The new report by Expert Market Research titled, ‘Global Pulmonary Artery Catheter Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global pulmonary artery catheter market, assessing the market based on its segments like types, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
Within North America, the United States and Canada are considered to be the major demand generating countries because of the sedentary lifestyles and increasing number of cardiac arrests in its population. New Zealand, India, and Australia are also becoming major demand generating countries with its population prevailing on a poor diet, sedentary lifestyles, and lack of exercise. In such countries, lifestyle disorders are commonly found among the population, which further boosts the market growth. Europe and Latin America are also becoming promising markets in the global pulmonary artery catheter market due to their rising focus on the health industry, facilitated by the changing lifestyles.
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Industry Definition and Major Segments
A pulmonary artery is the artery that takes deoxygenated blood from the right ventricle of the heart to the lungs. Catheterisation of the pulmonary artery is the process in which a catheter is inserted into the neck, arm, chest, or vein and transfer to the right side of the heart in order to measure the heart pressure.
Based on type, the market can be divided into:
• Four-Lumen Catheter
• Five-Lumen Catheter
• Six-Lumen Catheter
• Others
By application, the industry is bifurcated into:
• ICU
• Non-ICU
Based on end use, the market is segmented into:
• Hospitals
• Cardiac Clinics
• Ambulatory Surgical Centres
• Others
The major regions in the market are:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The global pulmonary artery catheter market is being driven by the increase in the population of ageing people. The rising consumer demand for pulmonary artery catheters is facilitated by the preoperative, perioperative, and postoperative use of the pulmonary artery catheter. Due to the sedentary lifestyles and unhealthy dietary practices, the cardiac complications have increased and become common in the population, thus, facilitating the demand for pulmonary artery catheter. Also, the increased habits of smoking and consuming alcohol among the population have also resulted in the increasing number of heart problems, further facilitating the demand for pulmonary artery catheter.
Key Market Players
The major players in the market are Edward Lifesciences Corporation (NYSE: EW), Argon Medical Devices Inc., ICU Medical Inc. (NASDAQ: ICUI), Biosensors International Group, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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