Global Medical Microcontroller Market - 2023-2030

Overview

Global Medical Microcontrollers Market reached US$ 27.5 billion in 2022 and is expected to reach US$ 48.3 billion by 2030, growing with a CAGR of 10.8% during the forecast period 2023-2030.

An increase in the applications of medical microcontrollers in medical devices helped to boost the market growth of medical microcontrollers over the forecast period. In recent years medical devices become more compact and portable hence the demand for small medical microcontrollers is increasing. Medical microcontrollers are required due to enabling data collection, communication and remote monitoring in healthcare.

Medical microcontrollers play an important role in personalized medical devices that adapt to patients' specific needs and conditions. The rising trend towards personalized medicine involves tailoring treatments to individual patients. Medical devices with the connectivity features, such as IoT-enabled devices offers tremendous opportunity for medical microcontrollers.

The rapidly growing medical industry in North America helps to boost the market growth of the medical microcontroller market over the forecast period. According to the data given by the Advanced Medical Technology Association, U.S. is the largest medical device market in the world accounted over 40% of the global medtech market. AI and machine learning are rapidly using in the medical industry.

Some of the major key players launched new products in the market. For instance, on April 28, 2023, Microchip Technology Inc., a U.S.-based company launched 5 new 8-bit PIC and AVR MCUs product families and over 60 new devices in the market. The newly launched products AVR MCUs and PIC are easily communicate with other chips.

Dynamics

Increasing Medical Instrumentation Applications

Microcontrollers are a device that contains ROM, RAM, CPU, clock circuit and I/O circuity on a single integrated circuit package. It does not need accompanying support chips for its operation similar to conventional microprocessors. Microcontrollers have the advantage of performing the signal processing functions of a limiter, rectifier, comparator, integrator, differentiator, logarithmic amplifier, active filter and phase-sensitive demodulator in software by replacing analog circuits.

For instance, the PIC18-Q40 family is a microcontroller that offers key features including extending the PIC18 portfolio to low pin count with large flash memory, small footmark packages and multipurpose analog and digital CIPs for portable and space-constrained designs. The tool is used in medical devices used in telehealth and remote medical care, nebulizers and syringe pumps. As per the American Hospital Association reports, around 76% of U.S. hospitals use telehealth to connect remotely with patients and practitioners.

Using the microcontroller results in fewer IC packages which complexity reduces and provides cost and space benefits. Furthermore, It has the ability to self-calibration and detection of errors increasing the reliability of the biomedical instrument. Due to microcontrollers having diminished hardware design & board density and low-cost maintenance, they are mostly used in portable medical equipment.

Raping increasing the applications of medical instrumentation involves utilizing technology and devices to enhance various aspects of healthcare. Rising demand for remote patient monitoring helps to boost the medical microcontrollers market. According to the data given by the University of Pittsburgh Medical Center, advanced technological instruments in the medical industry reduce the risk of hospital readmissions by 76% and held patient satisfaction scores over 90%.

High demand for smart medical applications

The innovation and adoption of telemedicine in the healthcare industry have inspired the demand for medical devices. Also, the medical devices used by healthcare providers and staff to endlessly monitor patient well-being and treatment situations remotely. Additionally, different biometric and wearable devices are gaining the attention of youths and becoming popular for use in day-to-day healthcare, providing a boost to a new wave of the medical devices industry and creating potential business opportunities for medical microcontroller

For instance, according to ABB company, the wearable medical devices market is expected to grow by CAGR of 18%, from US$ 115.8 Billion in 2021 to 380.5 Billion by 2028. High innovation and competative rivalary in this industry expacted to innovate new products in future, which will eventually create deamnd for medical microcontrollers as well. As microcontrollers (MCUs) are playing important role in a wide range of portable medical instrumentation products.

Automation and Industry 4.0 and Consumer Electronics Market Expansion

The automation of medical industrial processes and the implementation of Industry 4.0 principles are driving the demand for microcontrollers. Industry 4.0 majorly focuses on the integration of advanced manufacturing technologies of medical devices. Artificial intelligence, robotics and IoT create smart production systems. Microcontrollers play an important role in monitoring and controlling the healthcare industry.

For instance, in March 2019 Doctors in China used remote surgical tools for the implementation of stimulation devices in the patient's brain on an operating table that is 2,000 miles away. Healthcare robots help patients who have suffered partial paralysis due to stroke and other neurological conditions. Sensors and microcontrollers are used in the robots to examine human condition.

High Product Cost

The higher cost of medical microcontrollers compared to standard microcontrollers is due to the stringent requirements, specialized design and regulatory compliance needed for the medical applications. Some of the factors affecting on the cost of medical microcontrollers are Design and Development, Regulatory Compliance, Quality Control and Certifications. Designing medical microcontrollers required extra engineering efforts for reliability, safety and accuracy.

Medical microcontrollers adhere to strict regulatory standards set by FDA and international standards like IEC 60601. The production of medical microcontrollers requires quality control processes for patients safety. Due to these factors medical microcontrollers have high cost. For instance, PIC16F877A has cost of US$ 6.72/1 pc, ATMEGA328P has cost of US$ 4.98/1 pc and LPC1113FBD48 has cost of US$ 2.24/1pc.

