$27.1bn
$X.Xbn
106k
49,982
$X.Xbn
The General Practice Medical Industry has performed very well over the past few years. Many industries across Australia suffered during the COVID-19 pandemic as there were many restrictions on trade and movement across Australia. The industry benefited from the pandemic as GPs are the first point of contact in the medical system, providing direct treatment to patients. GPs diagnose health issues and then treat patients accordingly or refer them to someone who can. GPs were vital in responding to the pandemic, and were able to benefit from a spike of demand fuelled by COVID-19 cases. The industry saw an increase in downstream demand for medical services, with continued funding from Medicare to fight the pandemic aiding industry revenue. Industry revenue is expected to have risen at an annualised 1.3% over the five years through 2023-24. This includes an anticipated 1.3% fall in 2023-24, to $27.1 billion.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $27.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Sonic Healthcare | 873.2 | |
Royal Flying Doctor Service | 491.0 | |
Partnered Health Medical Centres | 148.7 |
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Industry revenue is measured across several distinct product and services lines, including Standard consultations, All other consultations and After-hours services. Standard consultations is the largest segment of the General Practice Medical Services in Australia.
Standard consultations remain the largest service segment
Industry firms and practitioners primarily provide general practice medical services.
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ANZSIC 8511 - General Practice Medical Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The population is both growing and ageing. These dual trends are supporting strong revenue growth for GPs as people over 50 make up the majority of demand for medical service...
Learn about an industry's products and services, markets and trends in international trade.
Enhanced primary care services are on the rise. The pandemic was isolating for many around Australia, affecting some people’s mental health.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
GP distribution is closely linked with population. The distribution of general practices throughout Australia largely reflects the distribution of the population, as medical ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Location is key to competition. People don't want to travel far for a GP, especially when they’re unwell. The rising prevalence of telehealth consults may alter the industry’...
Learn about the performance of the top companies in the industry.
GP clinics benefited from the pandemic. Many clinics were responsible for distributing vaccines and supporting the public by providing GP services as the virus spread across ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government funding drives general practice medical services. The Medicare Benefits Scheme pays for a huge proportion of the services GPs provide to the population.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wage costs are falling as a share of revenue. Implementing digital booking services, like HealthEngine, is reducing the need for administration staff.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the General Practice Medical Services industry in Australia is $27.1bn in 2024.
There are 49,982 businesses in the General Practice Medical Services industry in Australia, which has grown at a CAGR of 2.1 % between 2019 and 2024.
The market size of the General Practice Medical Services industry in Australia has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the General Practice Medical Services industry in Australia is expected to grow.
The biggest companies operating in the General Practice Medical Services market in Australia are Sonic Healthcare, Royal Flying Doctor Service and Partnered Health Medical Centres
Standard consultations and After-hours services are part of the General Practice Medical Services industry.
The company holding the most market share in Australia is Sonic Healthcare.
The level of competition is moderate and increasing in the General Practice Medical Services industry in Australia.