Medical Spa MD is a community of 28,000+ plastic surgeons, dermatologists, & aesthetic physicians practicing cosmetic medicine worldwide. FREE Medical Spa Deals for Clinicians

About   |   Advertise   |   Press   |   Contact

Sponsors & Friends

cosmetic fillers ad

Medical Spa RX Group Buy Program.

medical spa design and advertising

Graphic Design for Medical Spas

Waiting Room Video DVD Marketing

The very best bang for your buck cosmetic marketing!
Watch demo Frontdesk waiting room videos and DVDs.

Medical Spa Training Manuals

Medical spa & laser clinic staff training manuals.

2nd MD
2nd MD - Boarded US physicians work from anywhere.
Medical Justice
Relentlessly protecting physicians from frivolous lawsuits.

More control of your income, career, and lifestyle as a physician.
Read our terms
Newest Comments

Medical Spa MD is a world-wide physician community for clinicians in skin clinics, laser centers and medspas with thousands of physician members around the world. By using this site you agree to our terms of service and fine print.

« Review: Finesse Aesthetic & Plastic Surgery | Main | Medical Spa MD... Looking for some volunteer conference reporters. »
Thursday
Aug142008

Plastic surgery cut by saggy economy wear.

Reader Comments (7)

The economy has also hit the healthcare industry hard this year. Demand for fee for service procedures are down approximately 25 - 30% in my area. More medspas are closing and more second hand laser equipments are available on the market. As the current real estate market goes, the cosmetic laser industry is a buyers' market. I have multiple laser sales reps approaching me selling brand new units at 15-20% previous asking price haggle free.

Our environment here is a bit more stable, but local plastics have been scrambling to bring in more quick procedures to keep the expensive roof over their head. We may have dipped about 10% which is not bad for summer anyway. Oddly enough there have been 3 new MedSpa's open within a 5 mile radius in the past few months. Makes me wonder if they have been paying attention to the economy....

08.19 | Unregistered CommenterDermaDoc

I've seen some medspas close around my area. It's amazing how things like this are influenced by this big vague force called "the economy".

08.29 | Unregistered CommenterCharity

There is a whole field of study related to how macroeconomic forces affect business activity and spending patterns, but the botttom line is: do people feel they are either 1) safe enough financially to spend the money on a procedure at a medspa, or 2) they have nothing more to lose. I think we have alll seen examples of both and rely on them for our continued existence as a business. Being in a metropolitan area, there are always new businesses opening up as competition, but few have developed beyond the first few months. More people come to us indicating they know we have been here a while and want some stability. Others come to us wanting an alternative to the foo-foo spas that act like you are bothering them to make an appointment. We take business away from local derms and plastics because we are here and people want an alternative where they can feel comfortable and in touch, not talked down to and dismissed. As far as I can tell, this is the only way we are going to stay in biusiness in an economy that turns on a dime and where people are never sure if they have a job next week.

Good luck to all of us, but moreso to those who treat the patient like an important part of their business.

08.29 | Unregistered CommenterDermaDoc

I'm not a Plastic Surgeon, but I am orthodontics in Minneapolis.

I've seen so many patients they want to do this, I didn't feel them.

10.7 | Unregistered CommenterJenni

How does everyone in the business feel about the economy right now? How are 'non-critical' services like Botox and hair removal going to survive...? Just looking for some feedback and general opinions. Thanks!

My Podcast Alley feed! {pca-6ba83a63744234bf8fc2d552f83b2da3}

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Join Medical Spa MD

captcha
MEDICAL SPA MD
Medical Spa MD

A community of dermatologists, plastic surgeons, laser clinics, & skin clinics world wide.

Medical Spa MD is a world-wide community of physicians and clinicians practicing cosmetic medicine. Please read our Terms of Service, Advertising Terms and Privacy Policy.

Copyright © 2011. All rights reserved.

LEGAL NOTICE & TERMS OF SERVICE