Traditional Chinese Medicine for Skincare Market to Surpass Valuation of US$ 7 Billion by 2031

Demand for traditional Chinese medicine for skincare is increasing steadily owing to the rising popularity of Chinese herbal medicines and similar products. With growing application in eczema, psoriasis, acne, and others, manufacturers of traditional Chinese skincare medicine are expected to gain higher revenues over the coming years.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5866

As per a new report by Fact.MR, North America, Europe, and Asia Pacific will hold major chunk of the industry value and volume, while the United States, Germany, China, and a few other countries will offer significant opportunities for stakeholders in this industry, across regions.

Key Takeaways from Market Study

• High demand for Chinese herbal medicines for body care, face care, and others likely to be witnessed.
• Growing application in eczema and psoriasis to cater to industry growth.
• The United States to remain the epicenter of North America’s market for traditional Chinese medicine for skincare.
• Germany to lead in Europe as far as traditional Chinese medicine for skincare is concerned.
• Asia Pacific to exhibit the fastest growth in the market.

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=5866

• China, Japan, India, Canada, the United Kingdom, and South Korea to maintain positive industry outlook throughout the forecast period.

Rising Prevalence of Skin Diseases Bolstering Demand for Traditional Chinese Medicine

Various traditional medicines for face care, body care, and foot & hand care are extensively being used for a diverse range of skin diseases such as eczema, psoriasis, hyperpigmentation, and acne, to name a few. As a result, rising prevalence of such diseases and skin-related issues is augmenting demand for traditional Chinese medicines, especially for skincare purposes.

For in-depth competitive analysis, buy now - https://www.factmr.com/checkout/5866
 
According to a report titled “Burden of Skin Disease”, published by the American Academy of Dermatology, approximately 84.5 million Americans, which means one in four Americans, are affected by some kind of skin disease. According to the National Center for Biotechnology Information (NCBI), in Europe, some of the most common skin diseases are warts (41.3%), followed by acne (19.2%), and contact dermatitis (15%), as of 2018. This, in turn, is fuelling the sales traditional Chinese skincare medicine across geographies.

Who is Winning in this Space?

With the competition getting stricter, manufacturers of traditional Chinese medicine for skincare are launching a wider variety of quality products.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/03/1994330/0/en/Sterile-Active-Pharmaceutical-Ingredients-Market-Set-for-Robust-Growth-Through-2029-Injectable-Drugs-in-Demand-Reports-a-Fact-MR-Study.html

For instance,
• Integrated Chinese Medicine Holdings Ltd. recently launched its new range of Qianding Yunzhi, Qianding Yunzhi Family Pack, and others.
• Solstice Medicine Company, Inc. launched its new range of Beanne Extra Pearl Cream, Sanjin Uroplex Tablets, and others, a couple of years back.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1950/global-traditional-chinese-medicine-for-skincare-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.