If you think aging baby boomers are the only group behind the exploding cosmetic procedures market, think again. Pete Najarian visited one of New York's premier plastic surgeons to uncover the real trends driving the market.
Face lifts and tummy tucks might make for good TV, but syringes have far surpassed scalpels as the accessory of choice. Non-surgical procedures like Botox are seeing the fastest growth in the industry, with many types jumping by double digits from 2005 to 2006.
According to the American Society for Aesthetic Plastic Surgery, these non- surgical treatments accounted for more than 80% of all procedures performed last year.
And if you're wondering just who these beauty-seekers are, you can forget the stereotype of the aging boomer. The under 50 crowd underwent more than 70% of all procedures performed last year, giving the older folk a run for their vanity.
Allergen (AGN) and Mentor (MNT) are the two big companies in the space, Pete Najarian told the panel. Also, investors can look to LifeCell Corp.(LIFC) for their tissue regeneration business.
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Trader disclosure: On Nov. 15, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (HAS), (INTC), (ATVI), (SWY), (COH); Najarian Owns (AMTD) Options, (C) Options, (GS) Options, (BHP) Options; Najarian Owns (MER) And Is Short (MER) Options; Finerman's Firm And Finerman Own (GS), (HD), (KFT), (CROX); Finerman's Firm Owns (COV), (KSS), (PLCE), (TYC); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (BEAS) Options; GE Is The Parent Company Of CNBC
