Are you a strategic business leader with a passion for driving growth and innovation in the medical device industry? We are looking for a Vice President of Business Development (Med Device) in Cleveland, OH, to lead the company’s business development efforts, foster strategic partnerships, and identify new market opportunities. This senior executive role demands an individual with exceptional experience in medical device sales, business strategy, and market expansion, offering an exciting opportunity to influence the future of healthcare technologies.
As the Vice President of Business Development (Med Device) in Cleveland, OH, you will take the reins in shaping and executing the company’s business development strategy. You will identify and explore new business opportunities, expand market presence, and nurture relationships with key stakeholders. This role calls for a high-level leader with strong industry expertise, a robust network in the medical device sector, and a deep understanding of commercial strategies. If you are a results-driven professional looking to make an impact in the medical device industry, this position provides an exceptional platform for growth and leadership.
About This Role
The Vice President of Business Development (Med Device) in Cleveland, OH will be a key player in driving the company’s growth strategy by focusing on expanding its market share, forging strategic partnerships, and identifying new revenue streams. You will lead a team of business development professionals, guiding them to pursue new opportunities in both existing and new markets.
This role requires expertise in strategic planning, market analysis, and relationship-building, as you will be expected to form alliances with healthcare providers, distributors, and other industry stakeholders to advance the company’s goals. You will also play a pivotal role in overseeing the launch of new products and expanding the company’s footprint in the competitive medical device sector. With a focus on driving innovation and fostering collaborations, this role offers a dynamic, high-impact opportunity for a business development leader in the medical device industry.
Key Responsibilities – Vice President of Business Development (Med Device) in Cleveland, OH
Lead Business Development Strategy
- Develop and implement business development strategies to expand market share and drive revenue growth.
- Identify new market opportunities, including untapped geographic regions and emerging sectors within the medical device industry.
- Work closely with the CEO and executive team to align business development goals with overall company objectives.
Establish and Nurture Strategic Partnerships
- Build and maintain long-term relationships with healthcare providers, distributors, and other key industry players.
- Identify and secure strategic partnerships that support product distribution, co-development opportunities, and market expansion.
- Foster collaboration with external partners to enhance the company’s product offerings and market positioning.
Oversee Market Expansion Initiatives
- Identify key markets for expansion and develop go-to-market strategies for entering these regions.
- Evaluate market trends, competition, and customer needs to position the company for success in new areas.
- Coordinate cross-functional teams to implement market entry strategies that align with the company’s long-term vision.
Drive Product Launch and Commercialization
- Collaborate with R&D, marketing, and sales teams to successfully launch new products and ensure market acceptance.
- Develop pricing strategies and promotional plans to optimize product adoption and sales.
- Monitor product performance and gather customer feedback to refine commercial strategies and enhance product offerings.
Develop Sales and Revenue Generation Strategies
- Create comprehensive sales plans to achieve revenue targets and drive sustainable business growth.
- Implement lead generation, qualification, and sales tracking systems to ensure alignment with business goals.
- Oversee the sales team and ensure alignment between sales and business development efforts.
Lead Cross-Functional Collaboration
- Collaborate with internal departments such as marketing, operations, and finance to ensure successful implementation of business development initiatives.
- Coordinate with the legal team to negotiate contracts, licensing agreements, and distribution deals.
- Work closely with operations to ensure smooth product delivery and customer satisfaction.
Track Market Trends and Competitive Landscape
- Conduct regular market analysis to stay updated on trends, competition, and regulatory changes.
- Use industry insights to make data-driven decisions that inform business development strategies.
- Keep the leadership team informed about potential threats or opportunities in the medical device sector.
Monitor Key Performance Indicators (KPIs)
- Establish KPIs for business development efforts and regularly track progress against set objectives.
- Analyze sales data, partnership success, and market penetration to ensure strategic goals are being met.
- Report results to the executive team, offering recommendations for adjustments and improvements where necessary.
What The Client is Looking For in You
The ideal candidate for the Vice President of Business Development (Med Device) in Cleveland, OH role will possess the following key qualifications and attributes:
- Extensive Experience in Business Development – At least 10 years of experience in business development within the medical device or healthcare industry, with a strong track record of success in generating new business, securing strategic partnerships, and driving market growth.
- Strong Leadership and Team Management – Proven leadership skills with the ability to lead and inspire a team of business development professionals. You should be an excellent communicator and mentor, capable of fostering a collaborative environment.
- Strategic Thinking and Market Acumen – Demonstrated ability to create and execute effective business development strategies, with a deep understanding of the medical device market, competitive landscape, and emerging trends.
- Networking and Relationship Building – A well-established network of contacts within the healthcare and medical device industries. Ability to build and maintain long-term relationships with key stakeholders, including healthcare providers, distributors, and business partners.
