The quantum computing in drug discovery services market is anticipated to grow at 14% CAGR by 2035, according to a market research report by Roots Analysis

Owing to the various benefits of quantum computing, such as big data processing and complex molecular modeling for minimizing cost and time investment, the adoption rate of quantum computing in pharmaceutical industry is expected to increase rapidly during the forecast period. Additionally, various partnerships have been inked for application of quantum computing in drug discovery. Majority of these partnerships are research and development agreements, followed by platform utilization agreements. Drug developers require support from both quantum computing software and hardware developers. In July 2021, Riverlane and Astex Pharmaceuticals announced their collaboration with Rigetti Computing to utilize their quantum systems along with Riverlane's algorithm expertise to develop molecular models of chemical compounds and study their interaction with proteins in the human body.

Owing to the various benefits of quantum computing, such as big data processing and complex molecular modeling for minimizing cost and time investment, the adoption rate of quantum computing in pharmaceutical industry is expected to increase rapidly during the forecast period. Additionally, various partnerships have been inked for application of quantum computing in drug discovery. Majority of these partnerships are research and development agreements, followed by platform utilization agreements. Drug developers require support from both quantum computing software and hardware developers. In July 2021, Riverlane and Astex Pharmaceuticals announced their collaboration with Rigetti Computing to utilize their quantum systems along with Riverlane's algorithm expertise to develop molecular models of chemical compounds and study their interaction with proteins in the human body.

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Key Market Insights

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The financial opportunity within the quantum computing in drug discovery services market has been analysed across the following segments:

The research also includes detailed profiles of the key players (listed below) engaged in the quantum computing in drug discovery services market; each profile features an overview of the company, its financial information (if available), details related to its service portfolio, and recent developments and an informed future outlook.

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For additional details, please visit https://www.rootsanalysis.com/reports/quantum-computing-in-drug-discovery.html or email sales@rootsanalysis.com 

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