Apple a day: State and federal health insurance exchanges offer more coverage, increasing primary care demand

In the Primary Care Doctors industry, the burden of chronic illnesses, which are disproportionately prevalent in older adults, has risen significantly due to a demographic shift to an aging population. Most important to growth, however, has been the passage of the landmark Patient Protection and Affordable Care Act (PPACA). The increase in the number of insured individuals has exacerbated the shortage of primary care doctors. Despite marginal growth, the number of primary care doctors has not expanded enough to keep up with demand. Current trends are expected to accelerate over the next five years as an aging population and rising health insurance coverage drive demand for primary care doctors. As a result, industry revenue is expected to increase over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$248bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
1.3m
Businesses
210,774
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Most important to growth has been the passage of the Patient Protection and Affordable Care Act
  • The number of primary care practices has continued to rise due to mounting demand
  • The healthcare law has heightened the urgency for hospitals and schools to train more doctors
  • Industry Report - Industry Analysis Chapter

    The Primary Care Doctors industry is an integral component of US healthcare. There are four defining features of primary care services: first-contact care; continuity of care over time; comprehensiveness, or concern for the entire patient rather than one organ system; and coordination with other parts of the health system. Primary care doctors are the first line of defense against health ailments and are viewed as preventive-care providers. Their core position in the healthcare sector has contributed to growth in revenue over the five years to 2017. During this period, revenue increased an annualized 2.3% to $248.2 billion.Based on the US Census’ latest Annual Survey of Services, private health insurance constitutes an estimated 45.3% o...purchase to read more.

    Additional Insights for the Primary Care Doctors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Primary Care Doctors 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 Number of people with private health insurance and Federal funding for Medicare and Medicaid in the Primary Care Doctors industry impact industry performance..

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    What is the Primary Care Doctors 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 do not restrict their practice to one particular field of medicine. Doctors in this industry are trained for comprehensive first-contact and continued care for individuals with any undiagnosed health concern.

    Industry Products
  • Diagnosis of general symptoms
  • Diagnosis, screenings and preventative care
  • Diagnosis of symptoms related to the respiratory system
  • Diagnosis of symptoms related to the musculoskeletal system
  • Disease treatment
  • 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
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of births
  • Per capita disposable income

  • Current Performance
  • Rising demand amid a physician shortage
  • Healthcare reform and the changing industry landscape
  • Industry challenges and opportunities under the PPACA
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare reform continues to alter landscape
  • Rising profit margins lure more doctors
  • Table: Primary Care Doctors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Primary Care Doctors 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
  • Diagnosis of general symptoms
  • Diagnosis, screenings and preventative care
  • Other
  • Diagnosis of symptoms related to the musculoskeletal system
  • Disease treatment
  • Diagnosis of symptoms related to the respiratory system
  • Chart: Primary Care Doctors Industry Products and Services Segmentation

  • Demand Determinants
  • Healthcare coverage
  • Health awareness
  • Demographics

  • Major Markets
  • Patients aged 45 to 64
  • Patients aged 25 to 44
  • Patients aged under 15
  • Patients aged 75 and over
  • Patients aged 65 to 74
  • Patients aged 15 to 24
  • Chart: Major Market Segmentation for the Primary Care Doctors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Primary Care Doctors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Primary Care Doctors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Primary Care Doctors 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (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
    Table: Industry Financial Ratios
    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.
  • Fee-For-Service
  • A health plan where individuals choose the doctor, hospital or clinic, and the insurance pays for part or all of the cost according to a schedule laid out in the policy.
  • Gynecology
  • The surgical specialty dealing with health of the female reproductive system.
  • Health Insurance Exchange
  • A set of state-regulated and standardized healthcare plans from which individuals may purchase health insurance eligible for federal subsidies.
  • 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.
  • Why buy this report?

    The Primary Care Doctors industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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