Industry Analysis & Industry Trends
Modest growth – the dominant industry trend – is expected to continue into the future. Revenue is estimated to grow at a compound annual 0.1% over the five years through 2013-14, reaching £21.4 billion. This is a 0.1% rise on 2012-13. Compound annual growth for the five years through 2018-19 is forecast to be 0.4%, returning revenue of £21.8 billion.
An ageing society and growing population are driving this expansion. More households mean greater demand for the General Medical Practices industry, as GPs are the first point of contact for the UK medical system. Aging baby boomers are boosting the number of elderly in the country. Old age leads to natural bodily decline, and this is increasing industry demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Operators in the General Medical Practices industry offer a range of general medical services to a variety of patients. Industry operators serve as the first point of contact for people seeking medical attention.
General medical practices have served in this capacity in the UK health-care system for years. The industry, then, is considered mature. Industry value added, measuring the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 0.4% during the 10 years through 2017-18, while the UK economy is forecast to grow at a compound annual rate of 1.3% over the same period... purchase to read more