Towards Healthcare
Quantum Computing in Healthcare Market to Rise at 37.86% CAGR till 2034

Quantum Computing in Healthcare Market Insights 2025 Growth

According to market projections, the quantum computing in healthcare sector is expected to grow from USD 121.6 million in 2024 to USD 3037.83 million by 2034, reflecting a CAGR of 37.86%. The wide expansion of modern computer technologies and their broad assistance in healthcare data analysis have revolutionized quantum computing in healthcare. North America dominated the market in 2024 due to significant investments and funding in quantum technologies.

Category: Healthcare IT Insight Code: 6072 Format: PDF / PPT / Excel

Quantum Computing in Healthcare Market Size, Top Key Players with Shares

The global quantum computing in healthcare market size reached USD 121.6 million in 2024, grew to USD 167.71 million in 2025, and is projected to hit around USD 3037.83 million by 2034, expanding at a CAGR of 37.86% during the forecast period from 2025 to 2034.

Quantum Computing in Healthcare Market Size 2024 to 2034

Quantum computing remains a crucial part in transforming healthcare research and biomedical discovery. It helps to solve complex medical issues that are generally critical to resolve by traditional computers or even supercomputers. The major quantum computing in healthcare market players, like IBM, introduced the most advanced quantum computers that will accelerate scientific research and quantum technologies.

Quantum technologies hold immense potential in the pharmaceutical industry to redefine molecular structures and simulate medication interactions. One of the research papers published by the National Quantum Computing Center describes the remarkable potential of quantum computing in healthcare and pharmaceuticals. Based on quantum mechanics, these technologies can diagnose certain diseases with the help of quantum algorithms in a more accurate and quick manner. In recent times, Microsoft and Quantinuum have achieved success in reliable quantum computing by combining classical and quantum capabilities. Microsoft reported its investments in American leadership in quantum technology.

Key Takeaways

  • The quantum computing in healthcare market will likely exceed USD 121.6 million by 2024.
  • Valuation is projected to hit USD 3037.83 million by 2034.
  • Estimated to grow at a CAGR of 37.86% starting from 2025 to 2034.
  • North America held the major revenue share of approximately 41% and dominated the quantum computing in healthcare market in 2024. 
  • Asia-Pacific is expected to witness the fastest growth during the predicted timeframe of 2025-2034.
  • By application, the drug discovery & molecular modeling segment dominated the market in 2024 with a revenue share of approximately 35%.
  • By application, the personalized medicine & treatment optimization segment is expected to witness the fastest growth during the forecast period.
  • By quantum technology type, the quantum annealing segment dominated the market in 2024 with a revenue share of approximately 40%.
  • By quantum technology type, the quantum-inspired/HPC hybrid systems segment is expected to witness the fastest growth during the forecast period.
  • By service type, the quantum software & algorithms segment dominated the quantum computing in healthcare market in 2024 with a revenue share of approximately 45%.
  • By service type, the custom quantum R&D services segment is expected to witness the fastest growth during the forecast period.
  • By end user, the pharmaceutical & biotech companies segment dominated the market in 2024 with a revenue share of approximately 36%.
  • By end user, the technology vendors/startups segment is expected to witness the fastest growth during the forecast period.

Quick Facts Table

Table Scope
Market Size in 2025 USD 167.71 Million
Projected Market Size in 2034 USD 3037.83 Million
CAGR (2025 - 2034) 37.86%
Leading Region North America Share 41%
Market Segmentation By Application, By Quantum Technology Type, By Service Type , By End User, By Region
Top Key Players IBM Quantum, Google Quantum AI, D-Wave Systems, Rigetti Computing, Microsoft (Azure Quantum), IonQ, Pasqal, QC Ware, Zap Energy / PsiQuantum (investors), Zapata Computing, Cambridge Quantum (now Quantinuum), Classiq (hybrid circuit design), 1QBit, BosonQ Psi, GE Healthcare, Bayer / Boehringer Ingelheim / Roche, Alibaba Cloud, Amazon Braket (AWS), Tencent Quantum Lab, CQC2T

What is Quantum Computing in Healthcare Market?

The quantum computing in healthcare market spans the use of quantum computing technologies such as quantum annealing, gate-based quantum processors, and quantum-inspired algorithms for solving complex healthcare challenges. Applications include drug discovery (molecular simulation), genomics (read alignment, variant calling), medical imaging enhancement, optimization of clinical trial designs and logistics, and personalized treatment planning. Demand is driven by the exponentially growing data complexity in the life sciences, limitations of classical computing, and breakthroughs in quantum hardware and hybrid quantum-classical algorithms.

