Primary Care Doctors in Canada - Industry Market Research Report

Health is wealth: Demographic trends are expected to assist the industry in maintaining a fairly stable profit margin

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 COVID-19, 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 fell. Though pandemic concerns have alleviated, inflation and labor shortages are challenging primary care practices. Pandemic disruptions have led industry-wide revenue to fall at an estimated CAGR of 0.1% to $40.5 billion over the past five years, including expected growth of 1.9% in 2023.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.