Cosmetic Procedures and the Economy
- Posted on: Jun 11 2012
Many say that the economy is on its way to recovery since the economic downturn of 2009-2010. The market is showing increases, buy many feel a more indicative marker on the economic recovery is the increase in the number of cosmetic procedures performed each year. Cosmetic procedures are seen as a marker of disposable income and in the past year cosmetic procedures have increased 5%, with 1.5 million plastic surgeries performed in 2011. The most noticeable increase has been seen with minimally invasive procedures such as Botox, dermal fillers and laser treatments. These procedures have become increasingly popular because of the nominal cost and also due to the fact that they require little to no downtime with most people returning to work the same day. Although cosmetic procedures have not quite made it back to where they were at their peak in 2005, many are optimistic that the numbers will continue to increase and reach their previous highs over the next few years. Check out Dr. Jennifer Walden on Austin’s KVUE TV on these trends.