The impact of cancer on all our lives emphasizes the need to continue training individuals to pursue research into its cure and prevention. The ongoing investment of the National Cancer Institute and non-governmental funding organizations including the American Cancer Society, The Leukemia and Lymphoma Society, and others, means that research at universities and research institutes will remain a high priority, thereby providing jobs for cancer researchers with doctoral degrees. The complexity of cancer leads to the unfortunate realization that it will take many years to unlock all of its mysteries, resulting in a long-term need for persons trained in the field.
Besides the tremendous investment in basic cancer research at universities and non-profit organizations, the development of new therapeutic modalities for cancer represents a large percentage of pharmaceutical company expenditures. According to the 2008 Global Oncology Forecast published by IMS Health, the global market for cancer drugs will grow twice as fast as that for all other pharmaceuticals as the developing world spends more on health care, reaching $75-80 billion by 2012. Given this huge investment in cancer research, the job market for individuals with doctoral degrees in cancer biology is very large and growing.