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

Abstract
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%, Asia Pacific: 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), Accenture (Ireland), Amazon Web Services (US), Pasqal (France), Fujitsu (Japan), Sandbox AQ (US), SEEQC (US), Quintessence Labs (Australia), and Qnami (Switzerland).

Research Coverage:
The report analyzes the Quantum Computing in Healthcare Market and aims to estimate the market size and future growth potential of various market segments, based on components, deployment mode, application, technology, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:
Analysis of key drivers (increasing Investments in quantum computing in developed as well as emerging economies, growing inclination of payers toward quantum computing, rising demand for personalized medicine, increasing funding and investments in quantum computing startups), restraints (accuracy issues with quantum computing systems and high implementation costs), opportunities (technological advancements in quantum computing supporting various healthcare applications, potential applications in medical image analysis and oncology),and challenges (lack of technical expertise & data management issues) influencing the growth of the healthcare interoperability solutions market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the quantum computing in healthcare market.
Market Development: Comprehensive information on the lucrative emerging markets, component, deployment mode, technology, application, end user, and region.
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the quantum computing in healthcare market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the quantum computing in healthcare market like IBM (US), Google, Inc. (US), Rigetti & Co, LLC. (US), Quandela (France), D-Wave Quantum Inc. (Canada), Quantinuum, Ltd. (US & UK).

Content
Table of Contents

1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
TABLE 1INCLUSIONS & EXCLUSIONS27
1.3STUDY SCOPE28
1.3.1QUANTUM COMPUTING IN HEALTHCARE MARKET, BY REGION28
1.3.2YEARS CONSIDERED29
1.4CURRENCY CONSIDERED29
TABLE 2EXCHANGE RATES UTILIZED FOR CONVERSION TO USD29
1.5STAKEHOLDERS30
1.6LIMITATIONS30
1.7IMPACT OF RECESSION30
2RESEARCH METHODOLOGY31
2.1RESEARCH APPROACH31
FIGURE 1RESEARCH DESIGN31
2.1.1SECONDARY RESEARCH32
2.1.1.1Key data from secondary sources33
2.1.2PRIMARY RESEARCH33
2.1.2.1Primary sources34
2.1.2.2Key data from primary sources35
2.1.2.3Breakdown of primaries35
FIGURE 2BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION35
2.1.2.4Insights from primary experts36
2.2MARKET SIZE ESTIMATION36
FIGURE 3BOTTOM-UP APPROACH37
FIGURE 4TOP-DOWN APPROACH37
FIGURE 5CAGR PROJECTIONS FROM ANALYSIS OF MARKET DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF QUANTUM COMPUTING IN HEALTHCARE INDUSTRY39
FIGURE 6CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS39
2.3MARKET BREAKDOWN DATA TRIANGULATION41
FIGURE 7DATA TRIANGULATION METHODOLOGY41
2.4MARKET SHARE ESTIMATION41
2.5STUDY ASSUMPTIONS42
2.6RESEARCH LIMITATIONS42
2.6.1METHODOLOGY-RELATED LIMITATIONS42
2.7RISK ASSESSMENT43
TABLE 3RISK ASSESSMENT: QUANTUM COMPUTING IN HEALTHCARE MARKET43
2.8IMPACT OF RECESSION ON QUANTUM COMPUTING IN HEALTHCARE MARKET43
3EXECUTIVE SUMMARY44
FIGURE 8QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)44
FIGURE 9QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2023 VS. 2028 (USD MILLION)45
FIGURE 10QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD MILLION)45
FIGURE 11QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)46
FIGURE 12QUANTUM COMPUTING IN HEALTHCARE MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)46
FIGURE 13QUANTUM COMPUTING IN HEALTHCARE MARKET: REGIONAL SNAPSHOT47
