Pulmonary edema is a condition characterized by fluid accumulation in the lungs, making breathing difficult and interfering with gas exchange, which can lead to respiratory failure. It can be caused by cardiogenic factors like congestive heart failure or non-cardiogenic factors such as Acute Respiratory Distress Syndrome (ARDS), pneumonia, and trauma. Diagnosis involves clinical exams and imaging, while management includes providing oxygen, pharmacologic therapies, and monitoring for severe cases requiring emergency intervention.