Primary Care Doctors in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: February 2024
NAICS 62111aCARevenue
$42.1bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
131k
Businesses
87,791
Wages
$X.Xbn
Primary Care Doctors in Canada industry analysis
Demographic trends drive the rising demand for comprehensive primary care in Canada. An aging population's expanding medical needs are increasing the demographic's consumption of medical services. Primary care physicians are also first in line to help this demographic navigate complex conditions and visit specialists. Sudden population growth in Canada – an outcome of a surge in immigration and temporary residents – has also expanded the need for primary care physicians. Rising spending on primary care was abruptly disrupted by the pandemic, leading providers to navigate unprecedented financial and operating pressures. Telehealth adoption did help primary care providers continue to meet with patients, while federal funding allowed practices to cover wage expenses as patient volume dropped. Though pandemic concerns have alleviated, inflation and labor shortages have introduced new challenges. In all, industry-wide revenue has fallen at an estimated CAGR of 0.3% to $42.1 billion over the past five years, including expected growth of 2.2% in 2024.
Trends and Insights
- Demographic trends are the primary driver behind expanding demand for primary care in Canada. A sudden growth in the country’s population and a growing over-65 cohort require more from primary care doctors than ever.
- Canada has a publicly funded healthcare system. The scope of public funding limits the introduction of any other revenue sources.
- Primary care doctors favor densely populated metro areas. Access to large patient pools in metro areas encourages doctors to operate here but creates serious shortages in rural areas.
- Medical care is more digital than ever. Primary care practices that successfully integrate telehealth, electronic health records and other digital tools will stand out from other physicians.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $42.1bn in 2024.
Trends and Insights
Demographic trends expand the need for primary care
- Demographic trends have been a driving factor fueling rising spending on primary care physicians.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Primary care doctors will be critical in addressing expanding demand
- Health spending on primary care doctors will recover steadily moving forward, with demographic and economic forces driving the need for primary care physicians.
Biggest companies in the Primary Care Doctors in Canada
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Primary Care Doctors in Canada industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Mental health, Chronic disease and Preventive care. Mental health is the largest segment of the Primary Care Doctors in Canada.
Trends and Insights
Chronic diseases require ongoing treatment from a physician
- Chronic diseases are long-term health conditions, like hypertension, diabetes or osteoarthritis, that persist over an extended period.
- More insights available in the full report
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Competitors
- Optometrists in Canada
- Home Care Providers in Canada
Complementors
- Dentists in Canada
- Physical Therapists in Canada
- Hospitals in Canada
International industries
- Primary Care Doctors in the US
- General Practice Medical Services in Australia
- General Practice Medical Services in New Zealand
- General Medical Practices in the UK
- General Medical Practices in Ireland
Table of Contents
About this industry
Industry definition
The Primary Care Doctors industry in Canada includes general practitioners who possess a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) degree. These doctors primarily work using 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.
What's included in this industry?
Diagnosing ailments and diseasesPrescribing disease and symptom treatmentsReferring patients to specialistsAdministering preventative care (e.g. check-ups and screenings)Educating patientsCounselling patientsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
FAMILY MEDICINEFEE-FOR-SERVICE (FFS)MAGNETIC RESONANCE IMAGINGTELEMEDICINEIndustry Code
NAICS 621110 - Primary Care Doctors in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Demographic trends are the primary driver behind expanding demand for primary care in Canada. A sudden growth in the country’s population and a growing over-65 cohort require...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Canada has a publicly funded healthcare system. The scope of public funding limits the introduction of any other revenue sources.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Primary care doctors favor densely populated metro areas. Access to large patient pools in metro areas encourages doctors to operate here but creates serious shortages in rur...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Medical care is more digital than ever. Primary care practices that successfully integrate telehealth, electronic health records and other digital tools will stand out from o...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No single primary care practice controls the market in Canada. Independent primary care practices remain the industry’s mainstay even as larger practices emerge.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Primary care providers must comply with the Canada Health Act to receive funding. The Health Act outlines all standards and conditions for doctors providing insured services....
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The pandemic exacerbated preexisting labor shortages in Canada’s broader healthcare sector. Primary care practices pay more to attract and retain employees critical to provid...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Primary Care Doctors industry in Canada in 2024?
The market size of the Primary Care Doctors industry in Canada is $42.1bn in 2024.
How many businesses are there in the Primary Care Doctors in Canada industry in 2024?
There are 87,791 businesses in the Primary Care Doctors industry in Canada, which has grown at a CAGR of 2.0 % between 2019 and 2024.
Has the Primary Care Doctors industry in Canada grown or declined over the past 5 years?
The market size of the Primary Care Doctors industry in Canada has been declining at a CAGR of 0.3 % between 2019 and 2024.
What is the forecast growth of the Primary Care Doctors industry in Canada over the next 5 years?
Over the next five years, the Primary Care Doctors industry in Canada is expected to grow.
What does the Primary Care Doctors in Canada include?
Diagnosing ailments and diseases and Prescribing disease and symptom treatments are part of the Primary Care Doctors industry.
How competitive is the Primary Care Doctors industry in Canada?
The level of competition is moderate and steady in the Primary Care Doctors industry in Canada.
