Incontinence in the United States: Understanding the Stats and Market Growth

Summary

• Over 13 million individuals in the United States suffer from incontinence, with the majority being women and older adults.
• Only a small percentage of individuals with Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) utilize these accounts to purchase incontinence products.
• The incontinence product market in the United States is growing, with an increasing demand for innovative and discreet products.

Overview of Incontinence in the United States

Incontinence is a common and often stigmatized condition that affects over 13 million individuals in the United States. It is important to note that the prevalence of incontinence increases with age, with approximately 51% of adults aged 65 and older experiencing some form of incontinence. Women are also more likely than men to experience incontinence, with an estimated 51% of older women affected compared to 17% of older men.

Types of Incontinence Products

There is a wide range of incontinence products available in the market to help manage the condition. These products include:

1. Disposable absorbent pads and underwear
2. Reusable absorbent underwear
3. Incontinence briefs and adult diapers
4. Underpads
5. Urinary catheters

Utilization of HSA and FSA Accounts for Incontinence Products

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are tax-advantaged accounts that allow individuals to save money for medical expenses. However, a significant percentage of individuals in the United States do not utilize these accounts to purchase incontinence products.

According to a recent survey conducted by the National Association for Continence, only 12% of individuals with HSAs or FSAs reported using these accounts to purchase incontinence products. This highlights a gap in understanding and awareness of the eligible expenses that can be covered by these accounts.

Barriers to Utilizing HSA and FSA Accounts for Incontinence Products

There are several barriers that prevent individuals from utilizing their HSA or FSA accounts to purchase incontinence products:

1. Lack of awareness: Many individuals are not aware that incontinence products are eligible expenses under HSAs and FSAs.
2. Stigma: The stigma associated with incontinence may discourage individuals from openly discussing their condition and purchasing related products.
3. Cost: Some individuals may find incontinence products to be expensive and may prioritize other medical expenses when using their HSA or FSA funds.
4. Complex reimbursement process: The reimbursement process for purchasing incontinence products through HSA or FSA accounts may be perceived as complicated and time-consuming.

Growth of the Incontinence Product Market in the United States

The incontinence product market in the United States is growing, driven by an increasing demand for innovative and discreet products. According to a report by Grand View Research, the global adult incontinence products market size was valued at USD 9.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028.

Key factors contributing to the growth of the incontinence product market include:

1. Increasing prevalence of incontinence among aging populations
2. Technological advancements in product design and materials
3. Growing awareness and acceptance of incontinence as a common medical condition

Conclusion

Incontinence is a prevalent condition in the United States, affecting millions of individuals across different age groups and demographics. Despite the availability of HSA and FSA accounts to cover medical expenses, only a small percentage of individuals use these accounts to purchase incontinence products. As the market for incontinence products continues to grow, raising awareness and removing barriers to access these products through HSA and FSA accounts will be crucial in improving the quality of life for individuals living with incontinence.

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