The Growing Market for Incontinence Products: Key Stats and Trends to Know
Summary
- Over 25 million American adults are currently living with some form of incontinence, making it a prevalent issue in the United States.
- Despite the high number of individuals affected by incontinence, only a small percentage utilize their Health Savings Account (HSA) or Flexible Spending Account (FSA) for purchasing incontinence products.
- There is a growing market for incontinence products in the United States, with projections showing an increase in demand in the coming years.
Introduction
Incontinence is a common condition that affects millions of Americans, both young and old. It can have a significant impact on an individual's quality of life, leading to embarrassment, discomfort, and social isolation. In this blog post, we will explore the prevalence of incontinence in the United States and examine whether individuals living with this condition utilize their Health Savings Account (HSA) or Flexible Spending Account (FSA) for purchasing incontinence products.
Prevalence of Incontinence in the United States
According to the National Association for Continence, more than 25 million American adults are living with some form of urinary incontinence. This includes over 13 million women and 11 million men. Incontinence is not limited to the elderly, as many younger individuals also experience symptoms of this condition.
Utilization of Health Savings Account (HSA) or Flexible Spending Account (FSA)
Despite the high number of individuals affected by incontinence, studies have shown that only a small percentage utilize their HSA or FSA for purchasing incontinence products. This could be due to a lack of awareness about the eligible expenses covered by these accounts or the stigma associated with incontinence.
Market for Incontinence Products
The market for incontinence products in the United States is growing, with an increasing number of manufacturers offering a wide range of solutions for individuals living with incontinence. From adult diapers and pads to skincare products and bed pads, there are options available to meet the diverse needs of consumers.
Data and Statistics
Prevalence of Incontinence
- According to the Centers for Disease Control and Prevention (CDC), approximately 51% of older adults living in long-term care facilities experience incontinence.
- A study published in the Journal of the American Medical Association (JAMA) found that the prevalence of urinary incontinence in women over the age of 20 is around 25%.
- The National Institutes of Health (NIH) reports that approximately 33 million Americans have overactive bladder (OAB), a condition often associated with incontinence.
Utilization of HSA or FSA
- According to a survey conducted by the National Association for Continence, only 15% of individuals living with incontinence use their HSA or FSA for purchasing incontinence products.
- Research from the Kaiser Family Foundation shows that 70% of Americans with access to an HSA or FSA do not fully understand the eligible expenses covered by these accounts.
Market Trends
- The global market for incontinence products was valued at $8.1 billion in 2020 and is projected to reach $11.1 billion by 2025, according to a report by Market Research Future.
- The demand for incontinence products is expected to increase due to factors such as an aging population, rising awareness about incontinence, and advancements in product technology.
Conclusion
Incontinence is a prevalent issue in the United States, affecting millions of individuals of all ages. While there is a growing market for incontinence products, only a small percentage of those living with this condition utilize their HSA or FSA for purchasing these items. It is important for healthcare providers, insurers, and employers to educate consumers about the eligible expenses covered by these accounts and to reduce the stigma associated with incontinence.
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