Request for Free Sample

Medical Foam Market Report Scope And Overview:

The Medical Foam Market size was valued at USD 34.78 billion in 2024, and is expected to reach USD 54.18 billion by 2032, and grow at a CAGR of 5.7% over the forecast period 2024-2032.

The medical foam market is experiencing robust growth driven by its diverse applications across healthcare. Fueled by a growing global investment in healthcare, the medical foam market is thriving. Aging populations require more wound care, prosthetics, and rehabilitation equipment, all areas where medical foams play a crucial role. Advanced wound dressings, for example, promote faster healing and greater comfort compared to traditional methods. Similarly, the booming implantable device market relies on medical foams for components like implants, catheters, and drug delivery systems.

Medical Foam Market,Revenue Analysis

Get More Information on Medical Foam Market - Request Sample Report

Key applications of medical foams span from patient care to medical device protection. In hospitals and rehabilitation centers, foam-based bedding and cushioning enhances patient comfort and support. Wound care dressings utilize foam's absorbent and conformable properties to facilitate healing. The protective packaging of medical devices and pharmaceuticals relies heavily on foam's cushioning capabilities. Additionally, medical foams play crucial roles in prosthetics, orthotics, surgical procedures, and diagnostic equipment. Globally, an estimated 35 to 40 million people need prosthetics or orthotics, according to the World Health Organization.

Key Medical Foam Market Trends

  • Smart sensor integration in medical foams improves patient monitoring, enhances product responsiveness, and boosts usage efficiency in clinical and home care environments.

  • Advanced antimicrobial foam coatings are gaining popularity, reducing infection risks, extending product lifespan, and meeting stringent healthcare sanitation standards.

  • Adoption of eco-friendly and biodegradable foam materials is rising, supporting sustainability goals, decreasing environmental impact, and appealing to regulatory-conscious buyers.

  • Customized foam solutions for specialized medical applications, such as wound care and orthopedic supports, drive higher patient compliance and therapeutic effectiveness.

  • Wireless connectivity in foam-based medical devices enables remote data collection, supports predictive maintenance, and improves overall treatment tracking across healthcare facilities.

Medical Foam Market Growth Drivers:

Drivers

  • Rising demand for cushions and bedding

Medical foam is becoming more and more popular for cushioning and bedding. The growing need for hospital beds, bed accessories, and seat cushions in the healthcare industry is driving up demand for medical foam in bedding and cushioning. In addition, there is an increasing need for cushions and bedding due to the rise in diseases worldwide. Therefore, the market is expanding due to the rising demand for cushions and bedding.

Medical Foam Market Restraints:

  • Medical supplies are impacted by changes in raw material prices.

Crude oil determines the price of benzoene, and changes in the price of crude oil contribute to the high cost of medical foam. In addition, the price of styrene and other important raw materials affects the price of polystyrene foam. These variations also help the medical foam alternatives. People are choosing other products as the cost of raw materials rises, which is a significant barrier impeding the market's expansion.

Medical Foam Market Opportunities:

  • Usage in medical equipment and parts is rising

The growing demand for a variety of medical device products is driving up the use of medical foam in medical devices and components. When compared to other options, medical foam is more affordable and has superior biocompatibility. The market is expanding in part because consumers are becoming more conscious of their hygiene and health.  The world population is growing at an accelerated rate, which is fueling the market's expansion by raising the need for medical foam.

  • Growing utilisation of medical foam in spinal implants

Medical foam has a number of advantages, including an excellent strength-to-weight ratio, biocompatibility, and remarkable performance. Injection moulding is a process that uses medical foam as a Foam of developer to create titanium spinal implants. Medical foams have interconnected porosity throughout the implant and are modelled after cancellous bone. Thus, the market is expanding due to the growing usage of medical foam in spinal implants.

Medical Foam Market Segment Analysis

By Foam

Flexible foams, owing to their versatility in applications like wound care, cushioning, and packaging, dominated the market with 58% share in 2024. However, the spray foam segment is emerging as the fastest-growing, driven by its increasing use in wound care, orthopedic and surgical applications due to its customizable properties and ease of application.

By Application

Bedding & cushioning dominated the market with 36.07% share in 2024 due to its extensive use in hospitals and healthcare facilities. However, the fastest-growing segment is medical devices & components, driven by increasing demand for advanced medical equipment and the growing focus on minimally invasive procedures.

 

Medical-Foam-Market-By-Application

Get Customized Report as per Your Business Requirement - Request For Customized Report

Medical Foam Market Regional Analysis:

North America Medical Foam Market Insights

North America dominated the medical foam market in 2024, accounting for over 32% of the global share. The region's robust growth is attributed to escalating healthcare expenditure, particularly in the U.S., which has spurred demand for medical devices and subsequently, medical foam. Increased health insurance coverage in the U.S. has further boosted the market by driving up demand for generic drugs and medical devices. Key applications within the region include medical packaging and medical component manufacturing. The COVID-19 pandemic accelerated demand for hospital bedding, medical devices, and wound dressings, positively impacting overall market growth.

