Healthy conditions: Government funding and changing demographics will boost revenue

The Primary Care Doctors industry in Canada has experienced strong growth over the five years to 2017. Demand for primary care services has grown due to demographic changes, particularly the aging of the population. The industry's growth has also been fuelled by the government's substantial commitment to increase access to primary care. Over the five years to 2022 revenue is projected to rise at a slightly faster rate compared with the previous five-year period. Moving forward, government funding is expected to continue to grow and the continuation of demographic trends experienced over the five years to 2017 will ultimately drive demand for primary care moving forward...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
4.2%
Forecast Growth 17-22
Profit
Employment
74,282
Businesses
30,130
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The growing elderly population will ultimately drive demand for primary care
  • The industry benefited from the government’s commitment to increasing access to primary care
  • As demand for primary care services increases, so will the number of doctors
  • Industry Report - Industry Investment Chapter

    Wages drive down capital intensityThe Primary Care Doctors industry in Canada is characterized by a low level of capital intensity. For every $1.00 spent on labour in 2017, the average industry operator will invest $0.03 in capital equipment. The provision of industry services is labour-intensive, as primary care physicians are highly trained, well-paid medical professionals. Moreover, the industry is dependent on other personnel such medical assistants and receptionists for a variety of tasks, including handling billing, managing medical records and assisting patients with appointment scheduling. Consequently, wages account for the single largest share of industry revenue, estimated at 46.2% in 2017...purchase to read more.

    Additional Insights for the Primary Care Doctors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Primary Care Doctors Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Government expenditure and investment in the Primary Care Doctors industry impact industry performance..

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    What's in this report

    What is the Primary Care Doctors Industry?

    This industry includes general practitioners who possess a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) degree. These doctors primarily work using a broad understanding of all illnesses and do not restrict their practice to one particular field of medicine. Doctors in this industry are trained for comprehensive first-contact and continued care for individuals with any undiagnosed health concern.

    Industry Products
  • Episodic visits
  • Scheduled follow-up visit
  • Preventative health exams
  • Chronic disease management
  • Industry Activities
  • Diagnosing ailments and diseases
  • Prescribing disease and symptom treatments
  • Referring patients to specialists
  • Administering preventative care (e.g. check-ups and screenings)
  • Educating patients
  • Counselling patients
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Government expenditure and investment
  • Number of adults aged 65 and older
  • Population

  • Current Performance
  • Demographic trends underscore demand
  • Reform of the primary healthcare system
  • More profit, more doctors
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population fuels growth
  • Government funding to continue rising
  • A transforming industry landscape
  • Table: Primary Care Doctors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Primary Care Doctors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Optometrists in Canada
  • Physical Therapists in Canada
  • Home Care Providers in Canada
  • Hospitals in Canada
  • Mental Health & Substance Abuse Centres in Canada

  • Key Selling Industries
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Glasses & Contact Lens Manufacturing in Canada
  • Hospitals in Canada
  • Medical Instrument & Supply Manufacturing in Canada
  • Medical Supplies Wholesaling in Canada

  • Products & Services
  • Episodic visits
  • Scheduled follow-up visit
  • Preventative health exams
  • Other
  • Chronic disease management
  • Chart: Primary Care Doctors Industry Products and Services Segmentation

  • Demand Determinants
  • Health awareness
  • Demographics

  • Major Markets
  • Provincial and territorial governments
  • Federal government
  • Out of pocket
  • Private health insurance
  • Other
  • Chart: Major Market Segmentation for the Primary Care Doctors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Primary Care Doctors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Primary Care Doctors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Primary Care Doctors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Primary Care Doctors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Health Expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Family Medicine
  • A specialty devoted to comprehensive healthcare; a form of primary care that provides continuing healthcare for the individual and family across all ages, sexes, diseases and parts of the body.
  • Fee-For-Service (Ffs)
  • A payment model where services are unbundled and paid for separately.
  • Magnetic Resonance Imaging
  • A noninvasive medical test that uses a powerful magnetic field, radio frequency pulses and a computer to produce detailed pictures to help
  • Telemedicine
  • The delivery of health services via remote telecommunication.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Primary Care Doctors market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Primary Care Doctors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Primary Care Doctors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Primary Care Doctors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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