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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 | Apr 2014

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

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
$10bn
Annual Growth 09-14
3.5%
Annual Growth 14-19
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Profit
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Employment
71,938
Businesses
35,437
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 problem and referring the patient to a specialist or a general hospital. GPs receive strong Federal Government assistance through Medicare, which covers a schedule fee for each consultation. Bulk-billing, which involves GPs just charging the schedule fee, has climbed to 82.0% of all 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 a compound annual rate of 3.5%... 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 services.

Industry Products
General and unspecified treatmentsRespiratory treatmentsDigestive treatmentsCardiovascular treatmentsSkin treatmentsMusculoskeletal treatments
 
Industry Activities
General medical practice operationMedical service provisionFlying doctor service provision


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