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Full-Time

Upstream Product Manager

Cardiac Pacing Therapies

Posted on 9/18/2024

Medtronic

Medtronic

5,001-10,000 employees

Develops and manufactures medical devices and therapies

Healthcare
Biotechnology

Compensation Overview

$125.6k - $188.4kAnnually

+ Short-term Incentive

Senior, Expert

Blaine, MN, USA

Requires up to 25% travel domestically and internationally.

Category
Product Management
Product
Required Skills
Market Research
Marketing
Requirements
  • Bachelor’s Degree
  • 7+ years’ experience in a marketing, business development, strategy or technical role (5 years with Advanced degree)
  • Project and/or program management experience
  • New product planning, upstream, or downstream marketing experience
Responsibilities
  • Lead internal and external efforts to create a compelling vision and portfolio strategies that garners the investment required to expand our leadership position in the pacing market, ensuring meaningful access to new market opportunities to further expand our growing franchises.
  • Analyze market opportunities and risks, presenting analyses to CPT leadership team and recommending strategies to drive competitive differentiation.
  • Develop a deep understanding of the pacing market and customer unmet needs.
  • Build relationships with key opinion leaders (KOLs) and physicians to gather Voice of Customer (VOC) feedback around the existing portfolio, and future potential projects to translate unmet customer and market needs into impactful strategies and new market opportunities.
  • Identifies market research needs, elicits stakeholder inputs by creating and conducting multiple customer feedback methodologies targeted but not limited to patients, Medtronic field staff, clinicians, and hospital administrators.
  • Drives alignment internally and across the regions, creating compelling business cases for necessary resources required to execute strategies.
  • Partners cross-functionally to develop comprehensive product strategies that span multiple technologies and/or therapies to create integrated approaches with broad impact.
  • Travels domestically and internationally in support of customer engagements and internal Medtronic activities up to 25% of time.

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 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 their advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Medtronic's recent product innovations, such as the InterStim Micro Neurostimulator and remote monitoring systems, highlight its commitment to advancing medical technology.
  • The company's expansion in Asia, including the launch of the Robotics Experience Studio, indicates strong growth potential in emerging markets.
  • Strategic partnerships and acquisitions, like the collaboration with Ramsay Health Care and the acquisition of Paceart Optima, enhance Medtronic's capabilities and market position.

What critics are saying

  • The highly competitive medical technology market requires Medtronic to continuously innovate to maintain its leadership position.
  • Integration challenges from acquisitions and partnerships could potentially disrupt operations and delay product development.

What makes Medtronic unique

  • Medtronic's extensive R&D investment enables continuous innovation in medical technology, setting it apart from competitors who may not have the same level of resources.
  • The company's global reach, operating in over 150 countries, provides a significant advantage in market penetration and customer base.
  • Medtronic's comprehensive suite of products and services, including training and patient management programs, offers a holistic approach to healthcare that many competitors lack.
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