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General Practice Medical Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

General Practice Medical Services Market Research Report | ANZSIC Q8511 | Mar 2016

In fine fettle: Strong demand from the ageing population is driving industry growth

IBISWorld’s General Practice Medical Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 11-16
4.1%
Annual Growth 16-21
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Profit
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Employment
63,795
Businesses
38,844
Industry Analysis & Industry Trends

The General Practice Medical Services industry has grown healthily over the past five years. General practitioners (GPs) are the first point of contact in the medical system, providing direct treatment to patients or diagnosing problems and referring patients to a specialist or general hospital. GPs receive Federal Government assistance through Medicare, which covers a schedule fee for each consultation. The proportion of bulk-billed consultations, in which a GP only charges the schedule fee, has climbed from 79.1% in 2010-11 to an estimated 83.8% in 2015-16. This has been largely due to an increasing number of retirees visiting their GP as pensioners are more commonly offered bulk-billing than working-age adults.

Industry revenue is projected to rise at an annualised 4.1%... purchase to read more

Industry Report - Industry Analysis Chapter

The General Practice Medical Services industry has grown steadily over the past five years due to increased demand from Australia's growing population and the rising median age of the population. Both of these trends have driven increasing patient volumes, particularly as older people tend to use more general practitioner (GP) services. Patients pay minimal out-of-pocket expenses due to the assistance of the Federal Government through Medicare, which covers all or part of the cost of a GP consultation depending on a practice's price structure. Without any form of price signal, industry revenue primarily grows in line with demand growth and Medicare schedule fee changes... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the General Practice Medical Services Industry?

This industry is made up of companies and practitioners that primarily provide general practice medical services.

Industry Products
General and unspecified treatmentsRespiratory and circulatory treatmentsMusculoskeletal treatmentsSkin treatmentsPsychological treatmentsEndocrine, metabolic and digestive treatmentsOther treatments
 
Industry Activities
General medical practice operationMedical service provisionFlying doctor service provision


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