4PREMIUM INSIGHTS48
4.1OVERVIEW OF QUANTUM COMPUTING IN HEALTHCARE MARKET48
FIGURE 14GOVERNMENT SUPPORT FOR ADOPTION OF QUANTUM COMPUTING TO DRIVE MARKET GROWTH48
4.2ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT49
FIGURE 15HARDWARE SEGMENT AND JAPAN TO COMMAND LARGEST SHARES OF ASIA PACIFIC MARKET IN 202249
4.3GEOGRAPHIC SNAPSHOT OF QUANTUM COMPUTING IN HEALTHCARE MARKET50
FIGURE 16MARKET IN CHINA TO GROW AT HIGHEST CAGR50
4.4REGIONAL MIX: QUANTUM COMPUTING IN HEALTHCARE MARKET51
FIGURE 17ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD51
5MARKET OVERVIEW52
5.1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 18QUANTUM COMPUTING IN HEALTHCARE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES52
TABLE 4MARKET DYNAMICS: QUANTUM COMPUTING IN HEALTHCARE MARKET53
5.2.1MARKET DRIVERS53
5.2.1.1Increasing investments in quantum computing in developed as well as emerging economies53
5.2.1.2Growing inclination of payers toward quantum computing54
5.2.1.3Rising demand for personalized medicine54
5.2.1.4Increasing funding and investments in quantum computing startups55
5.2.2RESTRAINTS56
5.2.2.1Accuracy issues with quantum computing systems and high implementation costs56
5.2.3OPPORTUNITIES56
5.2.3.1Technological advancements in quantum computing supporting various healthcare applications56
5.2.3.2Potential applications in medical image analysis and oncology57
5.2.4CHALLENGES57
5.2.4.1Lack of technical expertise and data management issues57
6INDUSTRY INSIGHTS58
6.1INDUSTRY TRENDS58
6.1.1HYBRID QUANTUM-CLASSICAL COMPUTING58
6.1.2QUANTUM MACHINE LEARNING59
6.1.3GROWING NUMBER OF APPLICATIONS IN HEALTHCARE INDUSTRY59
6.2TECHNOLOGY ANALYSIS60
6.2.1QUANTUM ARTIFICIAL INTELLIGENCE60
6.2.2QUANTUM COMMUNICATION TECHNOLOGY60
6.2.3QUANTUM COMPUTING ACADEMIA61
6.2.4CYBERSECURITY TRANSFORMATION61
6.2.5QUANTUM SENSING61
6.3PORTER’S FIVE FORCES ANALYSIS61
FIGURE 19QUANTUM COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS62
6.4REGULATORY ANALYSIS62
6.4.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS63
TABLE 5NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS63
TABLE 6EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS63
TABLE 7ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS64
TABLE 8ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS64
6.4.2REGULATORY STANDARDS65
6.4.2.1P1913 – Software-defined quantum communication65
6.4.2.2P7130 – Standard for quantum technologies definitions65
6.4.2.3P7131 – Standard for quantum computing performance metrics and benchmarking65
6.5VALUE CHAIN ANALYSIS65
FIGURE 20QUANTUM COMPUTING IN HEALTHCARE MARKET: VALUE CHAIN ANALYSIS65
6.5.1RESEARCH, DESIGN, AND DEVELOPMENT66
6.5.2MANUFACTURERS & SERVICE PROVIDERS66
6.5.3MARKETING & SALES EXECUTIVES66
6.5.4END USERS66
6.6ECOSYSTEM ANALYSIS66
FIGURE 21QUANTUM COMPUTING IN HEALTHCARE MARKET: ECOSYSTEM ANALYSIS67
6.7PATENT ANALYSIS67
FIGURE 22TOP PATENT OWNERS AND APPLICANTS FOR HEALTHCARE IT SOLUTIONS (JANUARY 2011–APRIL 2023)68
FIGURE 23PATENT ANALYSIS: QUANTUM COMPUTING IN HEALTHCARE MARKET (JANUARY 2015–APRIL 2023)68
6.8CASE STUDY ANALYSIS69
TABLE 9MENTEN AI LEVERAGED D-WAVE QUANTUM COMPUTING PRODUCTS TO BATTLE COVID-19 WITH QUANTUM PEPTIDE THERAPEUTICS69
6.9KEY STAKEHOLDERS AND BUYING CRITERIA70
6.9.1KEY STAKEHOLDERS ON BUYING PROCESS70
FIGURE 24INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS70
TABLE 10INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)70
6.9.2BUYING CRITERIA71
FIGURE 25KEY BUYING CRITERIA FOR QUANTUM COMPUTING BY COMPONENTS71
TABLE 11KEY BUYING CRITERIA FOR QUANTUM COMPUTING BY COMPONENT71
6.10KEY CONFERENCES AND EVENTS (2023–2024)72
6.11TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES73
FIGURE 26REVENUE SHIFT IN QUANTUM COMPUTING IN HEALTHCARE MARKET73
7QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT74
7.1INTRODUCTION75
TABLE 12QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)75
7.2SOFTWARE75
7.2.1SHIFT TO WEB/CLOUD-BASED MODELS TO SUPPORT GROWTH75
TABLE 13QUANTUM COMPUTING IN HEALTHCARE SOFTWARE OFFERED BY KEY MARKET PLAYERS76
TABLE 14QUANTUM COMPUTING IN HEALTHCARE MARKET FOR SOFTWARE, BY COUNTRY, 2021–2028 (USD MILLION)76
7.3HARDWARE77
7.3.1NEED FOR FREQUENT HARDWARE UPGRADES TO DRIVE MARKET GROWTH77
TABLE 15QUANTUM COMPUTING IN HEALTHCARE MARKET FOR HARDWARE, BY COUNTRY, 2021–2028 (USD MILLION)77
7.4SERVICES78
7.4.1INTRODUCTION OF COMPLEX SOFTWARE TO DRIVE DEMAND FOR SERVICES78
TABLE 16QUANTUM COMPUTING IN HEALTHCARE MARKET FOR SERVICES, BY COUNTRY, 2021–2028 (USD MILLION)79
8QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT80
8.1INTRODUCTION81
TABLE 17QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)81
8.2ON-PREMISES81
8.2.1RISING DEPLOYMENT OF ON-PREMISES QUANTUM COMPUTERS BY ORGANIZATIONS TO ENSURE DATA SECURITY81
TABLE 18QUANTUM COMPUTING IN HEALTHCARE MARKET FOR ON-PREMISES SOLUTIONS, BY COUNTRY, 2021–2028 (USD MILLION)82
8.3CLOUD-BASED82
8.3.1INCREASING PREFERENCE FOR CLOUD-BASED QUANTUM COMPUTING FOR RESEARCH & DEVELOPMENT USING DIFFERENT APPROACHES82
TABLE 19QUANTUM COMPUTING IN HEALTHCARE MARKET FOR CLOUD-BASED SOLUTIONS, BY COUNTRY, 2021–2028 (USD MILLION)83
9QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY84
9.1INTRODUCTION85
TABLE 20QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)85
9.2SUPERCONDUCTING QUBITS85
9.2.1LOW POWER CONSUMPTION, HIGH SPEED, AND ABILITY TO OPERATE AT LOW TEMPERATURES TO DRIVE MARKET85
TABLE 21QUANTUM COMPUTING IN HEALTHCARE MARKET FOR SUPERCONDUCTING QUBITS, BY COUNTRY, 2021–2028 (USD MILLION)86
9.3TRAPPED IONS86
9.3.1SUPERIOR CONNECTIVITY AND HIGHER GATE FIDELITY TO DRIVE MARKET86
TABLE 22QUANTUM COMPUTING IN HEALTHCARE MARKET FOR TRAPPED IONS, BY COUNTRY, 2021–2028 (USD MILLION)87
9.4QUANTUM ANNEALING87
9.4.1QUICK DISCOVERY OF MOST EFFICIENT CONFIGURATIONS AMONG POSSIBLE COMBINATIONS OF VARIABLES TO DRIVE MARKET87
TABLE 23QUANTUM COMPUTING IN HEALTHCARE MARKET FOR QUANTUM ANNEALING, BY COUNTRY, 2021–2028 (USD MILLION)88
9.5OTHERS88
TABLE 24QUANTUM COMPUTING IN HEALTHCARE MARKET FOR OTHER TECHNOLOGIES, BY COUNTRY, 2021–2028 (USD MILLION)89
10QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION90
10.1INTRODUCTION91
TABLE 25QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)91
10.2DRUG DISCOVERY & DEVELOPMENT91
10.2.1ENABLING ACCURATE DATA PROJECTIONS AND SOLUTIONS FOR DRUG DISCOVERY AND DEVELOPMENT TO BOOST MARKET GROWTH91
TABLE 26QUANTUM COMPUTING IN HEALTHCARE MARKET FOR DRUG DISCOVERY & DEVELOPMENT, BY COUNTRY, 2021–2028 (USD MILLION)92
10.3MEDICAL DIAGNOSTICS92
10.3.1PRECISE AND SENSITIVE MEDICAL DIAGNOSTICS PROCEDURES TO DRIVE MARKET92
TABLE 27QUANTUM COMPUTING IN HEALTHCARE MARKET FOR MEDICAL DIAGNOSTICS, BY COUNTRY, 2021–2028 (USD MILLION)93
10.4GENOMICS & PRECISION MEDICINE93
10.4.1UNLOCKING POWER OF GENOMICS & PRECISION MEDICINE WITH QUANTUM COMPUTING TECHNOLOGY93
TABLE 28QUANTUM COMPUTING IN HEALTHCARE MARKET FOR GENOMICS & PRECISION MEDICINE, BY COUNTRY, 2021–2028 (USD MILLION)94
10.5RADIOTHERAPY94
10.5.1QUANTUM RADIOTHERAPY: ENABLING MORE PERSONALIZED AND PRECISE TREATMENT IN FIGHT AGAINST CANCER94
TABLE 29QUANTUM COMPUTING IN HEALTHCARE MARKET FOR RADIOTHERAPY, BY COUNTRY, 2021–2028 (USD MILLION)95
10.6RISK ANALYSIS96
10.6.1ENHANCES PRICING MODEL MANAGEMENT AND DECREASE IN COSTS ASSOCIATED WITH FRAUD96
TABLE 30QUANTUM COMPUTING IN HEALTHCARE MARKET FOR RISK ANALYSIS, BY COUNTRY, 2021–2028 (USD MILLION)96
10.7OTHERS (POPULATION HEALTH MANAGEMENT, SECURITY IN HEALTHCARE)97
