Product Manager

Welcome to Medtronic - a global leader in medical technology and innovation. As a Product Manager, you will play a crucial role in driving the success of our company by leading the development and launch of cutting-edge medical devices. We are seeking a dynamic individual with a passion for improving patient outcomes and a strong business acumen. If you are a strategic thinker with exceptional leadership skills and a proven track record in product management, we invite you to join our team and make a meaningful impact in the healthcare industry.

1. Lead product development process: Manage the entire product development process from ideation to launch, collaborating with cross-functional teams including R&D, marketing, sales, and regulatory to ensure successful and timely product launches.
2. Conduct market research: Stay up-to-date with industry trends and conduct market research to identify opportunities for new products or enhancements to existing products. Use this information to inform product strategy and development plans.
3. Develop product roadmaps: Create and maintain product roadmaps that align with company goals and market demands. Continuously evaluate and adjust roadmaps based on changing market conditions and business priorities.
4. Manage product lifecycle: Oversee the entire product lifecycle, including product launch, market penetration, maturity, and end-of-life. Develop strategies to extend product life and increase profitability.
5. Set pricing and positioning: Work with marketing and sales teams to develop pricing strategies and positioning of products in the market. Analyze market data and competitor pricing to make informed decisions.
6. Collaborate with sales and marketing: Support sales and marketing efforts by providing product knowledge, training, and collateral. Work closely with these teams to ensure alignment and success in achieving sales targets.
7. Ensure regulatory compliance: Understand and comply with all relevant regulations, standards, and guidelines in the healthcare industry. Collaborate with regulatory and quality teams to ensure product compliance.
8. Monitor product performance: Analyze sales data, customer feedback, and market trends to evaluate product performance and identify areas for improvement. Develop and implement strategies to address any issues and optimize product performance.
9. Manage product budgets: Develop and manage product budgets, ensuring that expenses align with projected revenue and are within company guidelines.
10. Cultivate strong relationships: Build and maintain relationships with key stakeholders, including healthcare professionals, customers, and industry partners. Represent the company and its products at conferences, events, and other industry gatherings.

According to JobzMall, the average salary range for a Product Manager is $75,000-$140,000 per year. However, this can vary based on factors such as industry, company size, and location. Some product managers may earn bonuses or stock options in addition to their base salary. Higher-level positions, such as Senior Product Manager or Director of Product Management, may have higher salary ranges.

Medtronic plc is the world's largest medical device company that generates the majority of its sales and profits from the US healthcare system and is headquartered on the island of Ireland.