Estée Lauder forms R&D partnership with Shanghai hospital
The Estée Lauder Group has announced a partnership with Shanghai’s Jiahui International Hospital to establish a Joint Clinical Research Center for skin health innovation. China’s post-procedure skincare sector is projected to grow at an average annual rate of 30% from 2022 to 2026, potentially reaching 25 billion RMB ($3.5 billion). Jiahui International Hospital will support Estée Lauder in refining product strategies based on its expertise in medical aesthetics.