The report "Quantum Computing in Healthcare Market by Component (Hardware, Software), Deployment (0n-premises, Cloud-based), Technology (Superconducting qubits, Trapped ions), Application (Drug discovery, Genomics), End User, and Region - Global Forecast to 2028", 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.
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The increasing investments in quantum computing in
developed as well as emerging economies, growing inclination of payers toward
quantum computing, rising demand for personalized medicine, and rise in funding
and investments in quantum computing startups are some of the key factors
expected to drive market growth during the forecast period.
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 low power consumption, high speed, and
the ability to operate at low temperatures.Also, high degree of control
possible with this type of qubit, they can be used for variety of healthcare
applications, such as quantum simulation, cryptography, and quantum computing.
Healthcare payers segment is expected to register
the highest CAGR by end user of quantum computing in healthcare market
The healthcare payers segment is expected to
register the highest CAGR by end user of the quantum computing in healthcare
market. The growth of the segment can be attributed to the growing number of
potential applications for health insurers like pricing, fraud detection, diagnostics/member
experience.The quantum computing also plays a major role in developing more
granular risk models that compute financials more efficiently, improve health
outcomes and ultimately reducing healthcare costs.
North America dominated the quantum computing in
healthcare market in 2022
North America accounted for the largest share of the
quantum computing in healthcare market. The large share of North America can be
attributed to the increasing government funding & investments for quantum
computing, and growing number of quantum computing companies catering to the
healthcare industry in the region.
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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 (US), Protiviti, Inc. (US), Hefei Origin Quantum Computing
Technology Co., Ltd. (China), PwC (UK), Deloitte (UK), Accenture (Ireland), Amazon
Web Services (US), Pasqal (France), Fujitsu (Japan), Sandbox AQ (US), SEEQC
(US), Quintessence Labs (Australia), and Qnami (Switzerland) are the
major players in this market. These companies are majorly focusing on the
strategies such as agreements, collaborations, partnerships, and service
launches in order to remain competitive and further increase their share in the
market.
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