Industry Analysis & Industry Trends
The vital nature of the Primary Care Doctors industry's services has contributed to strong demand over the past five years, as has the aging of the population. The burden of chronic illnesses, which are disproportionately prevalent in older adults, has risen significantly due to this demographic shift. Most important to growth, however, has been the passage of the landmark Patient Protection and Affordable Care Act (PPACA) in 2010. While healthcare reform has increased the number of insured individuals, it has also exacerbated the shortage of primary care doctors. Despite growth, the number of primary care doctors has not expanded enough to keep pace with demand... purchase to read more
Industry Report - Industry Investment Chapter
The Primary Care Doctors industry has a low level of capital intensity; as healthcare is a labor-intensive sector, and much of that labor is highly skilled and highly paid. In 2016, IBISWorld estimates that for every dollar spent on wages, industry operators will spend $0.04 in capital investment. Over the past five years, capital intensity has remained relatively unchanged; in 2011, for every dollar spent on wages, industry operators also spent about $0.04 in capital investment.
In 2016, labor costs account for an estimated 38.9% of total revenue, whereas depreciation expenses represent about 1.4% of total revenue. There is a high level of personal care in most healthcare industries, since patient-doctor interaction is necessary in order to improve one's health... purchase to read more