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General Medical Practices in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

General Medical Practices Market Research Report | SIC Q86.210 | Feb 2017

High pressure: Rising demand and constrained funding has placed pressure on the industry

IBISWorld’s General Medical Practices market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£11bn
Annual Growth 12-17
0.9%
Annual Growth 17-22
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Profit
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Employment
160,297
Businesses
9,780
Industry Analysis & Industry Trends

General medical 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, whilst private practices account for just over 6% of industry revenue. Over the past five years, the industry has undergone a shake-up as the government has restricted funding for GPs and implemented a number of changes regarding how practices are funded and administered. As a result, industry revenue is expected to increase at a compound annual rate of 0.9%... purchase to read more

Industry Report - Industry Investment Chapter

The capital intensity of an industry is determined by comparing the human and equipment factors of production using wages and depreciation costs as proxies. High depreciation costs indicate a high level of investment in depreciable assets such as buildings and equipment, suggesting high capital intensity. Conversely, high wage costs demonstrate high labour intensity.

The General Medical Practices industry exhibits a low level of capital intensity. This is reflected by its capital-to-labour ratio, which indicates that for every £1.00 spent on the use and replacement of capital equipment, £45.72 is spent on wages. Labour costs are estimated to account for 68.6% of industry revenue while depreciation expenses make up a modest 1.5%. Thi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 fundingPrivate practicesTreatmentsPrescriptionsOther services
 
Industry Activities
Consulting with patientsAssessing and treating patientsPrescribing medicationReferring patients to specialistsProviding preventative care


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