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 |
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container_title | Aesthetic surgery journal |
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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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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 <.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&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.
This study, to our knowledge, is the first to suggest a direct correlation of four cosmetic and two reconstructive plastic surgery procedures to the three major US stock market indices and further emphasizes the importance of a broad-based plastic surgery practice in times of economic recession.</description><identifier>ISSN: 1090-820X</identifier><identifier>EISSN: 1527-330X</identifier><identifier>DOI: 10.1177/1090820X10372209</identifier><identifier>PMID: 20601580</identifier><language>eng</language><publisher>England</publisher><subject>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</subject><ispartof>Aesthetic surgery journal, 2010-05, Vol.30 (3), p.470-475</ispartof><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c340t-944a3b9823644bb4ebe9592de7e6bc3bfd4ba049b222b047972f5ce7a4ef16643</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>315,781,785,27925,27926</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/20601580$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Gordon, Chad R</creatorcontrib><creatorcontrib>Pryor, Landon</creatorcontrib><creatorcontrib>Afifi, Ahmed M</creatorcontrib><creatorcontrib>Benedetto, Paul X</creatorcontrib><creatorcontrib>Langevin, C J</creatorcontrib><creatorcontrib>Papay, Francis</creatorcontrib><creatorcontrib>Yetman, Randall</creatorcontrib><creatorcontrib>Zins, James E</creatorcontrib><title>Cosmetic surgery volume and its correlation with the major US stock market indices</title><title>Aesthetic surgery journal</title><addtitle>Aesthet Surg J</addtitle><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 <.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&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.
This study, to our knowledge, is the first to suggest a direct correlation of four cosmetic and two reconstructive plastic surgery procedures to the three major US stock market indices and further emphasizes the importance of a broad-based plastic surgery practice in times of economic recession.</description><subject>Adult</subject><subject>Aged</subject><subject>Female</subject><subject>Forecasting</subject><subject>Humans</subject><subject>Investments - economics</subject><subject>Investments - statistics & numerical data</subject><subject>Middle Aged</subject><subject>Reconstructive Surgical Procedures - economics</subject><subject>Reconstructive Surgical Procedures - methods</subject><subject>Reconstructive Surgical Procedures - statistics & numerical data</subject><subject>Retrospective Studies</subject><subject>Surgery, Plastic - economics</subject><subject>Surgery, Plastic - trends</subject><subject>United States</subject><issn>1090-820X</issn><issn>1527-330X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>EIF</sourceid><recordid>eNpdUMtKw0AUHUSxtbp3JbNzFb3zSKazlOILCoJa6C5kJjc2bdKpMxOlf29KqwtX91zOg8Mh5JLBDWNK3TLQMOYwZyAU56CPyJClXCVCwPy4xz2d7PgBOQthCQBaZPKUDDhkwNIxDMnrxIUWY21p6PwH-i39ck3XIi3WJa1joNZ5j00Ra7em33Vc0LhA2hZL5-nsjYbo7Kp__QojrddlbTGck5OqaAJeHO6IzB7u3ydPyfTl8XlyN02skBATLWUhjB7zvpI0RqJBnWpeosLMWGGqUpoCpDaccwNSacWr1KIqJFYsy6QYket97sa7zw5DzNs6WGyaYo2uC7kSIhMpjFWvhL3SeheCxyrf-Lovvc0Z5Lsh8_9D9parQ3hnWiz_DL_LiR9yC24f</recordid><startdate>20100501</startdate><enddate>20100501</enddate><creator>Gordon, Chad R</creator><creator>Pryor, Landon</creator><creator>Afifi, Ahmed M</creator><creator>Benedetto, Paul X</creator><creator>Langevin, C J</creator><creator>Papay, Francis</creator><creator>Yetman, Randall</creator><creator>Zins, James E</creator><scope>CGR</scope><scope>CUY</scope><scope>CVF</scope><scope>ECM</scope><scope>EIF</scope><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7X8</scope></search><sort><creationdate>20100501</creationdate><title>Cosmetic surgery volume and its correlation with the major US stock market indices</title><author>Gordon, Chad R ; Pryor, Landon ; Afifi, Ahmed M ; Benedetto, Paul X ; Langevin, C J ; Papay, Francis ; Yetman, Randall ; Zins, James E</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c340t-944a3b9823644bb4ebe9592de7e6bc3bfd4ba049b222b047972f5ce7a4ef16643</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Adult</topic><topic>Aged</topic><topic>Female</topic><topic>Forecasting</topic><topic>Humans</topic><topic>Investments - economics</topic><topic>Investments - statistics & numerical data</topic><topic>Middle Aged</topic><topic>Reconstructive Surgical Procedures - economics</topic><topic>Reconstructive Surgical Procedures - methods</topic><topic>Reconstructive Surgical Procedures - statistics & numerical data</topic><topic>Retrospective Studies</topic><topic>Surgery, Plastic - economics</topic><topic>Surgery, Plastic - trends</topic><topic>United States</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Gordon, Chad R</creatorcontrib><creatorcontrib>Pryor, Landon</creatorcontrib><creatorcontrib>Afifi, Ahmed M</creatorcontrib><creatorcontrib>Benedetto, Paul X</creatorcontrib><creatorcontrib>Langevin, C J</creatorcontrib><creatorcontrib>Papay, Francis</creatorcontrib><creatorcontrib>Yetman, Randall</creatorcontrib><creatorcontrib>Zins, James E</creatorcontrib><collection>Medline</collection><collection>MEDLINE</collection><collection>MEDLINE (Ovid)</collection><collection>MEDLINE</collection><collection>MEDLINE</collection><collection>PubMed</collection><collection>CrossRef</collection><collection>MEDLINE - Academic</collection><jtitle>Aesthetic surgery journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Gordon, Chad R</au><au>Pryor, Landon</au><au>Afifi, Ahmed M</au><au>Benedetto, Paul X</au><au>Langevin, C J</au><au>Papay, Francis</au><au>Yetman, Randall</au><au>Zins, James E</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Cosmetic surgery volume and its correlation with the major US stock market indices</atitle><jtitle>Aesthetic surgery journal</jtitle><addtitle>Aesthet Surg J</addtitle><date>2010-05-01</date><risdate>2010</risdate><volume>30</volume><issue>3</issue><spage>470</spage><epage>475</epage><pages>470-475</pages><issn>1090-820X</issn><eissn>1527-330X</eissn><abstract>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 <.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&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.
This study, to our knowledge, is the first to suggest a direct correlation of four cosmetic and two reconstructive plastic surgery procedures to the three major US stock market indices and further emphasizes the importance of a broad-based plastic surgery practice in times of economic recession.</abstract><cop>England</cop><pmid>20601580</pmid><doi>10.1177/1090820X10372209</doi><tpages>6</tpages><oa>free_for_read</oa></addata></record> |
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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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