Although Japan still lags behind the United States, and much of Europe, in the development of its biotechnology sector, the country is making considerable effort to develop biotechnology as a major industry. As a result, the Japanese biotechnology industry has been making good progress in recent years. Much of the impetus has come from the Japanese government which has been providing considerable support to foster this industry. The industry's rapid development is a visible result of the close cooperation between the Japanese public and private sectors and academia. In 2007, the total market size of the Japanese biotechnology industry was USD19.5 billion, a 10.8 percent increase over 2006. Currently medical biotechnology is the leading sub-sector. Medical biotechnology products account for over 30 percent of the Japanese biotechnology market. Within medical biotechnology, therapeutic antibodies have the highest growth potential. Japanese pharmaceutical companies are eagerly seeking new drug candidates and pipelines, identified or developed by overseas biotech companies, which they can tap into in order to develop new drugs.Developing any new business venture is difficult. Taking a project from the initial idea through the operational stage is a complex and time consuming effort. Before the potential members invest in a proposed business project, they must determine if it can be economically viable and then decide if investment advantages outweigh the risks involved. The feasibility study allows groups to preview potential project outcomes and to decide if they should continue. It is an integral part in developing a new project. The purpose of the feasibility study is to explore the project in enough detail for the interested parties and stake holders to make a commitment to proceed with the development of the project.Feasibility studies are useful and valid for many kinds of projects. An evaluation of a new business venture both for new groups and established businesses, is the most common, but not the only usage. Studies can help groups to expand existing services, build or remodel facilities, change methods of operation, add new products, or even merge with another business. A feasibility study assists decision makers whenever they need to consider alternative development opportunities.VENN Research's feasibility is intends to help the foreign exporters and companies to identify the market opportunities in a particular geography and a vertical. It covers the following aspects:' Current market scenario and trends' Export and Import trends' Market competition and players' Policies, Laws and Regulatory Initiatives in the industry' Opportunities and Threats' Distribution Channel Strategy' Market Entry Strategy' Industry Contacts and Relevant Events