General Practice Medical Services in Australia Industry Market Research Report now updated by IBISWorld

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The General Practice Medical Services industry in Australia is a picture of health. Revenue growth has been promoted by growth in the number of services offered, partly offset by a decrease in the average fee per service. There have also been significant changes in after-hours GP attendances, mental health services, multidisciplinary care plans and case conference services, which have positively affected revenue. In addition, the corporatisation of general practice is causing an increase in industry market share concentration. For these reasons, industry research firm IBISWorld has updated its report on the General Practice Medical Services industry in Australia.

IBISWorld Market Research

IBISWorld Market Research

More patients and increased services are supporting General Practice Medical Services industry revenue

The General Practice Medical Services industry in Australia is growing healthily. General medical practitioners (GPs) are primary caregivers and the first point of contact in the medical system. They do not require a referral and are trained in the total health care of the person. According to IBISWorld industry analyst Nigel Fitzpatrick, “GPs provide all the care needed for about 88% of the problems they encounter”. In addition, they manage patients with disease and practise secondary prevention. The General Practice Medical Services industry in Australia is expected to generate revenue of $10.5 billion in 2012-13 (up 3.9% on 2011-12).

Revenue of the General Practice Medical Services industry in Australia is expected to grow an annualised 3.5% in the five years through 2012-13. Fitzpatrick adds, “increased industry revenue is likely to be promoted by growth in the number of services, partly offset by a decrease in the average fee per service”. There has been significant growth in after-hours GP attendances, mental health services, multidisciplinary care plans and case conference services. Industry revenue is expected to grow over the five years through 2017-18. This growth will be primarily due to an increase in the number of services provided because of population growth, an ageing population, technological advances in medicine and an increase in the range of services available.

The General Practice Medical Services industry in Australia displays low market share concentration, with Primary Health Care Limited and Sonic Healthcare Limited as the two largest players. Establishments are generally small and closely tied to local community needs and none therefore control a significant share of the market. The corporatisation of general practice is causing an increase in industry market share concentration. At this stage, corporate involvement is relatively low compared with the total market. If large health groups continue to acquire medical practices at the present rate, this will change. Outside of corporate activity, there is a trend towards larger practices comprising several GPs working shifts, enabling longer opening hours. However, there is no significant push towards the combining of practices into chains for the purposes of marketing and buying power.

For more information, visit IBISWorld’s General Practice Medical Services report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

This industry consists of registered medical practitioners, medical clinics and group practices. The industry also includes establishments that provide general oncologist medical services mainly on the account of government agencies or non-profit organisations.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
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

About IBISWorld Inc.
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 every Australian industry. 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 Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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Gavin Smith
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