Unlock stock picks and a broker-level newsfeed that powers Wall Street.

21 Countries that Have the Highest Rates of Cancer Deaths

In This Article:

In this article, we will be taking a look at the 21 countries that have the highest rates of cancer deaths. If you do not want to learn about the global cancer care market, head straight to the 5 Countries that Have the Highest Rates of Cancer Deaths.

The global impact of cancer is staggering, with millions of lives affected each year. When examining the prevalence of cancer-related mortality, certain countries stand out for their exceptionally high rates of deaths attributed to this disease. Understanding the factors contributing to these elevated rates is crucial for implementing effective prevention and treatment strategies. In this exploration, we delve into the countries grappling with the highest rates of cancer deaths, shedding light on the challenges they face and the initiatives aimed at mitigating this significant public health burden. 

Navigating the Oncology Horizon: Trends, Projections, and Shaping Factors 

The global oncology market is experiencing robust growth, with significant advancements in research and development leading to the discovery of novel treatments. In 2022, the market size exceeded $280 billion and is projected to reach $690 billion by 2032, exhibiting a 9.7% compound annual growth rate (CAGR). Oncology trial starts have increased by 22% since 2018, reflecting the industry's focus on innovation and patient outcomes. In the United States, the burden of cancer remains substantial, with an estimated 1,958,310 new cancer cases and 609,820 cancer-related deaths expected in 2023. The adoption of advanced cancer diagnostic and treatment methods has contributed to a 29% decline in cancer deaths since 1991. The US accounts for a significant portion of the global oncology market, holding 46% of the market share in 2022. 

Europe presents a promising market for oncology due to rising technological advancements in cancer diagnostics and the increasing prevalence of cancer cases. In 2020, Europe recorded approximately 2.7 million new cancer cases and 1.3 million cancer deaths. The region is anticipated to be the most opportunistic market for oncology during the forecast period. 

The global rise in cancer cases can be attributed to factors such as increased consumption of alcohol and tobacco. The International Agency for Research on Cancer (IARC) estimates a significant increase in new cancer cases globally from 2020 to 2040. Common side effects of cancer treatment, like chemotherapy, can lead to long-term damage to organs and healthy cells, impacting market demand.