• Market Research & Analysis: Conduct in-depth market research to identify customer needs, industry trends, and competitive new product opportunities. Leverage this data to inform product development and ensure alignment with market demand.
• Product Conceptualization & Strategy: Lead the creation of compelling product concepts and specifications that align with MedSource Labs’ business strategy. Develop detailed product briefs and strategic roadmaps to meet customer and business needs.
• Cross-functional Collaboration: Work closely with engineering, design, R&D, sales, and marketing teams to oversee the full product development lifecycle—from initial ideation to prototyping, testing, and commercialization. Drive cross-functional alignment to ensure product success across all stages.
• Commercial Pricing & Positioning: Develop pricing models and go-to-market strategies that maximize profitability while remaining competitive within target markets. Ensure product positioning aligns with both customer expectations and the company’s financial goals.
• Product Launch & Market Penetration: Lead the product launch process, ensuring all aspects of the go-to-market strategy are executed efficiently. Collaborate with sales and marketing teams to drive awareness, demand, and rapid adoption.
• Post-Launch Performance & Continuous Improvement: Monitor product performance after launch through sales analysis, customer feedback, and market trends. Identify areas for product improvement, innovation, and potential lifecycle adjustments to maximize long-term success.
• Lifecycle Management: Manage the product lifecycle, including product enhancements, updates, and eventual phase-out strategies. Ensure ongoing product relevance and profitability through strategic decisions.
• Collaboration with Leadership: Partner with the leadership and other stakeholders to align product strategies with broader business objectives. Provide regular updates on product development progress and commercial performance.

Qualifications:

• Bachelor’s degree in Business, Marketing, Product Management, or a related field.
• 5+ years of experience in product development, ideally in a commercial or consumer-facing environment, preferably within the medical device, healthcare, or related industries.
• Proven track record of successfully launching and commercializing new products.
• Strong understanding of market analysis, competitive landscape, and customer insights.
• Excellent project management skills with the ability to manage complex projects and lead cross-functional teams.
• Data-driven mindset with the ability to interpret market data, customer feedback, and sales performance to optimize product strategies.
• Exceptional communication, negotiation, and interpersonal skills to collaborate effectively with internal and external stakeholders.
• Knowledge of product lifecycle management and regulatory compliance in the medical industry is a plus.

Why MedSource Labs:

At MedSource Labs, we pride ourselves on our commitment to quality and innovation. As a key player in our product development and commercialization efforts, you will be at the forefront of delivering impactful products that make a difference in healthcare. We offer a collaborative, fast-paced work environment where your ideas and contributions are valued, and where your efforts can directly influence the success of our business and the well-being of patients worldwide.

About Us:

MedSource Labs is a premier developer and supplier of innovative, high-quality medical products dedicated to improving patient outcomes across diverse healthcare sectors. Since our founding in 2002, we have been at the forefront of delivering reliable, cost-effective solutions to a broad range of healthcare professionals, including emergency medical providers, hospitals and surgical centers, veterinarians and dental providers, as well as government agencies.

Headquartered in Chanhassen, Minnesota, MedSource Labs is committed to setting the standard in medical product development by blending cutting-edge technology with unparalleled industry expertise. Our goal is to not only meet the evolving needs of the healthcare industry but to exceed expectations by creating products that enhance both clinical outcomes and operational efficiencies.

We take pride in our strong values and collaborative culture. At MedSource Labs, our people are our greatest asset. We actively seek individuals with diverse backgrounds, experiences, and perspectives because we believe that diversity drives innovation. It’s not just about doing the right thing—it’s about fostering an environment where creativity, problem-solving, and teamwork lead to exceptional products and services. We value the unique contributions that every employee brings to the table and understand that their diverse experiences strengthen our company, allowing us to continuously evolve in a competitive market.

Our Culture:

We cultivate a culture of empowerment and collaboration, where employees feel valued and motivated to bring their best ideas forward. By providing opportunities for personal growth and professional development, we ensure that every member of the MedSource Labs team is equipped to contribute to our mission of advancing healthcare globally.