10.7.1SECURELY TRANSFORMING POPULATION HEALTH WITH QUANTUM COMPUTING97
TABLE 31QUANTUM COMPUTING IN HEALTHCARE MARKET OTHER APPLICATIONS (POPULATION HEALTH MANAGEMENT, SECURITY IN HEALTHCARE), BY COUNTRY, 2021–2028 (USD MILLION)97
11QUANTUM COMPUTING IN HEALTHCARE MARKET, BY END USER98
11.1INTRODUCTION99
TABLE 32QUANTUM COMPUTING IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION)99
11.2PHARMA & BIOPHARMA COMPANIES99
11.2.1RISING DEMAND FOR SOLUTIONS TO REDUCE TIME AND COSTS OF DRUG DEVELOPMENT99
TABLE 33QUANTUM COMPUTING IN HEALTHCARE MARKET FOR PHARMA & BIOPHARMA COMPANIES, BY COUNTRY, 2021–2028 (USD MILLION)100
11.3LABS & RESEARCH INSTITUTES100
11.3.1INCREASED RESEARCH ACTIVITIES TO ENCOURAGE USE OF AI IN GENOMICS IN ACADEMIC AND GOVERNMENT INSTITUTES100
TABLE 34QUANTUM COMPUTING IN HEALTHCARE MARKET FOR LABS & RESEARCH INSTITUTES, BY COUNTRY, 2021–2028 (USD MILLION)101
11.4HEALTHCARE PROVIDERS101
11.4.1HIGH NUMBER OF BENEFITS TO IMPROVE PATIENT MANAGEMENT, LOWER COSTS, AND DELIVER BETTER PATIENT TREATMENT101
TABLE 35QUANTUM COMPUTING IN HEALTHCARE MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2021–2028 (USD MILLION)102
11.5HEALTHCARE PAYERS102
11.5.1POTENTIAL TO REDUCE READMISSIONS AND OVERHEAD COSTS TO DRIVE ADOPTION102
TABLE 36QUANTUM COMPUTING IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 2021–2028 (USD MILLION)103
12QUANTUM COMPUTING IN HEALTHCARE MARKET, BY REGION104
12.1INTRODUCTION105
TABLE 37QUANTUM COMPUTING IN HEALTHCARE MARKET, BY REGION, 2021–2028 (USD MILLION)105
12.2NORTH AMERICA105
FIGURE 27NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET SNAPSHOT, 2022106
TABLE 38NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)106
TABLE 39NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)107
TABLE 40NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)107
TABLE 41NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)107
TABLE 42NORTH AMERICA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)108
TABLE 43NORTH AMERICA: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)108
12.2.1US109
12.2.1.1Expanding applications of quantum computing in healthcare to bolster market growth109
TABLE 44US: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)109
TABLE 45US: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)109
TABLE 46US: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)110
TABLE 47US: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)110
TABLE 48US: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)111
12.2.2CANADA111
12.2.2.1Investments and developments in quantum computing industry to drive market111
TABLE 49CANADA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)112
TABLE 50CANADA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)112
TABLE 51CANADA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)112
TABLE 52CANADA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)113
TABLE 53CANADA: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)113
12.3EUROPE114
TABLE 54EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)114
TABLE 55EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)115
TABLE 56EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)115
TABLE 57EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)115
TABLE 58EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)116
TABLE 59EUROPE: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)116
12.3.1GERMANY117
12.3.1.1Collaborations & partnerships to drive adoption of quantum computing solutions117
TABLE 60GERMANY: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)117
TABLE 61GERMANY: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)118
TABLE 62GERMANY: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)118
