Pulmonary edema is an abnormal accumulation of fluid in the lungs, significantly diminishing gas exchange and potentially leading to respiratory failure. It can be caused by cardiogenic factors, such as heart failure, or non-cardiogenic factors, such as lung injuries, with both forms presenting similar clinical symptoms like dyspnea and coughing up frothy sputum. Management focuses on addressing the underlying causes, which may involve a combination of medications, oxygen therapy, and nursing care to monitor and support respiratory function.