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25 Best Hospitals for Cancer Treatment in the World

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In this article, we will discuss the 25 best hospitals for cancer treatment in the world. To skip the detailed analysis and recent updates about the oncology market, go directly to the 5 Best Hospitals for Cancer Treatment in the World.

The oncology segment in the healthcare industry is a fast-growing market due to several reasons including the aging population and increasing prevalence of cancer. According to the World Health Organization, around 1 in 6 people in the world will be aged 60 or above by 2030 and will reach 1.4 billion compared to 1 billion in 2020 which increases the population size that is at the risk of cancer. Allied Market Research believes that a higher number of R&D activities and early screening of cancer are also some of the growth catalysts of the oncology segment. The research firm expects the oncology drugs market to reach $274.4 billion by 2030 from $135.5 billion in 2020, registering a CAGR of 7.5%.

The oncology market is one of the primary growth drivers for the entire pharma industry. According to Fortune Business Insights, oncology accounted for 30% of the industry’s product pipeline and 25% of the total revenues in 2020. Cancer is a chronic non-treatable disease but previously, chemotherapy, radiotherapy, and surgical procedures have been used to treat the disease. However, these treatments don't have a high success rate when it comes to stopping cancer recurrence. Regardless of the rate of recurrence, IQVIA reports that as of 2018, a record number of new drugs have been launched that have created several new options for patients.

Cancer Vaccines

The topic of cancer vaccines is gaining popularity around the globe. Merck & Co., Inc. (NYSE:MRK) and Moderna, Inc. (NASDAQ:MRNA) have been jointly working on a new vaccine. The vaccine is a combination of an mRNA cancer vaccine with Moderna, Inc. (NASDAQ:MRNA)’s Keytruda®, which has shown a 44% reduced risk of cancer recurrence or death compared to the Keytruda alone in the phase 2 trials.

In addition, the German biotechnology company BioNTech SE (NASDAQ:BNTX) and the UK government have signed a Memorandum of Understanding (MoU) to provide up to 10,000 patients with mRNA-based personalized cancer immunotherapies by 2030.

Some of the most promising cancer stocks according to analysts include Moderna, Inc. (NASDAQ:MRNA), BeiGene, Ltd. (NASDAQ:BGNE), and AstraZeneca PLC (NASDAQ:AZN). 

25 Best Hospitals for Cancer Treatment in the World
25 Best Hospitals for Cancer Treatment in the World

Photo by National Cancer Institute on Unsplash

Methodology

For this article, we cast a wide net for research and consulted several reliable sources including News Week, Clinic Spots, Medical Travel Market, and SCIMAGO, among others. The hospitals are ranked based on the number of times each hospital was mentioned by the different sources we used. The hospitals that were mentioned an equal number of times were ranked according to News Week's list of "World's Best Specialized Hospitals.