WOSU News
(2008-09-02)
CINCINNATI, OH
(wosu) -
The number of laser eye surgery procedures
conducted by publicly traded LCA-Vision dropped 38 percent in the second quarter from a year ago -- a reflection of industry wide troubles.University of Missouri-St. Louis professor Stephen Moehrle said that in a faltering economy, consumers are more likely to choose glasses or contacts instead of shelling out thousands of dollars for Lasik eye surgery.
Cincinnati-based LCA-Vision has recently had layoffs, a salary freeze and large cuts to its advertising and marketing budgets because of the economic downturn. According to research firm Market Scope, vision correction procedures peaked in 2000 at about 1.4 million and are expected to decline 17 percent this year from last year's 1.3 million. © Copyright 2009, wosu
