$42.1bn
$XX.Xbn
131k
87,791
$X.Xbn
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.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $42.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
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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.
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.
Chronic diseases require ongoing treatment from a physician
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.
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NAICS 621110 - Primary Care Doctors in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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...
Learn about an industry's products and services, markets and trends in international trade.
Canada has a publicly funded healthcare system. The scope of public funding limits the introduction of any other revenue sources.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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...
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.
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...
Learn about the performance of the top companies in the industry.
No single primary care practice controls the market in Canada. Independent primary care practices remain the industry’s mainstay even as larger practices emerge.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
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....
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
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...
Including values and annual change:
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Key data sources in Canada 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 Primary Care Doctors industry in Canada is $42.1bn 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.
The market size of the Primary Care Doctors industry in Canada has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Primary Care Doctors industry in Canada is expected to grow.
Diagnosing ailments and diseases and Prescribing disease and symptom treatments are part of the Primary Care Doctors industry.
The level of competition is moderate and steady in the Primary Care Doctors industry in Canada.