  • The investments and funding of the leading suppliers of photonic quantum chips drive the growth of quantum chip technology. For instance, in April 2025, Sparrow Quantum acquired €21.5 million led by PensionDanmark, Novo Holdings, EIFO, and others to boost production, R&D, and commercialization of its photonic quantum chip technology. 
  • The expansion of digital training programs aims to empower the global population with the newest skills. For instance, in April 2024, Microsoft announced the investment of US$2.9 billion in cloud infrastructure and artificial intelligence in Japan while encouraging research, skills, and cybersecurity in the nation. 

What are the Benefits of AI in the Quantum Computing in Healthcare Market?

AI algorithms contribute to the analysis of a vast amount of data, such as data related to molecules, diseases, and clinical trials. Generative AI is helpful to researchers in designing new molecules with specific desired properties. AI helps in drug discovery and development in a smart and fast manner. It also assists in making treatments accessible to patients faster and developing drugs with few side effects.

Market Dynamics

Driver

What are the Major Drifts in Quantum Computing?

Quantum computing plays a pivotal role in enhancing medical technology and treatments. It is majorly involved in the interpretation of genetic data, public health surveillance, and optimization of clinical trials. Quantum science assists in biomedical research, medical imaging analysis, and personalized medicine. It accelerates drug discovery, enhances cybersecurity, and results in enhanced data processing.

Restraint

What are the Potential Challenges in Healthcare?

The healthcare sector faces challenges in improving diagnostic accuracy, data management, and treatment efficacy. There are certain limitations associated with traditional computational methods in terms of linear scaling and processing capabilities. These limitations hinder their potential to manage and analyze the vast datasets in healthcare.  

Opportunity

What is the Future of Quantum Computing in Healthcare Market?

Healthcare industries are employing several advanced technologies, such as diagnostic imaging tools like CT scanners and MRI, electronic health records, and complex bioinformatics systems for genomics. Quantum computing holds immense potential to reduce time and costs associated with new drug development processes. It enhances molecular interactions, drug discovery, and diagnostic processes. Healthcare providers are adopting personalized treatment approaches through data privacy and security.

Segmental Insights

How does the Drug Discovery & Molecular Modeling Segment Dominate the Market in 2024?

The drug discovery & molecular modeling segment dominates the quantum computing in healthcare market in 2024, owing to the development of new therapies. The rising trend of precision medicine and increased focus on reducing the burden of diseases drive cutting-edge technologies. Drug discovery leads to the prevention or treatment of various diseases like diabetes, cancer, and infectious diseases.

The personalized medicine & treatment optimization segment is expected to grow at the fastest CAGR in the quantum computing in healthcare market during the forecast period due to the effectiveness of various treatments. The integration of genetic testing, molecular profiling, and many other technologies aims to reduce trial-and-error approaches during treatments. These strategies result in reduced adverse effects while delivering proactive and preventive care.

What made Quantum Annealing the Dominant Segment in the Market in 2024?

The quantum annealing segment dominated the quantum computing in healthcare market in 2024, owing to the potential of these technologies in managing complex tasks efficiently. Quantum annealing is specifically applicable and useful in drug discovery, molecular simulations, logistics, material science, and many other fields. This technology is accessible and helpful to researchers and businesses to explore emerging trends and drive innovations.

The quantum-inspired/HPC hybrid systems segment is expected to grow at the fastest CAGR in the quantum computing in healthcare market during the forecast period due to the improved performance of these tools and techniques for tedious optimization issues. The applications of quantum principles without requiring quantum hardware drive the adoption of these systems. These systems offer enhanced efficiency in machine learning and simulation.

How did the Quantum Software & Algorithms Segment Dominate the Market in 2024?

The quantum software & algorithms segment dominates the quantum computing in healthcare market in 2024, owing to the revolution in drug discovery and material science. These technological advancements assist with enhanced data security and sustainable solutions. They help to optimize various operations across finance, logistics, and manufacturing.

The custom quantum R&D services segment is expected to grow at the fastest CAGR in the quantum computing in healthcare market during the forecast period due to the availability of customized services for complex problems. These services help to allocate efficient resources and reduce operational costs. They facilitate improved fraud detection and enhanced risk analysis, and management.

How do Pharmaceutical & Biotech Companies Segment Dominate the Market in 2024?

