April 15, 2024

How quantum computing can benefit drug discovery

In 2022, the drug discovery market was valued at $55.46 billion, and by 2032, that figure is expected to more than double, reaching $133.11 billion. This is a huge sum of money; However, after events like COVID-19, we now know that time is equally crucial in the drug discovery sector.

With new drug discovery taking up to a decade and development costs increasing, quantum computing can have a significant impact in this space. In terms of quantum use cases, the development of broad-spectrum antiviral drugs will deliver direct benefits. The pharmaceutical industry is becoming increasingly digital, with the aim of optimizing and maintaining processes throughout the development lifecycle to reduce time and resource costs, aligning with the arrival of new computational technologies.

What are the realistic quantum benefits for life sciences?

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