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The Return of the Cosmetic Surgery Business PDF Print E-mail
Friday, 07 August 2009
The cosmetic-surgery industry, which is worth up to about $20 billion, took a major hit last fall. But it started to make a return during the spring, as incited by surgeons' discounted rates and a feeling that the economy is recovering.

Baby boomers are said to be helping to stimulate this trend, even though they are only one of the generations that have accepted cosmetic surgical procedures.

Cosmetic surgeon Mark Berman of Los Angeles, who is also the president of the American Academy of Cosmetic Surgery, stated,

A lot of the economy moves with the baby boom. What I've been telling a lot of my colleagues who are somewhat disappointed and fearful of this down economy is: Sit tight.
He said that the baby boomers are getting older, and it is great for the cosmetic surgery business.

As reported in September 2008 by Freedonia Group, which is an international research organization, the demand for cosmetic surgery is expected to increase by 8.4% every year through 2012. Botox and other less invasive treatments are projected to grow the most rapidly.

Less invasive treatments such as laser skin resurfacing or chemical peel call for less scarring, less recovery time, and less money than invasive procedures like abdominoplasty or breast augmentation. Many of the less invasive procedures, which are also less expensive, are carried out using a syringe rather than a knife.

Even though 53-year-old Sheila Brown is working for a firm where the salary is temporarily frozen, and though she is checking her everyday expenditures, she resolved to undergo laser facelift, which cost $2,500, to stiffen her face’s lower part and also her neck. She mentioned that the discount of $3,500 given by her surgeon bettered the deal.

Discounts are being offered by a lot of doctors to entice patients. Dr. Jacob Haiavy, who is also Inland Cosmetic Surgery’s medical director, said,

It's tough because 90 percent of what we do is elective. People have been more scrutinizing and resistant to spending money.
Dr. Haiavy's own surgery business was 40% down from October 2008 to February 2009 in relation to the same months in 2007-2008. His own practice is still sour, though now by 10% only because of the discounts he has been implementing.

Cosmetic surgeon Jean Loftus said,

Once somebody decides they're going to have cosmetic surgery, it's something they're going to do. It's not 'if. It's 'when.' Loftus also remarked, Other discretionary things you sometimes go, 'Gosh. I could live without that'
. However, she added,
the whole reason cosmetic surgery works is because people are willing to spend money to change something in their body that changes the way that they feel about themselves.
This is the reason why she feels that cosmetic surgery industry "will pick up sooner than the rest of the economy."

The American Society of Plastic Surgeons reported that, in 2008, 12.1 million cosmetic surgical procedures were carried out. This value indicates a decline of 9% in surgical operations, but also an increase of 5% in minimally invasive surgical procedures. These numbers appear to back up Loftus’ belief.

 
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