Rapid drug discovery and development is expected to drive market expansion in the near future at a CAGR of 42.90% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Quantum Computing in Healthcare Market” that contains information from 2018 to 2032. The quantum computing in healthcare market is estimated to register a CAGR of 42.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global quantum computing in Healthcare market— IBM Corporation, Microsoft Corporation, Google LLC, D-Wave Systems, IonQInc, Rigetti Computing, Fujitsu Ltd, Intel Corporation, Honeywell International Inc, and AT&T Inc. and others.

Market Highlights

The global Quantum Computing in Healthcare market is accounted to register a CAGR of 42.90% during the forecast period and is estimated to reach USD 1.98 Billion by 2032.

Quantum computing in healthcare represents a revolutionary approach to solving complex problems in drug discovery, genomics, disease modeling, and patient care. Leveraging the unique properties of quantum bits or qubits, quantum computers have the potential to process vast datasets and perform calculations at speeds currently unimaginable with classical computers. This technology promises to accelerate medical research, optimize treatment plans, and transform the healthcare industry by enabling faster, more precise diagnoses and treatments. However, practical applications are still in the early stages of development, with many challenges to overcome before widespread adoption in healthcare.

Segment Analysis

The global quantum computing in healthcare market has been segmented based component, technology, application, end user and deployment.

On the basis of component, the market is segmented into hardware, software and services. The services segment dominated the market in 2022. Quantum computing is a highly specialized field that requires expertise in quantum physics, quantum algorithms, and quantum hardware.

Based on technology, the global quantum computing in healthcare market has been segmented into superconducting qubits, trapped ions, quantum annealing and others. The superconducting qubits segment dominated the market in 2022. Comparing superconducting qubits to conventional computers, they provide enormous processing power. They are capable of carrying out intricate computations at speeds that were previously unthinkable.

Based on application, the global quantum computing in healthcare market has been segmented into drug discovery and development, medical diagnostics, genomics and precision medicine, radiotherapy, risk analysis and others. The drug discovery and development segment dominated the market in 2022. Finding potential medication candidates requires time-consuming and expensive screening of a large number of chemical compounds, which is a step in the drug discovery process.

Based on end user, the global quantum computing in healthcare market has been segmented into pharmaceutical and biopharmaceutical companies, labs and research institutes, healthcare providers and healthcare payers. The pharmaceutical and biopharmaceutical companies segment dominated the market in 2022. Pharmaceutical and biopharmaceutical companies are constantly under pressure to introduce new drugs and treatments.

Based on deployment, the global quantum computing in healthcare market has been segmented into on premises and cloud based. The cloud based category generated the most income in 2022. Platforms for quantum computing in the cloud offer scalability to meet the different computational demands of healthcare applications.

Regional Analysis

The global quantum computing in healthcare market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Quantum Computing in Healthcare market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Quantum Computing in Healthcare market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Quantum Computing in Healthcare market comprises of Middle East, Africa, and Latin America.

The North America quantum computing in healthcare market dominated this market in 2022 (45.80%). North America, especially the United States, is home to some of the most prestigious research institutions, educational institutions, and IT companies. These companies are actively working to develop and research quantum computing. Collaborations between these organizations and healthcare practitioners are encouraging innovation in the medical field in areas including genetics, disease modeling, and medication discovery.

Moreover, Europe holds the second-largest market share for quantum computing in healthcare. Just two of the established hubs and centers of excellence for quantum research in Europe are the QuTech Institute in the Netherlands and the Quantum Flagship program. These hubs foster communication among quantum researchers, IT companies, and healthcare professionals, which encourages the development of quantum treatments for healthcare problems.

Additionally, the Asia-Pacific quantum computing in healthcare market is expected to grow at the fastest CAGR from 2023 to 2032. In countries like China, Australia, and Japan, as well as the Asia Pacific area as a whole, quantum hubs are beginning to emerge. These institutions are heavily funding the development of quantum technology, particularly its potential uses in medicine. Partnerships between academic institutions, business owners, and healthcare groups in the area are fueling quantum innovation.

Furthermore, the rest of the world's quantum computing in healthcare market is divided into the Middle East, Africa, and Latin America. In Latin America, quantum computing in healthcare holds immense promise but is in its nascent stages. It offers the potential to revolutionize medical research, drug discovery, and disease modeling by processing vast datasets at unprecedented speeds. While the technology is still evolving, Latin American countries are gradually exploring its applications in healthcare. Challenges such as infrastructure and expertise development need to be addressed, but the region is poised to benefit from quantum computing's transformative potential in the future of healthcare.

Key Findings of the Study

• The global quantum computing in healthcare market is expected to reach USD 1.98 Billion by 2032, at a CAGR of 42.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market Quantum hubs are starting to form in the Asia Pacific region in nations including China, Australia, and Japan.


• Based on deployment, the cloud based segment was attributed to holding the largest market in 2022.


• IBM Corporation, Microsoft Corporation, Google LLC, D-Wave Systems, IonQInc, Rigetti Computing, Fujitsu Ltd, Intel Corporation, Honeywell International Inc, and AT&T Inc. and others.