Core Viewpoint - The functional cosmetics market is experiencing rapid growth, with a compound annual growth rate (CAGR) of 36.03% from 2021 to 2025, expected to expand from 30.8 billion yuan to 105.4 billion yuan, which is ten times the growth rate of the overall cosmetics market [28] Group 1: Industry Challenges - The functional skincare market is currently facing significant challenges, including a mismatch between supply and consumer demand, insufficient scientific evidence, and a disconnect between medical research and industry practices [7][9] - There is a notable lack of consumer awareness regarding scientific skincare, which has not kept pace with advancements in the medical field [8] - The industry has been criticized for relying on popular trends rather than scientific principles, leading to products that lack robust scientific backing [9] Group 2: Medical-Research Collaboration - The concept of "medical-research collaboration" is emerging as a necessary trend in the industry, driven by the need to integrate medical insights, scientific research, and industrial capabilities [10][12] - This collaboration is essential for developing effective, safe, and scientifically validated functional skincare products [12][21] - The integration of medical definitions of skin issues, research hypotheses, and industrial application is crucial for creating a reliable product system [21] Group 3: Company Initiatives - Leibao Pharmaceutical Technology (Shanghai) Co., Ltd. has been a pioneer in the "medical-research collaboration" approach since its establishment in 2003, focusing on the scientific basis of skincare products [13][14] - The company has developed a comprehensive technical supply chain that includes active ingredient development, formulation technology, and product safety and efficacy testing [19] - Leibao has established partnerships with numerous hospitals and experts to enhance its research capabilities and product development [15][25] Group 4: Product Development and Innovation - The company has successfully launched products based on clinical consensus and scientific research, such as the "Itch Relief Soothing Body Lotion," which addresses atopic dermatitis through a scientifically designed formula [22] - Leibao's commitment to scientific rigor and evidence-based product development is reflected in its numerous patents and research achievements [19][27] - The company aims to shift the industry towards a model where scientific validation is the foundation of product efficacy, moving away from reliance on marketing [27]