U.S. Medical Foam Market

The U.S. market is characterized by advanced medical technology adoption and significant healthcare spending. Demand is fueled by growing awareness of patient safety and comfort, along with increased production of medical devices and hospital supplies. Applications range from medical packaging to prosthetics and wound management. Regulatory frameworks and healthcare insurance coverage encourage widespread adoption of innovative foam materials. Moreover, the pandemic highlighted the importance of medical foam in hospital settings, including bedding, cushions, and wound dressings, further reinforcing its role in supporting efficient healthcare delivery.

Asia-Pacific Medical Foam Market

The Asia-Pacific region is experiencing rapid growth in medical foam due to expanding healthcare infrastructure, rising disposable incomes, and government initiatives to improve access to medical care. Demand is growing for medical devices, hospital bedding, and wound care solutions. A large population base, coupled with increased healthcare awareness, is driving innovation and adoption of medical foam products. Manufacturers focus on lightweight, cost-effective, and safe materials, making them suitable for various clinical applications. The market is also influenced by rising investment in healthcare facilities and increased production of medical components.

Europe Medical Foam Market

Europe’s medical foam market benefits from an aging population and emphasis on healthcare quality and patient safety. Strict regulations ensure high-quality foam materials in medical applications such as wound care, surgical support, and orthopedic devices. Advanced healthcare infrastructure, research, and development activities promote innovation in foam products. Hospitals and clinics increasingly adopt foam solutions for comfort, infection prevention, and device manufacturing. The focus on patient-centric care, combined with robust healthcare policies, drives demand for diverse applications while maintaining high standards for safety and efficiency in clinical settings.

Latin America & MEA Medical Foam Market

Latin America and the Middle East & Africa are emerging markets for medical foam, driven by growing healthcare investments and awareness of advanced medical treatments. Rising prevalence of chronic diseases and demand for hospital and home-care solutions fuel market growth. Applications include wound care, medical packaging, and device cushioning. Regional adoption is supported by the development of healthcare infrastructure and gradual implementation of safety and quality standards. Manufacturers focus on cost-effective, safe, and durable foam materials suitable for diverse medical applications, addressing both patient comfort and clinical performance across hospitals and care centers.

Medical-Foam-Market--Regional-Analysis--2023

Medical Foam Market Key Players:

Some of the Medical Foam Market Companies

Medical Foam Market for Competitive Landscape:

Dow Chemical Company, founded in 1897 and headquartered in Midland, Michigan, USA, is a global leader in materials science and chemical manufacturing. It produces a wide range of chemicals, plastics, and performance materials, serving industries like agriculture, packaging, electronics, and water treatment, focusing on innovation and sustainable solutions.

  • Dow Chemical enhanced its operational efficiency and sustainability in 2023 by relocating its MDI distillation and prepolymers facility from La Porte to Freeport, Texas. Key players are likely to invest in research and development to create advanced foam materials with enhanced properties like antimicrobial resistance and biocompatibility. Additionally, there might be increased emphasis on circular economy initiatives and recycling technologies to address environmental concerns.

Medical Foam Market Report Scope:
Report Attributes Details
Market Size in 2024 USD 32.9 Billion
Market Size by 2032 USD 54.18 Billion
CAGR CAGR of 5.7% From 2024 to 2032
Base Year 2024
Forecast Period 2025-2032
Historical Data 2021-2023
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Foam (Flexible, Rigid & Spray)
• By Application (Bedding & cushioning, Medical packaging, Medical devices & components, Prosthetics & wound care)
Regional Analysis/Coverage

North America (US, Canada), Europe (Germany, France, UK, Italy, Spain, Poland, Russsia, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia,ASEAN Countries, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Mexico, Colombia Rest of Latin America)
Company Profiles

American Excelsior Company, American Foam Products, Heubach Corporation, General Plastics Manufacturing Company, Inc., LEXTECH GLOBAL SERVICES, UFP Technologies, Inc., FXI, Rogers Corporation, 3M, Allied Aerofoam, LLC, Rempac Foam, LLC, BASF SE, Dow Chemical Company, Armacell, Recticel NV, Woodbridge Foam Corporation, Zotefoams PLC, Pregis Corporation, Vitafoam Group, Carpenter Co.

