Product Development Manager at Abbott

Kansas City, Missouri, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Diagnostics, Medical Devices, ToxicologyIndustries

Requirements

Bachelor's degree
Minimum of 6–8 years of experience in product management and/or product development
Proven track record of leading end-to-end product development, launch, and iteration
Experience managing products through the full lifecycle, from concept to launch and beyond, while anticipating future needs and challenges

Responsibilities

Oversee product development and design, conduct market research as needed, define price strategies, launch new products, and monitor sales performance to effectively market new products/services
Evaluate market trends, customer behavior, and competitor activity to identify product/service opportunities for the innovation plan
Lead the cross-functional timeline management for product development and product launch readiness
Prepare products for commercialization by working with cross-functional teams (e.g., Operations, IT, R&D, PMO, Quality, Regulatory, Channel Marketing, Commercial)
Adapt plans to improve the sales performance of products/services: Monitor sales volume, revenues, and costs against forecasts to inform opportunities for optimization
Lead launch planning and commercialization of products, ensuring alignment across cross-functional teams and full product readiness for optimal launch success
Collaborate with internal technical resources to synthesize requirements for the development or enhancement of products and services and their supporting technology/software enhancement

Skills

Product Development

Product Launch

Market Analysis

Customer Behavior Analysis

Regulatory Requirements

Competitive Analysis

Innovation Roadmap

Go-to-Market Strategy

Strategic Development

Service Design

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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