Press release
Strong Growth Ahead: Pulmonary Artery Catheter Market Size To Grow At Arecord 4.6% Cagr By 2029
The Pulmonary Artery Catheter Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Pulmonary Artery Catheter Market Size Expected to Be by 2034?
In recent years, the market size for pulmonary artery catheters has been on a steady upward trend. Its size is projected to increase from $1.2 billion in 2024 to an estimated $1.26 billion in 2025, signaling a compound annual growth rate (CAGR) of 4.9%. This growth over the historical period can be linked to factors such as the aging population, increasing demand for surgeries that are minimally invasive, high incidence of diabetes and hypertension, growing cases of cardiovascular and pulmonary illnesses, along with the escalating demand for advanced systems for hemodynamic monitoring.
There is an anticipated consistent expansion in the pulmonary artery catheter market over the upcoming years, with an estimated value of $1.51 billion by 2029, which equates to a compound annual growth rate (CAGR) of 4.6%. This growth during this period can be attributed to factors such as escalating health issues due to inactive lifestyle and unhealthy eating habits, higher prevalence of smoking and alcohol use, increased financial backing in the healthcare sector, rising cases of heart and lung ailments and escalating healthcare spending. The forecast period also showcases key trends such as non-invasive or minimally invasive methods like echocardiography, less intrusive hemodynamic monitoring devices, sterile methodologies, accurate catheter placement confirmation, constant monitoring for complications, incorporation with sophisticated monitoring systems and individualized hemodynamic monitoring.
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What Are the Emerging Segments Within the Pulmonary Artery Catheter Market?
The pulmonary artery catheter market covered in this report is segmented -
1) By Product: Four Lumen Artery Catheter, Five Lumen Artery Catheter, Six Lumen Artery Catheter, Other Product Types
2) By Application: Intensive Care Units (ICUs), Non-Intensive Care Units (ICUs), Other Applications
3) By Model Of Delivery: Hospitals, Long Term Care Facilities, Other End Users
Subsegments:
1) By Four Lumen Artery Catheter: Standard Four Lumen Catheter, Thermodilution Four Lumen Catheter, Specialty Four Lumen Catheter
2) By Five Lumen Artery Catheter: Standard Five Lumen Catheter, Thermodilution Five Lumen Catheter, Specialty Five Lumen Catheter
3) By Six Lumen Artery Catheter: Standard Six Lumen Catheter, Thermodilution Six Lumen Catheter, Specialty Six Lumen Catheter
4) By Other Product Types: Introducer Sheath Catheters, Pressure Monitoring Catheters, Specialty Catheters, Disposable Pulmonary Artery Catheters
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What Long-Term Drivers Are Shaping Pulmonary Artery Catheter Market Trends?
The escalating rates of heart and lung ailments are anticipated to spur the expansion of the pulmonary artery catheter market. Multiple factors are contributing to this surge in heart and lung diseases, including unhealthy eating habits, a lifestyle with little to no physical activity, environmental influences, societal factors, and discrepancies in diagnosis and treatment. By monitoring the pressures within the pulmonary artery, a pulmonary artery catheter provides insights into the functioning of the heart and lungs, thereby aiding in the diagnosis and management of these diseases. For instance, the Australian Institute of Health and Welfare - a national agency for health and welfare data in Australia - estimated in June 2024 that approximately 638,000 individuals, or 2.5% of the Australian population, were coping with chronic obstructive pulmonary disease in 2022. Similarly, in May 2024, the US-based public health agency - the Centers for Disease Control and Prevention - reported that heart disease was the cause of death for 702,880 individuals in 2022, representing 1 in every 5 fatalities. As a result, this surge in heart and lung ailments bolsters the expansion of the pulmonary artery catheter market.
Who Are the Top Competitors in Key Pulmonary Artery Catheter Market Segments?
Major companies operating in the pulmonary artery catheter market are Cardinal Health Corp, Medtronic Inc., Becton Dickinson And Company, Philips Healthcare Corp, Stryker Corporation, Boston Scientific Corporation, Medline Industries Inc., B. Braun Melsungen AG, Terumo Corporation, Edwards Lifesciences Corporation, Zoll Medical Corporation, Nipro Corporation, Smiths Medical Group, Teleflex Incorporated, Merit Medical Systems Inc., DeRoyal Industries Inc., Vygon SA, AngioDynamics Inc., Relisys Medical Devices Limited, QXMédical LLC
What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the pulmonary artery catheter market are concentrating their efforts on creating innovative items such as endovascular catheters. These new products are expected to increase the precision of hemodynamic tracking, boost patient safety, and enable less invasive methods for evaluating heart function and lung pressures. The endovascular catheter is a dedicated device that facilitates accurate catheterization and monitoring of the pulmonary artery. For example, in January 2024, Thrombolex Inc., a medical equipment firm based in the United States, introduced the BASHIR .035 and BASHIR S-B endovascular catheters, specifically designed to treat acute pulmonary embolism (PE). Equipped to work with a 0.035 guidewire, these catheters possess a distinctive system with an expandable infusion basket that permits targeted thrombolysis by supplying thrombolytics straight to the clot. This technique aims to quickly reestablish blood flow, augmenting patient safety and lessening the time taken for the procedure.
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Which Regions Are Becoming Hubs for Pulmonary Artery Catheter Market Innovation?
North America was the largest region in the pulmonary artery catheter market in 2024. The regions covered in the pulmonary artery catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pulmonary Artery Catheter Market?
2. What is the CAGR expected in the Pulmonary Artery Catheter Market?
3. What Are the Key Innovations Transforming the Pulmonary Artery Catheter Industry?
4. Which Region Is Leading the Pulmonary Artery Catheter Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the pulmonary artery catheter market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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