Microfluidics market reached $1.7 bln in 2003

From automotive hydraulics, semiconductor production, and new means of drug delivery, to next-generation, propellant-free aerosols and fuel cells for consumer electronics, microfluidics technologies are on the move and continue to expand their reach.

From automotive hydraulics, semiconductor production, and new means of drug delivery, to next-generation, propellant-free aerosols and fuel cells for consumer electronics, microfluidics technologies are on the move and continue to expand their reach. Excluding lab-on-a-chip, revenues for microfluidics are forecast by InStat/MDR to grow at a Compound Annual Growth Rate (CAGR) of 10.3%, from nearly $1.7 billion in 2003, to more than $2.7 billion in 2008.