 

Table Of Contents

1. Introduction

 1.1 Market Definition & Scope

 1.2 Research Assumptions & Abbreviations

 1.3 Research Methodology

2. Executive Summary

 2.1 Market Snapshot

 2.2 Market Absolute $ Opportunity Assessment & Y-o-Y Analysis, 2021–2032

 2.3 Market Size & Forecast, By Segmentation, 2021–2032

  2.3.1 Market Size By Foam

  2.3.2 Market Size By Application

 2.4 Market Share & Bps Analysis By Region, 2024

 2.5 Industry Growth Scenarios – Conservative, Likely & Optimistic

 2.6 Industry CxO’s Perspective

3. Market Overview

 3.1 Market Dynamics

  3.1.1 Drivers

  3.1.2 Restraints

  3.1.3 Opportunities

  3.1.4 Key Market Trends

 3.2 Industry PESTLE Analysis

 3.3 Key Industry Forces (Porter’s) Impacting Market Growth

 3.4 Industry Supply Chain Analysis

  3.4.1 Raw Material Suppliers

  3.4.2 Manufacturers

  3.4.3 Distributors/Suppliers

  3.4.4 Customers/End-Users

 3.5 Industry Life Cycle Assessment

 3.6 Parent Market Overview

 3.7 Market Risk Assessment

4. Statistical Insights & Trends Reporting

4.1 Pricing & Cost Dynamics

4.1.1 Typical Price Fluctuations of Medical Foams by Material Type (Polyurethane, Memory Foam, Latex, etc.)

4.1.2 Expense Analysis Comparing Medical Foams and Conventional Cushioning Materials

4.1.3 Projected Cost Trends Driven by Raw Material Availability

4.2 Manufacturing & Distribution Insights

4.2.1 Global and Regional Production Capacity of Foam Manufacturers

4.2.2 Dependency on Key Inputs (Polyols, Isocyanates, Additives) Across Supply Chains

4.2.3 Export–Import Volume Patterns of Medical Foam Products

4.3 Innovation & Technology Indicators

4.3.1 Number of Patents Registered in Foam Formulation and Processing

4.3.2 Research & Development Investments by Top Market Participants

4.3.3 Market Share of Conventional vs. Advanced Bio-Compatible Foams

4.4 Product Performance Impact

4.4.1 Average Pressure Relief Efficiency in Therapeutic Foam Applications

4.4.2 Heat and Moisture Management Capability of High-Performance Medical Foams

4.4.3 Contribution to Patient Comfort and Recovery Duration Improvement

5. Aromatic Solvents Market Segmental Analysis & Forecast, By Foam, 2021 – 2032, Value (USD Billion)

5.1 Introduction

 5.2 Flexible

  5.2.1 Key Trends

  5.2.2 Market Size & Forecast, 2021 – 2032

 5.3 Rigid

 5.4 Spray

6. Aromatic Solvents Market Segmental Analysis & Forecast, By Application, 2021 – 2032, Value (USD Billion)

    6.1 Introduction

 6.2 Bedding & cushioning

  6.2.1 Key Trends

  6.2.2 Market Size & Forecast, 2021 – 2032

 6.3 Medical packaging

 6.4 Medical devices & components

 6.5 Prosthetics & wound care

7. Aromatic Solvents Market Segmental Analysis & Forecast By Region, 2021 – 2025, Value (USD Billion)

7.1 Introduction

7.2 North America

 7.2.1 Key Trends

 7.2.2 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

 7.2.3 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

 7.2.4 Aromatic Solvents Market Size & Forecast, By Country, 2021 – 2032

  7.2.4.1 USA

   7.2.4.1.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.2.4.1.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.2.4.2 Canada

   7.2.4.2.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.2.4.2.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

7.3 Europe

 7.3.1 Key Trends

 7.3.2 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

 7.3.3 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

 7.3.4 Aromatic Solvents Market Size & Forecast, By Country, 2021 – 2032

  7.3.4.1 Germany

   7.3.4.1.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.1.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.2 UK

   7.3.4.2.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.2.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.3 France

   7.3.4.3.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.3.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.4 Italy

   7.3.4.4.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.4.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.5 Spain

   7.3.4.5.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.5.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.6 Russia

   7.3.4.6.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.6.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.7 Poland

   7.3.4.7.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.7.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.3.4.8 Rest of Europe

   7.3.4.8.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.3.4.8.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

7.4 Asia-Pacific

 7.4.1 Key Trends

 7.4.2 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

 7.4.3 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

 7.4.4 Aromatic Solvents Market Size & Forecast, By Country, 2021 – 2032

  7.4.4.1 China

   7.4.4.1.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.1.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.2 India

   7.4.4.2.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.2.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.3 Japan

   7.4.4.3.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.3.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.4 South Korea

   7.4.4.4.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.4.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.5 Australia

   7.4.4.5.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.5.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.6 ASEAN Countries