The pharmaceutical & biotech companies segment dominated the quantum computing in healthcare market in 2024, owing to accurate and fast molecular simulations that drive improved drug discovery and development. Biopharmaceutical companies are experiencing improved manufacturing and supply chains and adopting the rising trend of personalized medicine. Cutting-edge computational technologies offer enhanced data security and privacy to biopharmaceutical firms.

The technology vendors/startups segment is expected to grow at the fastest CAGR in the quantum computing in healthcare market during the forecast period due to the benefits of quantum computational technologies in terms of efficient problem-solving and excellent innovations. The increased accessibility to cloud-based quantum computing platforms allows the leading companies to expand their businesses. The innovative technologies are widely applicable across various sectors and purposes, such as optimization of business operations, cybersecurity, material science, drug discovery, etc. 

Regional Analysis

Quantum Computing in Healthcare Market Share, By Region, 2024 (%)

How does North America Dominate the Market in 2024?

North America dominated the quantum computing in healthcare market share 41% in 2024, owing to advancements in drug discovery and development and a strong R&D ecosystem. In January 2025, HCLTech and Microsoft reported the expansion of their strategic partnership to revolutionize contact centers with cloud-based solutions and generative AI. The Defense Advanced Research Projects Agency selected Microsoft to advance the development of utility-scale quantum computers through the renewal of funding from the U.S. government to Microsoft Azure. Furthermore, Microsoft and 1910 Genetics made a partnership to equip R&D productivity for the pharmaceutical industry.

  • In August 2024, the National Institute of Standards and Technology of the U.S. Department of Commerce introduced post-quantum encryption standards to adapt to cyberattacks from a quantum computer. 

U.S. Market Trends

In March 2024, NVIDIA, the major cloud provider, presented its cloud quantum computer simulation microservices to assist scientists in improving quantum computing and algorithm research through its quantum simulation platform. The House Science Committee planned to hold a hearing for the assessment of the National Quantum Initiative in May 2025, which will advance the U.S. in quantum technology. The U.S. House Committee on Science, Space, and Technology reported that the National Quantum Initiative supports the leadership of the U.S. in quantum technology. 

Canada Market Trends

The Government of Canada focuses on accelerating the development of Canadian quantum computing software, hardware, and algorithms that will support Canada’s national quantum strategy. In September 2024, Fujitsu Research highlighted the recent technological advancements in quantum error correction, diamond spin qubits, and qubit technology at the IEEE Quantum Week in Montreal, Canada. The Quantum Algorithms Institute, situated in British Columbia, Canada, is officially ordered to support the economic growth of quantum science in British Columbia.

What is the Potential of Quantum Computing in Asia Pacific?

Asia Pacific is expected to grow at the fastest CAGR in the quantum computing in healthcare market during the forecast period due to the collaborative environment for the expansion of the healthcare sector. According to IBM, quantum computing assists in accelerating India’s path to Viksit Bharat in 2047. In November 2024, SDT Inc., in partnership with MIMOS Technology Solutions in Malaysia, announced the launch of the first quantum computing center in Malaysia to provide high-performance and secure computing solutions through quantum communication and ultra-precision electronics. In December 2024, China reported the launch of the Hefei Institute of Quantum Computing and Data Medicine to integrate quantum computing with data-driven medicine. Novo Nordisk makes efforts to advance quantum computing for outstanding improvements in life sciences and healthcare.

  • In October 2024, the National Quantum Mission of India announced the launch of four thematic hubs to accelerate research and innovations in quantum computing, sensing, materials, and communication to maintain the leading position of India in quantum technology. The National Quantum Mission made efforts to establish a skilled workforce and boost quantum-driven businesses through initiatives like ‘Digital India’ and ‘Make in India’.

India Market Trends

In May 2024, Tata Consultancy Services made a strategic partnership with the Indian Institute of Technology, Bombay, to innovate the first quantum diamond microchip imager in India. Moreover, the India-UK partnership introduced the technology security initiative to accelerate economic growth in India and the United Kingdom in July 2025. These efforts aim to ensure telecommunications security and collaborations across major areas such as quantum computing, artificial intelligence, health technology, semiconductors, and critical minerals.

