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Geographically, North America was the largest telemedicine market in terms of revenue for the year 2013 followed by the Asia Pacific region. The Asia Pacific region also exhibited the fastest growth rate was and is expected to lead the global market by the end of the decade. Rising populations in rural and urban areas and increased government initiatives are the primary reasons why this region boasts of a high growth rate. This coupled with the existence of a large number of technology manufacturing units in this region offering cheaper equipment, shall ensure steady market penetration and market growth for the future.
The telemedicine market is observed to be a highly diverse market with the presence of a large number of big and small players. However