   7.4.4.6.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.6.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.4.4.7 Rest of Asia-Pacific

   7.4.4.7.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.4.4.7.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

7.5 Latin America

 7.5.1 Key Trends

 7.5.2 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

 7.5.3 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

 7.5.4 Aromatic Solvents Market Size & Forecast, By Country, 2021 – 2032

  7.5.4.1 Brazil

   7.5.4.1.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.5.4.1.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.5.4.2 Argentina

   7.5.4.2.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.5.4.2.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.5.4.3 Mexico

   7.5.4.3.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.5.4.3.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.5.4.4 Colombia

   7.5.4.4.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.5.4.4.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.5.4.5 Rest of Latin America

   7.5.4.5.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.5.4.5.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

7.6 Middle East & Africa

 7.6.1 Key Trends

 7.6.2 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

 7.6.3 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

 7.6.4 Aromatic Solvents Market Size & Forecast, By Country, 2021 – 2032

  7.6.4.1 UAE

   7.6.4.1.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.1.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.6.4.2 Saudi Arabia

   7.6.4.2.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.2.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.6.4.3 Qatar

   7.6.4.3.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.3.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.6.4.4 Egypt

   7.6.4.4.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.4.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.6.4.5 South Africa

   7.6.4.5.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.5.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

  7.6.4.6 Rest of Middle East & Africa

   7.6.4.6.1 Aromatic Solvents Market Size & Forecast, By Foam, 2021 – 2032

   7.6.4.6.2 Aromatic Solvents Market Size & Forecast, By Application, 2021 – 2032

8. Competitive Landscape

 8.1 Key Players' Positioning

 8.2 Competitive Developments

  8.2.1 Key Strategies Adopted (%), By Key Players, 2024

  8.2.2 Year-Wise Strategies & Development, 2021 – 2025

  8.2.3 Number Of Strategies Adopted By Key Players, 2024

 8.3 Market Share Analysis, 2024

 8.4 Product/Service & Application Benchmarking

  8.4.1 Product/Service Specifications & Features By Key Players

  8.4.2 Product/Service Heatmap By Key Players

  8.4.3 Application Heatmap By Key Players

 8.5 Industry Start-Up & Innovation Landscape

8.6 Key Company Profiles

 8.6.1 American Excelsior Company

  8.6.1.1 Company Overview & Snapshot

  8.6.1.2 Product/Service Portfolio

  8.6.1.3 Key Company Financials

  8.6.1.4 SWOT Analysis

 8.6.2 American Foam Products

 8.6.3 Heubach Corporation

 8.6.4 General Plastics Manufacturing Company, Inc.

 8.6.5 LEXTECH GLOBAL SERVICES

 8.6.6 UFP Technologies, Inc.

 8.6.7 FXI

 8.6.8 Rogers Corporation

 8.6.9 3M

 8.6.10 Allied Aerofoam, LLC

 8.6.11 Rempac Foam, LLC

 8.6.12 Dow Chemical Company

 8.6.13 Sekisui Chemical Co., Ltd.

 8.6.14 BASF SE

 8.6.15 Huntsman International LLC

 8.6.16 Recticel NV

 8.6.17 Armacell International SA

 8.6.18 Freudenberg Group

 8.6.19 Mölnlycke Health Care AB

 8.6.20 VPC Group Inc.

9. Analyst Recommendations

 9.1 SNS Insider Opportunity Map

 9.2 Industry Low-Hanging Fruit Assessment

 9.3 Market Entry & Growth Strategy

 9.4 Analyst Viewpoint & Suggestions On Market Growth

10. Assumptions

11. Disclaimer

12. Appendix

 12.1 List Of Tables

 12.2 List Of Figures

Key Segments:

By Foam

  • Flexible

  • Rigid

  • Spray

By Application

  • Bedding & cushioning

  • Medical packaging

  • Medical devices & components

  • Prosthetics & wound care

Request for Segment Customization as per your Business Requirement: Segment Customization Request

Regional Coverage:

North America

  • US

  • Canada

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Poland

  • Rest of Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • ASEAN Countries

  • Australia

  • Rest of Asia Pacific

Latin America

  • Brazil

  • Argentina

  • Mexico

  • Colombia

  • Rest of Latin America

Middle East & Africa

  • UAE

  • Saudi Arabia

  • Qatar

  • Egypt

  • South Africa

  • Rest of Middle East & Africa

 

Request for Country Level Research Report: Country Level Customization Request

 

Available Customization

With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:

  • Detailed Volume Analysis

  • Criss-Cross segment analysis (e.g. Product X Application)

  • Competitive Product Benchmarking

  • Geographic Analysis

  • Additional countries in any of the regions

  • Customized Data Representation

  • Detailed analysis and profiling of additional market players

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.