
Product Development Specialist
3 weeks ago
The Product Development Specialist is responsible for identifying market opportunities and developing innovative product solutions from concept to launch. This role works closely with cross-functional teams and vendors to ensure timely execution and alignment with business growth objectives.
Core Responsibilities
- Identify key business opportunities to ensure achievement of revenue and growth targets
- Lead product solution development with teams to determine requirements based on the needs of our client/customer
- Liaise directly with principals/vendors on behalf of the business units. Organize and facilitate meetings to establish business requirements
- Draft business plan which includes industry overview, market analysis and competition, sales & marketing plan & financials
- Collaborate with Product Managers/Product Specialists to manage and execute business plans and initiatives in relation to all medical consumables & devices and equipment
- Coordinate with internal stakeholders in facilitating distributor's agreement/contracts to make sure that all related documents are in place for a quicker turn-around time
- Work closely with the Regulatory affairs department for timely product registration in relation to the product launch schedule
Additional Responsibilities
- Identify new products to ensure achievement of revenue and growth targets
- Continuously review industry trends and client feedback to anticipate future market needs
- Work with medical consumables FSS and InnoQ product & clinical specialists to identify products gaps
- Work hand-in-hand with InnoQ Product Specialist regarding pre-launch activities in terms of stock availability, product positioning and pricing
Qualifications
- Bachelor's degree in Business Administration, Economics, or related field
- At least 2–3 years of experience in product development, business development, or a related role, preferably in the healthcare or medical devices industry
- Strong analytical and strategic thinking skills with the ability to translate market needs into actionable plans
- Excellent communication, presentation, and negotiation skills
- Ability to work collaboratively across cross-functional teams and manage multiple projects simultaneously
- Knowledge of regulatory processes for medical equipment is a plus
- Seniority level: Entry level
- Employment type: Full-time
- Job function: Product Management and Marketing
- Industries: Hospitals and Health Care
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