Industry Analysis & Industry Trends
Primary care doctors are the first line of defense against health ailments and are viewed as preventive-care providers. Their staple position in the healthcare sector has contributed to growth in revenue during the five years to 2014. Nonetheless, the recession forced many consumers to cut back on doctor visits and also restricted health insurance access to an increasing number of unemployed individuals. The main factor contributing to fewer visits was a decrease in the number of people with private health insurance. In the five years to 2019, the Primary Care Doctors industry is projected to benefit from the healthcare reform laws of 2010, but not without certain obstacles. As more individuals gain health insurance, due to the reform, demand for primary care services will increase... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Primary Care Doctors industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to grow at a rate that is in line with that of US GDP in the 10 years to 2019. During this period, IBISWorld projects that IVA will grow 2.9% per year on average and GDP will grow an annualized 2.7%. This parallel indicates that the industry will account for a relatively constant share of the economy throughout the period.
Primary care physicians have been a staple in the healthcare sector for many years and the industry is not forecast to change dramatically. Growth in the industry is dependent on an increase in the population, which is fairly constant... purchase to read more