TABLE 63GERMANY: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)119
TABLE 64GERMANY: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)119
12.3.2UK120
12.3.2.1Increased focus on quantum computing applications to support growth120
TABLE 65UK: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)120
TABLE 66UK: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)121
TABLE 67UK: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)121
TABLE 68UK: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)122
TABLE 69UK: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)122
12.3.3FRANCE122
12.3.3.1Government funding for quantum computing to bolster growth122
TABLE 70FRANCE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)123
TABLE 71FRANCE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)123
TABLE 72FRANCE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)124
TABLE 73FRANCE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)124
TABLE 74FRANCE: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)125
12.3.4REST OF EUROPE125
TABLE 75REST OF EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)126
TABLE 76REST OF EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)126
TABLE 77REST OF EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)126
TABLE 78REST OF EUROPE: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)127
TABLE 79REST OF EUROPE: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)127
12.4ASIA PACIFIC128
FIGURE 28ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE SNAPSHOT129
TABLE 80ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION)129
TABLE 81ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)130
TABLE 82ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)130
TABLE 83ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)130
TABLE 84ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)131
TABLE 85ASIA PACIFIC: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)131
12.4.1JAPAN132
12.4.1.1Rising penetration of technologies to support market growth132
TABLE 86JAPAN: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)132
TABLE 87JAPAN: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)133
TABLE 88JAPAN: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)133
TABLE 89JAPAN: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)134
TABLE 90JAPAN: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)134
12.4.2CHINA134
12.4.2.1Dominating healthcare market in Asia Pacific134
TABLE 91CHINA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)135
TABLE 92CHINA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)135
TABLE 93CHINA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)136
TABLE 94CHINA: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)136
TABLE 95CHINA: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)137
12.4.3REST OF ASIA PACIFIC137
TABLE 96REST OF ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)138
TABLE 97REST OF ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)138
TABLE 98REST OF ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)138
TABLE 99REST OF ASIA PACIFIC: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)139
TABLE 100REST OF ASIA PACIFIC: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)139
12.5REST OF THE WORLD140
TABLE 101REST OF THE WORLD: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION)140
TABLE 102REST OF THE WORLD: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY DEPLOYMENT, 2021–2028 (USD MILLION)141
TABLE 103REST OF THE WORLD: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)141
TABLE 104REST OF THE WORLD: QUANTUM COMPUTING IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION)142
TABLE 105REST OF THE WORLD: QUANTUM COMPUTING IN MARKET, BY END USER, 2021–2028 (USD MILLION)142
