Apple a day: As the population ages, industry demand is expected to rise

Revenue for the Primary Care Doctors industry in Florida grew at a healthy pace during the five-year period to 2017, due to an increasingly insured population and rising total health expenditure in the state. Furthermore, demand for industry services has been partially driven by the state's growing elderly population. In addition, regulatory changes through the passage of the Patient Protection and Affordable Care Act (PPACA) continue to expand access to industry services by providing low-income individuals with health insurance, as well as expanding the range of care covered by government funding for elderly individuals. However, recent changes as a result of federal healthcare reform under the PPACA presented some obstacles to operators...purchase to read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 12-17
3.2%
Forecast Growth 17-22
Profit
Employment
95,685
Businesses
17,573

Industry Threats & Opportunities

  • Recent changes as a result of federal healthcare reform will present some obstacles to operators
  • Increased demand for industry services has been driven by the state's growing elderly population
  • Industry demand in Florida may grow slightly as more individuals obtain health insurance as mandated by the PPACA
  • Industry Report - Industry Investment Chapter

    The Primary Care Doctors industry in Florida 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 2017, 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 2012, for every dollar spent on wages, industry operators also spent $0.05 in capital investment.In 2017, labor costs account for an estimated 36.2% of total revenue, whereas depreciation expenses represent 1.4% of total revenue. There is a high level of personal care in most healthcare industries, since patient-doctor interaction is necessary to improve one's health. Add...purchase to read more.

    Additional Insights for the Primary Care Doctors in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Primary Care Doctors in Florida Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 50 and older in the Primary Care Doctors in Florida industry impact industry performance..

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    What's in this report

    What is the Primary Care Doctors in Florida Industry?

    This industry includes general practitioners who possess a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) degree. These doctors primarily work with a broad understanding of all illnesses and work in the fields of internal medicine, general practice, family medicine, pediatric, geriatric, obstetrics and gynecology.

    Industry Products
  • Family medicine and general practice
  • Internal medicine
  • Pediatrics
  • Obstetrics and gynecology
  • Geriatric
  • Industry Activities
  • Diagnosing ailments and diseases
  • Prescribing disease and symptom treatments
  • Referring patients to specialists
  • Administering preventative care (e.g. checkups and screenings)
  • Educating patients
  • Counseling patients
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 50 and older
  • Number of people with private health insurance in Florida
  • Per capita disposable income in Florida

  • Current Performance
  • Aging state population and expanding coverage drives demand
  • Room for improvement
  • Chart: Revenue Growth

  • Industry Outlook
  • Health reform and addressing a primary care shortage
  • Projected primary care shortage
  • Table: Primary Care Doctors in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Primary Care Doctors in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Welfare Funds
  • Specialist Doctors
  • Optometrists
  • Physical Therapists
  • Home Care Providers
  • Hospitals
  • Psychiatric Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Hospitals
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Specialist Doctors

  • Products & Services
  • Internal medicine
  • Family medicine and general practice
  • Pediatrics
  • Obstetrics and gynecology
  • Geriatric
  • Chart: Primary Care Doctors in Florida Industry Products and Services Segmentation

  • Major Markets
  • Private
  • Other
  • Government
  • Out-of-pocket
  • Chart: Major Market Segmentation for the Primary Care Doctors in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesProfitPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Primary Care Doctors in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Primary Care Doctors in Florida Industry

  • Family Physicians Group, Florida Medical Clinic, Holy Cross Medical Group, Physicians’ Primary Care of Southwest Florida,
  • Table: Family Physicians Group - financial performance
  • Table: Florida Medical Clinic - financial performance
  • Table: Holy Cross Medical Group - financial performance
  • Table: Physicians’ Primary Care of Southwest Florida - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Primary Care Doctors in Florida 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 Primary Care Doctors in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Allied Health Practitioners
  • Healthcare professions distinct from dentistry, nursing, medicine and pharmacy. They provide a range of diagnostic, technical, therapeutic and direct patient care and support services.
  • Family Medicine
  • A specialty devoted to comprehensive healthcare; a form of primary care that provides continuing healthcare for the individual and family across all ages, sexes, diseases and parts of the body.
  • Gynecology
  • The surgical specialty dealing with health of the female reproductive system.
  • Obstetrics
  • The branch of medicine dealing with childbirth and care of the mother.
  • Pediatrics
  • The branch of medicine concerned with the treatment of infants and children.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Primary Care Doctors in Florida can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Primary Care Doctors in Florida:
    • 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 of 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 Primary Care Doctors in Florida 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 Primary Care Doctors in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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