---
title: How Independent Market Research Fueled $200 Million+ in Healthcare Capital Raises
description: Building Investor Confidence with Independent Market Research
image: https://go.frost.com/hubfs/Images/2025/ITG/R01_D01_CS%20_%20ITG_072125_MK_JY3.jpg
---

![Building Investor Confidence with Independent Market Research](https://go.frost.com/hs-fs/hubfs/Images/2025/ITG/R01_D01_CS%20_%20ITG_072125_MK_JY2.jpg?width=2000&height=400&name=R01_D01_CS%20_%20ITG_072125_MK_JY2.jpg "Building Investor Confidence with Independent Market Research")

Why Read This Case Study?  
In today’s investor landscape, Independent Market Research (IMR) has become a powerful enabler of IPO and private market success—particularly in complex, fast-evolving industries like healthcare.*  
*

This exclusive case study covers:

- How IMR educates investors and validates growth strategies
- The role of IMR in two healthcare IPOs with $200 million+ raised
- Metrics on capital raised, investor demand, and oversubscription
- How third-party insights supported roadshows, prospectuses, and regulatory engagement 

“IMR isn’t just about numbers. It’s about creating clarity, building trust, and giving investors the confidence that the market opportunity is real.”  
*— Sanjay Singh, Associate Partner, Frost & Sullivan*

 

### Download the Case Study

### Case Study Snapshots:

### Hermina

- Focus: Maternal & childcare, Tier 2 cities
- Capital Raised: IDR 1.3T (~USD 92 million)
- 29x retail oversubscription

### Siloam

- Focus: Urban tertiary care, national footprint
- Capital Raised: IDR 1.3T (~USD 115 million)
- Strong institutional participation

Why It Matters

- - - This sample provides a blueprint for scalable innovation across the manufacturing value chain. With insights into commercial readiness, ecosystem maturity, and growth timelines, the sample helps organizations:Align R&D and CapEx investments with next-gen production technologies
          - Future-proof workforce strategies through automation and extended reality (XR) tools
          - Leverage data-driven decision-making for sustainability and efficiency
          - Build resilient, decentralized, and digitally adaptive manufacturing operations

Download the Sample to uncover the innovations shaping global competitiveness and operational excellence in 2025 and beyond.  
Looking to build a customized automation strategy or evaluate high-growth use cases? Connect with our experts at [hello@frost.com](mailto:hello@frost.com) and start your Growth Pipeline Dialog™ today.

### Sign up for a complimentary Growth Pipeline Dialog™

A Growth Pipeline Dialog is a structured discussion with our growth experts providing unparalleled technology intelligence and proven implementation best practices. This discussion will spark innovative thinking and help generate a pipeline of growth opportunities you can leverage to maximize your company’s future growth potential.

Upon completing the dialog session, you will receive a $1,000 honorarium* as a token of our appreciation, which can be used towards the purchase of our products and services on [store.frost.com](https:/store.frost.com?utm_source=hslinks).

[ Talk to our experts today! ](https://insights.frost.com/gpdialog?hsCtaTracking=2540db65-be35-44dd-abb4-f667210b0fde%7C973ed019-8950-4e26-8c86-4b58d2df9b85&hsLang=en)

*$1,000 honorarium is subject to eligibility

![drive-growth-image-scaled-2](https://go.frost.com/hubfs/Imported%20sitepage%20images/drive-growth-image-scaled-2.jpg "drive-growth-image-scaled-2")

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