More patients and increased services are supporting General Practice Medical Services industry revenue
Melbourne, Australia (PRWEB) July 10, 2012
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.
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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.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
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