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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 | Dec 2014

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

IBISWorld’s General Practice Medical Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
79,438
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 has largely been due to an increasing number of retirees visiting their GP as Australia's population continues to age, as pensioners are more commonly offered bulk-billing than working-age adults... 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 and ageing population. This has driven increasing patient volumes, particularly as older people are greater users of GP services. Minimal out-of-pocket expenses are paid by patients due to the assistance of the Federal Government through Medicare, which covers all or part of the cost of a GP consultation depending on the price structure of the practice. Without any form of price signal, industry revenue primarily grows in line with demand growth and Medicare schedule fee changes. Strong demand increases are forecast to drive industry revenue up at a compound annual rate of 2.9% over the five years through 2014-15, to reach $11.0 billion... 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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