General Medical Practices in the UK Industry Market Research Report now updated by IBISWorld

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The General Medical Practices industry is expected to generate revenue of £10.2 billion in 2012-13, up 0.5% from the previous year. About 390 million GP services will be provided in the United Kingdom in 2012-13, representing about six services per capita. Industry revenue is expected to increase over the five years through 2017-18. This growth will be due to an increase in NHS spending, which will respond to increases in the number and range of services provided because of population growth, an ageing of the population and an increase in the incidence of chronic health conditions. However, NHS spending on GP services will be affected by government austerity measures. For these reasons, industry research firm IBISWorld has updated its report on the General Medical Practices industry.

IBISWorld Market Research

IBISWorld Market Research

An expanding and ageing population will keep the industry in good health

General medical practitioners (GPs) are the first point of contact for people seeking health care and they are trained in the total health care of the whole person. GPs are the gatekeepers in the health-care system, referring patients to secondary health-care providers like hospitals and medical specialists. GP services account for about 9.0% of all National Health Service (NHS) expenditures and GP prescribing accounts for an additional 9.0% of the NHS budget.
The General Medical Practices industry is expected to generate revenue of £10.2 billion in 2012-13, up 0.5% from the previous year. About 390 million GP services will be provided in the United Kingdom in 2012-13, representing about six services per capita. According to IBISWorld industry analyst Nigel Fitzpatrick, “even though the number of GP consultations is forecast to grow marginally in the five years through 2012-13, over the same period industry revenue is expected to slightly decrease as industry revenue is being affected by low growth in government spending on primary health care”.
Industry revenue is expected to increase over the five years through 2017-18. Fitzpatrick adds, “this growth will be due to an increase in NHS spending, which will respond to increases in the number and range of services provided because of population growth, an ageing of the population and an increase in the incidence of chronic health conditions”. However, NHS spending on GP services will be affected by government austerity measures.
The General Medical Practices industry has a low level of market share concentration. Establishments in the industry tend to be small, with less than 2% of practices having 13 or more GPs. Sole-practitioner firms account for about 14% of all practices although this percentage has fallen over the last 10 years.

For more information on the General Medical Practices industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

The General Medical Practices industry comprises establishments that provide medical consultation and treatment carried out by general practitioners.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

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Gavin Smith
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