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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 | Aug 2014

Healthy growth: Demand for GPs increases as Australia's population ages

IBISWorld’s General Practice Medical Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
73,784
Businesses
36,355
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 their problems and referring them to a specialist or a general hospital. GPs receive Federal Government assistance through Medicare, which covers a schedule fee for each consultation. Bulk-billing, which involves GPs charging just the schedule fee, has climbed to over 80.0% of all GP consultations over the past five years. This means that more patients have been able to visit their GP for health problems without any out-of-pocket cost.

Strong demand for GP services has resulted in industry revenue rising by an estimated compound annual rate of 2.9%... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry into the General Practice Medical Services industry are moderate. Difficulties faced by new entrants to the industry include significant educational requirements, building a viable client base and initial start-up costs. Prospective GPs are required to undertake a minimum four-year undergraduate degree to gain their medical qualifications. They then have to undertake three to four years of vocational training to become a GP, usually through the government-funded Australian General Practice Training program. The stringent educational qualifications required to become a GP are a significant barrier to entry.

It can take time for a new general practice to build a customer base... 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 treatmentsDigestive treatmentsCardiovascular treatmentsSkin treatmentsOther treatmentsMusculoskeletal treatments
 
Industry Activities
General medical practice operationMedical service provisionFlying doctor service provision


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