The Latvian healthcare sector has large healthcare centers to provide comprehensive health services. There are many opportunities due to its high growth rate and relatively low expenditure compared to the European Union average. Latvia is a leading European country in terms of specialization in renewable energy sources. Hydropower accounts for the largest source while biomass and biofuel are increasingly used in co-generating electricity and heat. The life sciences sector has experienced high growth in value added both in pharmaceuticals and medical devices. The R&D on red biotechnologies, white biotechnologies and green biotechnologies pharmaceuticals has a high growth potential.