- Financial and Commercial Acumen – Strong understanding of financial metrics, revenue forecasting, pricing strategies, and profitability models. Experience in aligning business development efforts with the company’s financial goals is essential.
- Innovation and Growth Focus – Passionate about identifying and capitalizing on new market opportunities. A forward-thinking mindset with the ability to drive growth through innovation and creative solutions.
Why This Opportunity Stands Out
This is an exciting opportunity for a seasoned business development executive to make a significant impact in the medical device industry. The Vice President of Business Development (Med Device) in Cleveland, OH position offers several unique advantages:
- Lead High-Impact Initiatives – As VP, you will be at the forefront of expanding the company’s market share and driving revenue growth, working directly with senior leadership to shape the company’s future.
- Strategic Role in Industry Innovation – This is a strategic, high-visibility role where your efforts will directly influence the commercialization of cutting-edge medical technologies and improve patient outcomes.
- Collaborative Work Environment – The company fosters a dynamic and supportive work culture, where your input is valued and cross-departmental collaboration is encouraged.
- Comprehensive Compensation Package – Along with a competitive salary, the role offers performance-based incentives, executive benefits, and opportunities for career advancement within a growing organization.
- Opportunity for Professional Growth – This position provides access to ongoing professional development, industry conferences, and networking opportunities with top-tier industry leaders.
FAQs About the Role
Q: Is relocation required for this position?
A: Yes, the role is based in Cleveland, OH, and candidates must either reside in the area or be willing to relocate. A relocation package may be available for the right candidate.
Q: What industries should I have experience in?
A: Ideally, candidates should have extensive experience in business development within the medical device or healthcare industry. Experience in other regulated industries will also be considered.
Q: What is the reporting structure for this role?
A: The Vice President of Business Development (Med Device) in Cleveland, OH will report directly to the Chief Executive Officer (CEO) and collaborate closely with other senior leadership team members.
Q: What leadership qualities are most important for this role?
A: The ideal candidate will be a strategic, visionary leader with the ability to inspire and manage a team, build relationships, and drive business growth. Strong communication and negotiation skills are essential.
Q: Will I be required to travel?
A: Yes, some domestic and international travel may be required for client meetings, industry events, and market expansion activities.
Q: What qualifications are required for this position?
A: A bachelor’s degree is required, and a master’s degree in business or a related field is preferred. Candidates should have at least 10 years of experience in business development in the medical device or healthcare sector.
Q: How will success be measured in this role?
A: Success in this role will be measured by the growth in market share, revenue generation, strategic partnership development, and the successful execution of business development initiatives.
Q: What is the company culture like?
A: The company values innovation, collaboration, and professional growth. They are committed to providing an inclusive work environment where employees are encouraged to contribute ideas and work as a team to achieve success.
What Remuneration Can You Expect from This Job?
As the Vice President of Business Development (Med Device) in Cleveland, OH, you can expect a competitive and rewarding compensation package that aligns with your experience and expertise. The base salary for this position typically ranges from $200,000 to $300,000 per year, depending on qualifications, experience, and the scope of business development achievements in previous roles. In addition to the base salary, the role offers performance-based bonuses, which are tied to key business development metrics such as market expansion, revenue generation, and partnership growth.
This position may also provide equity options or stock grants for the right candidate, allowing you to share in the company’s long-term success and growth. The benefits package includes comprehensive health insurance (medical, dental, and vision), a 401(k) retirement plan with company matching, paid time off (PTO), and executive-level perks. There may also be opportunities for professional development, including conference attendance, networking events, and leadership training programs.
Additionally, candidates relocating for this position may be eligible for a relocation package, making the transition easier. The Vice President of Business Development (Med Device) in Cleveland, OH position offers not only a lucrative financial package but also the opportunity to contribute to a high-impact role in the growing medical device industry.
How to Apply for This Vice President of Business Development (Med Device) Position in Cleveland, OH
If you are an accomplished business development leader with a proven track record in the medical device industry, we encourage you to apply for the Vice President of Business Development (Med Device) in Cleveland, OH. This is a remarkable opportunity to shape the future of a leading medical device company and drive its growth through strategic partnerships and market expansion.
To apply, please submit your resume and a cover letter detailing your experience in business development, partnership strategies, and leadership within the medical device sector. In your cover letter, be sure to highlight your expertise in driving revenue growth, developing new markets, and leading high-performing teams.
This role offers an exceptional chance to join a company at the forefront of innovation in the medical device space, providing substantial leadership opportunities and the chance to shape the company’s future. Apply today to take the next step in your executive career as Vice President of Business Development (Med Device) in Cleveland, OH!
For more information or to explore similar opportunities, visit our Medical Device Recruiters Page.
Tags: Vice President of Business Development | Med Device Executive | Business Development Leader | Healthcare Leadership | Market Expansion
