Under the weather: An ageing population and recruitment issues put pressure on the industry

General practitioners (GPs) are primary caregivers, 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 of the health-care system, referring patients to secondary health-care providers like hospitals and medical specialists where appropriate. The industry is overwhelmingly dominated by publicly funded practices, although these have suffered as a result of restricted funding coupled with rising demand for services over the past five-year period.Over the five years through 2019-20, slower growth in government funding and rising demand for GP services from an expanding and ageing population have led to growing pressure on operators...read more.

Industry Statistics & Market Size
Revenue
£14bn
Annual Growth 15-20
3.9%
Forecast Growth 20-25
Profit
Employment
169,504
Businesses
9,524
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Recently, less efficient GP-owned partnerships have been merging or exiting the industry
  • A rise in the average age of the UK population has led to an increase in demand for health services
  • Pressures associated with the recruitment and retention of GPs are expected to increase
  • Industry Report - Industry Products Chapter

    National Health Service fundingThe vast majority of primary care services offered by the industry are provided on the National Health Service (NHS). IBISWorld estimates that 86% of all revenue across the industry is allocated from the NHS budget during the current year. Responsibility for health services has been devolved to administrations in Scotland, Wales and Northern Ireland since 1999, which means that the NHS budget is distributed slightly differently across the different countries that make up the United Kingdom. Total NHS expenditure for England in 2017-18 was approximately £125 billion, according to the NHS Confederation, although only a fraction of this was spent on general medical practices. Thi...purchase to read more.

    Additional Insights for the General Medical Practices Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the General Medical Practices Industry are

  • Having a good reputation
  • Must comply with government regulations
  • Provision of appropriate facilities
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Population aged 65 years and over in the General Medical Practices industry impact industry performance..

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    What's in this report

    What is the General Medical Practices Industry?

    The General Medical Practices industry is composed of general practitioners and their staff. Industry operators offer general medical consultations and treatment. Specialist medical treatment and paramedics are excluded from the industry.

    Industry Products
  • National Health Service funding
  • Private practices
  • Treatments
  • Prescriptions
  • Other services
  • Industry Activities
  • Consulting with patients
  • Assessing and treating patients
  • Prescribing medication
  • Referring patients to specialists
  • Providing preventative care
  • 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
  • Population aged 65 years and over
  • NHS prescriptions volume
  • Real household disposable income
  • Health consciousness
  • Level of obesity

  • Current Performance
  • A revised diagnosis
  • One foot in the grave
  • Skeleton staff
  • Private practice
  • Chart: Revenue Growth

  • Industry Outlook
  • New prescriptions
  • Industry challenges
  • Private providers
  • Cutting costs
  • Table: General Medical Practices Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - General Medical Practices Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • Residential Nursing Care
  • Learning Disability, Mental Health & Substance Abuse Facilities
  • Consumers

  • Key Selling Industries
  • Diagnostic & Ambulance Services
  • Medical & Dental Instrument Manufacturing
  • Medical & Orthopaedic Supplies Retailers
  • Pharmaceutical Preparations Manufacturing
  • Pharmaceutical Wholesaling

  • Products & Services
  • National Health Service funding
  • Private practices
  • Prescriptions
  • Treatments
  • Other services
  • Chart: General Medical Practices Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 65 and over
  • People aged between 45 and 64
  • People aged between 15 and 24
  • People aged 14 and under
  • People aged between 25 and 44
  • Chart: Major Market Segmentation for the General Medical Practices Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRentOther costs
  • Chart: Cost Structure Benchmarking – Sector vs General Medical Practices

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the General Medical Practices 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 General Medical Practices 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 General Medical Practices Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Clinical Commissioning Group (Ccg)
  • A group of GP practices for commissioning most health and care services for NHS England patients. They replaced PCTs in 2013.
  • General Practitioner (Gp)
  • A physician whose practice is not oriented to a specific medical specialty but instead covers a variety of medical problems in patients of all ages.
  • Locum Doctor
  • A doctor who temporarily fulfils the duties of another.
  • Primary Care
  • The medical care received on first contact with the medical system (before a patient is referred elsewhere).
  • Primary Care Trust (Pct)
  • Public authorities in England that were responsible for planning, securing, funding and coordinating all NHS services in a defined geographical area. They were replaced by CCGs in 2013.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s General Medical Practices 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 General Medical Practices:
    • 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 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 General Medical Practices 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 General Medical Practices, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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