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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Quantum Computing in Drug Discovery Market Growth Drivers
Increase in Utilization of Software to Affect the Market Landscape Significantly
With the increase in digitalization and advancement in technologies, healthcare has excelled in adopting the technologies that make drug discovery smoother and efficient. In May 2024, Google Deepmind revealed its breakthrough advancement in drug discovery, an AI model, AlphaFold 3 that is designed to help scientists design drugs and target diseases more effectively. The new AI model utilizes machine learning algorithms to predict molecular interactions more accurately and rapidly. One of the features of this model is its ability to predict protein-ligand interactions without the need for a pre-defined reference structure.
Growth in Strategic Collaborations to Meet Rising Quantum Computing in Drug Discovery Market Demand
In February 2024, 1910 Genetics entered into a 5-year commercial agreement with Microsoft. The collaboration combines 1910 Genetic’s robotics-driven laboratory automation and multimodal AI (artificial intelligence) models with Microsoft’s HPC (high-performance computing) platform Azure Quantum Elements. It intends to Build an infrastructure layer for drug discovery and development using AI and HPC and significantly reduce the time and financial investment required to bring new therapies to the market.
Quantum Computing in Drug Discovery Market Report Snapshots
Quantum Computing in Drug Discovery Market Size
Quantum Computing in Drug Discovery Market Growth
Quantum Computing in Drug Discovery Market Trends
Quantum Computing in Drug Discovery Market Share
Quantum Computing in Drug Discovery Market Regional Analysis
Quantum Computing in Drug Discovery Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Australia
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+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124