30% of aesthetic medicine clinics in Taiwan close down in 2yrs

Joy Lee

The China Post

Publication Date : 31-03-2014

About 30 per cent of the new aesthetic medicine clinics were closed down within two years due to a furious price war and constant medical disputes, the Chinese Society of Cosmetic Surgery and Anti-Aging Medicine (CSCSM) announced yesterday.

Since its establishment 20 years ago, the CSCSM reviews the current situation and development of Taiwan's cosmetic surgery industry, especially the development of aesthetic medicine clinics in recent years.

Dermatologist Sung Feng-yi said that opening an aesthetic medicine clinic requires at least NT$10 million (US$328,000) to cover a renovation of the premises and the purchasing of all medical equipment.

However, even if the clinic owner spends extra on promoting the clinic, most of the clinics cannot survive for more than two years, said Sung.

According to Sung, the operation of new aesthetic medicine clinics is getting more difficult as a result of competitive pricing and commercials on TV.

Some aesthetic medicine clinics even hired inexperienced doctors who recently graduated from medical schools, which caused medical disputes and decreased the degree of confidence the public has in the industry, said Sung.

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30% of aesthetic medicine clinics in Taiwan close down in 2yrs