
Despite the high prevalence of incontinence in the United States, only a small percentage of individuals utilize their Health Savings Account (HSA) or Flexible Spending Account (FSA) to purchase incontinence products. These accounts are designed to help individuals save money on healthcare expenses, including the cost of medical supplies and products.
However, a report by the Centers for Disease Control and Prevention (CDC) found that less than 10% of individuals with incontinence currently use their HSA or FSA to purchase incontinence products. This may be due to a lack of awareness about the eligibility of these products or a reluctance to discuss their condition with healthcare providers.
Market Trends in the Incontinence Industry
- The incontinence product market in the United States is projected to reach $9.7 billion by 2025, according to a report by Grand View Research.
- This growth is driven by an aging population, increasing awareness about incontinence, and advancements in product technology.
- Major companies in the incontinence industry, such as Kimberly-Clark and Essity, continue to innovate and develop new products to meet the diverse needs of individuals with incontinence.
Conclusion
Incontinence is a widespread and often challenging condition that affects millions of individuals in the United States. While the prevalence of incontinence continues to rise, many people are not taking advantage of their HSA or FSA to purchase necessary incontinence products.
As the incontinence product market continues to grow and innovate, it is important for individuals with incontinence to explore all available options for managing their condition effectively. By leveraging HSA and FSA accounts, individuals can save money on necessary products and improve their quality of life.
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