The domestic market is small in Puerto Rico, per capita drug consumption is high and comparable to the US mainland which distinguishes it from other markets in the Americas. Local drug prices are significantly higher than on neighbouring islands and are more in line with US levels, having risen at an annual rate of around 3% in recent years.Strong growth in previous years has been linked to demographic and macroeconomic factors, with more innovative pharmaceuticals available in Puerto Rico than anywhere else in Latin America and the Caribbean. However, the island's poor economic prospects and the increasing number of plant closures have weakened its future growth outlook. Downward pressure due to economic recession and fiscal consolidation overall healthcare spending is expected to expand over the coming years.

Changes in technology transform the customer's experience and human interactions. As customers are increasingly relying on smartphones and the convenience of information available to them through a large number of websites, their needs along with their expectations have altered. People much connected to their smart devices compared to any being. Thus, there is always a sense fear of phone becoming dead or drying up of the battery. In addition, carrying of the wired charger and always looking for a charging point is also very cumbersome and embarrassing at the time. According to a famous phrase.” Necessity is the mother of invention”, wireless technology was developed. Though the technology is very old but has become very popular in the last decade.

The global market is gaining momentum and witnessing a high demand owing to substantial benefits, such as range extension, building penetration and hole-filling, delay spread, co-channel interference, multiple access interference, multipath management, system capacity, and power control, which results in increased profitability. Due to the increasing demand for high-speed wireless internet and extensive adoption of smartphones, the smart antenna market is witnessing considerable growth. Additionally, the growth in demand for smart antenna in various applications, such as Wi-Fi systems, WiMAX systems, cellular systems, RADAR, and others, is estimated to boost the market demand over the forecast period. Technological proliferation and growing consumer interest in advanced technologies have further resulted in the increased adoption of smart antennas.

The following section discusses in detail the different intelligent pumps used across industry verticals. Intelligent pumps have garnered much attention attributed to their features such as high energy savings, improved pump efficiency, and reduced costs, among others.

Highly centralised healthcare sector, controlled by the government. One of the smallest medical device markets in the Americas region. Other medical devices, diagnostic imaging and consumables have the highest market shares. Market heavily reliant on medical device imports, particularly from Europe, China and Japan. Lack of advanced medical device manufacturing capacity. Moderate medical device market growth over the forecast period. One of the smallest per capita medical device expenditures in the region.

Smallest medical device market in the MEA region. Second lowest medical device per capita in the MEA region. Market will record double-digit growth over the 2017-2022 period. Other medical devices and diagnostic imaging have the largest market shares. Imports supply almost all of the market. The healthcare sector is considered one of the best in West Africa.

The automotive supercapacitor application has witnessed a high-phase of investment and rese arch to build a sustainable cost-effective electric power source for vehicle on-board application. The technology implementation is currently in the testing and validation phase. Global technology regulatory bodies are trying to develop different set of outlining framework for safe application of the innovative supercapacitor technology in the main stream automotive market. The drivers for supercapacitor technology in the automotive industry are closely related to electrification, advance self-driving technology, and smart connected vehicles, whereas challenges come from the low specific energy density and low-cost benefit ratio.

The thermoelectric materials market is associated with the major companies providing thermoelectric materials to various end users such as automotive, healthcare, industrial, and electrical and electronics, among others. The varied range of market participants provides opportunities to other players willing to bear the high risks involved in the industry. This chapter details the latest strategies and technological developments adopted by the key market players in the thermoelectric materials market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products. Some of the key strategies adopted by the key market players are listed in the following figure

The heating equipment market was valued at USD 28,850 million in 2015 and is expected to reach USD 48,583.2 million by 2025, growing at a CAGR of 5.4% from 2016 to 2025. Heating equipment such as heat pumps, boilers, furnaces, and unitary heaters are expected to grow at a high CAGR in the Asia Pacific region. Rapid industrialization coupled with growing demand for upgraded equipment is one of the primary factors contributing to the growth of this market. Increasing demand for energy efficient heating solutions in the residential sector is also projected to drive market demand over the coming years.