As more Americans continue to tighten up their expense budgets during the touch economic times, investing in cosmetic procedure or LASIK surgery is becoming less of a priority. BusinessWeek.com recently reported that the number of LASIK surgeries performed by one of the nation's leading LASIK providers is bottoming out as more people are using their disposable income on necessities, not luxuries.
Vision correction procedures continue to be one of the most popular types of elective surgery for men and women of all ages, but are still considered to be a 'luxury' investment. Advancements in technology and innovative, 'quick-fix' vision correction procedures continue to attract the attention of prospective LASIK candidates from all over the world, but many of these patients are simply pushing their purchase back a few months.
LASIK is just one of several elective surgery procedures taking a backseat during troubled times; prospective patients are either waiting until later next year to go ahead with their procedure, or turning to an affordable payment plan so that they can get the treatment they need. Many indepedent LASIK surgeons are offering extended payment plans and interest-free packages just to get patients in the door. Others are simply waiting out the tough time and focusing on marketing and advertising the benefits of LASIK, regardless of the total cost.
In some cases, people are dealying any type of procedure altogether. According to Kevin Ellich, a health services analyst at RBC Capital Markets in Minneapolis,
"People are delaying or forgoing needed medical procedures, not just elective stuff. The first things to go are high, out-of-pocket discretionary procedures. Not many people have $3,000 - $4,000-plus to put into LASIK these days." (Source: BusinessWeek.com)
Other types of elective surgery feeling the pinch from the economy include cosmetic dentistry, BOTOX and cosmetic enhancement treatments, and plastic surgery - even breast implants.