Singapore Market Trends

In July 2024, the Government of Singapore announced an investment of US$300 million to fuel research and development in quantum technologies over the next five years. Furthermore, the National Quantum Office of Singapore, Agency for Science, Technology and Research, National Supercomputing Center, National University of Singapore, and Quantinuum signed an MoU to make the advanced quantum computer of Quantinuum more accessible with the help of computational technology. In October 2024, Toshiba reported its commitment to a quantum-safe Singapore and to boost quantum technological innovations in Singapore through the expansion of Southeast Asia.

What is the Foreseeable Technological Growth in Europe?

Europe is expected to grow at a notable rate in the quantum computing in healthcare market in 2024. This regional growth is attributed to various government initiatives and the adoption of cutting-edge technologies. In September 2024, the European Union announced the launch of an approximately $73 million funding call to accelerate quantum chip technology by driving semiconductor innovations and technological advancements. The European Commission introduced the Quantum Europe strategy in July 2025, which aims to transform Europe into a quantum hub by 2030. The first IBM quantum data center in Europe encompasses high-performance quantum systems. 

In October 2024, European government officials and Europe-based global enterprises inaugurated the first IBM quantum data center situated outside the U.S. that will expand the fleet management system and utility-scale quantum system.

French Market Trends

Various efforts have been made to make France one of the global leaders in quantum technology. Quantum technologies are becoming key strategic areas for France and most European countries. France is the prominent choice of researchers dealing with AI, quantum cybersecurity, and computer science. 

Top Companies in the Quantum Computing in Healthcare Market

Quantum Computing in Healthcare Market Companies

  • IBM Quantum
  • Google Quantum AI
  • D-Wave Systems
  • Rigetti Computing
  • Microsoft (Azure Quantum)
  • IonQ
  • Pasqal
  • QC Ware
  • Zap Energy / PsiQuantum (investors)
  • Zapata Computing
  • Cambridge Quantum (now Quantinuum)
  • Classiq (hybrid circuit design)
  • 1QBit
  • BosonQ Psi
  • GE Healthcare
  • Bayer / Boehringer Ingelheim / Roche
  • Alibaba Cloud
  • Amazon Braket (AWS)
  • Tencent Quantum Lab
  • CQC2T

Latest Announcement by Industry Leaders

In July 2024, Dr. Subodh Kulkarni, CEO of Rigetti Computing, announced that Quanta’s investment in Rigetti will strengthen the company’s leadership in the flourishing quantum computing market. He also proclaimed that Quanta, as the world’s leading notebook/server manufacturer with $43 billion in annual sales, will support Rigetti to remain at the forefront of the quantum computing industry.

Recent Developments in Quantum Computing in Healthcare Market

  • In July 2025, Rigetti Computing Inc. announced the remarkable success of its largest multi-chip quantum computer. 
  • In November 2024, IBM and Pasqal set their vision towards the expansion of a quantum-centric supercomputing initiative.

Segments Covered in the Report

By Application 

  • Drug Discovery & Molecular Modeling
  • Genomic & Proteomic Data Analysis
  • Medical Imaging & Radiomics
  • Clinical Trial Design & Healthcare Logistics
  • Personalized Medicine & Treatment Optimization
  • Bioinformatics & Epidemiological Modeling

By Quantum Technology Type 

  • Quantum Annealing
  • Gate-Based Quantum Processors
  • Quantum-Inspired/HPC Hybrid Systems
  • Quantum Machine Learning Algorithms

By Service Type

  • Quantum Software & Algorithms
  • Cloud-based Quantum Infrastructure Access
  • Custom Quantum R&D Services
  • Quantum Consulting & Integration
  • Quantum Hardware Provisioning & Maintenance

By End User

  • Pharmaceutical & Biotech Companies
  • Academic & Research Institutions
  • Healthcare & Medical Imaging Organizations
  • Government & Public Health Agencies
  • Technology Vendors / Startups

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 01 September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

The quantum computing in healthcare market stands at USD 167.71 million in 2025 and is expected to reach USD 3037.83 million by 2034, growing at a CAGR of 37.86% from 2024 to 2034.

North America is currently leading the quantum computing in healthcare market due to industrial transformation and computational success.

The quantum computing in healthcare market includes 4 segments such as application, quantum technology type, service type, and end user

The key players in the quantum computing in healthcare market include IBM Quantum, Google Quantum AI, D-Wave Systems, Rigetti Computing, etc.

Key trends include personalized medicine, electronic health records, diagnostic imaging tools, bioinformatics systems, etc.

The U.S. House Committee on Science, Space, and Technology, Government of Canada, Government of Singapore, IIT, European Commission, European Union, etc.