MIAMI--(BUSINESS WIRE)--ERBA Diagnostics, Inc. (NYSE MKT:ERB), a fully integrated in vitro diagnostics company, is pleased to announce that it will be exhibiting its full range of products at the prestigious Medical show in Asia, Medlab Asia Pacific, Singapore Feb. 18-20 2014.
According to Medlab, Asia is the fastest growing region in the global market, accounting to 22.88%, and is estimated to reach $17.20 billion US dollars with a CAGR of 11.3% from 2011 to 2016.
Medlab provides the right platform for ERBA’s strategy to expand presence and increase visibility and footprint in the fast growth emerging markets such as Asia and we expect to expand our distribution network significantly at this congress.
For the last 3 years, ERBA has been strongly focused on developing internal R&D capabilities for new products development.
The Lisa XL is a fully automated, 6 plate analyzer and IFA processor targeted towards the larger Blood Banks, Infectious diseases and autoimmune market segments. With dual probe processing system it will have a faster throughput than most micro plate processors available in the market today. Combined with options of tips or needle only it will also be more flexible and economical for use in laboratories.
ERBA will also be showcasing the new Hb-Vario, an automated HPLC system that is capable of measuring both HbA1c/ and A2 for the monitoring of diabetes. Diabetes continues to be one of the major challenges worldwide to the healthcare industry. The benefits of monitoring A1c values to better manage diabetes is well documented in numerous studies. The measurement control of A1c values is key to reducing co-morbidity complications within this population.
Glycated hemoglobin (HbA1c) testing is poised to emerge as a popular technology with outpatient clinics and other small hospital-based laboratories according to a Global Industry Analyst report. The same report also forecasts that the global market for Diabetes Diagnostics is estimated to reach US$26 billion by the year 2015.Bio-Rad and Tosoh are the market leaders in this segment. Diabetes testing is a focus area for growth for ERBA.
With the launching of these three exciting products, ERBA expects to further grow its existing global market position in these three rapidly growing segments.
About ERBA Diagnostics, Inc.
ERBA Diagnostics, Inc. (www.erbadiagnostics.com), headquartered in Miami, Florida, is a fully integrated in vitro diagnostics company that develops, manufactures and distributes in the United States and internationally, proprietary diagnostic reagents, test kits and instrumentation, for autoimmune and infectious diseases, Chemistry, Hematology and Diabetes testing through its six subsidiaries: Diamedix Corporation (U.S.), Delta Biologicals S.r.L. (Europe) and ImmunoVision, Inc. (U.S.)., Jas Diagnostics, Drew Scientific and ERBA Mexico.
