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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Pulmonary Artery Catheter Market Outlook

The global pulmonary artery catheter market size was valued at USD 1,272.74 million in 2023, driven by the rising population, increasing number of smokers, rising prevalence of diseases caused due to sedentary lifestyles of the consumers, and growing ageing population. The market is anticipated to grow at a CAGR of 4.4% during the forecast period 2024-2032 to reach a value of USD 1,875.19 million by 2032.

Global Pulmonary Artery Catheter Market

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North America to be One of the Leading Regional Markets for the Pulmonary Artery Catheter Industry

Due to sedentary lifestyles and the increase in cardiac complications, the United States and Canada are the major markets for pulmonary artery catheter within North America. Countries like India, Australia, and New Zealand are also among the major markets of pulmonary artery catheter due to the prevalence of poor diet, failure to exercise, and sedentary lifestyles. Lifestyle disorders are prevalent in these countries, which is further boosting the market growth.  Europe and Latin America are also witnessing a rapid growth within the market due to changing lifestyles and increasing investments into the healthcare sectors.

Pulmonary Artery Catheter: Market Segmentation

The pulmonary artery takes blood to the lungs for purification from the heart's right ventricle. Catheterisation of the pulmonary artery is a process in which a catheter is inserted into the pulmonary artery. The flow-focused balloon pulmonary artery catheter was first addressed in 1970 and initially designed for the treatment of acute myocardial infarction. It has since then been widely used in various critical diseases and operations. Pulmonary artery catheterisation is a surgical operation that inserts a small catheter into the neck, arm, chest, or vein and transfers to the right side of the heart to assess the heart pressure.

Global Pulmonary Artery Catheter Market By Application

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The types of the product can be divided as follows:

  • Four-Lumen Catheter
  • Five-Lumen Catheter
  • Six-Lumen Catheter
  • Others

Pulmonary artery catheter finds wide applications in:

  • ICU
  • Non-ICU

The end uses of the product include the following:

  • Hospitals
  • Cardiac Clinics 
  • Ambulatory Surgical Centres
  • Others

The regional markets for pulmonary artery catheter can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Pulmonary Artery Catheter Market By Region

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Rising Ageing Population Bolstering the Market Growth of Pulmonary Artery Catheter

The rapid rise in the ageing population is among the crucial factors driving the growth of the industry. The demand for pulmonary artery catheters is motivated by the preoperative, perioperative, and postoperative use of the pulmonary artery catheter. The number of cases of cardiac complications has risen with the growing health problems due to the sedentary lifestyles and unhealthy dietary habits. This has led to the growth of the pulmonary artery catheter industry. In addition, the increased prevalence of smoking and alcohol consumption have also resulted in increased heart problems, thus, further catalysing the market growth.

Key Industry Players in the Global Pulmonary Artery Catheter Market

The report gives a detailed analysis of the following key players in the global pulmonary artery catheter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Edward Lifesciences Corporation
  • Argon Medical Devices Inc.
  • ICU Medical Inc.
  • Biosensors International Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Model of Delivery
  • Region
Breakup by Product
  • Four Lumen Artery Catheter
  • Five Lumen Artery Catheter
  • Six Lumen Artery Catheter
  • Others
Breakup by Application
  • ICUs
  • Non-ICUs
  • Others
Breakup by Model of Delivery
  • Hospitals
  • Long Term Care Facilities
  • Other End Users
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Hollister
  • Medtronic Plc
  • Coloplast
  • Becton, Dickinson and Company
  • B. Braun Melsungen AG
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Teleflex Incorporated
  • Johnson & Johnson
  • Edwards Lifesciences Corporation
  • Cook Medical
  • Stryker Corporation
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global pulmonary artery catheter market reached a value of USD 1,272.74 million in 2023.

The market is anticipated to grow at a CAGR of 4.4% during the forecast period of 2024-2032 to reach a value of USD 1,875.19 million by 2032.

The growth of the market is being supported by drivers like rising population, increasing number of smokers, rising prevalence of diseases caused due to sedentary lifestyles of the consumers, and growing ageing population.

Unhealthy dietary habits and increasing investments into the healthcare sector are the important industry trends propelling the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of pulmonary artery catheter in the market are four-lumen catheter, five-lumen catheter, and six-lumen catheter, among others.

The major application segments in the industry are ICU and non-ICU.

The significant end use sectors in the market are hospitals, cardiac clinics, and ambulatory surgical centres, among others.

The major players in the industry are Edward Lifesciences Corporation, Argon Medical Devices Inc., ICU Medical Inc., and Biosensors International Group, among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124