Product & Business Development Manager –Medical Consumable Devices | Saudi Arabia

Rawaj-HCM; Riyadh; On-site; SAR 299,962 - 449,943; Full time

Job summary

A leading pharmaceutical and medical devices company located in Saudi Arabia is seeking a Product & Business Development Manager. This role involves conducting market research, leading product development initiatives, and establishing partnerships. Candidates should have over 10 years of experience in the medical devices sector, along with a strong understanding of the Saudi healthcare market. The ideal applicant will have a Bachelor's in a related field, with an MBA preferred, and excellent analytical and negotiation skills.

Qualifications

• 10+ years of experience in product development, market insights, or business development within the medical devices industry.
• Strong understanding of the Saudi healthcare market, medical device regulations, and procurement processes.
• Demonstrated ability to assess market opportunities and convert insights into viable products.

Responsibilities

• Conduct in-depth market research and analysis to identify new product opportunities.
• Lead product development initiatives in coordination with R&D and Regulatory Affairs teams.
• Build and maintain strong relationships with suppliers and partners for product offerings.
• Monitor product and business development KPIs and performance metrics.

Skills

Product strategy

Supplier management

R&D coordination

Market research

Analytical skills

Negotiation

Stakeholder management

Strategic thinking

Education

Bachelor’s degree in Pharmacy, Biomedical Engineering, Business Administration or related field

MBA preferred

Job description

Leverage your expertise and join a leading company specializing in leading Pharmaceutical and medical devices company in Saudi Arabia.

The Product & Business Development Manager will be responsible for identifying and developing new products, conducting market insights and analysis, and establishing strategic partnerships, while working closely with R&D and Regulatory Affairs teams to ensure successful product development and market entry.

Key Accountabilities

• Conduct in-depth market research and analysis to identify new product opportunities and unmet clinical needs in Saudi Arabia.

• Lead product development initiatives in coordination with R&D and Regulatory Affairs teams.

• Translate market insights into actionable product strategies and portfolio expansion plans.

• Identify, evaluate, and onboard new suppliers and manufacturing partners to enhance product offerings.

• Build and maintain strong relationships with suppliers, principals, and international manufacturers.

• Collaborate with internal teams (Sales, Marketing, Regulatory, Supply Chain, Finance) for successful product launches.

• Monitor product and business development KPIs, opportunity pipelines, and performance metrics.

• Represent the company in supplier meetings, industry events, exhibitions, and conferences.

• Leverage established relationships with NUPCO, government authorities, hospitals, and distributors to support tenders, product listings, and long‑term contracts.

Knowledge, Skills, and Experience

• Bachelor’s degree in Pharmacy, Biomedical Engineering, Business Administration, or related field (bMBA preferred).

• Minimum 10+ years of experience in product development, market insights, or business development within the medical devices industry.

• Proven experience in product strategy, supplier management, and R&D coordination.

• Strong understanding of the Saudi healthcare market, medical device regulations, and procurement processes including NUPCO.

• Demonstrated ability to assess market opportunities and convert insights into viable products.

• Excellent analytical, strategic thinking, negotiation, and stakeholder management skills.