Demand for Breast Implants and Liposuction Declines in Weak Economy
Posted by Cosmetic Surgery Review on August 9, 2008
Cosmetic surgery procedures including breast augmentation, liposuction, and eyelift lift surgery ranked in the top five procedures last year, accounting for a portion of the $13.2 billion spent on cosmetic procedures in 2007.
Still, a weak economy in 2008 is discouraging many Americans from going under the knife; a number of plastic and cosmetic surgeons around the country are reporting a marked reduction in demand for breast implants and liposuction procedures, and more people are opting for BOTOX and other ‘affordable’ treatments to enhance their appearance instead.
American women are cutting back on breast enhancements, according to Allergan and Mentor, the country’s two breast-implant companies. Surgeries for Mentor implants were down in the quarter that ended June 27, the Santa Barbara-based company reported Thursday, July 31.
Irvine-based Allergan reported similar news on Wednesday, July 30. “In the U.S., it is pretty clear that the number of augmentation procedures has declined year-over-year,” Chairman David Pyott said about Allergan’s implant sales. (Source: OC Register)
The trends could be the result of less disposable income for the average household; rising costs of gas, food and other everyday expenses have caused many Americans to keep that wallet shut tight this year.
For those who still want to pursue breast augmentation or liposuction, finding a doctor that offers a discounted or competitive rate could make the procedure more affordable.
Patient financing is another option for those who aren’t quite ready to spare the extra expense this year.