The market studied is currently being driven by factors, such as the rising incidence of orthopedic, cardiac and neurosurgery, increasing number of surgical procedures, and technological advancements. Biosurgery products are used in various surgeries and repair weakened and damaged tissues and bones. Biosurgery has opened a new paradigm in surgical care, wound and tissue management, and regenerative healing. It has even unlocked new potential in regenerative healing with the right mix of biologics and synthetics. The other major factors attributing to the growth of the biosurgery market are increasing geriatric population, rising number of chronic diseases related surgeries, and strong focus on R&D leading to the launch of new and advanced products.

Bio-based lubricants are environment-friendly and do not have any toxic effect on the ecosystem. They do not result in problems occurring from hydraulic leaks or injuries at work, resulting in reduced cost, better production, and profitability. Bio-based lubricants do not cause skin inflammation, which is generally caused by petroleum-based lubricants. Additionally, they have various advantages, such as the reduction in energy usage, reduction in labor cost, increased employee safety, improved environmental conditions, increased machine life, and increased production. With growing environmental concerns and increasing spills from petroleum-based lubricants, both consumers and governments across the world are focusing on using environmentally acceptable lubricants (EALs).

Currently, the market studied is being driven by factors, such as increasing applications of NGS, speed, cost, and accuracy, efficient replacement of traditional technologies, and drug discovery applications demanding NGS technology. The rapid speed, cost, and accuracy of the NGS technology help in the growth of the market. This is attained with the help of modern DNA sequencing technology, which has contributed to the sequencing of complete DNA sequences of numerous types and species of life. It is also found that NGS is significantly cheaper, quicker, and needs significantly lesser DNA, which helps in the overall growth of the market. The NGS has the potential to accelerate the early detection of disorders and the identification of pharmacogenetics markers to customize its treatments.

The global biometrics market is anticipated to develop at a significant growth rate, owing to the rising number of terrorist activities, coupled with the increasing theft activities pertaining to crucial data and information that have raised concerns regarding national security. Significant factors, such as growth in the e-passport program, government support, and extensive use in criminal identification, are expected to majorly drive the market’s growth over the forecast period. Organizations across various sectors, where security remains the primary concern, are investing heavily in their security systems, with a focus on access control systems. The defense, law enforcement, as well as government institutions are some of the prominent users of this technology. Moreover, the soaring need to strengthen national security augmented the growth of these systems, globally. Iris recognition is used in various countries for different purposes, such as passport-free automated border crossings. One of the key trends witnessed in the market studied is a model shift in business discourse toward more privacy and fewer security threats. The end users are increasingly looking for integrated solutions, rather than depending on conventional methods.