A Healthcare Product Manager works in development or strategy meetings, collaborates with other departments (sales, engineering, marketing, etc.) to enhance the product, does market research, and offers professional guidance on various health-related topics.A Product Manager, Healthcare's typical roles are listed below:<ul><li>Account Executives: They find leads and close sales with current customers or new prospects to support the expansion of their businesses. To ensure the success of their clients, they also serve as a bridge between other organizational units.</li><li>Healthcare Account Executive: They provide mission-critical support services, keep an eye on complicated issues, and collaborate closely with the customer support and engineering teams to ensure that the correct escalation and resolution methods are used.</li></ul>

The coronavirus has also benefited the Healthcare Sector. Future expansion will accelerate this growth even more. By 2022, the Indian Healthcare Industry was predicted to be worth $372 billion, according to Invest India. As the Healthcare sector grows, the need for Product Manager also increase. A CAGR (compound annual growth rate) of 22% between 2016 and 2022 is predicted to see the Indian Healthcare sector grow three times, from US$ 110 billion in 2016 to US$ 372 billion in 2022. Infrastructural investments in Healthcare in India are anticipated to total $349.1 billion by FY22. By 2025, the market for electronic health records is expected to grow to $10.6 billion.

How to Learn

A Product Manager, Healthcare's role and responsibilities include the following:<ul><li>Working with product managers and business executives to comprehend and align the product roadmap to its vision utilizing agile methodology and awareness of market dynamics, industry trends, and everyday business models used by various verticals.</li><li>Validating a new product's market potential, TAM, etc., conducting competitive analysis, creating a product backlog, and scheduling product release by GTM strategy.</li><li>Improving the minimum viable product (MVP) to match the market opportunity supported by a strong product vision and positioning, suggesting/checking the viability of an integrated solution for customer deployment, and working with the UX/UI teams to ensure verified designs and UI development.</li></ul>

Roles & Responsibilities

Average take home Salary for a Product Manager, Healthcare in India is around ₹858500 per year

Salary Breakup

Healthcare product managers are responsible for maintaining and managing products throughout their life cycle, from the launch of the product until its retirement. Product managers perform a variety of tasks, including overseeing sales staff to ensure that they have the expertise and materials to sell a product; they also salespeople and clients have promotional materials, training on how to use the products, and clinical papers, as needed. They are also responsible for making sure that the people in the healthcare field are kept up to date on new developments or changes to their company's products. Often, healthcare product managers do market research projects with a team, as well as help develop marketing plans, advertising, and sales forecasts/reports.

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Product Manager, Healthcare

Salary Breakup

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