Overview

Booming: The ageing population will continue to underpin industry revenue growth

The General Practice Medical Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth
2012 - 2017
3.9%
Annual Growth
2017 - 2022
Profit
Employment
67,282
Business
6,338

Industry Analysis & Industry Trends

The General Practice Medical Services industry has grown solidly over the past five years. General practitioners (GPs) are the first point of contact in the medical system, providing direct treatment to patients, diagnosing health problems and referring patients to specialists or general hospitals. 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 approximately 80% in 2011-12 to an expected 85% in 2016-17. This has been largely due to an increasing number of retirees, as they visit GPs more frequently and are more commonly offered bulk-billing than working-age adults...

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Industry Report - Industry Analysis Chapter

Revenue for the General Practice Medical Services industry has expanded consistently over the past five years due to increased demand from Australia’s growing and ageing population. These trends have helped increase patient volumes, particularly as older people tend to use more general practitioner (GP) services. Patients tend to incur minimal out-of-pocket expenses due to the Federal Government’s Medicare assistance. Medicare covers all or part of the cost of a GP consultation depending on a general practice’s price structure. Industry revenue primarily grows in line with demand growth and Medicare schedule fee changes. Strong demand growth is expected to grow industry revenue at an annualised 3.9% over the five years through 2016-17, to $11.8 billion. A f..

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Industry Products

What is the General Practice Medical Services Industry?

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

Industry Products
General and unspecified treatments
Respiratory and circulatory treatments
Musculoskeletal treatments
Skin treatments
Psychological treatments
Endocrine, metabolic and digestive treatments
Other treatments
Industry Activities
General medical practice operation
Medical service provision
Flying doctor service provision

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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