Segment Analysis

The global medical microcontrollers market is segmented based on type, application and region.

Advancements in the Internet of Things (IoT) in the Medical Industry

During forecast period 2022-2030, 16-bit microcontrollers is expected to dominate the global market with around 1/3rd share. Increase in the application of 16-Bit Microcontroller due to its low cost and power consumption. It gives higher processing power compared to 8-bit microcontrollers. The 16-Bit microcontroller is able to handle data manipulation, more complex algorithms and multitasking, which makes it suitable for moderate computational power applications.

The larger memory space of the 16-bit microcontrollers allows it for more extensive code storage. Also, an increase in product launches by major key players helps to boost segment growth over the forecast period. For instance, on October 16, 2021, Renesas Electronics Corporation, a supplier of advanced semiconductor solutions announced the launch of a 16-bit general-purpose RL78/G23 microcontroller. The new product launch further strengthens its RL78 Family of 8-bit and 16-bit MCUs for various applications.

Geographical Penetration

North America's Growing Aging Population

North America medical microcontrollers market accounted largest market share of about 32.1% in 2022, due to the rapid growth in the medical devices industry. Due to this increase in the adoption and sales of medical microcontrollers. The rapid advancement in the patient monitoring devices, diagnostic equipment and implantable devices drives the need for high-performance microcontrollers with its advance features.

Due to the growing aging population in North America increase the demand of medical devices that aid in treatment, diagnostics and monitoring. The trend drives the demand for advanced microcontroller technology. According to the data given by U.S. Sensus Bureau, U.S.'s population age 65 and over grow nearly 5 times faster than the total population from 1920 to 2020. The older population in the region reached 55.8 million in U.S.

Competitive Landscape

The major global players include: NXP Semiconductors, Renesas Electronics, Microchip Technology, Infineon Technologies, STMicroelectronics , Texas Instruments, GIE Media, Inc., Silicon Laboratories , Microchip Technology Inc. and Silicon Laboratories.

COVID Impact

The COVID-19 pandemic has had a significant impact on economies and industries worldwide, including the medical microcontroller market. Medical microcontrollers are crucial components used in various electronic devices and systems. The outbreak of COVID-19 led to disruptions in global supply chains, affecting the production and availability of medical microcontrollers.

Lockdown measures, travel restrictions and factory closures implemented to contain the virus severely impacted the manufacturing and distribution processes. According to the International Monetary Fund (IMF), the global economy experienced a contraction of 3.5% in 2020 due to the pandemic.

Globally consumers are spending more time at home due to this there is increased demand for medical instruments. Rapid innovation in medical technology during the pandemic due to the urgent requirement of the patients. The market is negatively impacted due to disruptions in the supply chain, transportation restrictions and manufacturing challenges affecting the availability of components and materials used in medical microcontroller production.

Russia- Ukraine War Impact

The Russia-Ukraine conflict led to raw material shortages of medical microcontrollers due to the supply chain disruption which negatively impacted on the market growth. Ukraine is one of the major suppliers of raw materials used in medical microcontrollers manufacturing. Due to the disruption in supply chains raw materials required for medical microcontroller has been limited.

The shortage of raw materials has resulted in increased costs of medical microcontroller manufacturers. Ukraine, specifically, has a significant presence in the medical microcontroller industry, with several prominent semiconductor companies located within its borders. The conflict has led to disruptions in production and distribution channels, resulting in reduced availability of medical microcontrollers.

The ongoing conflict affected negatively on the medical microcontrollers market due to the supply chain disruptions and importand export restrictions. Due to this there is shortage of microcontrollers or components required for medical device manufacturing. Russia Ukraine affected zones facing challenges in the research and development of medical microcontroller. Due to the economic instability and uncertainty market is affected negatively due to the lack of funding and investments.

By Type

• 8-Bit Microcontrollers
• 16-Bit Microcontrollers
• 32-Bit Microcontrollers

By Application

• Detection and Diagnosis
• Monitoring Equipment
• Treatment Equipment

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On March 14, 2023, Silicon Labs, a leader in wireless technology announced two new integrated circuit in the market. The new launched product named as the xG27 family of Bluetooth systems and BB50 microcontroller unit. BB50 MCU is ideal for tiny, battery-optimized devices like connected medical devices, asset monitoring tags, wearables, smart sensors.
• On Septeber 10, 2022, STM Launched the STM32U5 Extreme Low-Power Microcontrollers focused on cybersecurity in the market. STM32U5 series of microcontrollers are power-saving microcontrollers (MCUs) which is used in wearables, personal medical devices, home automation and industrial sensors.
• On April 11, 2023, Renesas Electronics Corporation, a supplier of semiconductor solutions announced a product launch of microcontroller based on 22-nm process technology.

Why Purchase the Report?

• To visualize the global medical microcontrollers market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of medical microcontrollers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global medical microcontrollers market report would provide approximately 53 tables, 47 figures and 202 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies