Pulmonary Artery Catheters Market — Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jun 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Pulmonary artery catheterization, also called Swan-Ganz catheterization, is the procedure which involves insertion of catheter into the right side of the heart and to the arteries that lead to the lungs. It is used in the diagnosis of problems such as to determine the hemodynamic abnormalities in heart and lungs. This catheter allows measurement of pressure in pulmonary artery, right ventricle, and wedge pressure of left atrium.

The procedure of pulmonary artery catheterization can be used to evaluate risk of heart attack, shock, heart failure, pulmonary edema, cardiomyopathy, pulmonary hypertension and often used to check the complications in the kidneys. The catheters can be used with an IV-through which heart medications can be delivered and the effects of the medications can be monitored and checked by pulmonary artery catheter. Pulmonary artery catheters or Swan-Ganz catheters can be used in combination with an endocardial biopsy and it also helps to determine if medication is needed to lower the blood pressure, as pulmonary heart pressure should be low for heart transplant patients.

Increasing incidence of heart and lung diseases driving the pulmonary catheter market

According to WHO report in 2015, cardiovascular diseases were responsible for 31% of all global death. Rising incipience of cardiovascular diseases creates a highly conducive environment for growth of the pulmonary artery catheter market. Also, high prevalence of diabetes, hypertension, owing to change in lifestyle of people, and smoking and drinking habits further supplements market growth.

The growing number of geriatric population in the world driving the pulmonary artery catheter market. However, there are some restraints in the use of pulmonary artery catheter such as it is not recommended for patients with acute respiratory distress syndrome, septic shocks, and in the routine treatment for patients undergoing high risk of surgery. The most hazardous risk of using pulmonary artery catheter is pulmonary artery rupture and risk to the patients receiving anticoagulation therapy.

Increase in number of cardiac clinics globally expected to boost growth of pulmonary artery catheter market

The global pulmonary catheter market can be segmented by product type, end user, application, and region

On the basis of product type,

  • Four lumen catheter
  • Five limen catheter
  • Six lumen catheter
  • Others

On the basis of application,

  • ICUs
  • Non ICUs

On the basis of end user,

  • Hospitals
  • Cardiac clinics
  • Ambulatory surgical centers

The rising number of patients with heart and lung complications owing to increase in use of pulmonary artery catheter in North America

Regional segmentation of pulmonary artery catheter market by Coherent Market Insights comprises North America, Asia Pacific, Europe, Africa, and Middle East. North America region dominates the pulmonary artery catheters market, mainly due to high prevalence of cardiovascular disorder as a result of sedentary lifestyle. The changing lifestyle, unhealthy diet, the increase in people with habits such as smoking and drinking, increase in stress level owing to increase in population of patients which leads to the growth of pulmonary artery catheters market. Followed by North America, Europe and Asia Pacific are also one of the emerging market for pulmonary artery catheter. The change in lifestyle, lack of exercise in people, and increasing geriatric population in this region are some the factors driving growth of the pulmonary artery catheter market in this region.

Rapid use of pulmonary artery catheter by physicians is expected to aid pulmonary artery catheter market growth

Key players operating the pulmonary catheter market globally include ICU Medical, argon Medical, Edwards Life Sciences Corporation, Biosensors International and Becton Dickinson (BD). The rapid use of pulmonary artery catheters by physicians in the treatment of heart and lung disorders is expected to drive the pulmonary artery catheters market.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.