Cosmetic surgery market down in U.S., less so overseas

In yesterday’s interview with Dr. Miguel Alfaro of Costa Rica, he candidly noted that the number of plastic surgery patients coming to Costa Rica from outside the country is down by perhaps 15-20 percent in 2008. This should surprise no one, given the state of the economy in the United States. In fact, Costa Rican plastic and cosmetic surgeons are probably weathering the economic slowdown better than are their higher priced counterparts in the U.S. The American Society of Plastic Surgeons estimates that business is down more than 50 percent, according to CNN, as reported by the Business and Media Institute.

The market for cosmetic procedures in Costa Rica, Mexico and other medical travel destinations has held up better than the U.S. market primarily because of the large price differential and because more Americans than ever before are aware that plastic surgery abroad is a relative bargain. Plastic surgery and dentistry travel (or both, combined) remain among the top choices of BridgeHealth International clients in 2008. People who might have opted for procedures costing $10,000 to $30,000 or more at home are instead getting the same work done abroad for perhaps $3,000 to $10,000.

The CNN report linked below looks only at the sharp decline in cosmetic surgery in the U.S. We thank Dr. Alfaro for his estimate regarding patients in Costa Rica. The video is better viewed on their site due to the format of the file.

Plastic Surgery’s Nip: CNN