Question-and-Answer Session
Operator
(Operator Instructions) First question comes from Imron Zafar from Deutsche Bank. Your line is open.
Imron Zafar - Deutsche Bank
Hey, good afternoon and thanks for taking my question. My first question is on guidance. Can you just talk about the relative growth rates you are assuming by segment for 2009 and how much of that is can be driven by share gains versus end market growth?
Carl Hull
Imron, you can see what we are implying is about 11% growth.
Imron Zafar - Deutsche Bank
Right.
Carl Hull
We haven't historically passed that out into diagnostics versus blood screening at this juncture and don’t intend to do it today. But I think you can tell that we are looking for a good year, a very good year in 2009. Condition of course as we said on some very vital foreign exchange rates.
Imron Zafar - Deutsche Bank
Okay. And then maybe a big picture question. You have talk in the past about the electro diagnostic market growing sort of in the 12% to 15% range over the next few years. And maybe looking at your 2009 guidance, you sort of add little bit a lot of depending on FX I guess, can you just comment, given your comment Hank about the unlikely how you are going to do any meaningful M&A in the foreseeable future, what do you see your long-term growth rate relative to the market that 12% to 15% range? Thanks.
Hank Nordhoff
I think last year at this time Imron we guided to about 11% growth and it came out to be, much higher than that. We did not say we were not going to do any acquisitions. We said that, that was probably unlikely that we would acquire a company larger than Tepnel. I think the upside will be ULTRIO in the US and we have been little bit cautious about talking about this adoption in the US I think I went on inline and I expected the first sales to be in the first half of this year but we have not quantitated that. I think overall as see the growth rate in diagnostic to be just about double in Europe what it is in the US you can see that we are investing over there to try to capitalize on that best.
Imron Zafar - Deutsche Bank
Okay. Thank you very much.
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