Full-Time

Product Manager

Upstream Marketing, Advanced Surgical Technologies

Posted on 9/24/2024

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$101.6k - $152.4kAnnually

+ Short-term Incentive (Medtronic Incentive Plan)

Junior, Mid

North Haven, CT, USA

Category
Product Management
Product Marketing
Product
Required Skills
Market Research
Product Management
Marketing
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s Degree and at least 4 years of relevant experience or a Master's degree with at least 2 years of relevant experience
  • Bachelor's degree in Marketing, Business, Finance or similar degree, MBA desired
  • 2+ years of marketing or product management experience within the medical devices/healthcare industry
  • Incredible Analytical skills and proficiency in building financial models and assessing strategic opportunities
  • Strong understanding of surgical procedures and product performance.
  • Demonstrated experience in strategic planning and achievement of business goals.
  • Demonstrated ability to learn technical information and apply technical concepts
  • Demonstrated ability to lead and work effectively in a matrix organization.
  • Exercises superior judgment in planning, organizing, and executing work, monitors performance and reports program status
  • Proven ability to work effectively as a team member across cross-functional teams
  • Highly effective written and verbal communication skills
  • Demonstrated prioritization and organizational skills
  • Ability to rapidly adapt and respond to changes in environment and priorities
  • Previous product launch and upstream marketing experience
  • Knowledge of product development process, and demonstrated leadership in a matrix environment
  • Experience in BD&L or strategic planning demanding a sophisticated approach to understanding strategic needs, financial/market models, competitive trends and business impact
  • Ability to manage concurrent, complex assignments under limited direction
  • Proficiency with a variety of personal computer software applications, including Excel, Word, and PowerPoint
  • Anticipated travel is approximately 30% travel time (domestic & international)
Responsibilities
  • Support product development decisions for current and future Advanced Stapling products through deep understanding and analysis of the market and customers, Be able to articulate future steps needed to continue the growth trajectory of the business. Generate business plans, market requirements, and supporting materials to align all functional groups behind a common vision for the product portfolio.
  • Conduct market research to uncover customer and business insights. Translate those insights into products and programs that deliver growth for the product category. Provide feedback and insight on the commercial viability of new concepts in the new product development process as well as represent customers in future innovation endeavors. Execute strong research methodology and elevate customer insights across key stakeholders with effective organizational communication.
  • Partner with downstream marketers to develop best in class product launch plans and packages. Champion product to market and provide support to all regions for successful execution of product launch metrics and revenue.

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

1949

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for connected medical devices boosts Medtronic's product and patient management solutions.
  • Personalized medicine trends create opportunities for customized Medtronic devices and therapies.
  • Increasing chronic disease prevalence expands Medtronic's market share in diabetes and cardiovascular solutions.

What critics are saying

  • Emerging competitors like Anteris challenge Medtronic's market share and innovation pace.
  • Spine biologics market growth requires rapid innovation to maintain Medtronic's competitive edge.
  • Talent retention challenges may arise following Ira Bindra's departure to Reliance Industries.

What makes Medtronic unique

  • Medtronic offers a comprehensive suite of products and services for diverse medical conditions.
  • The company invests heavily in R&D to drive innovation in medical technology.
  • Medtronic's global presence in over 150 countries enhances its market reach and influence.

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