Rockville, MD -- (SBWIRE) -- 10/08/2018 -- FactMR has published a new research report titled "Infusion Toxicology Services Market Research Report Motivated by Industry Trends, Size, Share and Upcoming Opportunity through 2018-2028" to its online database that tries to unveil the various scenarios prevailing in the Infusion Toxicology Services Market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the Infusion Toxicology Services Market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period (2018-2028).

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Infusion toxicology studies are conducted in toxicologically relevant species to assess the preclinical safety of drugs intended for intravenous administration in human subjects. Infusion toxicology studies help to determine the effective and safe concentration of drug in systemic circulation, which can produce the desired pharmacological action with minimum adverse effects. Infusion toxicology studies also help to determine the clinical dosing regimen for drugs intended to be administered in humans. Infusion toxicology services market demand expertise and are resource and time intensive, which has necessitated their transfer to third party service providers.

Infusion Toxicology Services Market: Drivers and Restraints

The high research and skill intensity of infusion toxicology studies is the critical driver for the global infusion toxicology services market owing to need for achieving lean size and lower operating costs. The companies benefit by avoiding expenditure on developing skills it may not possess or which are ill suited to the company's structure. Development times are also reduced by benefiting from skill set of service provider. Demand pooling is another strategy utilized by service providers which results in lower costs for the infusion toxicology studies, a critical advantage. The lower costs are then shared between the clients and the service providers thereby achieving absolute cost advantage. Management complications are also eliminated thereby resulting in focusing on activities where the company has competitive advantage and is also a better utilization of human resource of the client company.

The growing number of clinical research studies resulting from greater research and development in the pharmaceutical industry is also expected to propel the growth of the global infusion toxicology services market.  Data from linicalTrials.gov lists 276,922 studies with locations in all 50 states and in 204 countries. The number of clinical trials conducted registered a hefty CAGR growth of 14.7 % during the period of 2010 to 2017.

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Infusion Toxicology Services Market: Overview

The global market for infusion toxicology services is consolidated with a few large players dominating the scene. The market trends include a definite shift in favor of developing regions of Asia Pacific, such as India, and China. There is also a strong trend of collaboration between large hospitals and service providers to benefit from infrastructure and skill training. Data sharing between players is another trend so as to reduce the cost.

Infusion Toxicology Services Market: Regional Outlook

The global infusion toxicology services market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, the Middle East and Africa. North America is expected to account a large share in the global infusion toxicology services market owing to concentration of key market players, consolidation of healthcare, and large research and development expenditure.

The Asia Pacific excluding Japan infusion toxicology services market is expected to grow a significant CAGR owing to attractive economics of labor. China and India are expected acquire lion's share in the global market owing to lower labor cost and an expanding pool of skilled talent. The labor cost in Asia Pacific is approximately one-third of the developed countries. The Europe infusion toxicology services market, led by Germany, France and the U.K., is expected to account second large share in the global market. The Middle East and Africa infusion toxicology services market is expected to be skewed in favor of the gulf economies of Saudi Arabia, Kuwait, and Qatar.

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