Cosmetic surgery volume and its correlation with the major US stock market indices

As a consumer-driven industry, cosmetic plastic surgery is subject to ebbs and flows as the economy changes. There have been many predictions about the short, intermediate, and long-term impact on cosmetic plastic surgery as a result of difficulties in the current economic climate, but no studies pu...

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Veröffentlicht in:Aesthetic surgery journal 2010-05, Vol.30 (3), p.470-475
Hauptverfasser: Gordon, Chad R, Pryor, Landon, Afifi, Ahmed M, Benedetto, Paul X, Langevin, C J, Papay, Francis, Yetman, Randall, Zins, James E
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container_end_page 475
container_issue 3
container_start_page 470
container_title Aesthetic surgery journal
container_volume 30
creator Gordon, Chad R
Pryor, Landon
Afifi, Ahmed M
Benedetto, Paul X
Langevin, C J
Papay, Francis
Yetman, Randall
Zins, James E
description As a consumer-driven industry, cosmetic plastic surgery is subject to ebbs and flows as the economy changes. There have been many predictions about the short, intermediate, and long-term impact on cosmetic plastic surgery as a result of difficulties in the current economic climate, but no studies published in the literature have quantified a direct correlation. The authors investigate a possible correlation between cosmetic surgery volume and the economic trends of the three major US stock market indices. A volume analysis for the time period from January 1992 to October 2008 was performed (n = 7360 patients, n = 8205 procedures). Four cosmetic procedures-forehead lift (FL), rhytidectomy (Rh), breast augmentation (BA), and liposuction (Li)-were chosen; breast reduction (BRd), breast reconstruction (BRc), and carpal tunnel release (CTR) were selected for comparison. Case volumes for each procedure and fiscal quarter were compared to the trends of the S&P 500, Dow Jones (DOW), and NASDAQ (NASD) indices. Pearson correlation statistics were used to evaluate a relationship between the market index trends and surgical volume. P values
doi_str_mv 10.1177/1090820X10372209
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There have been many predictions about the short, intermediate, and long-term impact on cosmetic plastic surgery as a result of difficulties in the current economic climate, but no studies published in the literature have quantified a direct correlation. The authors investigate a possible correlation between cosmetic surgery volume and the economic trends of the three major US stock market indices. A volume analysis for the time period from January 1992 to October 2008 was performed (n = 7360 patients, n = 8205 procedures). Four cosmetic procedures-forehead lift (FL), rhytidectomy (Rh), breast augmentation (BA), and liposuction (Li)-were chosen; breast reduction (BRd), breast reconstruction (BRc), and carpal tunnel release (CTR) were selected for comparison. Case volumes for each procedure and fiscal quarter were compared to the trends of the S&amp;P 500, Dow Jones (DOW), and NASDAQ (NASD) indices. Pearson correlation statistics were used to evaluate a relationship between the market index trends and surgical volume. P values &lt;.05 were considered statistically significant. Three of the four cosmetic surgery procedures investigated (Rh, n = 1540; Li, n = 1291; BA, n = 1959) demonstrated a direct (ie, positive) statistical correlation to all three major market indices. FL (n =312) only correlated to the NASD (P = .021) and did not reach significance with the S&amp;P 500 (P = .077) or DOW (P = .14). BRd and BRc demonstrated a direct correlation to two of the three stock market indices, whereas CTR showed an inverse (ie, negative) correlation to two of the three indices. 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source MEDLINE; Oxford University Press Journals All Titles (1996-Current); Alma/SFX Local Collection
subjects Adult
Aged
Female
Forecasting
Humans
Investments - economics
Investments - statistics & numerical data
Middle Aged
Reconstructive Surgical Procedures - economics
Reconstructive Surgical Procedures - methods
Reconstructive Surgical Procedures - statistics & numerical data
Retrospective Studies
Surgery, Plastic - economics
Surgery, Plastic - trends
United States
title Cosmetic surgery volume and its correlation with the major US stock market indices
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