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Quantum Computing In Healthcare Market Explores Overall Study To Share, Demand, Growth And Predictions Up To 2033
Quantum Computing In Healthcare Market
As per the report, the quantum computing in healthcare market size has grown exponentially in recent years. It will grow from $0.06 billion in 2023 to $0.09 billion in 2024 at a compound annual growth rate (CAGR) of 36.8%. The quantum computing in healthcare market size is expected to see exponentially growth in the next few years. It will grow to $0.30 billion in 2028 at a compound annual growth rate (CAGR) of 37.1%.
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Impact Of High-Speed 5G And 6G Networks On The Growth Of Quantum Computing In Healthcare
The increased availability of high-speed 5G or 6G networks is expected to propel the growth of quantum computing in the healthcare market going forward. High-speed 5G or 6G networks are advanced wireless communication technologies that provide significantly faster data transfer rates, lower latency, and greater connectivity than previous generations. The availability of high-speed 5G or 6G networks is increasing due to the growing demand for faster, more reliable connectivity to support advanced applications such as IoT, autonomous vehicles, and augmented reality. 5G networks can complement quantum computing in healthcare by enabling faster data transfer, supporting edge computing, facilitating remote healthcare services, and enhancing security and privacy. The integration of these technologies has the potential to revolutionize healthcare delivery, research, and innovation, leading to improved patient outcomes and healthcare outcomes. For instance, in March 2022, according to a report published by the GSM Association, a UK-based non-profit organization, the number of 5G connections is projected to increase from 1 billion in 2021 to 2 billion by 2025. Further, by the end of 2025, 5G connections will constitute over 20% of total mobile connections, with more than 40% of the global population having access to a 5G network. Therefore, the increased availability of high-speed 5G or 6G networks is driving the growth of quantum computing in the healthcare market.
Quantum Computing Transforming Healthcare Research
Major companies operating in the quantum computing in healthcare market are developing advanced technologies, such as quantum computers, to analyze vast amounts of genomic data much faster than classical computers, to provide personalized treatment plans. Quantum computers potentially solve complex problems in cryptography, optimization, drug discovery, and material science much faster than classical computers. For instance, in January 2024, Cleveland Clinic, a US-based non-profit academic medical center, in collaboration with IBM Corporation, a US-based technology company, launched the first quantum computer dedicated to healthcare research. This computer, boasting over 1,000 qubits, promises to revolutionize healthcare research by significantly advancing drug discovery, genomic analysis, molecular modeling, and medical imaging techniques. Its unique technology and innovative approach to educating a high-tech workforce in data science and quantum computing is poised to propel understanding in the field to new heights.
The quantum computing in healthcare market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Superconducting Qubits, Trapped Ions, Quantum Annealing, Other Technologies
3) By Deployment: On-Premise, Cloud
4) By Application: Drug Discovery And Development, Medical Diagnostics, Genomics And Precision Medicine, Radiotherapy, Risk Analysis, Other Applications
5) By End-User: Pharmaceutical And Biopharmaceutical Companies, Labs And Research Institutes, Healthcare Providers, Healthcare Payers
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Major companies operating in the quantum computing in healthcare market are Google LLC , Microsoft Corporation, Tencent Holdings Limited, Intel Corporation, IBM Corporation, HoneyWell International Inc., Fujitsu Ltd., Toshiba Corp., Atos SE, Quantinuum, Cambridge Quantum Computing, IonQ Inc., 1QBit Co., Rigetti & Co Inc. , Cambridge Quantum Computing, QC Ware Corp., D-Wave Systems Inc., Zapata Computing Inc., Algorithmiq, KETS Quantum Security Ltd., Anyon Systems Inc., ProteinQure Inc., Menten AI, Entropica Labs, Strangeworks
Contents of the report:
1. Executive Summary
2. Quantum Computing In Healthcare Market Report Structure
3. Quantum Computing In Healthcare Market Trends And Strategies
4. Quantum Computing In Healthcare Market - Macro Economic Scenario
5. Quantum Computing In Healthcare Market Size And Growth
…..
27. Quantum Computing In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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