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Impact Of High-Speed 5G And 6G Networks On The Growth Of Quantum Computing In Healthcare: Powering Innovation and Expansion in the Global Quantum Computing In Healthcare Market by 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Quantum Computing In Healthcare Market Size Growth Forecast: What to Expect by 2025?
The expansion of the quantum computing market in healthcare has been significant in the recent years, exponentially growing from a value of $0.09 billion in 2024 to a projected $0.12 billion in 2025, with a compound annual growth rate (CAGR) of 36.4%. The historical increase can be associated with the extension of high-speed networks, a rise in the inclination towards quantum computing, enhancement in patient participation and compliance with personalized treatments, increased bandwidth, and heightened integrity, along with an increase in molecular interaction.
How Will the Quantum Computing In Healthcare Market Size Evolve and Grow by 2029?
The market size of quantum computing in healthcare is projected to witness exponential rise in the coming years, reaching to the value of $0.39 billion in 2029, expanding at a compound annual growth rate (CAGR) of 34.6%. This expected surge in the forecasted period is due to factors such as amplified investments in quantum computing, an escalating demand for precision medicine, fast-paced discovery of drugs and the ability to manage huge sets of data used for personalized medicine. The projected period will also see major trends including new therapeutics discovery, research on mRna, biomedical research, improved imaging and diagnostics, and technological progression.
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What Drivers Are Propelling the Growth of Quantum Computing In Healthcare Market Forward?
The quantum computing market in the healthcare sector anticipates a surge due to the rising accessibility of high-speed 5G or 6G networks. These advanced wireless communication technologies offer notably faster data transfer speeds, reduced latency, and enhanced connectivity in comparison to their predecessors. The high demand for reliable and quick connectivity to endorse innovative applications such as IoT, autonomous vehicles, and augmented reality spikes the availability of high-speed 5G or 6G networks. 5G networks can potentially boost quantum computing in healthcare by enabling swift data transfer, backing edge computing, aiding remote healthcare facilities, and augmenting security and privacy. The amalgamation of these technologies could bring about a transformation in the delivery, research, and innovation in healthcare, fostering improved patient outcomes and overall health outcomes. For instance, in March 2022, a report by the GSM Association, a non-profit organization based in the UK, forecasted the number of 5G connections to rise from 1 billion in 2021 to 2 billion by 2025. Hence, the escalating availability of high-speed 5G or 6G networks propels the growth of quantum computing in the healthcare market.
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Which Emerging Trends Are Transforming the Quantum Computing In Healthcare Market in 2025?
Leading entities in the quantum computing in the healthcare sector are pushing the boundaries by introducing state-of-the-art technologies like quantum computers. These machines are capable of analyzing extensive genomic data at a speed far greater than their classical counterparts, hence facilitating the creation of personalized treatment strategies. Quantum computers harbour the potential to rapidly unearth solutions to intricate issues in cryptography, optimization, drug discovery, and material science, which traditional computers find challenging. In January 2024, the Cleveland Clinic, a non-profit academic medical center in the US, in alliance with IBM Corporation, an American tech giant, unveiled the first-ever quantum computer solely dedicated to healthcare-related research. With over 1,000 qubits at its disposal, this computer is set to dramatically improve healthcare research, paving the way for major advancements in drug discovery, genomic analysis, molecular modelling, and medical imaging techniques. Its unprecedented technology and creative approach in cultivating a well-trained workforce in data science and quantum computing are anticipated to invigorate understanding and raise the bar in the field.
What Are the Key Segments in the Quantum Computing In Healthcare Market?
The quantum computing in healthcaremarket 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
Subsegments:
1) By Hardware: Quantum Processors, Quantum Computers, Cryostats
2) By Software: Quantum Algorithms, Quantum Simulation Software, Data Analysis Software
3) By Services: Consulting Services, Cloud-Based Quantum Computing Services, Training And Support Services
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Who Are the Key Players Shaping the Quantum Computing In Healthcare Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Quantum Computing In Healthcare Market?
North America was the largest region in the quantum computing in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum computing in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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