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NEW YORK, May 11, 2021 /PRNewswire/ As per a study by Fact MR, the global traditional Chinese medicine for skincare market is forecast to exceed the valuation of US$ 7 Bn over the duration of 2021 to 2031. According to the study, growing demand for acupuncture and various Chinese herbal medicines from developing countries is boosting sales. Engagement of modern manufacturing methods and traditional medicines along with flooding investment towards developing better medicines will drive the market sales for the forecast period.
According to a report published by the American Academy of Dermatology titled Skin Conditions by the Numbers , annually around 50 million Americans suffers from acne skin condition. Soaring number of skin acne patients is propelling the global market demand. COVID-19 pandemic did slow the traditional Chinese medicine for skincare market but with relaxation in trading, a steady recovery is on the card.