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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
Based on type, the market can be divided into:
• Four-Lumen Catheter
• Five-Lumen Catheter
• Six-Lumen Catheter
By application, the industry is bifurcated into:
Based on end use, the market is segmented into:
• Cardiac Clinics
• Ambulatory Surgical Centres
The major regions in the market are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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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