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Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Quantum Computing in Healthcare Market Size, Share & Industry Trends Analysis Report By Deployment, By Component (Hardware, Software, and Services), By Technology, By Application, By End User, By Regional Outlook and Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global Quantum Computing in Healthcare market is on a trajectory for substantial growth, with a projected market size of $1 billion by 2030. The market is expected to experience a remarkable Compound Annual Growth Rate (CAGR) of 45.4% during the forecast period.

Radiotherapy Segment to Drive Significant Revenue

In 2022, the Radiotherapy segment emerged as a major revenue contributor in the Quantum Computing in Healthcare market, generating $5,335.2 million. Radiotherapy involves the use of radiation to eliminate malignant cells or halt their proliferation, frequently used in cancer treatment. Developing a radiation plan that minimizes harm to healthy tissues and body parts is crucial. This process entails complex optimization challenges with numerous variables. Quantum computing can assist in simulating a wide range of possibilities between each iteration, enabling healthcare professionals to concurrently run multiple simulations and formulate an optimal radiation strategy.

Partnerships Driving Market Development

Key market participants are embracing partnerships as a strategic approach to meet evolving end-user demands:

Market Competition Analysis

Google LLC leads the market, notably partnering with Bayer AG for drug discovery. Additionally, companies such as Accenture PLC, IBM Corporation, and Protiviti Inc. are playing crucial roles in driving innovation in the Quantum Computing in Healthcare market.

Factors Driving Market Growth

Two key factors are propelling the growth of the Quantum Computing in Healthcare market:

Factors Restraining Market Growth

Several challenges hinder the quantum computing healthcare market's growth:

Market Segmentation

The Quantum Computing in Healthcare market is segmented based on components, technology, applications, end-users, and deployment:

Component:

Technology:

Application:

End-user:

Deployment:

Regional Outlook

As of 2022, North America leads the Quantum Computing in Healthcare market, with strong investments and collaborations driving quantum computing advancements. The development of quantum computing is particularly significant in the pharmaceutical and biopharmaceutical sectors.

Key Players

Key market players, including 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, are actively contributing to the growth and innovation of the Quantum Computing in Healthcare market.

For more information about this report visit https://www.researchandmarkets.com/r/xrt3tc

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Quantum Computing in Healthcare: A Billion-Dollar Revolution by ... - GlobeNewswire