Product Manager - Contract at Medtronic

Brampton, Ontario, Canada

Medtronic Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Medical DevicesIndustries

Requirements

  • Bachelor’s degree or advanced degree in marketing, business administration, or health science
  • Minimum 2 years relevant experience with a bachelor’s degree or no minimum with an advanced degree
  • Excellent written and verbal communication skills in English
  • Strong interpersonal and relationship building skills
  • Ability to work independently and as a key team member
  • Ability to interact and cope with multiple stakeholders
  • Excellent organizational skills
  • Available to travel up to 40% of the time

Responsibilities

  • Formulates and reviews corporate short and long-range plans, goals, and objectives for specific product or product line
  • Conducts competitive product analysis and market research of product consumer behavior and professional audience
  • Determines the profitability and viability of new products or product enhancements
  • Develops production and marketing strategies and tactics to ensure effective product placement relative to market opportunity, working closely with product development for a specific product, brand, or product area over its entire life cycle
  • Works with other functions to finalize product specifications
  • Provides advertising with core brand equity
  • Serves as technical adviser, demonstrating products and troubleshooting product issues
  • Reports complaints and Adverse Drug Reactions (ADR)
  • Plans and implements Product launch excellence for new technologies and key products
  • Executes short-term tactical marketing initiatives including Sales Force training
  • Performs Sales Force Voice of Customers (VoCs) and surveys
  • Manages Sales Force Q&A coordination and intelligence gathering
  • Creates and updates marketing collaterals
  • Serves as contracts, tenders, and RFP activities marketing representative
  • Monitors competitive products and activities including pricing cross-reference information
  • Responsible for new product introduction (NPI) creation
  • Responsible for regulatory submission prioritization, submission, and tracking
  • Manages demo and loaner pool, and coordinates product evaluations with the sales team
  • Supports field activities such as product upgrades, evaluations, and conversions
  • Coordinates hardware sales programs (if applicable)
  • Supports key conferences, clinical education, and customer events
  • Performs new products quarterly forecasts

Skills

Product Management
Market Research
Competitive Analysis
Product Launch
Portfolio Management
Marketing Strategy
Sales Support
Product Lifecycle Management

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

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 investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters
1949Year Founded
$3.2MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Employee Assistance Program
Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.
Spine biologics market growth may attract new entrants, increasing competition for Medtronic.
Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.
The company invests heavily in R&D to drive innovation in medical devices.
Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.
Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.
Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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