13COMPETITIVE LANDSCAPE143
13.1OVERVIEW143
FIGURE 29KEY DEVELOPMENTS OF MAJOR PLAYERS BETWEEN JANUARY 2020 AND APRIL 2023144
13.2MARKET RANKING ANALYSIS145
FIGURE 30QUANTUM COMPUTING IN HEALTHCARE MARKET RANKING ANALYSIS, BY PLAYER, 2022145
13.3REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS146
FIGURE 31QUANTUM COMPUTING IN HEALTHCARE MARKET: REVENUE ANALYSIS OF KEY PLAYERS146
13.4QUANTUM COMPUTING IN HEALTHCARE MARKET: R&D EXPENDITURE146
FIGURE 32R&D EXPENDITURE OF KEY PLAYERS (2021 VS. 2022)146
13.5GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS147
FIGURE 33QUANTUM COMPUTING IN HEALTHCARE MARKET: GEOGRAPHIC REVENUE MIX147
13.6COMPETITIVE BENCHMARKING148
TABLE 106FOOTPRINTS OF COMPANIES IN QUANTUM COMPUTING IN HEALTHCARE MARKET148
TABLE 107COMPANY PRODUCT FOOTPRINT (26 COMPANIES)149
TABLE 108COMPANY APPLICATION FOOTPRINT (16 COMPANIES)150
TABLE 109COMPANY REGION FOOTPRINT (25 COMPANIES)151
13.7COMPANY EVALUATION QUADRANT152
13.7.1STARS152
13.7.2EMERGING LEADERS152
13.7.3PERVASIVE PLAYERS152
13.7.4PARTICIPANTS153
FIGURE 34QUANTUM COMPUTING IN HEALTHCARE MARKET: COMPANY EVALUATION QUADRANT (2022)153
13.8COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES154
13.8.1PROGRESSIVE COMPANIES154
13.8.2DYNAMIC COMPANIES154
13.8.3RESPONSIVE COMPANIES154
13.8.4STARTING BLOCKS154
FIGURE 35QUANTUM COMPUTING IN HEALTHCARE MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES (2022)155
13.9COMPETITIVE SCENARIO156
13.9.1PRODUCT/SERVICE LAUNCHES & APPROVALS156
TABLE 110PRODUCT/SERVICE LAUNCHES & APPROVALS, JANUARY 2020– APRIL 2023156
13.9.2DEALS157
TABLE 111DEALS, JANUARY 2020– APRIL 2023157
14COMPANY PROFILES158
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
14.1KEY PLAYERS158
14.1.1RIGETTI & CO, LLC.158
TABLE 112RIGETTI & CO, LLC.: COMPANY OVERVIEW158
FIGURE 36RIGETTI & CO, LLC.: COMPANY SNAPSHOT (2022)159
14.1.2IBM163
TABLE 113IBM: COMPANY OVERVIEW163
FIGURE 37IBM: COMPANY SNAPSHOT (2022)163
14.1.3D-WAVE QUANTUM INC.166
TABLE 114D-WAVE QUANTUM INC.: COMPANY OVERVIEW166
FIGURE 38D-WAVE QUANTUM INC.: COMPANY SNAPSHOT (2022)166
14.1.4QUANDELA171
TABLE 115QUANDELA: COMPANY OVERVIEW171
14.1.5IONQ174
TABLE 116IONQ: COMPANY OVERVIEW174
FIGURE 39IONQ: COMPANY SNAPSHOT (2022)174
14.1.6QUANTINUUM LTD.177
TABLE 117QUANTINUUM LTD.: COMPANY OVERVIEW177
14.1.7GOOGLE LLC179
TABLE 118GOOGLE LLC: COMPANY OVERVIEW179
FIGURE 40GOOGLE LLC: COMPANY SNAPSHOT (2022)180
14.1.8ID QUANTIQUE182
TABLE 119ID QUANTIQUE: COMPANY OVERVIEW182
14.1.9ZAPATA COMPUTING184
TABLE 120ZAPATA COMPUTING: COMPANY OVERVIEW184
14.1.10ATOS SE186
TABLE 121ATOS SE: COMPANY OVERVIEW186
FIGURE 41ATOS SE: COMPANY SNAPSHOT (2022)186
14.1.11QC WARE188
TABLE 122QC WARE: COMPANY OVERVIEW188
14.1.12CLASSIQ TECHNOLOGIES LTD.190
TABLE 123CLASSIQ TECHNOLOGIES LTD.: COMPANY OVERVIEW190
14.1.13XANADU QUANTUM TECHNOLOGIES INC.192
TABLE 124XANADU QUANTUM TECHNOLOGIES INC.: COMPANY OVERVIEW192
14.1.14HEFEI ORIGIN QUANTUM COMPUTING TECHNOLOGY CO., LTD.194
TABLE 125HEFEI ORIGIN QUANTUM COMPUTING TECHNOLOGY CO., LTD.: COMPANY OVERVIEW194
14.1.15PROTIVITI INC.196
TABLE 126PROTIVITI INC.: COMPANY OVERVIEW196
14.1.16PWC197
TABLE 127PWC: COMPANY OVERVIEW197
14.1.17DELOITTE198
TABLE 128DELOITTE: COMPANY OVERVIEW198
14.1.18ACCENTURE199
TABLE 129ACCENTURE: COMPANY OVERVIEW199
FIGURE 42ACCENTURE: COMPANY SNAPSHOT (2022)200
14.2OTHER PLAYERS202
14.2.1AMAZON WEB SERVICES (AWS)202
14.2.2PASQAL203
14.2.3FUJITSU203
14.2.4SANDBOX AQ204
14.2.5SEEQC204
14.2.6QUINTESSENCELABS205
14.2.7QNAMI206
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15APPENDIX207
15.1DISCUSSION GUIDE207
15.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL211
15.3CUSTOMIZATION OPTIONS213
15.4RELATED REPORTS214
15.5AUTHOR DETAILS215