Quantum Computing in Healthcare Market Key Players, Size, Share, Value, Trends, Sales and Forecasts to 2028

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The global quantum computing in healthcare market is projected to reach USD 503 million by 2028 from USD 85 million in 2023, at a high CAGR of 42.5% during the forecast period. The technological advancements in quantum computing supporting various healthcare applications will provide lucrative opportunities to the market during the forecast period.

"The cloud based segment registered the highest CAGR during the forecast period in healthcare market, by deployment "

In 2022, the cloud-based segment accounted for a significant share of the quantum computing in healthcare market. The growth of the cloud-based segment can be attributed to the limited lifespan of rapidly advancing quantum computing systems, hassle-free scalability and flexibility, which in turn improves the ultimate decision-making process while using the quantum cloud services.

"Superconducting Qubits segment accounted for the largest share of the quantum computing in healthcare market, By Technology"

In 2022, the superconducting qubits segment accounted for the largest share of the quantum computing in healthcare market. The large share can be attributed to the fast gate speed of quantum computing systems based on superconducting qubits and the high degree of control possible with this type of qubit, making them flexible to be used for various applications such as drug discovery, imaging diagnostics, personalized medicine, etc.

"Pharmaceutical and Biopharmaceutical companies was the largest segment by end user of quantum computing in healthcare market in 2022"

In 2022, the pharmaceutical & biopharmaceutical companies segment accounted for a significant share of the quantum computing in healthcare market. The growth of the pharmaceutical & biopharmaceutical companies segment can be attributed to the ability of quantum computing to make R&D dramatically faster and more targeted and precise by making target identification, drug design, and toxicity testing less dependent on trial and error and therefore expedite complex drug discovery & development procedures, and enhanced accuracy. Its long-term benefits include the better utilization of resources and capital, better return on investment, and a substantial increase in the delivery of new medicines for chronic diseases.

"APAC to witness the highest growth rate during the forecast period."

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Factors such as growing demand for advanced technologies such as quantum computing for research & genomics purposes, growing awareness and adoption of quantum computing in emerging regions, and improving healthcare infrastructure.

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1:45%, Tier 2: 30%, and Tier 3: 25%
By Designation - C-level: 42%, Director-level: 31%,and Others: 27%
By Region - North America: 32%,Europe: 32%,AsiaPacific: 26%,Middle East & Africa: 5%, Latin America: 5%

Key Players in the Quantum Computing In Healthcare Market

The key players operating in the Quantum Computing in Healthcare Market include IBM (US), Google, Inc. (US), Rigetti & Co, LLC. (US), Quandela (France), D-Wave Quantum Inc. (Canada), Quantinuum, Ltd. (US & UK), ID Quantique (Switzerland), Zapata Computing (US), Atos SE (France), IonQ (US), Classiq Technologies, Inc. (US), Xanadu Quantum Technologies Inc. (Canada), QC Ware (California), Protiviti, Inc. (US), Hefei Origin Quantum Computing Technology Co., Ltd. (China), PwC (UK), Deloitte (UK), Amazon Web Services (US), Pasqal (France), Fujitsu (Japan), Sandbox AQ (US), SEEQC (US), Quintessence Labs (Australia), and Qnami (Switzerland).

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This release was published on openPR.