Quantum Tech & Life Science

An overview of quantum tech in life science

Keywords: quantum value chain, life science

Client access link: https://my.global-qi.com/1sn0ule/

Quantum Tech in Life Science has a wide array of applications spanning computing, sensing and cryptography. As those technologies mature, we observe a sub-segmentation within Life Science, which we present below. While many have overlaps, there are distinct use cases and players in each of them, while many of the global large vendors also play in all of them.

Pharmaceutical companies develop and distribute medicines to cure, treat or prevent diseases and conditions. Pharmaceutical companies may produce generic or innovator medications. In the year 2019, the global pharmaceutical industry made an estimated business worth $1.3tn. The top pharmaceutical companies such as Pfizer, Roche, Merck, Johnson & Johnson, and Novartis had a significant share in the industry's growth with innovative new product launches.

Biotech firms use the natural processes of living organisms to manufacture products, food and medicinal products or solve challenges. The global biotechnology market size was estimated to value at $449bn in the year 2019 and is expected to be worth $727.1bn by 2025. The largest biotech companies include Novo Nordisk, CSL, Gilead Sciences, Celgene and Allergan.