The North America Quantum Computing in Healthcare Market should witness market growth of 44.2% CAGR during the forecast period (2023-2030).
With the help of a rapidly evolving technology called quantum computing, more complicated problems can be solved by conventional computers while still adhering to the principles of quantum mechanics. It has been possible to perform calculations based on quantum mechanics using a quantum computer. Regarding speed, bits, and data, it is distinct from traditional computing. Instead of the two bits employed by conventional computing, the system utilizes all states between 0 and 1, producing superior results and processing data more quickly. The system's main use is to compare different solutions to difficult situations and select the best one.
Quantum computing is a swiftly expanding field of technology. The number of patent applications for quantum technologies has dramatically increased in recent years submitted by different companies throughout the region, which can aid in assessing the development of the quantum ecosystem. Patents and investments are improving the future by developing better technologies. As an example, AMD filed a teleportation patent in September 2021 to encourage quantum computing. It is predicted that the method described in the patent will resolve the scalability and stability difficulties by decreasing the number of qubits that are necessary for accurate calculations.
The demand for precision medicine is also rising as autoimmune illnesses become more common in Canada. According to Statistics Canada, 19.3% of Canadians aged 15 or older (or roughly 5.7 million) reported having arthritis in 2017. This chronic condition affected 16.0% of men and 22.4% of women. Canada is a major market, with an increased focus on developing cutting-edge healthcare platforms and technology. Specific treatments are currently being researched and developed across the country by numerous academic institutions and biotechnology companies. As a result, the region offers the market a profitable opportunity for expansion.
The US market dominated the North America Quantum Computing in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $378,620.6 Thousands by 2030. The Canada market is poised to grow at a CAGR of 47.4% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 46.2% during (2023-2030).
Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Technology, the market is segmented into Superconducting Qubits, Trapped Ions, Quantum Annealing, and Others. Based on Application, the market is segmented into Drug Discovery & Development, Medical Diagnostics, Genomics & Precision Medicine, Radiotherapy, Risk Analysis, and Others. Based on End-user, the market is segmented into Pharmaceutical & Biopharmaceutical Companies, Labs & Research Institutes, Healthcare Providers, and Healthcare Payers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, RIGETTI COMPUTING, INC., ID Quantique SA, D-Wave Systems Inc., Google LLC (Alphabet Inc.), Protiviti Inc. (ROBERT HALF INTERNATIONAL INC.), Deloitte Touche Tohmatsu Limited, Accenture PLC and Atos Group.
With the help of a rapidly evolving technology called quantum computing, more complicated problems can be solved by conventional computers while still adhering to the principles of quantum mechanics. It has been possible to perform calculations based on quantum mechanics using a quantum computer. Regarding speed, bits, and data, it is distinct from traditional computing. Instead of the two bits employed by conventional computing, the system utilizes all states between 0 and 1, producing superior results and processing data more quickly. The system's main use is to compare different solutions to difficult situations and select the best one.
Quantum computing is a swiftly expanding field of technology. The number of patent applications for quantum technologies has dramatically increased in recent years submitted by different companies throughout the region, which can aid in assessing the development of the quantum ecosystem. Patents and investments are improving the future by developing better technologies. As an example, AMD filed a teleportation patent in September 2021 to encourage quantum computing. It is predicted that the method described in the patent will resolve the scalability and stability difficulties by decreasing the number of qubits that are necessary for accurate calculations.
The demand for precision medicine is also rising as autoimmune illnesses become more common in Canada. According to Statistics Canada, 19.3% of Canadians aged 15 or older (or roughly 5.7 million) reported having arthritis in 2017. This chronic condition affected 16.0% of men and 22.4% of women. Canada is a major market, with an increased focus on developing cutting-edge healthcare platforms and technology. Specific treatments are currently being researched and developed across the country by numerous academic institutions and biotechnology companies. As a result, the region offers the market a profitable opportunity for expansion.
The US market dominated the North America Quantum Computing in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $378,620.6 Thousands by 2030. The Canada market is poised to grow at a CAGR of 47.4% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 46.2% during (2023-2030).
Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Technology, the market is segmented into Superconducting Qubits, Trapped Ions, Quantum Annealing, and Others. Based on Application, the market is segmented into Drug Discovery & Development, Medical Diagnostics, Genomics & Precision Medicine, Radiotherapy, Risk Analysis, and Others. Based on End-user, the market is segmented into Pharmaceutical & Biopharmaceutical Companies, Labs & Research Institutes, Healthcare Providers, and Healthcare Payers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, RIGETTI COMPUTING, INC., ID Quantique SA, D-Wave Systems Inc., Google LLC (Alphabet Inc.), Protiviti Inc. (ROBERT HALF INTERNATIONAL INC.), Deloitte Touche Tohmatsu Limited, Accenture PLC and Atos Group.
Scope of the Study
By Deployment
- On-premise
- Cloud
By Component
- Hardware
- Software
- Services
By Technology
- Superconducting Qubits
- Trapped Ions
- Quantum Annealing
- Others
By Application
- Drug Discovery & Development
- Medical Diagnostics
- Genomics & Precision Medicine
- Radiotherapy
- Risk Analysis
- Others
By End-user
- Pharmaceutical & Biopharmaceutical Companies
- Labs & Research Institutes
- Healthcare Providers
- Healthcare Payers
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- RIGETTI COMPUTING, INC.
- ID Quantique SA
- D-Wave Systems Inc.
- Google LLC (Alphabet Inc.)
- Protiviti Inc. (ROBERT HALF INTERNATIONAL INC.)
- Deloitte Touche Tohmatsu Limited
- Accenture PLC
- Atos Group
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Quantum Computing in Healthcare Market by Deployment
Chapter 5. North America Quantum Computing in Healthcare Market by Component
Chapter 6. North America Quantum Computing in Healthcare Market by Technology
Chapter 7. North America Quantum Computing in Healthcare Market by Application
Chapter 8. North America Quantum Computing in Healthcare Market by End User
Chapter 9. North America Quantum Computing in Healthcare Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- RIGETTI COMPUTING, INC.
- ID Quantique SA
- D-Wave Systems Inc.
- Google LLC (Alphabet Inc.)
- Protiviti Inc. (ROBERT HALF INTERNATIONAL INC.)
- Deloitte Touche Tohmatsu Limited
- Accenture PLC
- Atos Group
Methodology
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